Available
$630,000(ARV: $1,375,000)46% of ARV

King County, Seattle, WA 98116

3 bd1 ba1,320 sfBuilt 1912

15 days ago

Gross spread$745,000

Description

BUILDERS • DEVELOPERS • INVESTORS An approximately 5,750 SF lot with an existing home, a separate-entry downstairs MIL, and a proposed backyard cottage opportunity. The strategy: retain the house and MIL, build and sell one detached cottage, then refinance the retained property for long-term rental ownership. PROPERTY & PROJECT HIGHLIGHTS • Upstairs: 2 bedrooms and 1 full bathroom• Downstairs MIL: 1 bedroom, ¾ bathroom, compact kitchen/living/dining area, and separate entrance• Proposed cottage: Approximately 1,000 heated SF, 3 bedrooms, two stories, and a one-car garage• Access: Rear alley• House cleanup allowance: $10,000-20,000• Project materials, photos, and preliminary underwriting available FINANCIAL OVERVIEW Preliminary underwriting assumptions $700,000 — Projected DADU sale$675,000 — Assumed retained-house value after separation The cottage-sale proceeds after refinancing can recover your cash investment (before income taxes), while you retain the House with MIL. RENTAL OVERVIEW • Upstairs estimated rent: $2,000-$2,400/month• Downstairs estimated rent: $1,300-1,500/month EXPLORE THE PROPERTY View Project Documents View Home Photos & Videos Call or text [contact details hidden] For buyer pricing, property access, and the complete underwriting package.

$/sqft vs market

This deal$477/sqft
Market median$567/sqft
Difference−16% below

Median of 27 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms1
Square feet1,320
Lot size5,750 sf
Year built1912
ConditionLight Rehab
OccupancyTenant Occupied
ParkingDetached Garage

Systems & condition

HeatingOther
Air conditioningNone
FoundationOther

Self-reported by the seller. Not inspected.

Property information

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Views on the source listing101