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
| MLS # | 2581121 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Building Name | Star Lane |
| Sub-Type | Resale |
| Status | First Look |
| Year | 1959 |
| Days On Site | 12 |
| Listing Provided By | John L. Scott R.E. Lake Tapps | Kimber Lee |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,609 |
| Garage | 2 |
| Story(s) | 1 |
| Acreage | 2.01 |
| Property View | Yes |
| Property | 7817 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Bonney Lake |
| Zip Code | 98391 |
| Area | 109 Lake Tapps | Bonney Lake |
| Community Name | Bonney Lake |
| School District | Bonney Lake High |
| Elementary School | Victor Falls Elem |
| High School | Bonney Lake High |
| Listing VS Median (in Bonney Lake) | |
Price: $725,000 low | high Med: $650,000 sqft: 1,609 low | high Med: 2,312 $ / sqft: $451 low | high Med: $293 On site: 12 low | high Med: 43.5 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Bonney Lake |
| Zip Code | 98391 |
| Area | 109 Lake Tapps | Bonney Lake |
| Community Name | Bonney Lake |
| School District | Bonney Lake High |
| Elementary School | Victor Falls Elem |
| High School | Bonney Lake High |
| Listing VS Median (in Bonney Lake) | |
Price: $725,000 low | high Med: $650,000 sqft: 1,609 low | high Med: 2,312 $ / sqft: $451 low | high Med: $293 On site: 12 low | high Med: 43.5 | |