EXCITING OPPORTUNITY FOR BUILDERS, FLIPPERS & INVESTORS! RARE FIXER-UPPER ON OVERSIZED CORNER LOT WITH DEVELOPMENT POTENTIAL
Asking Price: $749,000
About 13702 3rd Avenue NE:
Calling all builders, flippers, house-hackers, and investors! We have an exciting opportunity for you. A darling fixer-upper is available on an oversized corner lot, offering multiple opportunities to develop or add value. The current lot configuration, combined with the existing home, provides an ideal layout for a fix 'n flip project, along with the potential to build a new Detached Accessory Dwelling Unit (DADU) with its own driveway, street access, and yard.
But that's not all! If starting from scratch is more your style, this spacious corner lot allows for the construction of up to three units, offering the potential for second-story golf course views. The possibilities are endless, and the choice is yours.
To sweeten the deal, the seller has recently invested $60,000 in earthwork improvements, including an engineered and permitted retaining wall along the East property line. This not only adds value to the property, but also ensures stability and longevity for any future development.
Moreover, the recently passed "Middle Housing" Bill 1110 opens up even more prospects for this property. According to the bill, future development could include the possibility of constructing 4-6 townhomes or cottage-style homes. However, it is important for the buyer to verify this information and conduct their due diligence.
Location is key, and this property certainly ticks all the boxes. Situated next to the prestigious Lakeside School, it offers a prime location that is highly desirable for families seeking a quality education for their children. Additionally, the convenience of being moments away from I-5, a light rail station, and transit options makes commuting a breeze for residents.
Imagine the potential this property holds. Whether you are a seasoned builder, a savvy investor, or a creative house-hacker, this fixer-upper is your canvas to create something remarkable. With the flexibility to either renovate and add value or start from scratch with a brand new build, the choice is yours to make.
Don't miss out on this rare opportunity to capitalize on the current real estate market. The demand for housing in this area is high, and with the recent improvements and future development possibilities, this property is sure to attract attention.
So, if you are ready to take on a new project and unlock the hidden potential of this darling fixer on an oversized corner lot, don't wait any longer. Contact us today to schedule a viewing and explore the endless possibilities that await. This is your chance to make your mark in the real estate market and create something truly extraordinary.
This property also matches your preferences:
Features of Property
Single family residence
Built in 1937
Fireplace(s), baseboard, forced air, wall furnace
None
1 Attached garage space
10,206 sqft
$477 price/sqft
2.5% buyers agency fee
This property might also be to your liking:
Features of Building
3
2
1
1
2
Lower
Main
Main
Lower
Lower
Main
Main
Partially Finished
Hardwood, Laminate
Fireplace(s), Baseboard, Forced Air, Wall Furnace
None
See Remarks
Dining Room
1,570
1,570 sqft
1
Wood Burning, Main Level: 1
1
RV Parking, Attached Garage, Off Street
1
1
One
1
Main
Level,PartialSlope
Garden Space
10,206 sqft
Corner Lot, Open Lot, Paved, Value In Land, Cable TV, Fenced-Partially, High Speed Internet, RV Parking
2832100865
Jurisdiction: See Remarks
Standard
SeeRemarks
SingleFamily
Single Family Residence
Wood Siding, Wood Products
Poured Concrete
Composition
Fixer
1937
1937
Company: Seattle City Light
Sewer Connected, Company: Seattle Public Utilities
Public, Company: Seattle Public Utilities
Seattle
Haller Lake
2.5%
Cash Out,Rehab Loan
Property Agent
Amber R Eckert
COMPASS