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$434,486Estimated home value

Beds
3
Baths
1.75
sq ft
1,449

505 Burnham Ln SE, Rainier, WA 98576

505 Burnham Ln SE

Rainier, WA 98576

  • Sold On 8/27/2024
Rural country life can be yours on just shy half an acre with 2 story home & large carport. Enjoy charming covered front porch, large back deck, spacious fenced back yard, fire pit, additional storage shed behind the car port and covered space for your toys & tools. This adorable home enters at the living room with mini split, propane fireplace & all LVP on main floor. Kitchen is charming w/ counter eating space & small dining area. Best part is primary bedroom with wall A/C unit, bath and walk in closet are on main floor. Utility room in the hallway just before 2 car garage. Upstairs you will find a full bath and 2 more bedrooms, one with a built in murphy bed and carpeted floors. Easy access to multiple cities from here. Roof is 5 yrs new

Details

Property type

Single Family Residence

Est. home value

$434,486

Lot size

0.4465 acres

Price per sq ft

$318

Year built

2000

Annual property taxes

$3,578.25

Price History

08/26/2024
NorthwestMLS

NorthwestMLS #2269218

Sold
$460,000
07/29/2024
NorthwestMLS

NorthwestMLS #2269218

Pending
$460,000
07/24/2024
NorthwestMLS

NorthwestMLS #2269218

Listed
$460,000
+175.45%

Schools & Community

Elementary school: 

Rainier Primary Sch

Middle school: 

Rainier Mid

High school: 

Rainier Snr High

School district: 

Rainier

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

$323,326
Asking price
$460,000
Closing costs (~8% of asking)
-$36,800
Est. remaining loan balance
-$99,874
Cash to seller
$323,326

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

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

November 2016

Original loan amount

$120,318

Est. remaining balance

$99,874

Interest rate

3.5%

Loan type

FHA, 30 year

Seller

Diane Bloom

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: Off Market

Tomo last checked: 09/07/2024 at 5:05 PM

Listing updated: 08/26/2024 at 10:36 PM

Listed by: Chrissy DeHan, RE/MAX Realty South Phone #: (253) 397-4911

MLS: NorthwestMLS #2269218

NorthwestMLS logo

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