20633 388Th St Auburn, WA 98092
This exceptional 10.27-acre property in Auburn, WA (zip code 98092, King County), presents a unique opportunity. Located just 2.5 miles from Enumclaw, this A10 zoned land offers the potential for building a custom home, with the added benefit of residential zoning allowing for one house per acre plus a DADU (Detached Accessory Dwelling Unit). The property's agricultural zoning also makes it suitable for a small farm or growing your own food. A septic design was completed in 2006, and a well was installed in 1993. A new percolation test was conducted in November 2022 and is available for purchase. Buyers are encouraged to conduct their own feasibility studies. The seller is offering a $50,000 credit with a full-price offer. The asking price is $305,000, translating to approximately $48,685 per acre. This distressed sale presents a significant opportunity for building equity. The property's proximity to Mount Rainier makes it ideal for building a guest cottage for rental to hikers and climbers. Additional information is available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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