HOT 8614 MADRONA LN EDMONDS, WA 98026

Features

• Price/sqft: $319
• Lot Size: 0.31 acres
• Total Units: 1
• Total Rooms: 6
• Stories: 100
• Roof Type: Composition Shingle
• Heating: Hot Water
• Construction Type: Frame
• Exterior Walls: Brick veneer

Facts

• Year Built: 01/01/1954
• Property ID: 653341720
• Parcel Number: 005047-002-010-00
• Property Type: Single Family Home
• County: SNOHOMISH

Description

This property is offered for sale directly by the owner. For Sale By Owner homes, also known as FSBOs, can be a good buying opportunity, because the owner will save up to 6% when there are no brokers involved in the transaction. This leaves more room for price negotiation and potential buyer savings.

This listing is NOT a foreclosure. A nice four bedroom brick rambler with two bathrooms, recreational bonus room, two fireplaces, hardwood floors, fenced in backyard and a two car garage in Edmonds for sale. The asking price is only $649,000 - FSBO. The average price per square foot in this nice quite Edmonds neighborhood is $316 to $398+ per sq. ft. - however, this house is attractively priced at the lower-end of the market at $319 sq. ft. - which makes for a great deal in today's hot seller market. 4 bedrooms, 2 baths 2,033 sq. ft. for sale at $640k which equates to $315 per sq. ft. and a Good Deal - Zestimate is $709,000 = $349 per sq. ft. This is an excellent deal in a Seller's market at only $649,000. Additional Benefits: 1. Price is discounted $60,000+ which already accounts for the minor repairs needed of approximately $25,000 - thus equaling a net discount price of $35,000+ below market value supported by recent comps - see below. 2. Comps within a three block radius over the past year - A. $316, B. $398 C. $336 = $350 average - this nice Edmonds investment opportunity is only $315 per sq. ft. 3. Appliances included. 4. FSBO - Buyers can work directly with the Seller - no realtors or MLS listing platform. COMPS: A) Edmonds, WA 98026 3 beds 1.5 baths 1,964 sq. ft. = $316 SOLD: $620,000 Sold on 07/12/18 Zestimate: $635k+ B) Edmonds, WA 98026 3 beds 2 baths 1,533 sq. ft. = $398 SOLD: $610,000 Sold on 05/21/18 Zestimate: $630k+ C) Edmonds, WA 98026 4 beds 3 baths 1,902 sq. ft. = $336 SOLD - 12/2018 $640,000+ Zestimate: $648k+ Average Median Price = $350 sq. ft. Tax assessment is 352,300 making this a really good deal. If you have an interest and are a serious qualified buyer with bank pre-approval - please feel free to email or call me directly to discuss further or to schedule an appointment. Showings by appointment only. Buyers only is preferred. No solicitation for listing or services. This home has a large fenced park like backyard with fruit trees, beautiful mature plants and shrubs in a quite friendly neighborhood with neighborhood watch and block parties yet is still conveniently located a few blocks from a bus line and convenient grocery store/retail center in Edmonds. In addition, the Edmonds school district is one of the top school districts in the state.

Hot Homes

Bargain Price Bargain Buy - Save Over 20% The Asking Price for this home is at least 20% below the Estimated Value. Buying a home at a price below the market value can save thousands of dollars and create wealth in home equity faster.