Bremerton, WA

Contract for Sale

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3 bedrooms, 2 bath, 1686 square feet (finished)  1222 sf unfinished basement

5560 Pine Road NE, Bremerton, WA 98311

After Repaired Value (ARV) $400,000.00
Purchase Price $227,000.00
Estimated Repairs $80,000.00

 

PROPERTY DESCRIPTION:

1686 sf finished 3 bed/2 bath 2 story home plus daylight basement.  (Daylight basement has separate entrance.)

1222 sf unfinished basement

2700 total sf in main house

.66 acres plus green belt

Next to school

Large 30 x 40 foot detached 2 car garage.  (1200 square foot)

900 square foot room above garage (Could be converted to an apartment or recreation / craft room / daycare facility) plus tons of storage

9 foot ceilings downstairs.

Square Footage subject to verification.

Large yard, mostly fenced.

 

PROPOSED REHAB:

New flooring, replace with either hardwood, tile, or higher end laminate

Paint / Stain house and garage (cedar siding)

Finish daylight basement could be turned into an awesome master suite or apartment for additional income.

New doors

New windows

Sheetrock in some places

Remove front entry closet to open up front room (believed to be non-load bearing)

Remodel kitchen, replace appliances (higher quality and/or stainless steel appliances)

Granite countertops in kitchen

Remodel bathrooms, complete updates

Yard clean up

Clean roofs / gutters

 

This house has great bones, with potential for two different income property sources (unfinished basement in main house, and area above garage.)

Currently in livable condition if someone wanted to simply purchase for a rental property or to live in a fix up over time.  With $80-100K in rehab, the property could sell for over $425K.

Comps based on current finished square footage, not including basement and loft area above garage.

Recent Sold Comps

For Sale Comps