One acre north Terrace property sold to home builder
A 0.95 acre property on 48th Ave W near 216th St SW just sold for $1.1 million. A subdivision of the property has been in the works since 2011. A 4 lot short plat was approved in 2012 but site work did not begin until late-2015. At that time the previous house was demolished, frontage improvements were completed, an access road was built and it appears the project stalled.
The property previously contained a 2 bedroom, 1 bath 720 square foot house built in 1931. The property was last sold in 2010 for $240,000.
The buyer is Select Homes, Inc., a single family home developer based out of Lynnwood. Select Homes recently submitted a building application for a 3,110 square foot home and a 648 square foot garage.