23906 60th Avenue W

Mountlake Terrace, WA 98043

  • 4 Bed

  • 2 Bath

  • 1344 SqFt

  • 15 DOM

  • Built: 1949

  • Status: Active

$550,000

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23906 60th Avenue W

Mountlake Terrace 98043

$550000

  • 4 Bed

  • 2 Bath

  • 1344 SqFt

  • 15 DOM

  • Built: 1949

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

Owned by one family for over 50 years! Huge lot over 14,000 sq ft with small fir tree forest behind home and value in land and location near light rail station for easy commute to downtown events or airport. Home is a great project for a handyman refresher, fix and flipper, or a total new build with possibilities for plat splitting, or corporate buildout. It has a giant shop out back for the weekend tinkerer or inventor in you. Tons of potential here, come and check it out! Back on the market...home was red tagged for unpermitted work...see details in listing docs, call for more info, this is already a remodel home, several lending ideas/options listed below! Property priced to be sold "as is", seller will not be making any repairs other than possibly to comply with code. Pre-inspection form available, all systems working when occupant vacated just before listing date, buyer to verify all information to their satisfaction. Red Tag on property is being addressed for unpermitted work, some code repairs could be made by seller for a Conventional loan or City also allows a transfer to buyer to remedy as they wish. An FHA 203K financing loan can be done to allow up to $75K in remodeling & up to 110% of completed value & optionally even 6 months of mortgage payments & then refi to Conventional loan after work done. Or a rehab loan. Both of these can potentially be done in tandem with the red tag & should be no issues with the appraisal as per lender consultations.

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