Huntington Renovation (4 Bedroom, 2 Bath Home in Tempe, AZ)

Profile

• 4 bedroom, 2 bathroom, 1,900+ square foot, single-family detached home.
• Located at 233 E Huntington Road in Tempe, Arizona close to the major cross streets of College and Southern.
• Purchased for $230,000 (apprx $120 p/sf).
• Renovation costs are $50,000.
• Fair market value after renovations is $380,000 (approx $200 p/sf).
• Profit is $100,000.

Renovations

• Floor plan was modified to open and expand the living room, kitchen, dining and family rooms.
• Kitchen was upgraded with new cabinets, granite countertops, stainless steel appliances, and recessed lighting.
• Ceiling was raised by relocating the heating and air conditioning duct system into the attic.
• Shared bathroom was modified for two pedestal sinks, enlarged bathtub, and an enclosed toilet (sliding door).
• Master bathroon was upgraded with enclosed clear glass and stone tile shower, glass block windows.
• Stone tile flooring and new carpeting in 4 bedrooms.

Appraisals

• $250,000 Appraisal Prior to Renovation (June 2006).
• $395,000 Appraisal After the Renovation (Sept 2007).
• $400,000 Analysis by Leah Touher, Real Estate Agent.

Rental

• Rooms for Rent Flyer
• Month to Month Rental Agreement & Application

Construction Photos (BEFORE the Renovation)

      Click on any image to enlarge



Construction Photos (AFTER the Renovation)

      Click on any image to enlarge