Home run, single, or whiff?

40 Jones Park Drive reincarnated

Darned if I know. 40 Jones Park Drive, Riverside, has just sold for $3.020 million. Its developer paid $2.2 million for this 1970 house in October 2018, expanded it from 3,600 sq. ft. to 5,000, completely redid it, and put it back up for sale this past April at $3.995. Was he counting on getting that $1.795 markup, or did he make out at just $820,000?

Again, I don’t know. I’m guessing he’s disappointed, but how disappointed, only his accountant knows for sure.

As originally presented

UPDATE: Post edited/revised to reflect my initial reading of selling price as $3.2 and not, as is the case, $3.020. Calculations of gross profit were amended accordingly. Here’s a link to the house as it was in 2018, just for comparison.