Project: 8185 View Ridge Lane, Poulsbo, WA
Bedrooms 3
Bathrooms 2.5
Sq Footage 1951
Lot Size .26 acres
Year Built 1979
Sale Type REO
Purchase Price $135,000
Estimated After Repair Value $265,000


This property was on the market as an REO property. It was in poor condition with a large hole in the roof from a downed tree with mold, overgrown yard and in need of a full interior and exterior makeover.


Purchase Price: $135,000
Purchase Closing Costs: $841
Total Acquisiton Costs: $135,841
Cleaning: $200
Staging Service $500
Holding Costs: $1,614
Renovation Costs: $65,861
Subtotal: $68,175
Total Expenses: $204,016
Sales Price: $262,626
Sales/Closing Costs: -$26,307
Less Total Expenses: -$204,016
Net Profit: $32,303
Purchase Date July 20, 2010
Renovation Complete August. 31, 2010
Closing Date October 28, 2010
Total Project Time 98 days

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