This is a Beachfront Property on Hat Island. 15,246 Lot sqft, 50' of Beach Frontage. Great for boating, fishing, scuba diving, swimming, snorkeling, kayaking, wind sailing, paddle boards, water skiing, wave runners, etc... This beautiful lot has outstanding views of the Sound, Cascades, Mt. Rainier and Everett. Hat Island is only 4 nautical miles from Everett!
A Buyer may build a single family residence, prefab or modular home up to 3k sqft, Utilities may be brought to the property once Plans and Permits have been approved by the City and HOA. No HOA dues will be due till home has been built, then HOA dues will be $115 a month.
Seller's Financing Requirements: A minimum of 50% down with a 3 year loan period at 4% annual interest rate with a Balloon payment at the end of the loan period. 4% annual interest rate requires good credit 700 or higher. If credit is between 650-699, annual interest rate to be 5%. If credit is below 650, then 6%.
Escrow - 50/50
Title - Buyer pays
Adam Weintraub
Malibu Estates
