Mountlake Terrace Homes with Rehab Loan Terms

Mountlake Terrace Homes with Rehab Loan Terms

Located in the picturesque city of Mountlake Terrace, Washington, this neighborhood offers a charming and welcoming community for its residents. Situated in Snohomish County, Mountlake Terrace is a hidden gem that offers a tranquil suburban lifestyle while providing easy access to the vibrant city of Seattle.

With its close proximity to major highways and public transportation options, Mountlake Terrace is an ideal location for those seeking a balance between peaceful living and urban convenience. Residents can enjoy a short commute to downtown Seattle for work or leisure activities, while also benefiting from the serene atmosphere of this residential area.

One notable aspect of the homes in Mountlake Terrace is the availability of rehab loan terms. This means that buyers have the opportunity to purchase a property in need of renovations or repairs and finance the costs of these improvements into their mortgage. This can be an excellent option for buyers looking to customize their new home to their specific tastes and preferences.

Whether you're a first-time homebuyer or looking to upgrade to a larger property, Mountlake Terrace offers a variety of housing options to suit different budgets and lifestyles. From cozy single-family homes to spacious townhouses, there is something for everyone in this charming neighborhood.

In addition to its convenient location and housing options, Mountlake Terrace boasts an array of amenities including parks, recreational facilities, and top-rated schools. Residents can take advantage of the beautiful natural surroundings, explore local trails, or enjoy a game of tennis at one of the community parks.

Overall, Mountlake Terrace is a desirable neighborhood that offers a perfect blend of tranquility and convenience. With its rehab loan terms and attractive housing options, this area presents an excellent opportunity for homebuyers looking to settle down in a welcoming community.

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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