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Summary Pro Forma
SINGLE LISTING
Knollwood Drive, 78731
Property Type: Duplex
Appraisal Value: $198 / SF
Listing Price: $620,000
Sale Price $605,000
CONDO REGIME
Knollwood Drive, 78731
Condo Conversion: $10,000
Construction Budget: $18,000
Appraisal Value: $262 / SF
Unit #1: $436,000
Unit #2: $386,000
Sale Price: $822,000
Additional Profit: $189,000 (+31.2%)
OUR PROCESS
Experts in successful condominium conversions
Asterra’s multi-family team offers a complete solution for condo conversion projects. Converting into a condo regime requires an understanding of the nuances involved. We ensure a smooth process that maximizes the final sale value of your property.


DOWNLOAD OUR CONVERSION GUIDE
ASSESSMENT
During our assessment phase, we take a careful look at the following aspects of your project:
- Economic Viability
- Legal Hurdles
- Regulatory Challenges
- Buyer Financing
- Zoning Restrictions
- Market Timing
PLANNING
Every project plan is different but the core elements of this phase include:
- Lease Assessment
- Tenant Communication
- R.O.F.R.
- Local Outreach
- Merchandising
- Sales Strategy
EXECUTION
The final phase in the process is moving the units without flooding the market. We’ll handle:
- Marketing to Brokers
- Unit Release Timeline
- On-Going Analysis
- Negotiations
- Closing Conditions