👑 Cathlamet, WA Ultra-Private River View Retreat 👑
Asking Price: $430,000
Public Walkthrough on 8/26 at 2 PM
Tucked away on 1.17 acres with sweeping river views and zero direct neighbors in sight, this one’s got the bones and the setting most buyers only dream about — plus a short punch list to unlock full value.
🏠 Property Snapshot
4 bed / 3 bath, ~2,185 sqft
1.17 acre lot
Built 1978
ARV: $575,000
⭐ Highlights
Elegant clear cedar vaulted ceilings
Beautiful wood railings throughout
Ultra-private setting with incredible river views (no direct river access)
Downstairs craft room has plumbing for a bar area with a sink
Potential for a 5-bedroom house; currently configured as 4 or 3 with an office
Two 200-amp electrical panels
Two entrances to the property — gravel road access (better) and an easement road
Well maintained, only 2 owners since built
✅ What’s Already Done
New roof, 10 years old
New furnace, 10 years old
New 500 ft water line run in 2016 when the city installed a new water meter
Gutters routed into 6 French drains surrounding the home for drainage
Exterior painted 9 years ago
Some newer LifeProof flooring from Home Depot and staying with the home
🔧 What’s Left
Needs a new shower in the master bathroom
Drywall patch needed in garage
Needs one deck post replaced; post stays with the property
Dryer vent isn’t venting properly — needs repair/reroute
Septic is original to the home
💵 Flip Numbers
Purchase Price: $430,000
Est. Rehab: $25,000
Buy Side Closing (title/escrow): $4,000
Holding Costs (1%/mo x 4 months): $17,200
Listing Commission (1.5% of ARV): $8,625
Buyer’s Agent Commission (2.5% of ARV): $14,375
Total All-In: ~$499,200
ARV: $575,000
💰 Est. Profit (w/ Hard Money): ~$75,800
💰 Est. Profit (Cash/Own Funds): ~$93,000
ARV Comps:
https://www.zillow.com/homedetails/44072-Anderson-Ln-Astoria-OR-97103/86300905_zpid/
https://www.zillow.com/homedetails/92693-T-T-Larson-Rd-Astoria-OR-97103/86301389_zpid/
https://www.zillow.com/homedetails/800-Columbia-St-Cathlamet-WA-98612/2093504086_zpid/
📌 CIK Terms: $10K non-refundable EMD due within 24 hours of mutual acceptance. Buyer pays all closing costs. AS-IS sale — informational inspections only, no renegotiations. No assignments. Brokers welcome with pre-disclosed representation.
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Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
