Mountlake Terrace Homes with Rehab Loan Terms

Mountlake Terrace Homes with Rehab Loan Terms

Mountlake Terrace: A Hidden Gem in Snohomish County, Washington

Located in Snohomish County, Washington, Mountlake Terrace is a charming city that offers a perfect blend of suburban comfort and urban convenience. With its close proximity to Seattle and stunning natural surroundings, this hidden gem is an ideal place for those looking to settle down in the Pacific Northwest.

Mountlake Terrace is known for its family-friendly atmosphere and strong sense of community. The city boasts top-rated schools, numerous parks, and recreational facilities, making it an excellent choice for families with children. Residents can enjoy outdoor activities such as hiking, biking, and fishing in the nearby Mountlake Terrace Park or explore the serene beauty of Lake Ballinger.

One of the standout features of Mountlake Terrace is its accessibility. With easy access to major highways and public transportation, commuting to Seattle or other neighboring cities is a breeze. The city is also home to a variety of shopping centers, restaurants, and entertainment options, ensuring that residents have everything they need within reach.

For those looking to invest in real estate in Mountlake Terrace, the availability of homes with rehab loan terms is a major advantage. These properties offer the opportunity to purchase a home in need of renovation, with the added benefit of financing the improvements through a rehab loan. This allows buyers to customize their new home to their liking and increase its value over time.

In summary, Mountlake Terrace is a vibrant city with a strong sense of community, excellent schools, and convenient access to amenities. With the availability of homes with rehab loan terms, it presents a unique opportunity for buyers looking to invest in real estate in this beautiful corner of Washington state.

Newest Mountlake Terrace Homes with Rehab Loan Terms

$550,000
4 Beds ⋅ 2 Baths ⋅ 2487388 MLS ⋅ ACTIVE Status
Owned by one family for over 50 years! Huge lot over 14,000 sq ft with small fir tree forest behind home and value in land and location near light rail station for easy commute to downtown events or airport. Home is a great project for a handyman refresher, fix and flipper, or a total new build with ADU possibilities. It has a giant detached shop/garage out back for the weekend tinkerer or inventor in you. Tons of potential here, come and check it out! Home has red tag for unpermitted work that was done on the main house 48 years ago...see details in listing docs, call for more info, this is already a remodel home, several lending ideas/options listed below! Seller would like to TRANSFER PERMIT TO BUYER and allow buyer comply with the code items and also simultaneously remodel as they like. Seller does not want to remodel, PRICED to sell AS IS. Property priced to be sold "as is", seller prefers buyer to take over the permit and do repairs to their liking. Pre-inspection available, all systems working when occupant vacated just before listing date, buyer to verify all information to their satisfaction. An FHA 203K financing loan can be done to allow up to $75K in remodeling & up to 110% of completed value & optionally even 6 months of mortgage payments & then could even refi to Conventional loan after work done. Or a rehab loan. Both of these can potentially be done in tandem w/the red tag & should be no issues with the appraisal as per lender consultations.

23906 60th Avenue W, Mountlake Terrace

Listing courtesy of eXp Realty.

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