Single Family auction Lake Stevens, WA - 7912-11th-St-NE-Lake-Stevens-WA-98258, 928791298258 | Hubzu
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7912 11th St NE
Lake Stevens, WA 98258
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Description
This magnificent home features open, spacious living areas, abundant natural light, and luxurious finishes. This home has seven bedrooms and six bathrooms and is perfect for a growing family. Spend your time in a gourmet kitchen with high-end appliances and modern cabinetry. The main floor also includes a home office, ideal for those who work from
This magnificent home features open, spacious living areas, abundant natural light, and luxurious finishes. This home has seven bedrooms and six bathrooms and is perfect for a growing family. Spend your time in a gourmet kitchen with high-end appliances and modern cabinetry. The main floor also includes a home office, ideal for those who work from home. Welcome Mom and treat her like a queen with her beautiful mother-in-law quarters. The large lot offers plenty of space for outdoor activities and entertaining. This dream home is a must-have!

Property SF: 3,600
Fix and Flip or Rental: Rental
Wholesale Price: $860,000
Rehab Cost: $20k max
After Repair Value: 1,300,000
Projected Net Profit: 125k

Property Information
Building Type: sfr
Real Estate Tax: $7,171.00
Vacant: no, need time to find new spot (by 7/18/23) will pay 1,500 monthly until then
Owner Occupied: yes
Parking: Attached, two garages
Construction Details:
Facade and Exterior:
Roof: Composition within 10 yrs good
Electric: within 10 yrs good
Heating: Forced Air - gas
Plumbing: good
Laundry: yes
Sewer: n/a
Water: n/a
Zoning: PRD-7,200

Fix and Flip
Wholesale Price: $ 860k
Rehab Cost: $20k max
After Repair Value: $ 1,300,000
Projected Net Profit: $ 125k

Property Information
Building Type: sfr
Beds: 6
Baths: 5
Real Estate Tax: $7,171.00
Vacant: no, need time to find new spot(by 7/18/23) will pay 1,500 monthly until then
Owner Occupied: yes
Roof: Composition within 10 yrs good
Electric: within 10 yrs good
Heating: Forced Air - gas
Plumbing: within 10 yrs good
Laundry: yes
Zoning: PRD-7,200
Projected Financials: The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.
Fix and Flip
Investment Type sfr
Cost 20k
Wholesale Price $860k
Rehab Cost $20k
Estimated closing costs $17,200
Estimated holding costs $3,695
Estimated selling costs (5% of ARV) $65k
Total Initial Investment: $965,895
Estimated After Repair Value $1,300,000
Total Estimated Investment $965,895
Projected Net Profit: $334,105

SEE COMPS ATTACHED IN THE DOCUMENTS SECTION BELOW
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Sheriff's Appraised Value
This is an estimate of the property's value as determined in accordance with Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.17. Ohio state law does not require an appraisal by a licensed or certified appraiser and interior inspections are not normally performed. Bidders should not rely on this stated value in deciding whether and how much to bid.
Sale Deposit
The amount and timing of the Sale Deposit is prescribed by Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.211. Failure to timely submit the Sale Deposit may result in invalidation of the sale.
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Property Details for 7912 11th St NE
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Interior Details
Beds: 6 Beds
Full Baths: 5 Baths
Land Info
Lot Size: 9,148 Sq. Ft.
Size: 3,600 Sq. Ft.
Property Info
Year Built: 2013
Type: Single Family
Property ID: 928791298258
County: Snohomish
Other Property Info
Sub Division: NA
MLS ID: NA
HOA Dues: $700 MONTHLY
Property Fees
Technology Fees: -
(Buyer Pays at Closing).
Buyer's Agent Commission: Not offered
All offers must be submitted through Hubzu.com. Offers sent via email and fax will not be considered.
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* The investment calculator and its calculations are for information purposes only. You acknowledge that these are estimates only and that (a) there are uncertainties inherent in making such estimates, forecasts, plans and projections and that you are familiar with such uncertainties, and (b) You will take full responsibility for conducting your own evaluation of the adequacy and accuracy of such estimates, forecasts, plans and projections and (c) You shall have no Claim against Altisource and its affiliates with respect to such estimates, forecasts, plans or projections. Accordingly, Altisource and its affiliates are making no representation or warranty with respect to such estimates, forecasts, plans and projections (including such underlying assumptions).

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What is an assignment contract in real estate?
An assignment contract is a legal agreement that allows one party (the assignor) to transfer their rights and obligations under an existing contract to another party (the assignee) before closing.
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