Cute house on a large corner, double lot, investors dream property, in one of Seattle's most desirable neighborhoods, on the border of Maple Leaf, Green Lake, & Roosevelt. Lot size = 7,440 SqFt. See this blog for more information: ( http://makememovesea8267.blogspot.com/2017/07/im-open-to-competitive-offers-for-this.html ) Lot has an ideal location for a backyard cottage (DADU) which could be developed and sold separately as a condominium, which is a new technique that developers are using to fit two units on a single lot (if you are an astute developer/investor, you probably already know about this emerging technique). Given the size of this corner lot, and the location of the existing house, this is a perfect lot for such a development. Other, new construction DADUs in the area, are renting for ~$2,500/mo. Walking distance to Green Lake (3/4 mile), and Maple Leaf Park (1/4 mile). Will be 1 mile from 2 different LINK rail stations when they are completed in 2-3 years (Roosevelt LINK and North Gate LINK). One block from business district with 2 restaurants and a coffee shop (Kona Kitchen, Flying Squirrel Pizza, and Cafe Javasti Coffee & Crepes). Many bus lines within walking distance, with routes to Downtown, SLU (Amazon), the University District, and others. House has move in ready main floor with 2 bedrooms, bathroom, kitchen, living, dining, 2 decks, and new siding. Basement, with internal stairs, and separate outside entrance, could be finished as either 2 more bedrooms (has legal egress windows installed, and most of the framing, insulation, and wiring), and has a full bath plumbed (not yet finished). Basement could alternatively be finished as rentable Mother In Law unit. As Seattle’s population continues to grow, and as the city looks for ways to allow density, there is a strong chance that this double lot will be allowed to subdivide. All of the leading mayoral candidates have talked about adding density to our Single Family neighborhoods, and this location is ideal for that. Property has 4 off street parking spots, 2 covered, and 2 on a gravel pad next to carport. Carport is currently setup as a shop, but very easy to convert back to carport. The lot is also the highest lot (elevation) on the block. If built to max height, no other houses can block the views to the Olympics to the west, or to Downtown to the South. Would also have views of Green Lake, and Mt Rainier. I am working on the basement, and if I finish it by Sep/Oct, then I will probably list this via a regular broker, but I’m open to an offer from an astute investor now. That way you can finish the basement as you like (ADU/MIL or extension of the main house).
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
