55 Mt Quay Drive NW

• Granite Countertops in Kitchen: Adds a touch of luxury and durability, increasing appeal to buyers • Hardwood Flooring: Classic and desirable flooring that enhances the aesthetic appeal and value • Large Deck: Provides ample outdoor living space, increasing the property's appeal for entertaining and relaxation • Finished Basement: Adds significant living space and versatility to the property • Granite Countertops • Hardwood Floors • Finished Basement • Large Deck • Well-Maintained Landscaping • Price Position: The property is listed at $436.89/sqft, which is significantly lower than the recent median price per square foot of $530 in 98027. This discrepancy warrants further investigation to determine if the property is undervalued or if there are specific factors affecting its pricing. • Appreciation Trend: The property sold for $754,500 in 2013 and is now listed for $1,800,000, representing a significant appreciation over the past 11 years. However, the recent 21.6% YoY increase in median sold price may not be sustainable. • Investment Opportunity: After $15,000 in renovations, potential $60,000 equity gain (400.0% ROI) • Rental Income: $3,000/month with 90% occupancy (0.0% cap rate) • Schools: Proximity to highly-rated Issaquah High School (9/10) likely adds a premium to the property value. Homes in areas with top-rated high schools can command a 5-10% premium compared to areas with lower-rated schools. • Future Development: The property description mentions the potential for converting the basement into an ADU, which could increase property value and rental income potential. • The layout is functional with good flow between the kitchen, dining, and living areas. The finished basement provides additional living space. The master suite is spacious and private.