3610 NE 197th ST, Lake Forest Park, WA 98155
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3610 NE 197th ST, Lake Forest Park, WA 98155,Video Tour
3610 NE 197th ST, Lake Forest Park, WA 98155
3610 NE 197th ST, Lake Forest Park, WA 98155
3610 NE 197th ST, Lake Forest Park, WA 98155
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Leah Courage

Leah Courage

+1(360) 298-0273
Listed by:Pacific Properties • George Caudill
$ 998,000
Est. payment /mo
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3610 NE 197th ST Lake Forest Park, WA 98155

0.43 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Lake Forest Park

MLS Listing ID 2543169

Style 40 - Res-Less thn 1 Ac

Annual Tax Amount $3,678

Lot Size 0.426 Acres

Property Sub-Type Land

Property Description

This 18,540 sf Lk Forest Park property presents a rare opportunity to acquire a generous parcel of land w/future development potential. The expansive lot is the true centerpiece of this offering, providing ample space for a variety of dev. possibilities, expansion plans, or long-term investment strategies, subject to buyer verification of zoning & municipal requirements. The size/layout of property offer flexibility that's becoming increasingly difficult to find, making it especially appealing to developers & investors. Whether your vision includes adding multiple DADUs, subdivision opportunities, custom constr. or a strategic land hold, the property's value is firmly rooted in its development potential. Adding to the appeal is the existing 4 bed/2.5 bath home, which provides an immediate source of rental income while development plans are explored. Rather than being the primary focus, the residence serves as a valuable holding asset that can generate cash flow & help offset ownership costs during the planning and entitlement process. This creates an attractive combo of current income & future upside. For buyers who recognize the increasing scarcity of developable parcels, this property offers the opportunity to secure land today while maintaining income-producing use of the existing home. The combination of location, usable land & redevelopment potential makes this a compelling investment for property's long-term value. (Back section of lot is fenced separately & unused)

Location

State WA

County King

Area 720 - Lake Forest Park

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available

View Y/N Yes

View See Remarks, Territorial

Garage Yes

Building

Lot Description Cul-De-Sac, Dead End Street, Open Space, Paved

Sewer Available, On Property

Water On Property, See Remarks

Schools

Elementary Schools Lake Forest Park Ele

Middle Schools Kellogg Mid

High Schools Shorecrest High

School District Shoreline

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Leah Courage

Leah Courage

Co-Founder & Principal Broker | Chief Brand Officer

+1(360) 298-0273

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3610 NE 197th ST