15401 SE 179th Street, Renton, WA: 4-bedroom, 3-bath for sale, listing photoListing photo
Investment Opportunity · Hard Money Financing

15401 SE 179th StreetRenton, Washington

Renton, WA 98058 · MLS 2575635

List price
$625,000
4 bd / 3 ba
Bedrooms / baths
2,084 sq ft
Living area
1980
Year built
9,170 sq ft
Lot

"Sold AS-IS—bring your contractor, your creativity and your vision."

Listed by unknown KW Lake Washington So (206) 226-0226

15401 SE 179th Street is a 4-bedroom, 3-bath home in Renton, Washington listed at $625,000 with 2,084 square feet, built in 1980. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($62,500), we fund the $93,780 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Washington or our Washington hard money lending page.

From the listing. Calling all investors, renovators, and buyers ready to build some serious sweat equity! Set in the established Candlewood Ridge neighborhood, this Fairwood fixer is a true blank canvas with some of the heavy lifting already behind you. Taken down to the studs in 2014, improvements include new windows, updated electrical, plumbing improvements and a permitted enclosed sunroom, plus a newer furnace and garage doors. Inside, the flexible layout offers multiple living spaces, 4 bedrooms, 3 baths and plenty of room to reimagine, renovate and make it your own. Downstairs, the spacious lower level opens into the enclosed sunroom and additional flex space, creating even more possibilities. Outside, one of the neighborhood's largest lots offers an expansive deck, patio and backyard ready for a complete transformation. Sold AS-IS-bring your contractor, your creativity and your vision.

01 - Price This Property

Hard money financing on 15401 SE 179th Street: what you qualify for.

Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.

List price $625,000
State WA

Type a number, like 720. A ballpark is fine and nothing is pulled. Leave it empty if you have no score.

Flips, rentals bought and sold, or builds. Decides the down payment.

Our super rough estimate at $45 per sq ft. Put in your contractor's number if you have one.

The loan stays under 75% of it. Leave blank to size on the price alone.

  1. 1. Your score740Qualifies, high-score terms
  2. 2. Your experience1 to 2 projectsTier 2: 10% down
  3. 3. Down payment10% down$62,500 at closing
You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.
Fix and flip, experienced

10% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $76,734
Loan at closing $562,500
Rate, interest only from 9.75%
  • A 740 or better score on a purchase under $750,000 gets the high-score terms: the loan can reach 90% of after-repair value instead of 75%.
  • Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.
02 - The Numbers at Closing

15401 SE 179th Street priced at the list price.

ItemFix and flip: 10% down
At closing
Qualifies as enteredYes
Buyer down payment$62,500 (10%)
Loan at closing$562,500
Cosmetic renovation, rough estimate*We fund $93,780
Total loan$656,280
Rate, interest onlyfrom 9.75%
Points1.5 ($9,844)
AppraisalRequired
Estimated monthly interest$5,332 at full draw
Cash to close, rough estimate$76,734

Rough estimates at the list price of $625,000 for a 740 score and 1 completed project. This is not a commitment to lend.

*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

We are the lender, not the listing agent. This property is listed by unknown, KW Lake Washington So ((206) 226-0226). To see it or make an offer, contact unknown directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

More hard money deals in Renton All Washington opportunities Hard money lender in Washington Fix and flip loans Every live opportunity

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4 bd · 1 ba · 1,730 sq ft · Built 1901

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Renovation estimate, rough $190,300
Listed by Stuart Heath, Bellmark Real Estate
Street address with a free account
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3 bd · 2 ba · 3,100 sq ft

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Renovation estimate, rough $139,500
Listed by the listing agent, Kelly Right Re Of Seattle LLC

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