Fantastic Flip Opportunity in Shoreline, WA. New Price Reduction!

King County, Shoreline, WA, 98133 view full address
Listed at: June 21st 2022
Gross Margin
Sq. Footage
Year build
Lot size
10720.00 sqft

Captivating flip on a 2,190 sqft home located in the charming Richmond Highlands neighborhood of Shoreline, Washington. You'll appreciate the peaceful and yet picturesque scenery of the place. The home is in a spectacular location which is just a drive away to different leisure places where you can enjoy golfing, swimming, hiking and a lot more. It's also near commercial areas where you can do shopping, dating with your loved one to the nearby cafes, or even parks where you can go with your dogs. If you have kids who still attend school, worry no more- schools, universities are just around the area. So, what are you waiting for? Click the button above and get this deal now! Don't miss this opportunity!

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Rehab Estimate: $155,000

Rehab Details: It needs a full rehab. Interior paint, exterior paint, new flooring, windows, walls, fixtures, kitchen, bathroom, roof and ceiling.

ARV: $1'003,334

ROI: 13.63%

Cash on Cash: 88.23%

Profit : $111,756

Closing Date: Aug 5th or sooner

More details about the house to show a better idea of the structure than the King County description.

- Footprint: 25 x 46 

- 2 floors plus a loft:

— First floor (opens on to the back yard) = 1,150

— Main floor = 1,150

— Loft approximately = 300

- Total square footage = (25x46) x 2) + 300. = 2,600 sqft (Approximate)

First floor: unfinished framed bedroom with walk-in closet and 3/4 bathroom (toilet/shower plumbed but no fixtures) + 2 rooms that can be one large room for family room or converted to two additional bedrooms, Landry room

Main floor: Living room, dining area, kitchen, bedroom, 3/4 bathroom (Wood stove in living room)

Loft: Bedroom and storage 

House has 2 finished bedrooms with 1 large bedroom unfinished downstairs or 3 unfinished bedrooms if owner wishes to convert all square footage to bedrooms.

House has potential for 3 to 5 bedrooms with 2 bathrooms.

Sewer relined in 2016; Water line replaced in 2021 including new water heater; Central heating with gas forced air furnace.

Lot is triangular with dimensions = 168,25 x 147,04 x 156.16; Property surveyed in 2017. Corners and mid- points marked with rebar and white stakes. Plot map available.

8 X 16 storage shed with metal roof

Trees recently purged by Ballard Tree Service 

Landscaping along Greenwood Place North

Needs new roof and complete interior remodeling 

**IF YOU WANT THIS DEAL, SUBMIT YOUR PRELIMINARY OFFER BY CLICKING THE BLUE BUTTON "Make An Offer". This notifies us you are serious and ready to move forward.** DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract is signed with the Seller giving our company exclusive rights to purchase the property. Our company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/ SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action against you. Our company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.
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current deal
Sq. footage