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$1,599,900

Beds
1
Baths
1.0
sq ft
1,880

219 NE 185th St, Shoreline, WA 98155

219 NE 185th St

Shoreline, WA 98155

  • 153 days on market
    • Price drop $200,000↓
DO NOT DISTURB TENANTS!!! Calling all Builders & Developers! Here's your chance to seize a golden opportunity on this 10,500 sqft MUR-45 lot! The property is currently in the final review cycle with the city and is ideally located just 2 blocks from the brand new Shoreline N185th Light Rail Station, set to launch on 8/30. With new sidewalks, roundabouts, and a new 4-way traffic signal in place, this lot primed for development. Plans are in place for 7 modern townhouses, each featuring 2 BD, a bonus room, 2.5 bathrooms, breathtaking rooftop deck, & a spacious 1-car garage, totaling 1,650 sqft of contemporary living space. Currently, the property hosts a charming 2BD single-family home, allowing for rental income while awaiting development.

Details

Property type

Single Family Residence

Est. home value

$807,706

Lot size

0.241 acres

Price per sq ft

$852

Year built

1942

Annual property taxes

$10,941

Price History

07/23/2024
NorthwestMLS

NorthwestMLS #2224057

Price change
$1,599,900
-11.11%
05/13/2024
NorthwestMLS

NorthwestMLS #2224057

Price change
$1,799,900
-2.71%
04/18/2024
NorthwestMLS

NorthwestMLS #2224057

Listed
$1,850,000
+146.67%

Schools & Community

Neighborhood: 

Meridian Park

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

$911,253
Asking price
$1,599,900
Closing costs (~8% of asking)
-$127,992
Est. remaining loan balance
-$560,655
Cash to seller
$911,253

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

Seller’s Loan History

Lender

Homebridge Financial Services Inc

Loan start date

August 2021

Original loan amount

$600,000

Est. remaining balance

$560,655

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Uuganbayar Manushka

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: 09/17/2024 at 10:05 PM

Listing updated: 07/23/2024 at 10:57 AM

Listed by: Esther Khongorzul Sainbayar, PRO RLTYSRVCS Eastside Phone #: (888) 302-5550

MLS: NorthwestMLS #2224057

NorthwestMLS logo

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