6BR, 7 Full Bath, 4 Half Bath, 10,619 sq ft, full interior gut to the studs
Gross Profit
$480,000
Cost of deconstruction
$51,725
Charitable donation packet (appraisal, IRS Form 8283)
$15,995
Net Profit to the owner
$412,280
McLean, VA
8 BR, 6.5 BA, 12,500 sq ft, whole house tear down
Gross profit
$849,600
Cost of deconstruction
$96,250
Charitable donation packet (appraisal, IRS Form 8283)
$34,995
Net Profit to the owner
$718,355
Avon, NJ
4 BR, 4.5BA, 4500 sq ft, whole house tear down, (Note: exterior was clad in 7,000 sq ft of Carrera marble imported directly from the mine in Italy)
Gross profit
$1,172,000
Cost of deconstruction
$175,500
Charitable donation Packet (appraisal, IRS Form 8283)
$92,650
Net profit to the owner
$903,850
Alexandria, VA
12,532 sq ft, Interior gut of an historic building in Old Town Alexandria
Donation Value of Materials
$370,000
Effective Tax rate, (Federal and State tax rates added together)
40%
Tax Savings ($370,000 x 40%)
$148,000
Cost of deconstruction
$59,995
Charitable donation packet (appraisal, IRS Form 8283)
$10,995
Net Profit to owner
$77,010
These results are not uncommon. They are however heavily influenced by the Scope of Work as well as the condition, quality, and quantity of material available for donation.