Design devotee blogs about cities, innovation, architecture and green building.
Foreclosed but not forgotten: Green renovation firm revamps bank-owned properties
Community-focused eco-renovation firm Green Canopy Homes teams up with GMAC Mortgage to breathe new, green life into neglected, bank-owned properties across Seattle.
Wed, Oct 12, 2011 at 07:05 PM
Images: Green Canopy Homes
I must admit I’ve got myself quite the real estate crush on Green Canopy Homes
, a community-focused renovation firm out of Seattle that’s responsible for this month’s featured Evergreen home, The Sentinel
. Although I’m smitten with that property and other Green Canopy projects
that have been purchased in walkable Seattle neighborhoods, treated to intensive, energy-saving makeovers, and then put back on the market complete with nifty Buyer Benefit Packages, the firm’s most recently completed eco-flipping project
is a touch unique from the others.
Working in partnership GMAC Mortgage
, Green Canopy has begun to secure neglected, bank-owned homes and treat them to the same deep green makeovers (plus a little extra TLC) that they’ve been given to non-foreclosed properties. Annabel
, the first project to be completed as part of the blight-reversing pilot program, is a charming, three-bedroom Queen Anne-style Victorian most fittingly located atop Seattle’s Queen Anne Hill at 2422 6th
Boasting a Walk Score
of 86 and a detached two-car garage (if it’s even needed), this early 20th
century property had fallen into a state of disrepair as an REO property. Now, thanks to the handiwork of Green Canopy, the 1,520-square foot Annabel boasts new flooring and finishes throughout, dual-flush toilets, a fresh coat of low-VOC paint, vinyl insulated windows, and more. New insulation, a 90 percent efficient furnace with sealed ducts, and a high-efficiency ductless heat pump in the master bedroom have helped decrease the home’s Energy Performance Score
(think a miles per gallon rating but for homes) from 48,000 kW/h to 29,000 kW/h. Additionally, Green Canopy is targeting two Star Built Green
certification with this particular project. And the price? $489,000.
Says Aaron Fairchild, Green Canopy’s CEO, of his company’s eco-minded, community-strengthening approach to restoring and reselling bank-owned properties across Seattle: “It’s like making lemonade.”
to read an official press release (PDF) announcing this unique partnership between Green Canopy Homes and GMAC.
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.