tomo logo

$404,900

Beds
4
Baths
2.0
sq ft
1,836

305 George Washington Way, Richland, WA 99352

305 George Washington Way

Richland, WA 99352

  • 8 days on market
MLS# 281780 PROPERTY IS OCCUPIED. DO NOT ENTER WITHOUT PERMISSION. Opportunity awaits in this centrally located Richland home! Beneath a newer roof, the main level offers 3 bedrooms, 1 bath, a kitchen, and spacious living and dining areas. The completely separate 638-square-foot basement serves as a secondary living space or in-law quarters, featuring a living area, bedroom, full kitchen, and bath.This property is a fantastic investment or first-time homebuyer opportunity! Both the upstairs and downstairs units are income-producing, generating a total of $2,750 per month ($1,700 for the main level and $1,050 for the basement unit).This home comes move-in ready with a refrigerator and washer/dryer included! A great starter home and an excellent chance to expand your real estate portfolio.

Details

Property type

Single Family Residence

Est. home value

$304,114

Lot size

9,148 sq ft

Price per sq ft

$221

Year built

1944

Annual property taxes

$2,943.2

Price History

02/14/2025
PacificRegionalMLS

PacificRegionalMLS #281780

Listed
$404,900
+24.58%
08/22/2022
PacificRegionalMLS

PacificRegionalMLS #263006

Sold
$325,000
+78.08%
07/24/2017
PacificRegionalMLS

PacificRegionalMLS #221522

Sold
$182,500
+46%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$121,964
Asking price
$404,900
Closing costs (~8% of asking)
-$32,392
Est. remaining loan balance
-$250,544
Cash to seller
$121,964

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 2022

Original loan amount

$260,000

Est. remaining balance

$250,544

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Ricardo Melendez and Jennifer Melendez

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?

Status: Active

Tomo last checked: 02/23/2025 at 6:35 AM

Listing updated: 02/15/2025 at 1:41 PM

Listed by: Shina Spurlock, Realty One Group Ignite Phone #: (509) 630-7175

MLS: PacificRegionalMLS #281780

PacificRegionalMLS logo

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