Showing posts with label inexpensive real estate investments. Show all posts
Showing posts with label inexpensive real estate investments. Show all posts

REHAB AND REMODELING COSTS FOR THE 4,800 SQ FT BUILDING REQUIRING REHAB AND REMODEL ON LOTS 15 & 16 AND LOT 7 IN BLOCK 33, PLAT 5 EAGLE BAY SUBDIVISION

            Remodel Construction Cost Estimate PHASE I Eagle Bay

Large Lake House Remodel 28336 Paperwood Drive


Purchased in November 2011 for Cash

November 2023 -$37,000 business related Commercial real estate loan


Recent BPO showed a sales market value of $410,000 current value















4800 Sq ft Lake Home - Foundation: Slab on Grade - Location: 78 mile marker of Lake of the Ozarks in Benton County, MO


As Finished Version: 4 Bdrm 3 ba  2-story


Garage:  (current 1 car)

Planned Addition of an attached 2-door (1- 10 ft & 1- 14 ft) RV Garage (Shouse) to enhance value of appraisal and appeal to more buyers if needed for exit strategy                           


INDIRECT CONSTRUCTION COSTS


COST

NOTES

Bldg Permits/Fees

$0.00

Sewer Tap N/A Impact Fee N/A

Benton County Permit 

Attorney Fee

      0.00


Architect Plans and Specs

  1,493

Blue Print Copies

Structural Engineering

      400


Wastewater Treatment Inspection 

      250


Construction Insurance

      1,850


Supervision/Overhead

7,000

Sierra Construction

Temporary Power

    0.00


Water Well Inspection

      200


TOTAL

11,193



EXCAVATION/SITE WORK

Foundation Pad Const.

Included 


Finish Grading

Included


Backfill

Included


Wastewater Treatment

installed 1998 good condition

Already in Place

Electric Trench

Included


Drain Tile and Gravel

N/A


Rock Removal

N/A


Misc. Hauling

N/A


Grinder Pump

Included


TOTAL

0.00




INTERIOR CARPENTRY

Interior Framing Lumber Material2,200Sierra Construction



Interior Framing Labor


3,226Sierra Construction

Crane Service

N/A


Windows & Screens

1,926


Skylights

N/A


Exterior Doors

Included


Garage Doors

N/A


Garage Openers

N/A


Deck, Porch Labor

N/A


Deck, Porch Materials

N/A


Steel Beams and Posts

N/A


Vinyl Siding

N/A


TOTAL

7,352



PLUMBING

Ground Rough

N/A


Rough Plumbing

2,126


Finish

  895


Fixtures

Included


Other

N/A


TOTAL

3,021



HVAC

Rough In

NA


Finish

NA


Other

N/A


TOTAL

0.00



ELECTRICAL

Rough Electrical

  821


Finish Electrical

  568


Fixtures

1,106


Other

N/A


TOTAL

2,495



One New Master Bath

Downstairs New Master bdrm

$10,000


Wall & Attic Insulation

N/A


Other

N/A


TOTAL

$10,000



One New "Hollwood Bath" for the 2400 sq ft 2nd story.


Upstairs Shared Bathroom

Was not finished out


TOTAL

10,000



FINISH CARPENTRY

Trim Material

2,200


Interior Doors & Exterior

Included in Trim Material


Moldings/stair rail/columns

N/A


Finish Carpentry

2,021


Fireplace Equipment

0.00


Hearth and Mantel

N/A


Closet Organizers

Included in Trim Material


Finish Hardware

1,022


Spindles

N/A


Other

N/A


TOTAL

5,243




PAINTING

Interior Painting

3,817


Exterior Painting 

N/A


Other

N/A


TOTAL

3,817



FLOORING

Floor Tile Material

N/A


Floor Tile Labor incl.

N/A


Carpet Material

8,701


Carpet Labor

Included


Hardwood Floor Material

N/A


Hardwood Floor Labor

N/A


Viny Flooring&Labor

2,800


TOTAL

11,501



MIRRORS AND GLASS

Shower Doors

920


Mirrors

760


TOTAL

1,680



LANDSCAPING

Fill and Topsoil

N/A


Nature Landscaping

1,000


Plant Materials

  700


Plant Materials Labor

  300


TOTAL

2,000



CABINET, COUNTER AND APPLIANCE

Kitchen Cabinets

5,660


Vanity Cabinets

Included


Kitchen Tops

3,100


Vanity Tops

390


Kitchen Appliances

$9,200


TOTAL

18,350



MISCELLANEOUS

Silt Fence

N/A


Mail Collection Box

N/A


Final Cleaning

500


Construction Cleanup

500




TOTAL

1,000



TOTAL COST OF CONSTRUCTION

2 Lot Costs Lots 15-16

 25,000 Paid by Borrower

Boulevard purchased

CURRENT LOANS

 37,000 Nov 2023

REMODEL COST:    

$94,652 Total LoanReplacement Value  $624,000

Value before Remodel


Value After Remodel


Sell in 90 days TOTAL



$410,000 (incl. two lots)


$600,000 (incl two lots)


$500,000





Estimated Cost Total Rehab of Eagle Bay Original House on Lot 7


Property Address  27682 Timberwood Trail Lincoln, Missouri 65338  (Adjacent Large house)

 Current 480 sq ft  When Finished  600 sq ft (full bath & office additions)








Description

Scheduled Cost



Actual Cost

Sub

Closing Costs

N/A



TBD

Pinnacle

Attorney Fee

0.00



TBD

Elizabeth Marr

Insurance

  700



TBD

Turner

Architect

  0.00



TBD

Gerald Ford

Survey/Engineer

  500.



TBD

Borden/Sullivan

Permits

  0.00



N/A


Excavation

  200.00



TBD

SLS & Blvd

Gravel

  300.00



TBD

Barber & Sons

Footings/Foundation

  700 (bathroom)



TBD

Strate & SLS

Concrete

 2,000



TBD

Whistle

Lumber

6,000



TBD

McCray & Owen

Rough In

6,500



TBD

John Palomo

Windows

2,500



TBD

McCray

Roofing

4,800



TBD

Owensby

Plumbing Rough In

3,500



TBD

Strate

Electrical Rough In

3,000



TBD

Jess & Moyer

HVAC

4,000



TBD

Comfort Systems

Insulation

1,000



TBD

Owen

Drywall

5,600



TBD

Boulevard

Trim/Millwork

3,400



TBD

McCray

Cabinets/Tops

4,500



TBD

McCray

Garage Door

0.00



0.00

Roll Rite

Finish Carpentry

  800



TBD


Painting

2,500



TBD


Steel Siding

0.00



TBD

Heartland Stucco

Flooring

3,400



TBD


Gutters

  500



TBD

James Stewart

First Clean

  280





Electrical Finish

2,000



  TBD


Hardware

1,000



  TBD


Shower/Mirrors

1,000





Vanity Tops

 1,500





Appliances

6,500





Final Grade

  200





Landscaping

  500





Final Clean

  250

$74,33074,330

Blvd

Lot Cost

Misc 

  <15,000>

Paid by Borrower

15,000 paid

Boulevard













Utilities

500

500

West Central

Temporary Power

275




West Central

Interest

3000




Pinnacle

Supervision/Overhead

4,000




Sierra

Total

82,105

82,105


             


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