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Thursday, August 1, 2013

Affordable Waterfront in King County!

3:17 PM
It has been said that you really don't know Seattle unless you've seen it from the water. This is one reason I love to paddle in dragon boats or kayaks or canoes; and to sail or cruise whenever I am invited out on the Puget Sound. I love waterfront!

And who doesn't? We are blessed to live in an area, surrounded by water, where lakes and estuaries meet the foothills of volcanic mountains. Scenery and wildlife are astonishing; and yet our proximity to urban culture and amenities can't be beat.

So I regularly look for waterfront properties on the market in King County, that are priced under $300,000. There is surprisingly more than you might expect that is within financial reach of local residents. I am happy to provide a list of current King County waterfront properties for sale in this price range upon request. Just leave a comment to this blog or email me at HomeLandInvestment@gmail.com or call 425-270-7292.

Here is one that I currently have available for a cash buyer for $275,000:

This charming 4-bedroom 2-bath vintage home with fireplace, woodstoves, hardwood floors and knotty pine paneling can be yours, for one very affordable price.

Pick up this sweet 1920 4BR/1.5BA beach house on 50' of Puget Sound waterfront on the north end of Vashon Island FOR ONLY $275000.

This walk-in property is a short five minute walk along a woodland trail to the Vashon ferry terminal. Head five minutes east from the Vashon ferry terminal, then find the trailhead just south of yellow garage; walk through the secluded forest trail down to the water. Your commute from home by King County Water Taxi will have you in downtown Seattle in twenty minutes! Walk to work downtown without a car, go home to your own secluded waterfront, with forever views of the Puget Sound waters, Cascade mountains,Blake Island, ferry boats and abundant wildlife. There are only twenty walk-in properties located on the north end of Vashon, but each is connected to public sewer and water.

This fixer property will need a new roof (18 years on the current one) and treatment for wood-boring beetles in an exposed corner of the basement before it can be conventionally financed. Annual payments of $1781 pay down the remaining balance on the sewer assessment. Plumbing and wiring are all up to date. Seller will pay up to $600 for a home warranty on all appliances, washer, dryer, refrigerator, stove, microwave, hot water heater (1997).

Other desired improvements include:
--Upgrade main kitchen and bath (knock out walls to expand both bath and smallest bedroom)
--Increase energy efficiency with new windows, insulation, heat pump
--Wood decking over current outdoor deck; new railings
--Convert basement to finished studio living space?

Tax-assessed value of $354K, Zillow value of $376K.

Estimated fixed up value of $450K, with a potential profit of more than $60K for a quick flip, depending on improvements. CASH BUYERS only, includes assignment fee.

Visit here for more photos:
http://vashonwaterfront.shutterfly.com/pictures/8

Marketing flyer, home inspection report and comparable sales available to interested buyers. Showing with signed PSA only; please do not disturb tenants!


Please contact Wendy at HomeLandInvestment@gmail.com or call 888-621-4999 and leave your contact information for more details. Seller is a licensed real estate broker in the state of Washington.

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