A three-sided deal.
That's how Bob Miglioratti, agent at ReMax Plus in Brighton, describes 2369 East Ave., a 7,000-square-foot brick colonial built in the 1930s, now refurbished to its original beauty with all of the modern conveniences.
Working with homeowner Gil Porter and contractor Dave Norbut, Miglioratti put together a real estate deal that would put the refurbished Brighton home on the market for $1.4 million.
"It's a signature property," Miglioratti said.
The home's owner approached Miglioratti about selling the property, either by knocking down the existing structure or to refurbish it. Once Miglioratti saw the details of the home, he knew it was a property that had to be renovated instead of torn down.
Norbut Construction in Henrietta partnered on the deal to refurbish the property. With a crew of about a dozen people, Norbut spent the past year and about $600,000 refurbishing the home, which was just completed this month.
The three-deal plan involved Norbut on the contracting end, Miglioratti handling the marketing and advertising and Porter as the homeowner paying for the property taxes on the home.
Though the home is assessed at $800,000, it needed a lot of TLC, said Norbut, president of Norbut Construction.
The flooring was plywood and many of the architectural details were missing, Norbut said.
Following the flow of the home, Norbut redesigned the floor plan, put in a new roof and gave the entire home an upgrade. He kept the intent of the original architects while updating the five-bedroom, six-bathroom home to today's standards, such as a large expanded kitchen, larger closets and new bathrooms.
"He stayed true to period," Miglioratti said.
One of the toughest details to replicate is a coffered ceiling over the kitchen and dining areas, Miglioratti said. But the detail was important in this home, as it is meant for the highest end of the market, clients who want every detail to be perfect, he said.
The home was originally built for Frank Thompson Ellison, who gave the 470 acre tract of land known as Ellison Park to Monroe County, along with other philanthropic gifts to the YWCA and the city of Rochester.
Three families have expressed some interest in the home, Miglioratti said.
When all is said and done, there will probably be very little profit when the home is sold, at least from the contractor's end, Norbut said.
He said he took on the project because he is personally passionate about restoring homes and couldn't resist an opportunity to refurbish this architectural gem.
A slideshow of the renovation process may be viewed on www.2369east avenue.com.
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