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$1,300,000

Beds
3
Baths
2.0
sq ft
1,700

18504 8th Ave NE, Shoreline, WA 98155

18504 8th Ave NE

Shoreline, WA 98155

  • 238 days on market
Uncover an unparalleled development opportunity in Shoreline, WA! This 3-bed, 2-bath home, in excellent condition, is just the beginning. Nestled in MUR70 zoning, with city of approval, potential for up to 140' development, this corner lot is directly across from the 185th St Light Rail station. The property's real value lies in the land. What sets this property apart is the potential for expansion with six contiguous parcels also available for purchase. Seize this chance to shape the future of this thriving community. Prime location, excellent condition for rental home, and development potential – a rare gem for short/long term hold.

Details

Property type

Single Family Residence

Est. home value

$906,322

Lot size

7,198 sq ft

Price per sq ft

$765

Year built

1948

Annual property taxes

$9,647

Price History

01/19/2024
NorthwestMLS

NorthwestMLS #2192931

Listed
$1,300,000
+340.68%
03/04/2005
NorthwestMLS

NorthwestMLS #25010961

Sold
$295,000

Schools & Community

Neighborhood: 

North City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Shoreline

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

$993,544
Asking price
$1,300,000
Closing costs (~8% of asking)
-$104,000
Est. remaining loan balance
-$202,456
Cash to seller
$993,544

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

Seller’s Loan History

Lender

Umpqua Bank

Loan start date

June 2017

Original loan amount

$237,000

Est. remaining balance

$202,456

Interest rate

3.97%

Loan type

New Conventional, 30 year

Seller

Nylma C Lama and Tsering Dolkar

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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Listing provided by NWMLS

Status: Active

Tomo last checked: 09/13/2024 at 12:15 PM

Listing updated: 08/22/2024 at 12:44 PM

Listed by: JC Gagnaire, Windermere R.E. Shoreline Phone #: (206) 546-5731

MLS: NorthwestMLS #2192931

NorthwestMLS logo

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