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    2816 Redwood St Milton, WA 98354

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    For Sale
    $1,360,000

    Acre lot with utilities, farmhouse, and workshop in Milton.

    Property size:
    43,560 SF

    Property Features for 2816 Redwood St

    General Information

    Standard status
    Active
    Size
    43,560 SF

    Building Details

    Year built
    1920

    Source: BETTER PROPERTIES REAL ESTATE Agent KIMBERLY SMART

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Acre Lot in Milton

    This one-level acre lot, located in the heart of Milton, includes a farmhouse and workshop. All utilities are available to the site, including water, sewer, and electric. The property is situated near a shopping center in a community with access to schools, Interstate 5, and public transit. The property is rezoned from residential to multifamily UMX, allowing for the construction of 30-40 apartment units. The zoning is UMX, uptown mixed-use, multifamily, midrise apartments, allowing 30-40 dwelling units per acre or an adult retirement community. Other potential uses include food or drink establishments, professional services, and outdoor sales. Access to the property is via a private drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Pierce
    State
    Washington
    Longitude
    -122.2967637
    Latitude
    47.2444819

    Nearby Similar for Sale

    • $415,000
      1,426 SF

      Updated Townhome with Modern Features

      Updated end-unit townhome near shopping, dining, and parks.
      2750 Diamond Loop, Milton, WA 98354
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Acre lot with utilities, farmhouse, and workshop in Milton.
    Where is this residential land & home lot located?
    The property is located at 2816 Redwood St Milton, WA.
    What is the asking price?
    The asking price for this property is $1,360,000.
    What are key features of this property?
    This property features: - Rezoned to UMX: Allows for multifamily development, mid-rise apartments, or an adult retirement community.; - High-Density Development Potential: Zoned for 30-40 dwelling units per acre.; - All Utilities Available: Water, sewer, and electric are connected to the site.
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    Milton, WA 98354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2816 Redwood St Milton, WA 98354
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