$1,300,000

As-is price

Purchase price

$397,992

Renovations

$2,200,000

Sales price

Resale price

$502,008

Profit

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Scope of work

New flooring, baseboard & trim, interior & exterior painting, garage enhancement, fireplace enhancement, open concept-demo wall, kitchen remodel, bathroom refresh, and lightings,

Before & After

Summary

Located at 330 Pala Ave, Piedmont, CA 94611, this property held unique sentimental value for the client. The property, owned by a trust, had not seen any updates over the years. However, with the passing of the elderly parents, the client sought to sell the property quickly. Property Advisor Jon Salas and Agent Pamela Strike Fullerton, operating under KW Advisors, rose to the challenge. The initial as-is value of the property was $1,300,000. The team formulated a strategy that emphasized speed and efficiency while undertaking renovations worth $397,992. The result was truly outstanding, with the property being listed and sold for an impressive $2,200,000. This successful endeavor yielded an impressive profit of $502,008. In addition to this remarkable outcome, the increased commission for the real estate team reached a notable 69.23%. The project's ROI stood at an exceptional 126.14%. The achievement was even more meaningful, considering the emotional connection the client had with the property.