Current Use by Public Records
- Land
Property Details for 3500 Callow Rd
- Lot size
- 3.71 lot acres
- Property type
- Land
Description
This exceptional 3.71-acre property in Lake Stevens, Washington, presents a remarkable opportunity for multi-family development. Located at 3500 Callow Rd, 98258, this site is zoned R8-12 (High Urban Residential), offering significant potential for a high-density residential project. A substantial 2.15 acres are usable for development. The property's strategic location offers easy access to major employment centers, including downtown Seattle (approximately 25 minutes away) and Everett (approximately 10 minutes away), home to a large Amazon fulfillment center and Microsoft facilities. Lake Stevens boasts a highly-rated school system and a desirable community, further enhancing the property's appeal. Across the street, a DR Horton development features homes priced between $800,000 and $1,000,000, indicating strong market demand. A proposed townhouse development plan envisions approximately 35 units. Comprehensive due diligence materials are available for review, including geotechnical reports, traffic studies, critical areas reports, preliminary drainage reports, and the hearing examiner's decision, along with any relevant engineering documents. The seller is open to creative financing options, including seller financing, trades, and joint ventures. This is an exceptional opportunity to acquire a well-situated, high-potential development site in a thriving community. The asking price is $1,850,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Stevens
- County
- Snohomish
- State
- Washington
- Longitude
- -122.091
- Latitude
- 48.0276
