Case study: BUTTERNUT PLACE
purchase Price
$280,000
Sale Price
$389,000
Investor ROI
28%
Property Overview
1407 bUTTERNUT pLACE
Cedar Park, TX 78613| 1,500 sqft | 3 BD | 2 BA
Located in one Austin’s fastest growing suburbs, this single-family home was the ideal canvas for a transformation. Though the initial condition of the property was poor, the competitive purchase price compared to the neighborhood’s median sale price insured a healthy margin relative to the project scope.
The remodel for this project focused on transforming a dated property into a fresh, move-in-ready home through smart, efficient updates. The flooring was replaced throughout, both bathrooms and the kitchen were fully modernized, and the entire interior and exterior received new paint for a clean, cohesive finish.
The Strategy
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ARV Potential — At $280,000 purchase price and an area median sale price in the the 380s, there was strong potential relative to the project scope.
Neighborhood — The neighborhood’s quiet setting and established character made it an attractive investment opportunity. Moreover, it’s proximity to schools, shopping, and dining increased the properties sale potential.
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Area — Located in a highly desirable area with historically short on-market times, ensuring strong buyer demand.
Market Conditions — At the time remained positive, supporting steady resale activity and confidence in the investment.
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Material Efficiency — Strategically selected design materials to align with the home’s price point balanced quality and cost efficiency. This was ideal for a budget-conscious renovation and budget-conscious buyers.
Large Backyard — The large, open backyard offered an uncommon advantage for the neighborhood and a major draw for buyers.
Ideal Layout — The simple, functional layout offered flexibility for modern design improvements without major structural changes.
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Poor Initial Condition — While the cosmetic work was significant, thorough inspection revealed strong bones, allowing Bloom to focus on upgrades that maximized value rather than major repairs.
renovation process
Scope of Work
Full Remodel
- Full Kitchen + Appliances
- Flooring
- Full Bathroom Remodel
- Interior + Exterior Paint
Timeline Breakdown
Purchase
Demolition
Renovation
Pre-Market
On-Market
Sell
Budget Breakdown
Renovation Budget: $50,000
Renovation Cost: $50,000
Financial Breakdown
Acquisition
Purchase: $280,000
Acquisition Closing: $5,000
Renovation
Budget:$50,000
Actual: $50,000
Sale Costs
Holding Cost: $6,000
Commission on Sale: $23,340
Staging$0
Sale & Closing
Sale Price: $389,000
Closing Costs: $4,500
Days on Market: 59
Area Avg. DOM: 77
Profits & ROI
Net Profit: $23,340
Investor ROI: 28%
Property Value Increase: 39%
Investor Breakdown
Investor Contribution
$25,000
Final
returns
+$7,056
