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$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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