12880 Hobsonville Point Dr

• Waterfront Location: Significant premium due to direct water access and views • Extensive Decking: Large outdoor living space adds to the appeal and functionality • Wood Paneling: Adds character and warmth to the interior, appealing to a specific buyer • Waterfront Property • Large Deck • Wood Paneling • Vintage Bathroom Fixtures • Price Position: At $464.88 per square foot, the property is priced significantly higher than the median price per square foot of $271 in the 97107 area. • Appreciation Trend: Homes in 97107 have sold for 4.2% less than they did a year ago, indicating a recent decline in prices. • Investment Opportunity: After $10,000 in renovations, potential $10,000 equity gain (100.0% ROI) • Rental Income: $2,500/month with 90% occupancy (0.0% cap rate) • Schools: Homes near Garibaldi Elementary (7/10) may experience a slight value increase compared to those further away from higher-rated schools. The impact of Neah-Kah-Nie Middle School's lower rating (3/10) is difficult to quantify without more detailed market analysis. • Future Development: No specific planned developments are mentioned in the provided data.