2340 NW 97th Street

• Water View: Significant premium for unobstructed water views, estimated at 15-20% increase in property value • Hardwood Flooring: Classic hardwood flooring adds warmth and value, approximately $5,000 value. • Deck with Cable Railing: Modern cable railing enhances the view and adds approximately $3,000 in value. • Water View • Hardwood Floors • Deck • Stainless Steel Appliances • Price Position: Property listed at $455.80/sqft, below the recent average of $574/sqft in 98117, but may reflect condition or updates needed. • Appreciation Trend: Limited price appreciation YoY (0.1%) in 98117 suggests moderate growth potential. • Investment Opportunity: After $43,000 in renovations, potential $32,000 equity gain (74.4% ROI) • Rental Income: $3,260/month with 90% occupancy (0.0% cap rate) • Schools: While good schools generally increase property values, the 6/10 rating of the elementary school may not provide a significant premium compared to areas with top-rated schools (9/10 or 10/10). Proximity to schools is a positive factor. • Future Development: Potential North Beach Club membership could enhance neighborhood amenities and property values. The property description mentions potential for an upper story or rooftop terrace, subject to zoning regulations. • Excellent natural light in main living areas due to large windows facing the water. Bedrooms have limited natural light. • Functional layout with good flow between living spaces. Kitchen is somewhat isolated. Lower level offers additional living space with walk-out access.