6025 25th Avenue, Seattle, WA 98115
Near: University Village/University of Washington
Current Listed Price: $349,125
MLS #: 11286
Why do I like it?
This home has only been on the market for 3 days so far…I’m actually surprised there hasn’t been an offer on it yet. It’s 2270 Sq. Ft. with a basement that offers room to build a few more bedrooms. This is important because the home is near the University of Washington…hence, the rental market is very steady. A comparable market analysis of this home would put the value around $500,000. So why is this one so much less? First of all, it’s bank owned…so this home is sold as-is. The good news is that it’s probably already gone through the short sale process, probably went to auction and didn’t sell…and now this is what the bank is willing to take for it. Second – it’s on a busy road. Maybe not the most desirable location if YOU are going to live there…but it IS desirable when you’re marketing your home for an incoming class of renters. Put a sign and a phone number out…and you’ll be able sit back, get calls, and collect the rent.
Want to go see it? Contact me and I’ll set up a showing.
Filed under: Hot Properties! |