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$1,550,000

Beds
8
Baths
4.5
sq ft
3,530

13017 SE 208th St, Kent, WA 98031

13017 SE 208th St

Kent, WA 98031

  • 14 days on market
This is a great opportunity to own an extremely well maintained and cash-flow generating real estate investment. Currently being operated as an Adult Family Home it requires no participation from the Buyer. Seller agrees to a lease back for an Adult Family Home for 5 years. Currently the lease is $8000/mo. This home has the potential to have fire suppression added and the license upgraded to as many as 8 residents from the current 6. Home sits on a large and level lot that is pre-platted for 3 additional homes.

Details

Property type

Single Family Residence

Lot size

0.84 acres

Price per sq ft

$440

Year built

1961

Annual property taxes

$8,685

Price History

06/21/2024
NorthwestMLS

NorthwestMLS #2255251

Listed
$1,550,000
+40.91%
05/23/2019
NorthwestMLS

NorthwestMLS #1381763

Sold
$1,100,000
+358.33%
10/20/2003
NorthwestMLS

NorthwestMLS #23117787

Sold
$240,000

Schools & Community

Elementary school: 

Lake Youngs Elem

Middle school: 

Northwood Jnr High

High school: 

Kentridge High

School district: 

Kent

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$656,767
Asking price
$1,550,000
Closing costs (~8% of asking)
-$124,000
Est. remaining loan balance
-$769,233
Cash to seller
$656,767

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

February 2022

Original loan amount

$808,000

Est. remaining balance

$769,233

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Alvin Wong and Tina Wong

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/04/2024 at 8:50 PM

Listing updated: 06/22/2024 at 1:59 PM

Listed by: Carson Espinoza, Marketplace Sotheby's Intl Rty Phone #: (425) 243-9000

MLS: NorthwestMLS #2255251

NorthwestMLS logo

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