Clyde Hill Spanish Modern

Clyde Hill, WA
Magnolia Seattle modern colonial home exterior
*Not actual property photo. Used to show design intent.
Available Equity

$711,000

Remaining Equity

FUNDED

Purchased to Value

37%

Projected Return

30%

Magnolia Seattle modern colonial home exterior at night
*Not actual property photo. Used to show design intent.
Magnolia Seattle modern colonial stair well with tiles
*Not actual property photo. Used to show design intent.
Magnolia Seattle modern colonial home living area
*Not actual property photo. Used to show design intent.
Magnolia Seattle modern colonial home kitchen design with tiles
*Not actual property photo. Used to show design intent.

Property Summary

Start the new year right. We are thrilled to share this opportunity with you as we create another West Bellevue Masterpiece in one of the most prominent areas of Washington; Clyde Hill. This is a new construction project surrounded by large brand new homes, boasting some of the most coveted high end homes with the shortest market time in the area. Currently, the 8,212 sqft lot features a 2,160 sqft 4 bedroom, 2 bath home and is tax assessed at: $714,000 (2016).

Design is underway thanks to our partnership with Studio 19 Architects. Think Contemporary. We are taking a page right out of Beverly Hills with this ultra-modern colonial gem, fit for a movie star. Rich dark woods paired with clean white stone and white exterior. This modern masterpiece paired with time tested traditional architecture translates into a property that will be both ahead of its time, and will pass the test of time. Unrivaled by other Clyde Hill estates of Spanish or Mediterranean architecture, this unique design will appeal to the buyer who wants more.

Transformation

The current home will be demolished to prepare for the new contemporary home. Final plans will mimic the styles and settings of the neighborhood, featuring the styles and amenities of the higher end homes fetching a premium. Complete construction is targeted at 270 days with market time expectation of 60-90 days. Property will feature a 3 story, 5300 sqft home with 5 bedrooms suites, 6 bathrooms, an in-home theatre, library + den, wine cellar, nanny suite, fitness room, and outdoor living space. Its expected on the market in early fall 2018!

Reserve your equity!

2 + 13 =

Property Facts

Bedrooms: 5
Bathrooms: 6
Home SF: 5,300
Lot SF: 8,212

At a Glance

Acquisition:

$1,050,000.00

Improvements:

$1,150,000.00

Sale:

$3,400,000.00

Projected Net Profit:

$457,000.00

Total Preferred Equity Investment:

$711,000.00

Preferred Equity Projected Net Profit:

$228,000.00 (30% return on cash)

Minimum Preferred Equity Investment:

$50,000.00 (21% return on cash)

Projected Profit @ Minimum:

$10,500.00

Magnolia Seattle modern colonial home exterior patio
Magnolia Seattle modern colonial home interior wine cellar

Progress Photos

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