3610 NE 197th Street, Lake Forest Park, WA 98155
- $998,000
Listing courtesy of Pacific Properties.
- List Price
- $998,000
- Status
- ACTIVE
- MLS#
- 2543169
- Days on Market
- 24
- Lot Size (sq ft)
- 18,540
Property Description
This 18,540 sf Lk Forest Park property presents a rare opportunity to acquire a generous parcel of land w/future development potential. The expansive lot is the true centerpiece of this offering, providing ample space for a variety of dev. possibilities, expansion plans, or long-term investment strategies, subject to buyer verification of zoning & municipal requirements. The size/layout of property offer flexibility that's becoming increasingly difficult to find, making it especially appealing to developers & investors. Whether your vision includes adding multiple DADUs, subdivision opportunities, custom constr. or a strategic land hold, the property's value is firmly rooted in its development potential. Adding to the appeal is the existing 4 bed/2.5 bath home, which provides an immediate source of rental income while development plans are explored. Rather than being the primary focus, the residence serves as a valuable holding asset that can generate cash flow & help offset ownership costs during the planning and entitlement process. This creates an attractive combo of current income & future upside. For buyers who recognize the increasing scarcity of developable parcels, this property offers the opportunity to secure land today while maintaining income-producing use of the existing home. The combination of location, usable land & redevelopment potential makes this a compelling investment for property's long-term value. (Back section of lot is fenced separately & unused)
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Additional Information
- Community
- Lake Forest Park
- Style
- 40 - Res-Less thn 1 Ac
- Zoning Jurisdiction
- City
- Restrictions
- See Remarks, Unknown
- Features
- Brush, Lightly Treed, Partially Cleared
- View
- See Remarks, Territorial
- Sewer
- Available, On Property
- Tax Year
- 2026
- School District
- Shoreline
- Elementary School
- Lake Forest Park Ele
- Middle School
- Kellogg Mid
- High School
- Shorecrest High
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Driving Directions
- From 1-5N to exit 177. Keep right for WA-104 E/LFP. Merge onto WA-104 E. Turn left at NE 195th St, then left at 36th Ave NE. Follow to end of the street, turn right onto NE 197th. Home is on left.
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