tomo logo

$499,000

Beds
4
Baths
1.0
sq ft
1,429

2405 54th Ave E, Fife, WA 98424

2405 54th Ave E

Fife, WA 98424

  • 79 days on market
Beautifully maintained farmhouse on a large corner lot close to downtown. Community commercial zoned; a lot of potential uses - professional office, day care center, hair salon, etc. Buyer to verify use with city! Detached 2-car garage/shop with upstairs floored for storage. Inside the home, you'll find old growth fir and oak hardwood flooring. Unique features including antique doorknobs and push button light switches. Dryer/Furnace/Range-Oven are all plumbed for gas. Tankless water heater. RV parking w/ 50 amp service, and plenty of driveway parking. The home has brought in an average of $3,000/month as a short term rental, with it's highest at $5,000/month. All furniture and appliances included in sale.

Details

Property type

Single Family Residence

Est. home value

$432,491

Lot size

0.3793 acres

Price per sq ft

$350

Year built

1926

Annual property taxes

$3,674

Price History

05/23/2024
NorthwestMLS

NorthwestMLS #2226052

Listed
$499,000
05/03/2024
NorthwestMLS

NorthwestMLS #2226052

Pending
$499,000
04/19/2024
NorthwestMLS

NorthwestMLS #2226052

Listed
$499,000
+8.48%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Fife

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

$439,049
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$20,031
Cash to seller
$439,049

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

Seller’s Loan History

Lender

Washington Mutual Bank

Loan start date

June 1997

Original loan amount

$85,000

Est. remaining balance

$20,031

Interest rate

8.08%

Loan type

Not Provided, 30 year

Seller

David C Farnsworth and Mary L Farnsworth

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: 07/07/2024 at 4:50 PM

Listing updated: 05/27/2024 at 2:44 PM

Listed by: Lauren Daniels, Kindred Realty Phone #: (503) 910-4742

MLS: NorthwestMLS #2226052

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