West Magnolia Tudor
Purchased to Value
We are investing into another one of the most coveted neighborhoods of Seattle; Magnolia. Perched along Viewmont Way, one of the most private and exclusive streets in west Magnolia; subject property boasts unobstructed 180º views of Puget Sound, Mt. Rainier, and downtown Seattle.
This regal neighborhood is only a 10 minute commute to downtown Seattle, close to all major employers, and just minutes in any direction to all that Seattle has to oﬀer. Here you will ﬁnd Discovery Park, Seattle’s largest park, with 540 acres and miles of walking/hiking beach trails.
West Magnolia oﬀers an exclusive atmosphere with many historic estate homes bordering the bluﬀ for exceptionally stunning views. Add to that a tight knit community with many families and school age children, award winning dining and private schools, and you have high end Seattle living at its ﬁnest.
The 6,133 sqft view lot features a 3,960 sqft 4 bedroom, 4 bath home which will be remodeled to reveal a beautiful Historic Tudor renovation. Foundation repair, lot preparation, and demo will be commencing as soon as allowable (permits pending).
Property will feature a three story, 3800+ sqft home with 4 bedrooms, 4 full baths, open kitchen with butler pantry, a library/office, theatre room, wine cellar, grand master suite with view deck, downstairs suite with separate entrance, and amenities such as outdoor living space with wet bar.
A complete 700 sqft guest house will also be added to the rear yard that matches the style of the main house bringing the total finished sqft to ~4500. This will make a great Mother in law or rental unit; the 1 bedroom plan will have a full kitchen, bath and living room. We are also adding plenty of storage and remodeling the single car garage.
Reserve your equity!
Home SF: 4,160
Lot SF: 6,132
At a Glance
Projected Net Profit:
Total Preferred Equity Investment:
Preferred Equity Projected Net Profit:
$184,222.50 (35% return on cash)
Minimum Preferred Equity Investment:
$50,000.00 (35% return on cash)
Projected Profit @ Minimum: