Project: 1910 Mushroom Lane, Poulsbo, WAProject Summary
Bedrooms 3
Bathrooms 2
Sq Footage 2172
Lot Size .8 acres
Year Built 1977
Sale Type REO
Purchase Price $134,315
Estimated After Repair Value $255,000

DESCRIPTION

This property was on the market as a HUD REO property. It was in descent condition needing paint, roof, flooring and new appliances, overgrown yard and in need of a full interior and exterior makeover.

 

Purchase Price: $134,315
Purchase Closing Costs: $938
Total Acquisiton Costs: $135,253
Cleaning: $300
Staging Service $1600
Holding Costs: $9,818
Renovation Costs: $49,046
Subtotal: $60,765
Total Expenses: $196018
Sales Price: $249,000
Sales/Closing Costs: -$21,695
Less Total Expenses: -$196,0186
Net Profit: $31,287
PROJECT DETAILS:
Purchase Date June 16, 2011
Renovation Complete July 15, 2012
Closing Date August 20, 2012
Total Project Time 64 days