tomo logo

$479,000

Beds
2
Baths
0.75
sq ft
1,114

227 E Burke Ave, Arlington, WA 98223

227 E Burke Ave

Arlington, WA 98223

  • 26 days on market
    • Price drop $10,000↓
Downtown Arlington charmer w/inviting front porch & detached shop on a triple lot that offers opportunity other properties simply do not as it is zoned Old Town Business District 3 allowing residential, multifamily & business ventures. The home has new plumbing, new electrical panel/meter/mast, new stove, new dishwasher & new roof over carport/shop. Make the home shine with DIY cosmetic updates like switching out light fixtures, adding bright accent walls & swapping out the closet doors. Keep the shop as is, convert back to a garage or make it a DADU. Great location to run your business. (Buyer to verify options w/City). 6 parking spaces. No HOA. Many new windows on home will be installed prior to Closing. Close to Park w/river access.

Details

Property type

Single Family Residence

Est. home value

$458,340

Lot size

7,405 sq ft

Price per sq ft

$430

Year built

1901

Annual property taxes

$3,803

Price History

09/26/2024
NorthwestMLS

NorthwestMLS #2285615

Price change
$479,000
-2.04%
09/12/2024
NorthwestMLS

NorthwestMLS #2285615

Price change
$489,000
-2%
09/03/2024
NorthwestMLS

NorthwestMLS #2285615

Listed
$499,000
+17.41%

Schools & Community

Neighborhood: 

Old Town

Elementary school: 

Buyer To Verify

Middle school: 

Buyer To Verify

High school: 

Buyer To Verify

School district: 

Arlington

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

$123,198
Asking price
$479,000
Closing costs (~8% of asking)
-$38,320
Est. remaining loan balance
-$317,482
Cash to seller
$123,198

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

Seller’s Loan History

Lender

Primelending

Loan start date

August 2021

Original loan amount

$340,000

Est. remaining balance

$317,482

Interest rate

3.02%

Loan type

VA, 30 year

Seller

Heidi Lucey and David Lucey

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: 09/28/2024 at 6:30 PM

Listing updated: 09/26/2024 at 10:42 AM

Listed by: Jennifer Pretty, Acquisition Real Estate Phone #: (425) 343-2745

MLS: NorthwestMLS #2285615

NorthwestMLS logo

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