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$1,163,000Estimated home value

Beds
5
Baths
3.0
sq ft
4,540

5351 S Wallace St, Seattle, WA 98178

5351 S Wallace St

Seattle, WA 98178

  • Off market
Developer's paradise. This property is zoned NR1 (Neighborhood Residential 1) which according to the City's zoning page will allow division of the property into three (3) separate lots. Divide, Build and Sell OR move in to the existing highly desirable mid century modern and restore it to its original glory. Lots of room for everyone. Out buildings to store your treasures. Secluded space for privacy and gardening in the middle of civilization. Experience tranquility only minutes from downtown Seattle. Enjoy a cup of morning coffee on your private deck while enjoying the territorial views.

Details

Property type

Single Family Residence

Est. home value

$1,163,000

Lot size

0.7602 acres

Price per sq ft

$276

Year built

1956

Annual property taxes

$12,525

Price History

09/09/2024
NorthwestMLS

NorthwestMLS #2246204

Removed
$1,250,000
06/01/2024
NorthwestMLS

NorthwestMLS #2246204

Listed
$1,250,000
+153.25%
12/31/2015
NorthwestMLS

NorthwestMLS #844706

Sold
$493,587
+23.4%

Schools & Community

Neighborhood: 

Rainier View

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Seattle

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

$737,119
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$412,881
Cash to seller
$737,119

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

Seller’s Loan History

Lender

Usaa Fsb

Loan start date

March 2017

Original loan amount

$485,199

Est. remaining balance

$412,881

Interest rate

4.09%

Loan type

VA, 30 year

Seller

Marlon Lacayanga Fernandez and Maria Luz Clemente Alagos

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: Off Market

Tomo last checked: 09/13/2024 at 6:45 AM

Listing updated: 07/15/2024 at 1:15 PM

Listed by: Charles Holmes, Providencia Real Estate Srvcs Phone #: (425) 998-9887

MLS: NorthwestMLS #2246204

NorthwestMLS logo

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