9128 Otis Beach Street NE

• Renovated Bathroom: Modern finishes and updated fixtures, adding approximately $5,000 in value. • Hardwood Flooring: Adds warmth and value to the entry area, approximately $2,000 value. • Large Lot: Spacious yard with mature trees, adding approximately $10,000 in value. • Updated Bathroom • Hardwood Floors • Large Yard • Detached Garage • Price Position: At $442.48/sqft, the property is priced significantly higher than the median sold price per square foot of $292.00 in 98516. This suggests that the property is either premium compared to other homes in the area, or overpriced. • Appreciation Trend: The property sold for $675,000 in 2022 and is now listed for $750,000, representing an 11.1% increase in approximately 3 years. This translates to an average annual appreciation of approximately 3.7%. • Rental Income: $2,430/month with 90% occupancy (0.0% cap rate) • Schools: Moderate school ratings (4-6/10) may slightly reduce property value compared to areas with top-rated schools. Buyers prioritizing schools may look elsewhere, potentially impacting resale value. • Future Development: The property description mentions proximity to Zittle's Marina, suggesting potential for recreational amenities to drive desirability. No other specific planned developments are mentioned in the provided data. • Good natural light in the main living areas due to large windows. The basement has limited natural light. • Functional layout with good flow between living spaces. The kitchen is adjacent to the dining area, which is convenient. The basement is unfinished but offers potential for additional living space.