$1,000,000

As-is price

Purchase price

$397,300

Renovations

$1,750,000

Sales price

Resale price

$352,700

Profit

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Scope of work

Flooring, roof repair, interior & exterior painting, fireplace enhancement, drywall replacement, patio & entryway deck enhancement, bathroom refresh, kitchen remodel, lighting enhancement, and backyard softscaping.

Before & After

Summary

Nestled at 579 Radnor Rd, Oakland, CA 94606, this property posed a unique situation for Property Advisor Jon Salas and Agent Julia Akoteu, working under Real Estate Experts. The property was inherited by the sellers, held in trust, and without any outstanding mortgage. The sellers had relocated to Hawaii and sought to secure a successful and profitable sale of the property. To meet this challenge, the real estate team implemented a strategic plan that included renovations worth $397,300. The investment proved to be highly beneficial, as the property was listed and sold for an impressive $1,750,000. This successful venture generated a significant profit of $352,700. The team's commendable efforts were further rewarded with a 75.00% increase in commission. The final ROI for this endeavor reached a remarkable 88.77%. The achievement exemplified the team's ability to effectively handle properties with unique circumstances and turn them into highly successful ventures.