Great Location in Gig Harbor WA for under 300k!!!

[John Di pietro]

Come look at the latest property offered by

Fischer InvestmentsWest!!!!!!

Call Nicole Fischer

360-602-1171

TERRIFIC LOCATION NEAR SEHMEL PARK

IN GIG HARBOR FOR 260K!!!!!!!!!

6727 SEHMEL DR NW GIG HARBOR

2 bed/1 bath plus bonus room, 1200 sq ft on 1.5 acres!!

This property overlooks a very beautiful valley in the area and is quiet, yet close to town. The property has a 16-sided home that could be used as a great rental. The home had an updated electrical panel as well as a new furnace and water heater put in within the last 5 years. The house also has an updated kitchen and bathroom and offers a bonus room along with the listed 2 bedrooms. There are 1.5 beautiful acres on this gorgeous lot, a huge detached garage, fruit trees in this beautiful location near Sehmel Homestead Park! The house recently developed a roof leak after wind storms and will need a new roof. It also has some issues related to run off and will need dirt work to establish a new path for runoff water. Rentometer values rent rates above 2000 per month given location and specs of property.

Another opportunity for this property could be to build a new home on the property. The lot is sloped and could be perfect for new construction with a daylight basement. The eastern side of the property allows for gorgeous views of the valley while also providing lovely landscaping that allows for the entire 1.5 acres to be appreciated! New builds are going for 700+ in this area without the land opportunity this lot has! Rent the current home and generate income while starting the process of a new build!! Below are comps for properties in similar condition and with similar specs and the sale price. I would consider this property to be 3-3.5/5 as it is currently.

Pierce County Parcel Details:

https://epip.co.pierce.wa.us/cfapps/atr/epip/taxvalue.cfm?parcel=0122362001

Rentometer.com Rent Analysis:

https://www.rentometer.com/analysis/3-bed/6727-sehmel-drive-northwest-gig-harbor-washington-98332/J2f-_iRPCFA

Comps for the property as is:

https://www.redfin.com/WA/Gig-Harbor/13413-111th-Street-Ct-NW-98332/home/147129974

3/5 sold for 305k 10/28/18

https://www.redfin.com/WA/Gig-Harbor/6017-129th-St-Ct-NW-98332/home/2761035

3.5/5 sold for 305k 10/31/18

https://www.redfin.com/WA/Gig-Harbor/3506-102nd-St-Ct-NW-98332/home/2511712

3/5 sold for 350k 11/15/18

https://www.redfin.com/WA/Gig-Harbor/6304-51st-Ave-NW-98335/home/2488596

3/5 sold 310k 11/21/18

Comps for New Builds:

https://www.redfin.com/WA/Gig-Harbor/7210-74th-St-Ct-NW-98335/home/22757206

For sale: 874k

https://www.redfin.com/WA/Gig-Harbor/7309-73rd-Avenue-Ct-NW-98335/home/22766728

For sale: 900k

https://www.redfin.com/WA/Gig-Harbor/7801-76th-Ave-NW-98335/home/22792343

Sold for 850k 9/19/18

https://www.redfin.com/WA/Gig-Harbor/6308-65th-Ave-NW-98335/home/22791658

Sold 740k 11/2/18

https://www.redfin.com/WA/Gig-Harbor/7615-78th-St-NW-98335/home/17384085

Sold 998k 10/30/18

THIS WON’T LAST LONG!!

PRICE: 260K!!!!!

CASH BUYERS ONLY!!!

CALL NICOLE FISCHER AT FISCHER INVESTMENTS WEST

360-602-1171

[email protected]