19/03/2025
ANOTHER ONE IN THE BOOKS! West Seattle Flip is now complete :D Here’s some before/after photos, the overall breakdown of timeline/numbers, and learnings!
We got this property back in October 2024. The main appeal of the property was the MASSIVE backyard (corner lot with a massive backyard at 7,000 sqft). Our plan of attack on the property was to renovate/rehab the main house & then construct 2 new units in the back.
Purchase Price: $878,888
Total Renovation Costs: $140,947
Loan + Carrying Costs: $50,039
Total Project Cost: $1,069,874
Pre-Condo Estimated ARV: $1.15m
Post-Condo Estimated ARV: $950k
Before diving any deeper, I want to give a HUGE shout-out to my team on this project. did an incredible job project managing the rehab, was super meticulous about the rehab details & ensuring quality work, picked out the amazing finishes, and the rest of my internal / admin team helped keep everything on track in the backend. Couldn’t have done it without you all, thank you :)
Anyway, let’s talk timeline & then the upcoming strategy.
🏠 Project Timeline 🏠
11/2024: Property Acquired & Demo starts
12/2024: Discover rot in main bathroom, adding $5k to overall budget. Framing, Electrical Rough In, and Plumbing Rough In completed.
01/2025: Exterior painting completed, insulation + drywall completed, landscaping started. Exterior paint completed also.
02/2025: First coat of paint completed. Basement self leveling, flooring install, and basement bathroom prep complete. Kitchen cabinets installed. We got delayed by about a month due to interior/exterior door delays. Project is 90% complete by the end of this month.
03/2025: Tiles fully installed, plumbing & electrical finishes put in, additional layers of interior paint go on. Final landscaping + closet racks, closet doors, cabinet hardware, wall vents, floating shelves, door locks, shower glass, exterior door paints, handrails, and weather stripping all completed here.
Turns out I ran out of space on this post, so will add an additional comment for what’s next!