This 4 bed 3 bath 4,000 sqft Tudor-style home sits on an 11,326 sqft lot on the lake in Gig Harbor, offering direct lake access (highly desirable for resale value), a finished basement with a downstairs apartment or ADU, and significant upside for a profitable flip. Built in 1995, the home is structurally sound but needs a full cosmetic rehab throughout, including roof, paint, deck, landscaping, and some plumbing repairs. 

The value lies in the upside and this deal is significantly priced below the Pierce County tax assesseor's value of $925,300. This property has the potential to reach high resale value with the right finishes. While there are not many direct comps within the last year, the style, and square footage align well with higher-end homes in the area. We’re estimating an ARV of $1,000,000, supported by similar nearby properties that have recently sold.

• 12703 144th Ave NW: $1,065,000 5 bed 3.5 bath 4,279 sqft
• 13807 88th Avenue Ct NW: $1,105,000 3 bed 2 bath 3,284 sqft
• 12220 126th Ave NW: $1,015,000 4 bed 3.5 bath 2,779 sqft
• 10796 Wicks Lake Rd SW: $1,150,000 3 bed 3.5 bath 4,475 sqft

With an estimated rehab budget of $180,000 to $200,000, this home offers a strong return for experienced flippers.

The property has been vacant for over a year and personal belongings will remain on-site. HOA dues are $350/year and the home is on septic which will be pumped and inspected prior to closing to give you piece of mind. 

Contact Viktor Rybachuk at 206-488-0606 to get this deal.