$1,500,000

As-is price

Purchase price

$260,235

Renovations

$2,200,000

Sales price

Resale price

$439,765

Profit

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Scope of work

New flooring, interior painting, bathrooms remodel, kitchen remodel, lighting enhancements, landscaping, garage enhancements, and staging.

Before & After

Summary

Harold R., a 93-year-old former developer, owned an unrenovated townhouse at 1903 Milano Way located in Mountain View, CA, that was originally built in 1983. With the guidance of Revive Property Advisor Bryten Hanson and Realtor John Woodruff from Aethos Real Estate, a renovation plan was executed with a budget of $260,235 that was fronted by Revive. Despite the property's initial value of $1,500,000, post-renovation, it sold for $2,200,000, yielding a profit of $439,765. This impressive turnaround resulted in an ROI of 168.99% and a 46.67% increase in commission. The project showcased the potential of revitalizing aging properties for substantial financial gains.