Quick Flip

15 Gray Oaks Lane (off Alpine, off North) was purchased for $1.8 million in March, renovated and returned to the market 18 days ago at $2.695. Contract reported today.

Some substantial improvements/replacements were made, but the builder set the price, so presumably he knows what he put in and what he needs to take out to meet his profit goal.

This house was built in 1957; there are a lot of properties in town from that era, even if they aren’t currently for sale. There could be opportunities there.