West Seattle | Gatewood—Seller Representation

2BD/1BA/1CG with 850 livable sq. ft. built in 1962, but comprehensively renovated in 2023, on an 8,367 sq. ft. lot.

Congratulations to my Seller-Clients!

They purchased the subject home in 1985 for $68,000 and operated it as a rental property for years. Most recently rented for 1,850 $/month. The home was in significant disrepair.

Based on comparable sales, the property in As-Is condition, would likely have sold for approximately $425,000, however, the Sellers chose to invest over $115,000 in a significant remodel.

The Gain on Sale in August 2023 at a sales price of $674,000 was $143,246. The current estimated long-term rental range is 2,500 to 2,800 $/month and projected short-term/vacation gross rental income is approximately 30,000 to 40,000 $/year.

I’d be happy to help you or someone you know prepare and list their property to maximize value for the Sellers.