Under contract! Investment opportunity!
The Investment:
Hover a segment for the detail.
Commission modeled at 5% of the sale price. Holding, title and escrow are estimates. Excise tax is calculated at Washington’s graduated state rate — 1.10% on the first $525,000 and 1.28% above it — plus Mount Vernon’s 0.50% local rate. A four-month hold is assumed; a longer hold adds interest and carrying cost.
The last four sales on S 28th St
| Address | Closed | Date | SF |
|---|---|---|---|
| 108 S 28th St | $575,000 | May 2026 | 1,193 |
| 116 S 28th St | $560,000 | Sep 2025 | 1,346 |
| 306 S 28th St | $549,000 | Jul 2026 | 1,193 |
| 415 S 28th St | $545,000 | Feb 2026 | 1,339 |
| 313 S 28th St — this house | buying at $400,000 | Aug 2026 | 1,342 |
Project details:
Purchase $400,000 plus closing costs. Clean-up and repairs $40,000.
Remodeled within the last five years — updated roof, kitchen and wiring. HVAC and water heater both have recent service reports. This is not a rebuild:
- Trash and contents hauled out; blackberries cleared
- One bathroom repaired; landscaping brought back
- Interior painted throughout
- Carpet out, subfloor sealed, new flooring in
- Crawl space and attic clean out, insulation and vapor/pest barriers
Kitchen and bath — today, and the intended finish
Every photo of the house as it sits today photos.app.goo.gl/fJsje4coTv6ZMDbM7
How you get paid
Reasons to invest
- Cash sitting idle at a low return
- Rebalancing out of a stock market at all-time highs
- Flexible terms — 3 to 6 months, extendable
- First look at the next project when this one closes
Interested? Tell me where to reach you.
No commitment and no obligation — this just starts a conversation. I’ll send you the purchase contract, the comps, and anything else you want to see.
Where should I reach you?
Your email — and your name if I might not recognize the address.
Anything you’d like to add?
Tap any question you want answered — or skip this entirely and just hit send.
This opens your email app with the message ready — you still press send yourself.
Thanks — that’s on its way.
Prefer to talk right now? Reach me at betterplacesforpeople@gmail.com or text (541) 908-3151. I answer everything the same day.