tomo logo

$550,000

Beds
3
Baths
1.0
sq ft
1,000

8649 Renton Ave S, Seattle, WA 98118

8649 Renton Ave S

Seattle, WA 98118

  • 5 days on market
Opportunity awaits in this LR2 zoned property in the Rainier Beach Urban Village zone, just 1.5 blocks from the Link Light Rail Station. Bring your vision to this one level rambler and reap the benefits of owning in this soon to be expanding neighborhood ripe for development. A great chance for the savvy investor or first time home buyer to gain some equity as the area is reinvented. Garden Space and lots of parking. Super convenient location for commuters! Preliminary feasibility study says this property may support a small apartment development of 15-20 units. It would also support a small townhouse project. Rent it out while awaiting permits

Details

Property type

Single Family Residence

Est. home value

$527,972

Property condition

Fixer

Lot size

4,750 sq ft

Price per sq ft

$550

Year built

1963

Annual property taxes

$3,838

Price History

09/13/2024
NorthwestMLS

NorthwestMLS #2289566

Listed
$550,000
+92.98%
05/31/2018
NorthwestMLS

NorthwestMLS #1314890

Sold
$285,000
+58.33%
12/24/2003
NorthwestMLS

NorthwestMLS #23138937

Sold
$180,000

Schools & Community

Neighborhood: 

Dunlap

Elementary school: 

Dunlap

Middle school: 

Aki Kurose

High school: 

Rainier Beach 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

$316,942
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$189,058
Cash to seller
$316,942

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

Seller’s Loan History

Lender

Ethos Lending Llc

Loan start date

May 2018

Original loan amount

$213,750

Est. remaining balance

$189,058

Interest rate

4.4%

Loan type

New Conventional, 30 year

Seller

Sabranie J Coyne and Sean O Coyne

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: 09/17/2024 at 10:00 PM

Listing updated: 09/17/2024 at 7:18 PM

Listed by: Sabranie J. Coyne, Windermere R E Mount Baker Phone #: (206) 725-7255

MLS: NorthwestMLS #2289566

NorthwestMLS logo

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