tomo logo

$500,000

Beds
4
Baths
2.0
sq ft
1,680

221 2nd Ave N, Algona, WA 98001

221 2nd Ave N

Algona, WA 98001

  • 11 days on market
    • Price drop $50,000↓
Unlock the potential of this 4-bedroom, 2-bathroom home, ideal for investors and contractors seeking their next project! This Diamond in the rough is ready to have you come help it sparkle. With a new roof and a fresh kitchen already installed, you’re starting with key upgrades in place. The spacious layout offers ample room for modernizing, and the versatile shop space adds extra value and possibilities. This property provides a solid foundation for a high-return investment or a transformative renovation. Don’t miss out on the chance to turn this fixer-upper into a lucrative opportunity. This won't last long!

Details

Property type

Single Family Residence

Est. home value

$483,235

Lot size

8,000 sq ft

Price per sq ft

$298

Year built

1965

Annual property taxes

$4,908

Price History

09/15/2024
NorthwestMLS

NorthwestMLS #2288161

Price change
$500,000
-9.09%
09/08/2024
NorthwestMLS

NorthwestMLS #2288161

Listed
$550,000
+23.04%
11/10/2021
NorthwestMLS

NorthwestMLS #1826104

Sold
$447,000
+310.09%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Auburn

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

$40,789
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$419,211
Cash to seller
$40,789

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

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

November 2021

Original loan amount

$447,000

Est. remaining balance

$419,211

Interest rate

2.86%

Loan type

VA, 30 year

Seller

Alexandra Doan and Michael Doan

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: 09/19/2024 at 1:55 AM

Listing updated: 09/18/2024 at 12:49 PM

Listed by: Anthony Jenkins, RSVP Real Estate ERA Powered Phone #: (425) 519-3619

MLS: NorthwestMLS #2288161

NorthwestMLS logo

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