Home + buildable Land in North Tacoma. Stature, space & privacy are only a few of the qualities inherent in this iconic 4-square home. The 13,000 SF corner lot provides rare expansion opportunities in one of Tacoma’s most desired neighborhoods. Utility access in the alley lends itself to efficient subdivision and development, while the home itself provides an opportunity for sizable equity gains by way of a thoughtful restoration. For over 7 decades, this two-and-a-half-story with an unfinished basement home, hasn’t changed hands. Fully rewired and painstakingly cared for, for most. Fir Floors, cedar siding, wood molding and leaded windows are original details that have been retained. The surrounding maple trees, (as old as the home itself) amplify the feeling of home and opportunity.
3420 N Huson Street Tacoma, WA 98407
MLS#2165789 FOR SALE: $850,000
PROPERTY FEATURES
- 4 Bedrooms + 2 bonus rooms
- 2 Bathrooms
- 3,464 Square Feet (TOTAL)
- 2,536 Finished (Above Grade)
- 928 Unfinished (Below Grade)
- Built in 1905
- 13,000 Square Foot Lot
THE OPPORTUNITIES OF THE LOT
Two-for-one: That’s what you are getting here in North Tacoma. This 1905 Four Square Home sits on a 13,000 square foot corner lot. The future owner can gain equity by restoring/upgrading features in the home, while simultaneously making it their own. But that’s not all; the side yard located to the south of the home, has potential to be subdivided into a separate buildable lot.
The City of Tacoma allows for up to 4 units to be built on a single residential lot. Because of the allowable density, the versatility provided to the future owner is vast. Here are a two examples of how you can leverage this incredible real estate investment to work for you: Subdivide the lot and built a 4 plex on the property. You’ll earn passive income and edge yourself closer to retirement. Do you plan to consolidate households to care for elderly family members? Purchasing this Estate could give you the opportunity to build a second home and live comfortably with multiple generations. This can also be done without subdividing the lot.
Alley access located to the west of the property, optimizes access and versatility. But more specifically the utilities are routed from the alley, making future development of the potential second lot very ideal.
Vacant land, similar in size, location, and overall ease of build (utility access and terrain) sell for about $350,000. Making this purchase an incredible buying opportunity
Home Features
The design of a Four Square Home is timeless. Four bedrooms sit in each corner on the second floor, with a full bathroom to share. The 3rd floor floor (originally the attic) has tall ceilings and now serves as two additional rooms (secondary living room, office, play room etc). Many converted attics have low ceiling height, limiting the use. You don’t have that issue here; ceiling height allows for the average person to stand and walk around very comfortably! The unfinished basement also has great ceiling height and has the potential to be finished.
Large finished room upstairs (on 3rd floor). Use this room as a second living room or play room.
It is a rarity to find a home that has been owned by the same family for over 30 years, let alone seven decades! The majority of those years the home and property was painstakingly cared for. For example, in the 80’s the owners fully rewired the home and installed a new kitchen.
Cleanliness, functionality and overall condition of features as old as the home itself (123 years old!) are well kept. The Fir Floors, both on the main floor and upstairs look nearly new and the original leaded wood windows are well enough intact to be refurbished and continued use.
This is an incredible opportunity to invest in a turn of the century home with land that provides vast opportunity for enjoyment and wealth building.
Call/Text Realtor/Managing Broker with Windermere Abode, Jenny Wetzel (253) 381-9788.
Want to learn more about North Tacoma? Here are a few resources that you’ll find helpful: What’s It Like To Live In The Proctor District of Tacoma?
Five Places to Visit in North Tacoma
How To Purchase An Investment Property In Tacoma
