tomo logo

$475,000

Beds
4
Baths
1.5
sq ft
2,196

531 E Lakeshore Dr E, Shelton, WA 98584

531 E Lakeshore Dr E

Shelton, WA 98584

  • 166 days on market
Experience the charm of affordable lakefront living with TWO tax lots, offering 145 feet of waterfront on Little Timberlake. Enjoy YOUR OWN DECK for kayaking and more! This property is a unique investment opportunity with a bonus tax lot. The home is charming with 4 bedrooms, Family room w/woodstove, beautiful floors. There is a lot of living space here for all!! The 2nd lot has a treehouse for play or use as additional storage. Relax and enjoy lakefront living with ample space for recreation and gardening. Fish, swim, paddleboard - the possibilities are endless! The community features motorized lake access, boat launches, parks, and more. Live the lake life to the fullest! This is a great opportunity and investment to have a 2nd lot!!

Details

Property type

Single Family Residence

Est. home value

$471,501

Lot size

0.67 acres

Price per sq ft

$217

Year built

1985

Annual property taxes

$3,158

Monthly HOA fee

$140

Price History

04/03/2024
NorthwestMLS

NorthwestMLS #2218322

Listed
$475,000
+21.8%
03/31/2024
NorthwestMLS

NorthwestMLS #2195943

Removed
$389,997
02/20/2024
NorthwestMLS

NorthwestMLS #2195943

Listed
$389,997

Schools & Community

Elementary school: 

Pioneer Primary Sch

Middle school: 

Pioneer Intermed/Mid

High school: 

Shelton High

School district: 

Pioneer #402

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

$184,089
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$252,911
Cash to seller
$184,089

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

August 2019

Original loan amount

$280,912

Est. remaining balance

$252,911

Interest rate

3.84%

Loan type

VA, 30 year

Seller

Sanka Harris and Jeetria Harris

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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Listing provided by NWMLS

Status: Active

Tomo last checked: 09/16/2024 at 1:15 PM

Listing updated: 08/30/2024 at 4:44 PM

Listed by: Lorna Murray, RE/MAX Equity Group Phone #: (360) 882-6000

MLS: NorthwestMLS #2218322

NorthwestMLS logo

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