Windermere Ave, Menlo Park, CA 94025
Date Funded:
10/25/2019
Type:
SFH Rehab
Sold Price:
$ 1,200,000.00
Windermere Ave, Menlo Park,
CA 94025
Come and look at this bright and spacious newly remodeled 3 bedroom 2 bathhouse. The Bella Heaven charming home also provides a permitted ~200 sqft enclosed patio/sunroom. This fully remodeled home features a modern open floor plan, a white kitchen with stainless steel appliances, a new water heater, a wall furnace, plumbing, Upgraded electricity and panels, New recess lights, New doors and much more. All jobs were done with a permit!!! The county record still shows a non-updated record of 2 bedrooms and 1 bathroom. Close to shopping, transportation, and school!! Why pay rent while the mortgage rate is so low?
PROJECT AT GLANCE
Purchase Price
Sold Price
$ 865,000.00
$1,200,000.00
About the Project
Vallejo is a waterfront city in Solano County, California, located in the North Bay sub-region of the San Francisco Bay Area. Vallejo is geographically the closest North Bay city to the inner East Bay, so it is sometimes associated with that region. Its population was 115,942 at the 2010 census. It is the tenth most populous city in the San Francisco Bay Area, and the largest in Solano County.
BEFORE
AFTER
Obstacles
The most challenging aspect was determining how to highlight the house's attractiveness in addition to making it more elegant and captivating. A driveway was repaired, a modern design front door was designed and built with a matching backyard fence, the garage door was repaired with a more standard configuration, and a sturdy wall reconstruction with a classic white highlight was applied for aesthetic purposes.
What was improved?
1
Upgraded Kitchen
With modern quartz countertops and stainless steel appliances
3
New Garage Door
With a more modern design to compliment the cream exterior paint and white interior accent.
2
Modern Bathrooms
With modern vanity, toilet, and an attractive tile surround on the shower
4
Improved Curb Appeal
Built a garage and added a modern style front door with a matching minimalist design.
Outcome
SALA Investment put $xx,xxx.xx down and paid $xx,xxx.xx in interest expense, totaling approximately $xx,xxx.xx out of pocket. Net proceeds from the sale after discounting realtor commissions and closings cost were approximately $xx,xxx, or a little over xx% return on investment in less than xx months.
Conclusion
The hardest part about rehabbing these days is finding properties. My realtor found this property on MLS, but that meant we were in competition with many other investors. In the end, the seller chose to accept our offer because SALA Investment provided a strong pre-approval letter and was able to close in a matter of days.
Project Highlights:
-
Complete rehab in just over x months.
-
Property went pending in x days and closed in xx days.
SALA Investment is proud to put our extensive industry expertise and outstanding reputation to work for our investors. Helping you reach one step closer to your goals.
Project Summary
$ 865,000.00
$1,200,000.00
$343,649.09
Purchase Price
Sales Price
Value Created