5795 Wimsey Lane on Bainbridge Island.  Closed on 3/31/11 for $535,000.  Sold by Jen Pells, Windermere West Sound.

5795 Wimsey Lane on Bainbridge Island. Closed on 3/31/11 for $535,000. Sold by Jen Pells, Windermere West Sound.

5795 Wimsey Lane – Just SOLD – $535,000

This winter and early spring I have been involved in two short sales, a bank sale and this sale on Wimsey Lane, which was a bankruptcy and short sale combination.  There is no “easy button” in this business.

The home above is a wonderful home on an amazing street.  I am envious of the buyers because they got an amazing deal. I was glad I could play a part on the listing side and be successful at obtaining bankruptcy court approval and lender consent on the short sale side.

During the course of this listing there were five offers, the loan was sold twice and then the home became part of a bankruptcy. Quite the journey.  Good things don’t come easily.  Congratulations to the happy new buyers and bravo to my sellers and the trustee, we did it!

 

On April 1, 2011, in Listing, Real Estate Business, by
Kings Place home for sale on Bainbridge Island

1303 Kings Place for sale on Bainbridge Island.

This is a great opportunity to purchase a home, under market value, on Bainbridge Island.  This is a short sale, but the bank has already approved the price.  What does that mean?  That means, one of the most challenging parts of a short sale is to get the bank to agree on a realistic price. The bank appraised the home at $360,000, but through negotiations, I was able to get the bank down to $348,000 – a competitive price. This also mean the deal could close relatively quickly for a short sale in about 60 days.   Snatch it up, all offers will be considered.

Home Features

  • Just under 2000 square feet
  • Three Bedrooms
  • Two Bathrooms
  • Office
  • Two Car Garage
  • Large Fenced Yard
  • Popular Commodore Neighborhood
  • Close to schools, shopping and the ferry!

Click here to go to this listing’s web site.

Open, updated kitchen in 1303 Kings Place, Bainbridge Island.

Open, updated kitchen.

Family Room 1303 Kings Place

Family Room

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