For sale in Seattle: Boarded-up house for nearly half a million dollars

[Yo_Mama_Been_Loggin]

Here’s another glaring example of how expensive Seattle’s housing market is getting.

An 117-year-old, boarded-up, overgrown, two-bedroom house with tarps covering parts of the roof and chunks of siding missing from the walls, is on the market for nearly half a million dollars.

The Greenwood property, with a price tag of $448,000, has been on the market for about a month, said Marius Grigoriu, the listing agent with ALLPRO Real Estate. He’s received several calls from potential buyers, interested in the lot at 8737 1st Ave NW.

“Huge potential for builders and investors!” the home’s Redfin listing exclaims.

http://www.king5.com/money/markets/real-estate/boarded-up-overgrown-seattle-house-on-market-for-nearly-half-a-million-dollars/450974790

https://www.redfin.com/WA/Seattle/8737-1st-Ave-NW-98117/home/100606#overview

[tazkcmo]

1. Huge potential

to lose your ass when that market bubble bursts. That's not even good plywood. Pffft.

[cilla4progress]

2. Clearly

a teardown.

[RKP5637]

3. Wow, just wow!!! n/t

[Shrike47]

4. I checked Zillow. It.'s being sold as a tear-down. Lot is big enough to build on.

[KT2000]

5. must be land value only

Someone will buy it and put up multi-family dwellings if zoning allows.

A one and a half lot sold in Ballard for $750,000. They are now building 2 tall homes to sell.

People are also paying very high property taxes on their homes in Seattle too.