Bellevue house with lots of potential. 2 bedroom 2 bath (2nd bath upstairs was being used as a bedroom).
I spoke with the Bellevue Code Enforcement Officer about the property. He did a thorough walkthrough of the property and does NOT believe it needs to be demoed. The building is currently condemned for being “uninhabitable”. There was a roof leak that was not taken care of properly.
The front porch is falling down and the left side of the house has bowing in the framework. This will need to be repaired.
No question this is a larger project, but at $10k, there is profit to be made.
ARV
$170,000
COMPS
$181,600 – sold 4/20/17 – 144 Van Voast
$179,900 – sold 9/29/17 – 112 Van Voast
$160,000 – sold 1/31/18 – 109 Van Voast
*This property is under contract for purchase, and I am assigning my interest in the contract.