It may be too dangerous to enter, but that doesn’t mean a gutted Seattle home is not going to sell fast. Listed for $330,000, a trash-filled Bothell, Washington, property received 17 offers and sold after just five days on the market.

According to the Seattle Times, 2502 166th Place S.E. is gutted and requires at least $100,000 in repairs. But given the extremely competitive state of Seattle’s housing market — home values spiked after the rise of tech giants like Amazon and Microsoft, and now command nearly $750,000 for an average home in the area — interest was high.

Compass agent Sam Forselius listed the property above asking price and with only one photo. Still, he sold and received 17 offers in five days. The new owner was not able to tour it due to the water damage and unsafe conditions.

“I wouldn’t have anticipated this number of offers on this home at this time of year,” Forselius told the Seattle Times.

The listing was advertised as an “investment opportunity.” The cul-de-sac surrounding the house showcases more attractive homes. An average home in the Bothell area prices at over $600,000 and affordable properties, in particular, are hard to come by.

All over the Pacific Northwest, first-time buyers are competing for low-end properties that will allow them to break into being homeowners.

“A whole lot of potential awaits,” read the listing. “Down to studs remodel needed. Due to extremely poor condition and water damage issues, sold 100 percent as-is including refuse.”

Email Veronika Bondarenko

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We are less than 1 week away from Inman Connect! Get your ticket for $99 before prices go up next week.GET YOUR TICKET×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription