Listed by Kimber Lee • John L. Scott R.E. Lake Tapps.
FIRST LOOK
$725,000
Est. $4,705/mo —
3
bd
•
1.5 ba
•
1,609
sq ft
11122 Angeline Rd E, Bonney Lake, WA 98391
About this home
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
Single-familyProperty Type
1959Year Built
2.01 acresLot Size
$451Price/Sq.Ft.
2 spacesParking
Listed by Kimber Lee• John L. Scott R.E. Lake Tapps
Listed by Bryce Lee• John L. Scott R.E. Lake Tapps