116 F Street

Not every opportunity comes wrapped in fresh paint and staging. This one comes with a deadline, a lot of potential, and one of the best locations in Port Townsend. This is a very sad situation that deserves a much happier ending. A foreclosure auction is approaching and the court-appointed Guardian is hoping to find a cash buyer who can close quickly to help preserve funds for the seller’s ongoing care. The house needs work. A lot of work. Nobody is pretending otherwise but this property offers something increasingly difficult to find: the chance to buy in a premier neighborhood at a price that may be closer to lot value than finished-home values. Similar renovated 2/1 cottages nearby have sold for more than $650,000 in the last year. This cottage is sitting on a fantastic corner lot within walking distance of Port Townsend’s Uptown and Downtown areas (think a lovely stroll to Aldrich’s, the Farmer’s Market and the Uptown Pub). Detached 1-car garage and attached 2-car carport. If you’ve been waiting for a project with real upside, this could be your chance to create something special while helping a difficult situation end on a better note. Cash buyers only. Sold as-is; sale is contingent on court approval. Buyer to exercise full due diligence on condition & utilities. Bring your vision. Bring your creativity. Bring your contractor. And bring your final and best offer by noon on June 30.