11122 Angeline Road E, Bonney Lake, WA 98391
Listing Broker: John L. Scott R.E. Lake Tapps; Kimber Lee; 253-863-4406; kl@kimberleerealestate.com
- $725,000
- 3
- BD
- 2
- BA
- 1,609
- SqFt
- List Price
- $725,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2581121
- Subtype
- Residential
- Style
- 10 - 1 Story
- Year Built
- 1959
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,609
- Lot Size
- 87,556
- Acres
- 2.01
- Subdivision
- Bonney Lake
- Neighborhood
- Bonney Lake
- Building Name
- Star Lane
- MLS Area Major
- Lake Tapps/Bonney Lake
Property Description
4.0% BUYER BROKER COMPENSATION if closed on or before 11/01 **FHA ASSUMABLE LOAN AT 4.25%** A rare opportunity to own 2 usable acres on a private, park-like oasis. APPROVED 6-home short plat already in place, creating immediate flexibility for today & significant development potential for the future! Renovated in 2024, this 3-bedroom rambler offers an open floor plan w/LVP flooring, bay window, wood-burning fireplace & an updated kitchen w/ample bar seating. Primary bath suite features a garden tub framed by bay windows overlooking the backyard. Step outside to an extended patio & sprawling, fully fenced backyard offering exceptional usable open space, accented by established trees for shade & privacy. 2-car garage, RV/Boat parking & extended driveway, just mins from shopping & daily essentials. Beyond the move-in-ready home, the property offers multiple paths forward: enjoy the acreage as-is, explore ADU potential, develop later, or execute the approved 6-home short plat. A comprehensive turn-key development package includes architectural renderings, floor plans, geotech & hydro reports, retaining wall design, surveys, pricing recommendations, financials & estimated build costs. Feasibility work has already been completed, plans are established w/professional builder & construction may potentially begin ~4 months. Broker-projected net project profit: $1,070,462! A compelling property for homeowners, builders & investors alike. Award-winning Sumner-Bonney Lake School District
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Additional Information
- Interior Features
- Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Pantry, Water Heater, Wired for Generator
- Exterior Features
- Wood, Wood Products
- Property Description
- 10 - 1 Story
- Flooring
- Ceramic Tile, Vinyl Plank, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Levels
- One
- Roof
- Composition
- Parking Features
- Attached Garage, RV Parking
- School District
- Sumner-Bonney Lake
- Elementary School
- Victor Falls Elem
- Middle School
- Lakeridge Middle
- High School
- Bonney Lake High
- View
- Mountains, See Remarks, Territorial
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.