3307 NE Marine Dr #2

• Waterfront Location: Premium waterfront location with unobstructed views, significantly increasing property value • Modern Architectural Design: Unique and contemporary design, appealing to discerning buyers and adding aesthetic value • High-End Kitchen Appliances: Professional-grade appliances enhance the kitchen's functionality and appeal, adding approximately $10,000 in value. • Custom Bar with Backlighting: Adds a luxurious touch and entertainment value, increasing the property's appeal • Modern architectural design • Waterfront location • High-end kitchen appliances • Custom bar with backlighting • Hardwood flooring • Price Position: At $493.24 per square foot, this property is significantly more expensive than the median price per square foot of $322 for the 97211 zip code. This premium likely reflects the unique nature, waterfront location, and high-end finishes of the property. • Appreciation Trend: Homes in 97211 have sold for 3.4% less than they did a year ago, indicating a slight market correction or shift in buyer sentiment. • Investment Opportunity: After $8,000 in renovations, potential $37,000 equity gain (462.5% ROI) • Rental Income: $4,000/month with 90% occupancy (0.0% cap rate) • Schools: Lower school ratings may slightly detract from property values, potentially reducing them by 3-5% compared to homes in higher-rated school zones. However, the unique nature of the property may outweigh this factor for some buyers. • Future Development: No major developments are listed in immediate proximity, but the area benefits from ongoing city investments in waterfront parks and recreational amenities. • Excellent natural light throughout the main living areas due to large windows and waterfront exposure. The open layout enhances the distribution of light, creating a bright and inviting atmosphere. • Open-concept living spaces with seamless indoor-outdoor flow. The layout is well-suited for entertaining and maximizing waterfront views. The curved walls and unique architectural elements create a distinctive and functional living environment.