INV Ref – PRX4402 – Suncrest Capital Group

748 PINE HARBOR

Updated Progress

05/20/25

The property has been on the market for 30 days with no contract yet, though open houses continue, and interest has been steady. If it doesn’t sell soon, the plan is to reduce the price which he recently did, to help attract more serious buyers.

05/09/25

The property has received a few offers, though they were below expectations. In response, the price was reduced by $25K on the 25th to generate more interest. An open house is scheduled for this weekend, with hopes that it will lead to the property being placed under contract. The home is in excellent condition and located in an upscale neighborhood, making it an appealing option for potential buyers. Confidence remains high that the right buyer will be attracted soon.

Check the Listing here: https://www.zillow.com/homedetails/748-Pine-Harbor-Rd-Pell-City-AL-35128/172918_zpid/

04/17/25

The property officially hit the market last Saturday and interest is rolling in! Several offers have already come through, though nothing is under contract just yet. The projected ARV remains right on target, thanks to the quality of work shining through in every corner of the property. A solid game plan is in place with the realtor. Listing strategy, pricing, and staging details have all been nailed down, keeping the property positioned to stand out in this market. One thing to tighten up: no official contingency plan is in place yet if the property takes longer to sell. Take a look at the property listing here: https://www.zillow.com/homedetails/748-Pine-Harbor-Rd-Pell-City-AL-35128/172918_zpid/

03/17/25

The rehab progress is nearly complete, with final touch-ups and preparations underway. The entire house has been painted and touched up, with minor details being addressed using blue tape markers. A cleaner is scheduled to arrive soon, ensuring the home is pristine before listing. Touch-ups are planned for Monday through Wednesday, followed by the final coat on the hardwood floors. Photography is expected on Friday, with the listing likely going live next Wednesday. Homes in this neighborhood range from $1.3 million to $1.8 million per square foot, and this property will be competitively priced at $945,000 while boasting top-tier renovations. Custom features include a glass-enclosed shower and built-in closets, enhancing its appeal. Some light exterior cleaning remains due to recent storms, and minor fence repairs are scheduled for tomorrow. With breathtaking views, a fully revamped interior, and a cleaned-up outdoor area, the home is in excellent condition. Approximately 12 workers will be on-site early in the week to finalize details, ensuring a polished finish. The decision to delay listing was strategic to align with market demand for waterfront homes. With only a day or two of touch-ups remaining, this property is on track for a successful market debut next week.

03/06/25

The 748 Pine Harbor Rd property is also expected to be listed in two weeks. Final clean-out and touch-up are being completed to ensure it’s market-ready. A site visit will be conducted in the morning to monitor progress. Updates, including videos, will be provided soon. Meetings with the team have coordinated the remaining tasks, ensuring everything stays on schedule for a timely launch.

02/18/25

The property rehab is almost complete, with the exception of a cabinet that was ordered in the wrong size, which is expected to arrive soon. Despite this minor setback, the project is on track and should be fine moving forward. The next significant action involves installing the countertop and completing the remaining tasks. The project is slightly over budget, but not by a significant amount. Photos will be shared with the PML once everything is finished.

02/07/25

The property rehab is progressing well, with most work completed and the kitchen scheduled for completion by Monday. A key milestone includes the finalization of the kitchen by this weekend. While there was a slight delay with the cabinets, the issue has been resolved, and everything is on track. The next significant step is preparing the property for the market. The project remains within budget, and photos will be shared once the rehab is fully finished.

01/10/25

The project is currently 60% complete, with key milestones achieved, including the approval of the boat tack permit. There are no issues or delays to report at this time. The next significant action will be the installation of cabinets. The project is progressing on budget, and photos of the property are available to share. In terms of future plans, the property is expected to be listed for sale on the market once the rehab is completed.

12/11/24

The property rehab is progressing smoothly with significant milestones already achieved. The demolition phase has been successfully completed, and the property has been fully rewired. Currently, the installation of all-new drywall is underway, marking steady progress. Overall, approximately 40% of the rehab has been completed, with expectations to reach 100% by the next weekend. There are no reported issues or delays, and everything remains on track. The next significant step involves finishing the drywall process, which is anticipated to proceed efficiently. Additionally, the project remains under budget, demonstrating effective cost management. Photos of the property will be shared shortly to provide further updates.