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Avery Gass

avery@1realty.com +1(360) 383-7226

Listed by:Windermere Real Estate/CIR • Kevin Flynn

$999,000

Est. payment - /mo

3 Beds

1.75 Baths

1,360 SqFt

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Open House

Sat May 09, 12:00pm - 3:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,360 sqft

Price per Sqft $734

Subdivision Ridgecrest

MLS Listing ID 2519457

Style 16 - 1 Story w/Bsmnt.

Bedrooms 3

Full Baths 1

Year Built 1942

Annual Tax Amount $1,688

Lot Size 10,141 Sqft

Lot Dimensions 60x 168

Property Sub-Type Single Family Residence

Property Description

Prime investment opportunity in Shoreline with highly sought-after MUR70 (7 stories) zoning with city incentives for an affordable housing development. Located in the heart of Shoreline and a few blocks from the new light-rail station, I-5, Hamlin Park, Jackson Park golf course and Shoreline High School makes this a centralized and optimal location. The large lot size offers strong future investment potential, while the existing move-in ready home provides flexibility for investors to rent out or a primary home for owners who can secure land value for future developers to pursue. Current home is situated on a well-maintained landscaped lot and offers 3 bedrooms, 2 bathrooms and approx 1,360 square feet. Rare versatile four car detached garage in the back offers options for storage, shop or home office. Large lot size offers future potential to sell to developers for significant value and a great return on investment. Recent developer assemblage quotes of $135-140 per land square foot, this lot is 10,141 sq ft giving a potential 30-40% future return. A unique and intriguing investment opportunity that doesn't come around often. Multiple neighboring homes have an option to be grouped in a developer assemblage for future purchase. Buyer to verify all to their satisfaction. All showings to be scheduled by a licensed real estate agent, please don't disturb the owner.

Location

State WA

County King

Area 720 - Lake Forest Park

Rooms

Basement Finished

Main Level Bedrooms 1

Interior

Interior Features Bath Off Primary, Dining Room, Jetted Tub, Water Heater

Flooring Ceramic Tile, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Deck, Outbuildings, RV Parking, Shop

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Paved, Value In Land

Story One

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Shoreline

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

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Avery Gass

+1(360) 383-7226

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14555 8th AVE NE Shoreline, WA 98155

Avery Gass

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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