If you’ve ever watched Bravo’s real estate docu-series “Flipping Out,” then you’re familiar with America’s most neurotic flipper — Jeff Lewis. Although flipping — buying a home, fixing it up a bit and reselling for a profit — has slowed down a great deal, Lewis’ show gives us a front-row seat to the stresses and anxiety that surround the business of flipping a home.
One of Lewis’ flip projects at 5731 Valley Oak Dr, Los Angeles, CA, is back on the market after making its first for-sale appearance in April 2008. Lewis purchased the home in March 2007 for $1,710,000, fixed it up, then listed it on the market in 2008 for $3,195,000. And, as you can see by Zillow’s price history chart below, the home’s for-sale price bounced around a bit, but has now settled squarely on $2,495,000:
Lewis’ Valley Oak home is a good representation of his style: an open floor plan, clean lines, tasteful decor and high-quality materials. This 3,024 sq ft home is in a gated cul de sac and has four bedrooms, three bathrooms and a chef’s kitchen with Viking range, custom cabinetry, built-in Miele coffee maker, Bosch dishwasher, SubZero refrigerator and wine fridge and oversized pantry.
It also features two master suites (yes, there is a trend for two master bedrooms), and the two additional bedrooms have Ann Sacks tile and custom cabinetry. See photos of the Valley Oak property, courtesy Hooked on Houses.
Flipping Out airs Tuesdays at 9 p.m. Tune in!
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