$1,000,000

As-is price

$141,960

Renovations

$1,325,000

Sales price

$183,040

Profit

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Scope of work

Flooring, baseboard & door trim, interior and exterior painting, fireplace enhancements, doors replacements, bathroom refresh, kitchen refresh, installed new kitchen fixtures & countertops, lighting enhancements, and garage enhancements.

Before & After's

Summary

Compass agents Patrick Lowell and Andrew, supported by Revive Property Advisor Jameson Hanson, partnered to sell 1709 Cottage Grove Ave in San Mateo, CA. The sellers sought to reduce their responsibilities by selling this fully paid-off rental property. Eyeing an October market listing, they relied heavily on their agents for renovation guidance. The property underwent extensive renovations totaling $141,960, fronted interest-free by Revive, and included flooring, kitchen and bathroom refreshes, fireplace and lighting enhancements, and garage improvements. These updates helped increase the property value from an as-is value of $1,000,000 to selling for $1,325,000. The sellers netted a profit of $183,040, resulting in an ROI of 128.94%, while their agents, Patrick and Andrew, also benefited from a 32.50% increase in commission.