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Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity

$725,000
11122 Angeline Rd E, Bonney Lake, WA 98391
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
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Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity
Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity

  • First Look Status

  • 3 Beds

  • 1.5 Baths

  • 1,609 Sq.Ft. Area

  • 2.01 Acres Lot

  • 1959 Year Built

$725,000

Remodeled Mid-Century Rambler + Approved 6 Lot Short Plat Development Opportunity

3 Beds 1.5 Baths 1,609 Sq.Ft. 2.01 Acres

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Description

4.0% BUYER BROKER COMPENSATION if closed on or before 11/01 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

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Location

11122 Angeline Rd E, Bonney Lake, WA 98391

Status

First Look

Features & Amenities

Interior

Total Bedrooms 3
Total Bathrooms 1.5
Full Bathrooms 1
Half Bathrooms 1
Flooring Ceramic Tile, Wall to Wall Carpet, Vinyl Plank

Exterior

Stories 1
Garage Space 1
Water Source Public, City of Bonney Lake
ROOF Composition
Lot Features Paved Street, Value In Land, Buildable Lot, Garden Space, Level, Pasture, Wooded, Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking
Parking driveway, detached garage
Heat type Baseboard
Air Conditioning none

Area & Lot

Status First Look
LIVING SPACE 1,609 Sq.Ft.
TOTAL AREA 1,609 Sq.Ft.
LOT SIZE 2.01 Acres
MLS® ID 2581121
Type Residential
Year Built 1959
Neighborhood Bonney Lake
ELEMENTARY SCHOOL Victor Falls Elem
MIDDLE SCHOOL Lakeridge Middle
HIGH SCHOOL Bonney Lake High
School District Sumner-Bonney Lake

Financial

SALES PRICE $725,000
Buyer Agency Compensation 4%
REAL ESTATE TAXES $7,817/yr

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Kimber Lee Real Estate

(253) 921-1551
[email protected]

Address

21108 WA-410
Bonney Lake, WA 98391