Triplex & Land Opportunity
Value in Land Listing • 110' x 40' Lot (4,400 SF) • Proposed 2-Townhome Density
Realogics Sotheby’s International Realty • Private Client Proposal
Positioned for premier townhome redevelopment while holding triplex cash flow.
Optimal street frontage supporting two distinct private entry townhomes.
Existing units preserved under absolute confidentiality during First Look.
The 21-Day "First Look" Proposal for Vinod
A private testing phase tailored to establish whether the $1,950,000 land valuation captures high-conviction builder offers while strictly shielding current occupants and rental revenue.
Private Off-Market Testing
The parcel will not appear on Northwest MLS, Zillow, Redfin, or public portals. Direct outreach is executed exclusively to vetted luxury builders and infill developers.
Zero exterior signage or post installation on property grounds. Total exterior discretion is maintained.
We test developer appetite and pro forma feasibility at $1,950,000 before any public days-on-market register or compromise negotiation leverage.
Targeted Public Rollout
If an acceptable contract is not reached during the 21-day First Look, syndication initiates at Day 22 with the street address explicitly concealed from public aggregators.
No yard sign will be installed at any point. Neighbors, pedestrians, and tenants have no visual indication of sale.
Listing broker qualifies all prospective developers' financial capability prior to disclosing site-specific due diligence files.
Tenants are unaware of sale. Do not disturb tenants. Contact listing broker for showing information.
All physical site inspections, surveyor checks, and environmental reviews are restricted to scheduled windows directly coordinated through Celeste Zarling. Direct buyer contact with tenants or unauthorized grounds visits is expressly prohibited.
Triplex Plus Land Value Analysis
Evaluating the 4,400 SF parcel under current residential infill guidelines. Positioning the listing based on end-product townhome residual land value rather than standard triplex rental yields.
The attached plot plan verifies parcel geometry at 110' depth by 40' width, demonstrating setback compliance for dual 20' x 51' townhome structures with private entries and driveway access.
Proposed Townhomes Specification
Traditional multifamily buyers evaluate the 1909 triplex solely on existing rents, which constrains valuation. In contrast, luxury infill developers calculate residual land value based on finished townhome exit values, delivering Vinod the highest net return.
Seller Net Proceeds Sheet
Comprehensive financial breakdown prepared for Vinod at the proposed listing basis of $1,950,000. Adjust variables to model proceeds across potential closing scenarios.
Model Offer Scenarios
Select standard negotiation points or input an exact prospective buyer offer
Itemized Settlement Ledger
Standard deductions and statutory closing allocations for King County, WA
Agreed developer acquisition price
Listing & buyer brokerage representation
Graduated Real Estate Excise Tax (King County / City of Seattle)
Standard title insurance policy & closing escrow settlement fee
Estimated calendar day proration at closing
Deed recording, courier, and electronic filing
*Disclaimer: This estimated net proceeds sheet is prepared solely for analytical and strategic planning purposes for Vinod. Final figures will be calculated by the appointed escrow officer and title insurer at closing, based on exact prorations, payoff statements, and mutual escrow instructions.