By Dave Enscoe, Advertising Department
Kimberly Donahue's 1960s era house in Galloway isn't what it used to be – it's better than it used to be. Donahue, a broker associate with Prudential Diversified Realty, bought the dated, three-bedroom ranch this past December. Today, following a two-month makeover, the house is back on the market, listed for $199,900. But Donahue doesn't consider herself a house flipper.
"I'm a recycler," she says. "I buy distressed properties, mostly foreclosures, short sales and estates, and recycle them. I bring the property up to as new and maintenance free as possible. I try to keep the price affordable, bringing it in a little below market price. I also work with a lot of programs that offer state and county subsidies or 100 percent financing."
The house in Galloway now features a freshly painted exterior and interior, new hickory engineered floors throughout, new doors and hardware, and new moldings, light fixtures and ceiling fans. Donahue is currently putting the finishing touches on the new eat-in kitchen, adding stainless steel appliances, new counters and cabinets.
"It's not new construction, but it's the next best thing," she says. "It's the mid option between a resale and new construction."
Built in 1967, the house sits well back from East Arbutus Avenue on a partially wooded lot 108-feet wide and 225-feet deep. It's located in a quiet suburban neighborhood a couple of blocks from the border of Absecon. Children attend Galloway Township elementary schools and Absegami High School.
From a covered porch, the front door opens directly into a living room which features a bayed window and a wood-burning fireplace with a floor-to-ceiling brick chimney that takes up an entire wall. Donahue added the new mantel. Sliding glass doors in the kitchen lead to a concrete patio. Off the kitchen is a spacious laundry room with a new washer and dryer and a ceramic tile floor that has access to an attached one-car garage.
Donahue, who acts as her own general contractor, added a door in the master bedroom to provide a second entrance to the refurbished hall bathroom, which now features granite topped vanities and tile backsplashes and floors. The master bedroom also includes a bonus room that could be used as an office, sitting room, or exercise room. Two sets of pull-down steps lead to a storage attic. The house is heated with forced air natural gas and has a new central air conditioning system.
"When it's finished it will be in move-in condition, Donahue says. "Buyers like to be able to come in and see that everything is done."
Because the house is located in Galloway it qualifies for a USDA Rural Housing program that offers 100 percent financing, according to Donahue. "I'm also a big advocate of veterans using their VA benefits to purchase my homes," she says.
Donahue buys and renovates most of her homes in Atlantic County. She says her properties typically sell quickly.
"As a real estate broker I know what makes a house attractive to a buyer," she says.
Among the prospective buyers who have toured the house are Dan and Joy Harper, who have two teen-age children and currently live in Brigantine. Dan, a Marine Corps veteran who served 16 years on the Pleasantville police force, has already bought one house with a VA loan. Now he's looking to buy another.
"We don't have to put anything down and there's no PMI (mortgage insurance)," he says.
For more information on this property call Kimberly Donahue, broker associate, Prudential Diversified Realty, 609-214-9519.
Where: Galloway Township
Style: 3-bedroom, 1-bath ranch
Taxes (2013) $4,269