Unfortunately, I didn’t take a true “before” picture showing the overall true ugliness. The walls (and ceiling, I might add) were all painted the same realtor’s beige, and the floor completely covered in cheap (and chipping), cold, ceramic tile (any alliteration unintentional). The picture below shows the furniture moved, shoe mold removed, and the beginning of the cork flooring.
About the cork: engineered, non-glue down (“floating”), approximately 12×36, $3.80/sf from Lumber Liquidators. It takes a bit of careful tapping with a hammer to get each tile into place, but overall installation went fairly quickly because of the big tiles. LL did discontinue one line of cork mid-project (it’s a slightly different pattern, dimension, and shade of brown), and with their decidedly ungenerous return policy, we’ll install the mismatch in a less prominent room that will likely be covered in area rugs. Apparently, there is no official repair for gouges, but this is one floor which is most forgiving for that kind of thing. And yes, it literally warms up the basement, making it so much more inviting, which was our goal!

About the paint: Benjamin Moore Poolside Blue, Aura, eggshell finish. Love BM’s Aura – pretty close to a one-coat paint + primer, as advertised. Pricey, but worth it! ($80/gallon, as I recall.) I was looking for a Mad Men/50s vintage color, to go along with the era of our house. One funny thing is that it’s the perfect backdrop to our aquarium against the wall (upper picture, on the right)!
Next goal for this room: repair the chimney, and getting it working for next winter.
Other goals: paint the brick, replace the lighting, get a big flat panel tv (we did just get Roku, and love it!), and eventually paint the ceiling white (instead of beige).