Someone wants to make $2.2m on a home after a year in Wellesley. Is this not madness?

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funnylikesmart
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If you google it you can see they tore down and did a complete rebuild. So I mean, no based on that I can’t confidently say this is madness.

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Yes I found it as well. It’s not like someone renovated a kitchen and added $2M. It’s a total rebuild and 6k square ft!

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Was it a demo?

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Also - I mean I would love to make $2 mil in one year too, lol

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Hard to say without knowing what was done to the home. It didn’t appreciate that much in a year. Did they do a huge reno or addition?

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This is obviously a flip/probably bought by a developer and torn down and rebuilt.

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Come on, man. If it was bought for 1.5 a year ago it was a tear down. Use some common sense.

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lol

Inflation 🤷‍♂️

The fact that you don't understand the basics of real estate is madness. They rebuilt the place.

Home values have barely increased in MA compared to other states that aren't protesting invaders.

So remodeling jacks up the price by $2m? Smh you’re the one that has no clue how construction works

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