317 Mason, San Antonio

Great flip

Stunning in design, this historic home is impeccably renovated yet preserved providing a chic, sophisticated retreat and day-to-day living in the desirable Government Hill. Beautifully restored original hardwood floors and exposed shiplap accent walls deliver prominence to the life and history of the home. A delight for the chef, the island kitchen features quartz and butcher block countertops, breakfast bar, stainless steel appliances, and custom cabinets. The versatile master retreat features a bold green barn door to the walk-in closet and en suite spa with tiled shower and dual vanity. The private backyard includes alley access and grassy area provides perfection for entertaining. Close proximity to major highways, local conveniences including 8 short blocks from the Pearl Brewery and other downtown attractions.

This project was an off-market property in San Antonio. The seller had lived at the home his entire life and was ready to sell. Macario went to the showing, liked what he saw and bid on the property. Even though he bid over the asking price, someone bid even higher than that and he lost the property. At least the first time…

For unknown reasons, the winning bidder eventually backed out of the deal (which happens more times than many inexperienced investors think). This allowed Macario to purchase the home.

He repaired, restored and rehabilitated the entire house on 317 Mason. Because it was an old home, he had plenty of work to accomplish. But because it was just outside the historic district and therefore wasn’t listed as a historic property, Macario could do just about anything he wanted to within code. That included installing a pink door “to give it a little more personality”.

The property was purchased for $181,300, the estimated CMA was $315,000, he invested $100,000 to make repairs and updates, and it was on the market for just 27 days before selling for $378,300.

Property Specifications:

Year Built: 1918
Purchase Price: $181,300
Estimated CMA: $315,000
Investor Rehab: $100,000
Sold: $378,300
Days on Market: 27

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