We know it's unrecognizable, but we promise - the before and after pictures are of the same home! Or at least the same lot... This home was taken down to the studs, the floor plan completely rearranged to add a master suite and garage. The borrower picked out pristine finishes and did an exceptional job on the design of the home. In fact, the home received a full price offer of $419,000 within 12 hours of being listed! In the end, due to the arguably-low appraised value, the final end sale price was renegotiated to $409,500. Nonetheless, this flip was a definite jaw-dropper. 

Acquisition Loan Amount: $159,000
Construction Budget: $100,000
Construction Draw Allowance: $86,000
Cost of Loan (approximate): $18,500
Loan Length (approximate): 8 months

Purchase Price: $205,000
End Sale Price: $409,500

Location: 24th Street & Osborn Rd. (Phoenix, AZ)