1349 Lockhaven Dr

Updated Progress

Date: 03/06/2025

The property is still listed on the market, with ongoing efforts to attract buyers and ensure a smooth closing once the right offer is secured. Updates will be provided as progress continues.

Date: 02/20/2025

The property is fully completed and has been on the market for over a month, awaiting sale. While some delays occurred during the rehab process, all necessary improvements have been made. Budget expectations were exceeded by more than $20K, but the final result is a fully finished property ready for its next owner.

Date: 01/06/2025

With an additional $29,000 allocated for rehabilitation costs beyond the initial Scope of Work (SOW). These expenses addressed critical items identified after the initial assessment. To ensure the project’s quality and timely completion, another contractor was engaged, which, while adding to the timeline and expenses, has resulted in improvements expected to enhance the property’s market value and appeal. Appreciation is extended for the continued patience and trust throughout this process.

Date: 01/02/2025

The property rehabilitation has reached a significant milestone with the completion of all necessary work as of yesterday. The property is on track to be listed on the market today or tomorrow, marking a critical step toward its sale. Despite minor weather-related delays, progress has remained steady, and the project continues to stay within the allocated budget. The next significant action is listing the property for sale, which will position it for potential buyers. Photos of the completed property are ready to be shared for updates and review. The overall progress reflects efficient management and adherence to the project timeline.

Date: 12/2/2024

The property is progressing well and will be officially listed this week. Listing photos are already completed, with minor outdoor touch-ups expected to be finished today. Key milestones include finalizing the listing process, and there have been no issues or delays in the rehab. The next major step is listing the property and moving toward its sale. While the project is slightly over budget by $20,000, all efforts remain focused on delivering a successful outcome. Photos will be shared for PML updates.

Date: 11/4/2024

The project is nearly complete, with only one week remaining until finalization and the finishing touches being addressed. The outside landscaping is 90% complete, contributing to the overall aesthetic of the property. Key milestones have been achieved, as the house is now 95% finished. However, there have been several delays, primarily due to the replacement of essential items such as floors, walls, and the HVAC system. Additionally, the exterior wood required replacement because of rot, and the siding was in such poor condition that it necessitated a full replacement rather than painting.

The next significant action is to put the property up for sale. Unfortunately, she is currently over budget, spending approximately $10,000 to $15,000 above the planned amount. To keep the team informed, she will send photos of the progress to Ralf’s email for sharing with the PML.

Date: 10/16/24

Regarding the property rehab progress, the project is expected to be completed by the end of this month. Key milestones are nearly finished, with most of the work almost done. However, there have been some issues, including the need to replace a significant amount of rotten wood, and the HVAC system did not arrive on time, which has caused delays. Once the rehab is complete, the next significant action will be to list the property for sale. In terms of budget, the situation is semi-unfavorable due to these delays. Photos will be provided, but it’s worth noting that she has already sent some to you through your phone number.