Why we bought this
Acquired for $2.25M in 2020; the current AVM of $7.13M (July 2026) would represent roughly $4.88M in gross unrealized appreciation.
The value was created at acquisition. In September 2020, Maria Meshcherskaya, with team support from Oleg Sergiienko, closed a near-acre builder's estate on a South Gables cul-de-sac at $2,250,000. The thesis was land: nearly an acre in a neighborhood where lots of that scale cannot be assembled, in a submarket that was about to reprice sharply. The 1971 structure was secondary; the position was the asset. Based on the property's automated valuation model estimate of $7,131,000, updated July 18, 2026, the property would carry approximately $4,881,000 in gross unrealized appreciation - about 217% above the acquisition price, a 3.17x multiple, and roughly 21.9% annualized over about 5.8 years. Those figures are gross and unrealized: no renovation, carrying, tax, or selling costs are deducted, and an AVM is a model estimate, not an appraisal. What the numbers actually demonstrate is timing. The appreciation amplified a decision that already made sense the day it closed.
What made this one work
- $2,250,000 closing price (September 2020)
- Near-acre South Gables cul-de-sac lot
- AVM estimate, updated July 18, 2026: $7,131,000
- ~$4.88M gross unrealized appreciation, ~3.17x, before all expenses
AVM estimate, updated July 18, 2026
Updated July 18, 2026
What you're buying
Inside the property
The math behind the deal
See the cap rate, rent roll, comps & exits
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What the numbers mean
"Gross unrealized appreciation" means the difference between what was paid and what the valuation model estimates the property is worth today, before any costs. It is not profit, and it is not realized until a sale. What it measures is how much the acquisition decision has been validated by the market since 2020.
From the agent
Maria Meshcherskaya led the acquisition with team support from Oleg Sergiienko: sourcing, land-value analysis, negotiation, and closing coordination.
The bottom line
Nobody manufactured this return after closing. It was bought at the closing table, in the land.
Looking for an asset where the land does the work? Request a basis and scarcity review from SunSt.
Common questions
What did 7301 Capilla Ct sell for?+
The property closed at $2,250,000 in September 2020. Any higher figure shown on this page is a later value estimate, not the sale price.
How was the $7.13M figure calculated?+
It is an automated valuation model (AVM) estimate of $7,131,000, updated July 18, 2026. It is a model estimate, not an appraisal or a listing price.
Is the $4.88M appreciation profit?+
No. It is gross unrealized appreciation before renovation, carrying, tax, and selling costs, and it is not realized until the property sells.
Why did the property appreciate so much?+
Near-acre lots on quiet South Gables streets are effectively irreplaceable, and the submarket repriced substantially after 2020. Scarcity plus timing did the work.