All Forum Posts by: John Di pietro

John Di Pietro

 Hey Mark call the The number on the advertisement and talk to my partner Nicole Fisher .Gig Harbor is right next to Olala

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]

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]

Come look at the latest property offered by

Fischer Investments West!!!!!!

Call Nicole Fischer

360-602-1171

AMAZING OPPORTUNITY IN OLALLA FOR 115K!!!!

4911 Pine Lake Blvd Olalla, WA

2 bed/2 bath Mobile Home WITH AN ADDITIONAL UNIT!!!

ARV 240-250k

Estimated Repairs: 50-60k

THIS HITS THE 70% RULE!! 

The address for this property is 4911 Pine Lake Blvd in Olalla. There is a 1977 mobile home currently on the property. The mobile is a 1977 double wide mobile home that has 2 beds/2 baths and 1788 sq ft. The property also offers an entirely separate second unit that contains an additional kitchen, bathroom, 3 bedrooms, and a spacious living room. RENT EACH UNIT and make great cash on cash return!!! The lot is flat, has a 2 bedroom septic on it, is connected to power, and is already connected to water. The property has a large backyard in a quiet neighborhood and is close to Gig Harbor North and the freeway!!

There are multiple options with this property! The first option would be to rehab the mobile and sell it. Approximate rehab costs for mobile are 50-60k. ARV 240-250k with multiple sold comps within the last 3 months.

The second option for this property would be to rehab it and rent it! There is a huge opportunity for positive cash flow given the multiple dwellings as well as the awesome location!!

Kitsap County info:

Tax Assessed: https://psearch.kitsapgov.com/pdetails/Details.aspx?parcel=4852-001-007-0002&page=valuetaxhistory

Land Info:

https://psearch.kitsapgov.com/pdetails/Details.aspx?parcel=4852-001-007-0002&page=landlocation

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 in the same neighborhood:

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: 115K!!!!!

CASH BUYERS ONLY!!!

CALL NICOLE FISCHER FOR MORE INFO!!!

FISCHER INVESTMENTS WEST

360-602-1171

[email protected]