👑 Rare Iconic La Center Home | Mt. Hood Views | 3,200 Sq Ft 👑
537 W 3rd St, La Center, WA 98629
Asking Price: $349,000
ARV: TBD
4 Beds | 2.5 Baths | 3,200 Sq Ft | 3rd Floor Primary Suite
Vacant at Close | Cash & Hard Money Only
🔑 The Opportunity
If you’ve driven by this home, you know where it is. Opportunities like this don’t come around often in La Center. A 3,200 sq ft log-style home with Mt. Hood, valley, mountain, and river views on an elevated lot — minutes from PDX. The combination of a one-of-a-kind property, character-rich finishes, and a location that connects buyers to both the outdoors and major employment creates demand that’s hard to manufacture. The upside here comes from enhancing what’s already here — not starting from scratch.
📋 Property Details
4 Beds | 2.5 Baths | 3,200 Sq Ft
Entire 3rd floor is a primary suite with a jacuzzi tub and private balcony
Large kitchen and spacious living areas
Vaulted tongue-and-groove ceilings
Freestanding wood stove
Upper and lower decks with railings
Basement family room and bedroom
Large storage rooms and utility/workshop areas
Attached garage with expanded driveway
0.25-acre lot with fenced backyard
Elevated lot with Mt. Hood, valley, mountain, and river views
Location Highlights:
Minutes to PDX and all amenities
Close to downtown La Center
Near parks, schools, and the Lewis River area
🧮 Cost Breakdown & Profit Estimate
Based on a 4-month hold. Holding costs apply to hard money financing only — cash buyers eliminate this cost entirely.
——— @ $550K ARV ———
Purchase Price: $349,000
Rehab (approximate): $80,000
Closing Costs (buy & sell): $10,000
Holding Costs (4 mo, if hard money is used): $13,960
Listing Commission (1.5%, from referred brokerage): $8,250
Buyer Commission (2.5%): $13,750
WA Excise Tax (REET): $8,845
Total Out: $483,805
——— @ $580K ARV ———
Purchase Price: $349,000
Rehab (approximate): $80,000
Closing Costs (buy & sell): $10,000
Holding Costs (4 mo, if hard money is used): $13,960
Listing Commission (1.5%, from referred brokerage): $8,700
Buyer Commission (2.5%): $14,500
WA Excise Tax (REET): $9,379
Total Out: $485,539
✅ Positives
Metal roof in good condition
Kitchen cabinets in good shape
Newer water heater
Interior is in good shape overall
🔨 Needs
New flooring throughout
Kitchen updates
Main bath and guest bath refresh
Covered porch — supports need attention (repair or remove)
Half bath in basement needs to be finished
🏃 Exit Strategies
Flip: Unique character, panoramic views, and a floor plan buyers pay a premium for. Updated, this property stands out from anything else on the market.
Rental / BRRRR: 3,200 sq ft, 4 beds, 3rd floor primary suite — a premium rental in a market with limited inventory like this. Strong long-term equity play.
🗓️ Call for a Walkthrough
Call or DM to schedule
537 W 3rd St, La Center, WA 98629
📞 (503) 404-4532
📲 More info: www.wholesaleking.com
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.
