Is it really worth it to empty out and polish your bomb shelter before you put your home on the market? Here’s some compelling evidence that it is. The property on Jackwood St. in Meyerland with the bomb-shelter-turned-subterraneanÂ man caveÂ featured last August on Swamplot sold late the following month for $330,000. But the buyers wasted no time in working a profitable flip. Clearing out the La-Z-Boy, beer bottles, Wendy’s soda cups, bunny figurines, and other memorabilia from the underground domed space resulted in a cleaner listing and a much higher sale price last month: $503,700, marked down from a $515K asking price and locked up only a week or so after the April listing. That’s an explosive increase of $173,700, or more than 50 percent, over the purchase price, in less than your typical real estate half-life.
Of course, a few things affecting home prices may have been going in the outside world while the buyers were busily scrubbing the walls of their underground lair. Though they did make a few other changes to the house as well:
Paneling,Â for example, remained the rule in many of the open floor plan’s common areas. But some of the flooring gained grain-fed treatments (above).Â Here’s the same living space in its snowy blanket of carpet before its redo:
The kitchen exhibited the biggest change . . .
from its previous form:
- 5102 Jackwood St.Â [HAR; previous listing]
- Previously on Swamplot: A Meyerland Mod With Something to Hide [HAR]