tomo logo

$850,000

Beds
3
Baths
2.5
sq ft
1,724

16023 2nd Pl W, Lynnwood, WA 98087

16023 2nd Pl W

Lynnwood, WA 98087

  • 58 days on market
    • Price drop $25,000↓
Fully remodeled home on a 1/4-acre lot nested down a private lane promises an ideal living experience. This light filled home boasts cathedral ceilings that make the interior feel spacious and inviting, while the ample kitchen and dining area are perfect for entertaining. The primary suite offers both comfort and elegance, and the cozy family room with a fireplace help unwind after a busy day. Outside, a large private fenced lot surrounded by cedars, RV parking , and garden beds await. Tasteful high-quality updates included the kitchen, bathrooms, pain, deck, appliances, and water line. Nearby Martha Lake offers a range of activities. Top-rated Edmonds Schools. Move-in-ready!

Details

Property type

Single Family Residence

Est. home value

$820,383

Lot size

0.27 acres

Price per sq ft

$494

Year built

1990

Annual property taxes

$7,538

Price History

06/20/2024
NorthwestMLS

NorthwestMLS #2234384

Price change
$850,000
-2.86%
05/08/2024
NorthwestMLS

NorthwestMLS #2234384

Listed
$875,000
+7.36%
09/28/2023
NorthwestMLS

NorthwestMLS #2148321

Sold
$815,000

Schools & Community

Neighborhood: 

Martha Lake

Elementary school: 

Oak Heights ElemOh

Middle school: 

Alderwood Mid

High school: 

Lynnwood High

School district: 

Edmonds

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

$175,402
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$606,598
Cash to seller
$175,402

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

September 2023

Original loan amount

$611,250

Est. remaining balance

$606,598

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Praveen Govind Shankar Pattath and Kiran Makwana

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 6:20 PM

Listing updated: 06/20/2024 at 1:39 PM

Listed by: Geetika Nagpal, Kelly Right RE of Seattle LLC Phone #: (206) 525-5235

MLS: NorthwestMLS #2234384

NorthwestMLS logo

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