Notable sales / residential

1519 Washington St, Hollywood, FL 33020

A Hollywood home, bought and renovated by its agent. It sold to a buyer who never saw it.

By Oleg SergiienkoSunSt Real EstateMarch 2022
The deal
Closed price
$810,000
Living area
-
Price per SF
-
Year built
1955
Property type
Single-Family Home
County
Broward
Closed
March 2022

The broker held a personal ownership interest in this property and acted as both principal and licensed real estate broker. This interest was disclosed to all parties.

1519 Washington St, Hollywood, FL 33020
1519 Washington St, Hollywood, FL 33020, Hollywood, Broward County.SunSt Real Estate

A Hollywood home, bought and renovated by its agent. It sold to a buyer who never saw it.

Two things had to succeed here. The renovation, and the presentation. Oleg Sergiienko acquired this Hollywood home as a principal for approximately $485,000. He renovated it. Roughly a year and a half later, he sold it for a recorded price of $810,000. The gross price increase was $325,000, or about 67 percent; that figure does not deduct costs for the renovation, carrying, financing, or the transaction itself. The second part of the story is how the home sold. The eventual buyer never toured the property in person. Professional photography, video, and floor plans, combined with a structured remote process that included inspections coordinated on the buyer's behalf and documents executed from a distance, made the finished product legible enough to buy from a screen. This does not mean showings are obsolete. It means a verifiable renovation and a complete digital presentation can carry a transaction when a buyer cannot be there. Oleg acted as both owner and licensed broker, and this interest was disclosed to all parties.

The renovation created the value. The presentation made that value understandable to a buyer who never set foot inside.

SunSt Real Estate
The property
Questions

The renovation created the value. The presentation made that value understandable to a buyer who never set foot inside.

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