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$1,100,000

Beds
5
Baths
4.0
sq ft
3,219

7037 14th Ave SW, Seattle, WA 98106

7037 14th Ave SW

Seattle, WA 98106

  • 33 days on market
    • Price drop $100,000↓
An excellent opportunity to expand your rental portfolio with creative financing options! Seller is open to VA loan assumption with a substitute entitlement. This NR2-zoned property offers the potential to add a DADU or ADU. The three-story home features separate entrances and kitchens on each floor, making it ideal for rental income, especially given its proximity to South Seattle College, or for generating additional income while upgrading your current residence.

Details

Property type

Single Family Residence

Est. home value

$853,886

Lot size

7,380 sq ft

Price per sq ft

$342

Year built

1984

Annual property taxes

$7,435

HOA

No

Price History

10/16/2024
NorthwestMLS

NorthwestMLS #2293026

Price change
$1,100,000
-8.33%
10/08/2024
NorthwestMLS

NorthwestMLS #2293026

Price change
$1,200,000
-4%
09/19/2024
NorthwestMLS

NorthwestMLS #2293026

Listed
$1,250,000
+92.31%

Schools & Community

Neighborhood: 

Riverview

Elementary school: 

Sanislo

Middle school: 

Madison Mid

High school: 

West Seattle High

High 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

$409,230
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$602,770
Cash to seller
$409,230

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2021

Original loan amount

$658,000

Est. remaining balance

$602,770

Interest rate

2.66%

Loan type

VA, 30 year

Seller

Charles Nobles and Kala Nobles

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: Active

Tomo last checked: 10/22/2024 at 11:40 AM

Listing updated: 10/19/2024 at 12:20 PM

Listed by: Nicole Dankworth, Keller Williams Seattle Metro Phone #: (206) 935-3442

MLS: NorthwestMLS #2293026

NorthwestMLS logo

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