Terrific Opportunity near Gig Harbor WA for 105k!!

1 Reply

Price $105,000
Location 15100 Rosemary Loop , Olalla, WA, 98359
Property Details

Single Family Residence

  • Current Rent: $1,200
  • Square Footage: 1440
  • Bedrooms: 2
  • Bathrooms: 2.0
  • Occupied: No
  • Lot Size: 12600

Come look at the latest property offered by

Fischer Investments West!!!!!!

Call Nicole Fischer

360-602-1171

AMAZING OPPORTUNITY IN OLALLA FOR 105K!!!!

15100 Rosemary Loop Olalla, WA 98359

2 bed/2 bath Mobile Home on beautiful corner lot!!!

ARV 230-240k

Estimated Repairs: 50-60k

THIS HITS THE 70% RULE EVEN IN THE SLOWING MARKET!!!!!

The address for this property is 15100 Rosemary Loop Olalla 98359. There is a 1978 mobile home currently on the property. The mobile is a double wide and is listed as 1400 sq ft with 2 beds and 2 full baths. The lot is flat, has a 2 bedroom septic on it, and is already connected to water.

There are multiple options with this property! The first option would be to rehab the mobile. The mobile could be fixed up and rented for 800-900 per month. Approximate rehab costs for mobile are 50-60k. ARV 230-240k with multiple sold comps within the last 3 months.

This is a CORNER LOT lot is .34 of an acre and would need little dirt work for a new build. There are two other new homes going in next to this lot (not including the comps listed below). Lumber used to build garage can be salvaged including expensive roof trusses. Come build in a new gentrifying area of Olalla!!! New builds in this area are being sold for 500+ (see comps listed below).

Kitsap County info:

Tax Assessed: https://psearch.kitsapgov.com/pdetails/Details.aspx?parcel=4873-000-010-0004&page=valuetaxhistory

Land Info:

https://psearch.kitsapgov.com/pdetails/Details.aspx?parcel=4873-000-010-0004&page=landlocation

Comps for the current condition:

https://www.redfin.com/WA/Gig-Harbor/3915-154th-Street-Ct-NW-98332/home/145985841

Land sold for 100k 9/28/18 (no utilities, dirt work, tree removal done

https://www.redfin.com/WA/Gig-Harbor/8111-101st-St-NW-98332/home/22773378

Land sold for 138k 11/5/18 .63 acre (utilities on site)

ARV Comps:

14454 Wiley Lane SE

1999 mobile home 3/2 1782 sq ft

Sold 242,500 12/13/18

https://www.redfin.com/WA/Olalla/14454-Wiley-Ln-SE-98359/home/2443285

15180 Rosemary Loop RD SE

1985 mobile home 3/2 1809 sq ft

Sold 232k 12/20/18

https://www.redfin.com/WA/Olalla/15180-Rosemary-Loop-Rd-SE-98359/home/2444413

5234 SE Pine Lake BLVD SE

1988 mobile home 2/2 1538 sq ft

Sold 245k 11/5/18

https://www.redfin.com/WA/Olalla/5234-SE-Pine-Lake-Blvd-98359/home/12332472

Comps for New Construction:

https://www.zillow.com/homes/for_sale/Olalla-WA/pmf,pf_pt/242749849_zpid/33229_rid/globalrelevanceex_sort/47.475679,-122.492495,47.396373,-122.66244_rect/12_zm/

For sale 599k

https://www.zillow.com/homes/for_sale/Olalla-WA/pmf,pf_pt/242749848_zpid/33229_rid/globalrelevanceex_sort/47.475679,-122.492495,47.396373,-122.66244_rect/12_zm/

For sale 599k

PRICE: 105K!!!!!

CASH BUYERS ONLY!!!

CALL NICOLE FISCHER

FISCHER INVESTMENTS WEST

360-602-1171

[email protected]

Hi, I left a voicemail with Nicole.  I am interested in discussing these properties if they are still available, please call or email me at your earliest convenience.  206-321-1131, [email protected]

Thank you, 

Ryan Parrott

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