9387 Redmond Woodinville Road, Redmond, WA 98052

$1,650,000
4
BD
2
BA
2,000
SqFt

Listing courtesy of Coldwell Banker Danforth.

List Price
$1,650,000
Status
ACTIVE
MLS#
1874062
Days on Market
40
Bedrooms
4
Finished SqFt
2,000
Area Total SqFt
2000
Lot Size (sq ft)
20,473

Property Description

Rare opportunity to develop close-in townhomes. Just minutes to downtown Redmond with convenient proximity to Microsoft, Redmond Town Center, Marymoor Park, and 520, with easy access to Seattle and Woodinville's Wine Country. The site is currently utilized as a duplex but is Zoned R-12. Current preliminary feasibility study indicates the potential to construct a 5 unit townhome building, each on a separate lot. Rental income will reduce holding costs while going through development phases. Adjacent Rivertrail townhomes are selling in the low $900,000s. The site sits above the valley, so townhomes should have wonderful territorial views. Existing duplex is well maintained and consistently rented. Perfect 1031 exchange property or investment.

Additional Information

Community
Downtown Redmond
Style
16 - 1 Story w/Bsmnt.
Basement
Finished
Year Built
1951
Total Covered Parking
1
View
Territorial
Roof
Composition
Site Features
Barn, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio, RV Parking
Tax Year
2021
School District
Lake Washington
Elementary School
Rockwell Elem
Middle School
Redmond Middle
High School
Redmond High
Potential Terms
Cash Out, Conventional
Interior Features
Forced Air, Wall to Wall Carpet, Double Pane/Storm Window, Dining Room, Water Heater
Flooring
Vinyl, Carpet
Driving Directions
GPS
Appliance
Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
Appliances Included
Dishwasher, Dryer, Garbage Disposal, Microwave, Refrigerator, Stove/Range, Washer
Heating/Cooling Type
Forced Air
Water Heater Location
Garage
Water Heater Type
1 electric & 1 gas
Energy Source
Electric, Natural Gas
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