0 12th Avenue NE Shoreline, WA 98155
Listing Courtesy of: Northwest MLS / Windermere Real Estate/Shoreline / JC Gagnaire
$1,300,000

  0 12th Avenue NE Shoreline, WA 98155

Active (149 Days)

Description

INVESTORS! A diamond in the rough. Buy & hold for future phenomenal returns. Located in an emerging Shoreline neighborhood seven blocks from the future 145th St Light Rail station (2025) and to shopping convenience to a variety of fine dining, bars/pubs, groceries, clothing, banking, fast Food, expresso stands and healthcare. Flat, rectangular lot that supports 15-Units in 2022 or 245+ units in 2033 (Phase 2 rezone to MUR70 takes effect in 2033). This zone is intended to provide the highest density for development in Shoreline. Up to 7 stories tall or 140 feet height allowed when meeting specific requirements. Fantastic long term hold investment. Buy now, sell in 2033 with a potential for 20% average annual returns. Incredible land value.

MLS #:
1965818
Taxes
$30,353(2022)
Lot Size
1.16 acres
Type
Land
Building Name
Paramount Park Div 02
Style
Res-Over 1 Acre
School District
Shoreline
County
King County
Community
Briarcrest
Bathroom Details
Subdivision
  • Briarcrest
Lot Information
  • Paved
  • Open Space
Utility Information
  • Utilities: Electricity Connected, Natural Gas Available
  • Sewer: In Street
Additional Listing Info
  • Selling Office Commission: 2.5%
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Nov 07, 2022
Price Changed
$1,300,000
-21%
-350,000
Aug 23, 2022
Price Changed
$1,650,000
-3%
-50,000
Jul 08, 2022
Original Price
$1,700,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2022 12/4/22 09:49. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.