List price was $800,000
It took 10 days to go pending.
Then 152 days to close at $600,000
Great opportunity for builders/investors! 1.72 acres, zoned MR (multiple-residential), in the heart of developing area. Per Snohomish County Zoning Matrix; allows roughly 24 multi-family units/acre or 36 senior apartments/acre or single family condos at 9 houses/acre. Home on property was built in 1992, 4 bedroom, 2 bathroom rambler with 2 car garage (rental income). Easy access to I-5 & I-405, Park-n-Ride, Alderwood Mall & Hwy 99. (appointment needed to access property)
Assumptions: The original sale amount reflected a normal arms length sale. Any major updates would add to the value.
Any damage or deferred maintenance would subtract from the value.
Listing information is provided by the listing agent except as follows: BuilderB indicates
that our system has grouped this listing under a home builder name that doesn't match
the name provided
by the listing broker. DevelopmentD indicates
that our system has grouped this listing under a development name that doesn't match the name provided
by the listing broker.