INV Ref – PRX2493 – Suncrest Capital Group

406 MEYER AVE

Updated Progress

04/22/25

The property remains actively listed on the market, though it is not under contract and no offers have been received yet. Recent open houses have drawn steady interest, averaging around 10 visitors per event. A realtor has been consulted regarding listing strategy, pricing, and staging to ensure the property is positioned competitively. If the property doesn’t sell as quickly as anticipated, a contingency plan is in place to adjust pricing slightly, keeping the momentum moving in the right direction.

03/27/25

The renovation at 406 Meyer has successfully reached completion, overcoming challenges with the GC who managed the kitchen and baths. Fortunately, the timing is excellent, as a similar home in the area recently went under contract within days, creating a promising outlook for this listing. Excitement is high as the property is set to go live tomorrow! Here’s the link to view the home:

(Zillow Listing).

03/18/25

Exciting milestones ahead! Staging is set for Monday, with the listing going live on the MLS by March 26. Next up, a Realtor Open House midweek, followed by a Public Open House on March 30. Everything’s coming together for a strong market debut!

03/06/25

The rehab is moving full speed ahead, and things are gearing up to hit the market! There’s a lot of activity happening over the next two days, and photos will be taken and sent by Monday. The plan is clear—staging is set for 3/24, followed by a final clean on 3/25. The listing will go live on 3/26, with an exciting Open House scheduled for Sunday, 3/30. Everything is on track, and no major issues or delays have popped up. Photos will be sent soon for sharing with the PML.

02/25/25

The property rehab is nearing completion, with an open house planned for March 23, 2025. Progress remains steady, and no significant issues or delays are expected. The project is slightly over budget but within a manageable range. Photos have been sent to Ralf for review and sharing with the PML. Everything is on track for a successful outcome.

01/20/25

The general contractor is expected to complete the work within the next 2-3 weeks. Once finished, painting will be scheduled to finalize the project. All inspections have been successfully passed, and the contractor is now focused on completing the finished work. The project remains within budget, and sufficient assets are available to cover any potential overages if needed. Progress continued over the weekend with the crew working on Saturday. A meeting is scheduled at the property on Monday, and photos will be shared afterward to showcase the latest updates.

12/16/24

The property rehabilitation is progressing steadily, with permits awaiting sign-off to ensure compliance before resuming further work. Cabinet installation is complete, the bathroom has been finalized, and interior painting has progressed, signaling substantial completion of key elements. Landscaping efforts are underway alongside work on multiple aspects of the property, demonstrating overall forward momentum. No significant issues or delays have been identified, and the budget remains on track. Next steps involve obtaining signoffs for plumbing, electrical, and framing permits to maintain progress. Photos of the property will be provided after a site visit later this week, ensuring detailed updates can be shared promptly.

11/19/24

A lot of great progress at the house. Landscaping is complete, and the new garage door is installed. The new cabinets, including those for the island, are also in place.

10/29/24

So far, cabinets and countertops have been installed, and appliances are scheduled to be put in tomorrow. The vanities are completed, and the kitchen should be finished by tomorrow. There are currently no issues or delays with the rehab. The next significant action will be to prepare to list the property. However, he anticipates being over budget by approximately $1,000. Additionally, he will send photos to both Ralf’s email and phone number to share with the PML.

10/18/24

He had done a lot on the outside. They have cleared the backyard to get it ready for the landscaping crew. In the inside they have torn out the flooring, old bath room, kitchen, and all the carpet. He said that at the end of the month the landscapers will be going in to finish the outside. They are expecting the cabinets to arrive by the beginning of next month (already ordered). They are waiting on permits to get some work started but they feel they should have that by the end of next week. They haven’t found anything out of the ordinary and at the present time they are not expecting delays with the rehab. They also added a new garage door.