Off-Market Opportunity: Securing an Equity-Building Estate on Forest Street
Acquisition at $2.36M: Navigating an Off-Market Renovation Play
The Story: In a market as competitive as Wellesley, the most significant opportunities often happen before a "For Sale" sign ever hits the lawn. 141 Forest Street is a prime example of our team’s ability to source and secure high-value real estate through private channels.
We represented the buyers in this $2,360,000 off-market acquisition. By identifying this property early and negotiating directly, we secured the estate at a price point significantly under market value. This 4,700+ SF residence, set on a sprawling acre in the heart of Wellesley, serves as the perfect canvas for a comprehensive renovation. Our clients were able to bypass the bidding wars typical of Forest Street and focus their resources on transforming this classic property into a modern masterpiece.
The Strategy:
Exclusive Access: We leveraged our deep-rooted local network to identify a seller whose timing aligned perfectly with our buyers' goals, securing the property without it ever reaching the public market.
Investment Analysis: We provided a detailed "as-is" vs. "after-repair" value (ARV) analysis, ensuring our clients understood the massive equity potential available through a strategic renovation.
Renovation Consulting: Beyond the sale, we assisted our clients in visualizing the structural potential of the home, helping them assemble a team to execute a vision that will likely result in one of the most valuable homes on the street.
The Outcome: Securing 141 Forest Street for $2.36M was a major win for our clients in a neighborhood where finished homes of this scale often command significantly higher prices. This transaction reinforces our reputation for finding "hidden" value and providing our clients with a distinct advantage in the Wellesley luxury market.
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