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$1,175,000

Beds
3
Baths
1.5
sq ft
2,643

1424 Ridge Ave, Snohomish, WA 98290

1424 Ridge Ave

Snohomish, WA 98290

  • 121 days on market
    • Price drop $25,000↓
Improved Pricing! The sky is the limit! Let your imagination run and think of the possibilities. Commercial property currently being used as Office space. Perfect for an owner operator, work / live situation. Mechanic, General Contractor, CPA office, Insurance office and much much more. OR redevelop the lot, zoned Commercial Midtown which allows for almost all uses! Mixed use, Townhomes, Medical Facility, Daycare, Senior Care, Brewery, etc. Must see to appreciate the location and proximity to current bustling commercial spaces. Pre-inspected!

Details

Property type

Single Family Residence

Est. home value

$824,773

Lot size

0.45 acres

Price per sq ft

$445

Year built

1923

Annual property taxes

$7,096

Price History

09/09/2024
NorthwestMLS

NorthwestMLS #2249274

Price change
$1,175,000
-9.62%
06/06/2024
NorthwestMLS

NorthwestMLS #2208635

Removed
$1,300,000
06/06/2024
NorthwestMLS

NorthwestMLS #2208635

Price change
$1,300,000
+8.33%

Schools & Community

Elementary school: 

Riverview Elem

Middle school: 

Centennial Mid

High school: 

Snohomish High

School district: 

Snohomish

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

$648,935
Asking price
$1,175,000
Closing costs (~8% of asking)
-$94,000
Est. remaining loan balance
-$432,065
Cash to seller
$648,935

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

Seller’s Loan History

Lender

Sun West Mortgage Company Inc

Loan start date

July 2021

Original loan amount

$463,960

Est. remaining balance

$432,065

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Michael Maduell and Mary E Mcgee

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: 10/05/2024 at 3:30 PM

Listing updated: 09/09/2024 at 10:29 AM

Listed by: Suzanne Fortune, Windermere Real Estate/HLC Phone #: (425) 483-5100

MLS: NorthwestMLS #2249274

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