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$1,200,000

Beds
Unknown
Baths
3.75
sq ft
4,220

360 Knechtel Way NE, Bainbridge Island, WA 98110

360 Knechtel Way NE

Bainbridge Island, WA 98110

  • 6 days on market
This unique opportunity includes three top-floor units: two 360 sq ft condos and one flexible-use commercial unit, all located just steps from the ferry and local shops. Both condos feature private bathrooms and are currently active as short-term rentals, generating monthly income. The commercial unit is not currently rented, offering flexibility for the new owner. The property also includes a huge 1,900 sq ft rooftop deck space, a steam room, a rooftop swim spa/hot tub, sauna, ample shower facilities, and lockers—making it an ideal opportunity for those interested in opening a wellness or fitness center. HOA dues cover water, sewer, and power, ensuring hassle-free ownership in this prime location.

Details

Property type

Condominium

Est. home value

$748,033

Lot size

Unknown

Price per sq ft

$285

Year built

2004

Annual property taxes

$3,058

Monthly HOA fee

$2,592

Price History

09/13/2024
NorthwestMLS

NorthwestMLS #2289664

Listed
$1,200,000
-20%
02/04/2014
NorthwestMLS

NorthwestMLS #521115

Sold
$1,500,000

Schools & Community

Elementary school: 

Bainbridge Schools

Middle school: 

Buyer To Verify

High school: 

Bainbridge Isl

School district: 

Bainbridge Island

Number of units in community: 

23

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Frontier Bank

Loan start date

September 2008

Original loan amount

$4,000,000

Est. remaining balance

Not provided

Interest rate

5.8%

Loan type

Not Provided

Seller

Michael R Mastro

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: 09/19/2024 at 12:10 PM

Listing updated: 09/18/2024 at 1:49 PM

Listed by: Faustine Samec, Pellego, Inc. Phone #: (425) 441-3180

MLS: NorthwestMLS #2289664

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