MASSIVE Spread in Port Townsend WA

Jefferson County, Port Townsend, WA, 98368
Sold
Listed at: December 21st, 2023
Price
$200,000
ARV
$390,000
Gross Margin
$190,000
Sq. Footage
1188
Type
Manufactured
Parking
Driveway
Year build
1995
Lot size
0.48 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Massive spread opportunity with minimal work in Port Townsend WA. Medical situation urgent timeline motivated seller needs to move fast fast. Priced accordingly. Contract for Assignment at 200k with ARV of 390k+ -> put in 35k and have a 155k spread on the back end even if you list under market value.

1188 sq ft manufactured home on almost a half acre, 3 bed 2 bath. Recently updated all new bamboo floors, 1 year old fridge, washer dryer and stove all convey. New cabinets and countertops 3 years old. Remodeled one of the bathrooms. Septic system was just full flushed out 18 months ago.

REPAIR NEEDED/Repair est

Needs a new roof, fresh coat of paint, one new toilet and some minor landscaping would go a long way. Est 35k.

COMPS:

144 Kala Point Drive, Port Townsend, WA 98368

^almost identical to subject property but this one has all original floors and interior and our subject is a 3/2 and this is a 2/2

32 N Victory Avenue, Port Townsend, WA 98368

^newer build but on smaller acerage, and a 2/2 not a 3/2



Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Daniel Burke-Aguero

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Disposition manager