Pretty as a Pytcher: Another Cute East Dallas Flip, This Time in Lochwood

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Lochwood is lousy with adorable 1960s ranches, midcentury traditionals, soft contemporaries, and midcentury moderns, so it’s a favorable neighborhood for flippers with flair. Pytcher Homes, the same firm that reimagined a stuffy Old Lake Highlands ranch into a luxe and livable home, is building quite the portfolio. This Lochwood traditional, marketed by Kevin Caskey and Bill Clarkson at Dallas City Center Realtors, is just the latest home run for this company.

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Pytcher Homes was able to transform this home into a beautiful nest that, with its tasteful transitional design and open floor plan, will work for most any family looking to take advantage of this increasingly upwardly mobile area. Lochwood has a very tight-knit feel, thanks to its active neighborhood association, proximity to White Rock Lake, and the families who are doubling down on the neighborhood schools.

These are all ingredients for increases in property values, but when looking to flip in an established neighborhood, it’s important to hit the right balance of style, space, and amenities. This home is pretty as a picture from the curb thanks to the adorable color on the front door, but inside, it’s so much more.

 

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This remodel does a fantastic job of showing off what the home has, and more noticeably, doesn’t have. The vaulted ceilings and that towering double-sided fireplace in the living room are the first thing you’ll notice when entering, but it’s not overpowering, thanks to the coat of paint on the brick that blends well with the smooth museum-finish walls. It’s a wonderful contrast to the dark stained hardwood floors, and gives this traditional a very contemporary feel, without being too heavy-handed.

The open floor plan in this 2,522-square-foot, four-bedroom, three-bath home makes it perfect for hanging art and creating spaces for entertaining. You have both a formal living and dining area in the front of the home, and on the other side of the fireplace is the kitchen and den areas, which are great for families and casual entertaining. Caskey and Clarkson just put 10548 Wyatt on MLS for $475,000, or $188.34 per square foot. Compare that to our Thursday Three Hundred from yesterday, which was a three-bedroom home priced at more than $200 per square foot! What a value!

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The kitchen, which is now open to the den — great for families! — features stainless steel appliances, an eat-in island, and lovely Luna Pearl granite counters that work well with the European-style white cabinetry and modern hardware. While I’m not a fan of the range — or electric ranges in general — this kitchen is a wonderful, open spot that families will gravitate toward. And while they fill their bellies, they won’t be starved for natural light, either, thanks to the double sliding glass doors that face the backyard.

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Now, the master suite is on the second floor, just to the right of the staircase. You get a full-sized shower, granite-topped double-vanity, and a huge bedroom with enough room for a separate sitting area. However, there is another bedroom on the first floor that could either be a living area or an office should you choose.

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I love the covered porch and the neat, grassy lawn, which really feels sweet and petite — just enough for a game of catch but not so much grass that you have to beg your progeny to mow the dang lawn. Plus, you have a two-car garage with alley access, which is perfect for families who are constantly running back in the house to grab something they forget on the way out the door.

Overall, this is an adorable home in a fabulous neighborhood and Pytcher Homes has done a great job updating it! What do you think?

6 Comment

  • You realize when people read Flip they immediately equate it with overpaying for shoddy renovations at the peak of the market right?

    It’s not something that a plurality of people have positive connotations with and rightly so. On another note, this market really sucks for buyers. That is all.

  • What I’m noticing is that these flips can be quite nice. However the houses are overpriced for their neighborhoods and street blocks. I looked at one very nice flip, also advertised on this blog, but is was easily $200,000 more than the value of every other house on the street. Why would I pay $550,000 for a house where every other house on the block is valued in the 200-300k range? As an aware buyer I’m not going to do that. Also, we can see what the houses were listed at a year ago when the flippers bought them and then do the math of the renovation and see that they’re trying to soak us for $100k profit.

    • mm

      I’m afraid that is what happens in a hot market. Was looking at a Lake Highland home purchased in 2014… buys paid $5000 over asking. That’s why I am cautiously optimistic about all this hotness: it’s payday for owners, not so fun for buyers!

      • I”ve never had to buy the most expensive house on the block and don’t plan on starting. I’ve always bought the lowest priced house in the nice neighborhood and managed my own renovations. I feel sorry for those saps who don’t know any better. But you know what they say about a fool and their money.

  • All flips are definitely not created equal….but most buyers & Realtors can tell a bad one right away!
    I did want to address the previous comments about the market. If you are obtaining a mortgage then your lender will not allow you to over pay for a home unless you bring the extra cash to the table to do so…if you are paying cash then it’s your choice to overpay away! Hiring a good Realtor will also prevent you from even looking at homes that are as grossly overpriced as mentioned. Luckily the investor that did the featured property found me early on to make sure the original purchase price is fair & that the AFTER price is also fair and competitive in the current market. The market will tell you if you are doing something wrong…but we must be doing something right because most of ours sell in less than 30 days for an average of just under 100% of list price.

    • mm

      Yes, hiring a Realtor or working with a Realtor consulting on a flip makes all the difference. Realtors will be able to tell you what should be done in a home to achieve the goals of marketability and profit (and no, profiting is not a bad thing!) so that when completed, it not only sells, but it appraises, too.

      That’s what Kevin Caskey did with this home, and I commend him and Bill Clarkson for their hard work!