$3,000,000

As-is price

$142,964

Renovations

$3,250,009

Sales price

$107,045

Profit

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Scope of work

Roof replacement, interior and exterior painting - all throughout

Before & After's

Summary

Co-managed by Revive Property Advisor Amanda Steele and agent Michelle Englert of Compass and former Compass agent Cheryl Heyermann, 13 Sleepy Hollow Dr in Carmel Valley, CA, had a unique heritage as the home of a former member of The Monkees band from the 1970s. Facing family disputes and a lack of funds for necessary repairs, the home, despite its stunning 360-degree views and prime location, required urgent attention and a new roof. Revive navigated these challenges, investing $142,964 interest-free, which included a roof replacement and extensive interior and exterior painting. Originally valued at $3,000,000, their efforts raised the property’s value to $3,250,009. This approach yielded a net profit of $107,045 for the sellers and an ROI of 74.88%, alongside an 8.33% increase in commission for the agents. The success of this project not only resolved the family's financial concerns but also honored the property's unique legacy, demonstrating the power of targeted renovations and the determination of two talented agents.