Provided by NWMLS, Listed by Kimber Lee, 253-863-4406 at John L. Scott R.E. Lake Tapps

$688,750

11122 Angeline Road E, Bonney Lake, WA 98391

Bedrooms

3
Full Bath

1
Half Bath

1
Sq.Ft.

1,609

Property Description

**FHA ASSUMABLE LOAN AT 4.25%** A rare opportunity to own 2 usable acres on a private, park-like oasis. APPROVED 6-home short plat already in place, creating immediate flexibility for today & significant development potential for the future! Renovated in 2024, this 3-bedroom rambler offers an open floor plan w/LVP flooring, bay window, wood-burning fireplace & an updated kitchen w/ample bar seating. Primary bath suite features a garden tub framed by bay windows overlooking the backyard. Step outside to an extended patio & sprawling, fully fenced backyard offering exceptional usable open space, accented by established trees for shade & privacy. 2-car garage, RV/Boat parking & extended driveway, just mins from shopping & daily essentials. Beyond the move-in-ready home, the property offers multiple paths forward: enjoy the acreage as-is, explore ADU potential, develop later, or execute the approved 6-home short plat. A comprehensive turn-key development package includes architectural renderings, floor plans, geotech & hydro reports, retaining wall design, surveys, pricing recommendations, financials & estimated build costs. Feasibility work has already been completed, plans are established w/professional builder & construction may potentially begin ~4 months. Broker-projected net project profit: $1,070,462! A compelling property for homeowners, builders & investors alike. Award-winning Sumner-Bonney Lake School District

Overview

Property Status

For Sale

Lot Size

2.01 Acres

MLS ID

2596783

Property Type

Residential

Year Built

1959

Are you interested?

Schedule a Tour

or Contact

Kimber Lee

(253) 921-1551 [email protected]

Bryce Lee

(253) 318-2234 [email protected]

Features & Amenities

Total Area

1,609 Sq.Ft.

Neighborhood

Bonney Lake

Architecture Styles

Traditional

View Description

Mountains, See Remarks, Territorial

Stories

1

Water Source

Public

Roof

Composition

Lot Features

Paved, Value In Land

Parking

Attached Garage, RV Parking

Heat Type

Baseboard

Air Conditioning

None

Fireplace

Wood Burning

Appliances

Dishwasher, Dryer, Microwave, Refrigerator, See Remarks, Stove(s)/Range(s), Washer

Other Interior Features

Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Pantry, Water Heater, Wired for Generator

Sewer

Septic Tank

Substructure

Poured Concrete

Security Features

Fully Fenced

Other Exterior Features

Wood, Wood Products

Elementary School

Victor Falls Elem

Middle School

Lakeridge Middle

High School

Bonney Lake High

School District

Sumner-Bonney Lake

Sales Price

$688,750

Real Estate Tax

$7,817/yr

Are you interested?

Schedule a Tour

or Contact

Kimber Lee

(253) 921-1551 [email protected]

Bryce Lee

(253) 318-2234 [email protected]

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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11122 Angeline Road E

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Why Choose Bonney Lake, WA as Your New Home? Living in Bonney Lake, Washington truly is a dream come true for those seeking a vibrant community with small-town charm and big-city amenities. As the fifth largest city in Pierce County, Bonney Lake has experienced remarkable growth while maintaining its residential character and deep sense of community that residents cherish. The city of Bonney Lake boasts a diverse and welcoming population of 57,691 people, with a median age of 37 and an average individual income of $54,868. Established in 1853 but not officially incorporated until 1949 with just 327 residents, Bonney Lake has transformed into one of Washington State's fastest-growing cities. This thriving Washington community offers the perfect blend of natural beauty, excellent schools, and neighborly connections that make it an ideal place to live, and work.

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$688,750

11122 Angeline Road E, Bonney Lake, WA 98391

3

1

1

1,609

Property Description

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Interior & Exterior

School Information

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