Estherville’s housing renaissance hits the private sector
Not only is Estherville embarking on a low-income housing rehabilitation project thanks to a grant awarded this year. At least one area business is finding value in rehabilitating and selling city properties.
Perry Russell and Don Edwards have buying and fixing up properties in Estherville for resale. They sold three homes last year and have finished another three that are for sale again this year.
“We’re looking at any way we can to spark interest in the houses and the housing market,” Russell said.
While his partnership with Edwards is relatively recent, Russell on his own has been buying properties since the late 1990s and revamping and selling them.
“As may houses in this town that need to be remodeled, we thought it would be a good thing to do,” Russell said.
Homes sold to date range in price from the mid-30s to upper 60s. Russell and Edwards now have homes or sale in the range of the 50s to $98,000.
When rehabilitating, they do the roof, windows, plumbing, heating and flooring.
‘That’s all updated using the local contractors,” Russell said.
A big reason they’re doing it is to improve the appearance of Estherville. “It gives a little bit of community pride,” Russell said.
For further information on any properties for sale, call Russell at 330-6804.