A 20,900 square foot mansion in Houston has gone through a remarkable financial journey. Bank of America acquired the property through foreclosure in 2012 for $2.12 million. 13 years later, after a reported $14 million renovation, the mansion sold for as much as $9 million.
The numbers are striking on their own. The house was bought for $2.12 million. About $14 million was reportedly spent renovating it. The eventual sale brought in as much as $9 million.
