Horizon View Homes with FHA Terms

Horizon View Homes with FHA Terms

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Newest Horizon View Homes with FHA Terms

$985,000
2543169 MLS ACTIVE Status
This 18,540 sf Lk Forest Park property presents a rare opportunity to acquire a generous parcel of land w/future development potential. The expansive lot is the true centerpiece of this offering, providing ample space for a variety of dev. possibilities, expansion plans, or long-term investment strategies, subject to buyer verification of zoning & municipal requirements. The size/layout of property offer flexibility that's becoming increasingly difficult to find, making it especially appealing to developers & investors. Whether your vision includes adding multiple DADUs, subdivision opportunities, custom constr. or a strategic land hold, the property's value is firmly rooted in its development potential. Adding to the appeal is the existing 4 bed/2.5 bath home, which provides an immediate source of rental income while development plans are explored. Rather than being the primary focus, the residence serves as a valuable holding asset that can generate cash flow & help offset ownership costs during the planning and entitlement process. This creates an attractive combo of current income & future upside. For buyers who recognize the increasing scarcity of developable parcels, this property offers the opportunity to secure land today while maintaining income-producing use of the existing home. The combination of location, usable land & redevelopment potential makes this a compelling investment for property's long-term value. (Back section of lot is fenced separately & unused)

3610 NE 197th Street, Lake Forest Park

Listing courtesy of Pacific Properties.

$985,000
4 Beds 3 Baths 2540121 MLS ACTIVE Status
Privacy & a park-like setting surround this quality-built mid-century modern split-level home in coveted Lake Forest Park, tucked away on quiet cul-de-sac. Situated on a buildable shy half-acre lot, this 4-bed/2.75-bath home offers 1,990 sq ft of living space w/potential for multi-generational living & room for future DADU opportunities. Beautiful oak hardwood floors span main level. Spacious formal LR features stunning floor-to-ceiling brick fpl w/raised hearth & lrg 3-pane view windows. Kitchen includes SS appliances, pantry, garden window, warming lights w/hood & racks above stove & casual eating area w/access to expansive covered patio. Formal dining room also opens to expansive patio & backyard - perfect for indoor/outdoor entertaining. Primary suite features ensuite bath w/lrg walk-in shower. Two additional bedrooms & full guest bath complete this level. Lower level offers spacious family room w/dining area & second floor-to-ceiling brick fpl, office, spacious bedroom & generous full bath w/laundry area. Ideal MIL potential. Beautifully landscaped backyard includes 2 outbuildings, entertaining spaces & wired for hot tub. The fenced land beyond yard's back gate is also part of the 18,540sf lot-so many possibilities! Ample parking & RV/boat parking. No HOA. Deeded membership to Lake Forest Park Civic Club including beach & boat access. Conveniently located near schools, shopping, dining & freeway access. Updates in 2021 include exterior paint, kitchen appliances & gutters

3610 NE 197th Street, Lake Forest Park

Listing courtesy of Pacific Properties.

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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