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Lake Forest Park, WA, 98155 • 98155 • King County
$394/sqft
3Beds
2Baths
2,500Sqft
0.32 acLot
1952Built
Waterfront Property
Direct water access
Water Views
Water
Hardwood Floors
Quality flooring throughout
Demand and pricing signals for this listing
8 views
People checking out this listing
10213 days on market
Established listing
$394/sqft
Price per square foot
Single Family · Built 1952
fresh paint inside, all updated , new laminate floors in kitchen , and bathrooms.. hardwoods just refinished bonus office and 2nd small kitchen area Must physically view property Possible mother in law tenant pays al. utilities . Criteria for Tenancy: Please be prepared to pay the application fee as outlined in the property listing. In addition to this rental application, you will also be required to provide a copy of a valid form of identification and proof of income. To complete this rental application, you must be prepared to provide 3 years of residential history as well as contact information for your rental references. You will also be asked to provide information on your monthly income, and please note that most properties require that applicant combined gross income is at least three (3) times the monthly rent amount. Each resident over the age of 18 must submit a separate rental application. Lastly, below you will find the Coldwell Banker Danforth Commercial Property Management criteria for tenancy. Please be sure to fully read before submitting your application. A. GENERAL REQUIREMENTS 1. Positive picture ID is required. 2. Each applicant must qualify individually, except for total income. 3. Application must be filled out and signed. 4. Application Fees must be paid prior to processing the rental application. 5. Applicant acknowledges and accepts that Coldwell Banker Property represents the owner of the property for which applicant is applying. B. INCOME REQUIREMENTS 1. Gross monthly income must equal three (3) times the monthly rent. 2. If monthly household income does not meet three (3) times stated monthly rent, an additional one month's rent or qualified roommate will be required. 3. If co-signer is required, their monthly income should equal five (5) times the stated monthly rent. Co-Signer must reside in Washington State, and have a credit score of at least 650. 4. A current paycheck stub will be required. Your application is not complete if earnings are not sent with credit application. 5. Some form of verifiable income will be required for unemployed applicants. 6. Self-employed applicants will require proof of income from 2 years' tax returns. C. CREDIT REQUIREMENTS 1. A minimum credit score of 650 is required. 2. Outstanding bad debts being reported on credit report which is more than $1000 but less than $10,000 will require an additional one month's rent. 3. Outstanding bad debts being reported on credit report being more than $10,000 will result in denial. 4. Excessive collection (6 or more) will result in denial. 5. Outstanding debt to property management or landlord will result in denial. 6. Any applicant with a bankruptcy not showing as discharged is denied until shown otherwise. 7. After a bankruptcy has been discharged, applicant must show six (6) months of positive established credit or have co-signer. D. RENTAL REQUIREMENTS 1. Two years of verifiable residence history from a third-party landlord required. 2. Rental history demonstrating residency, but not by a third party, will require an additional security deposit equal to one-half month's rent, or a co-signer residing in Washington state. 3. Home ownership will be verified through tax assessor's office or credit report. 4. Four (4) or more three-day notices within a 12-month period will result in denial. 5. Two (2) or more NSF checks within a 12-month period will result in denial. 6. Rental history reflecting any unpaid past due rent will result in denial. 7. Any unlawful detainer action or eviction over three (3) years old which has been paid can be approved with added security deposit or prepaid last month's rent. 8. Rental history showing $50.00 but less than $750.00 damage will require an additional one month's rent, only if the amount has been paid in full. 9. Rental history reflecting more than $750.00 damage will result in denial. 10. Rental history with disturbance complaints will be denied if the previous owner/manager would not re-rent. 11. Added security deposit is needed for any instance of unauthorized persons or pets in a unit rented by the applicant. 12. Renters Insurance will be required, ask property manager about cost/recommendation for insurance company. See Insurance Addendum E. EMPLOYMENT REQUIREMENTS 1. Verifiable employment is required. 2. If unemployed and unable to verify the income necessary to pay rent, applicant will be denied. 3. Self-employed individuals must be verified through last three tax returns, and last three months of bank statements. 4. Prepayment of last month's rent is needed for temporary or seasonal employees. 5. If applicant is accepted an additional one month's rent will be required when employment does not meet the stated criteria. F. FACTORS THAT MAY RESULT IN A DENIAL Within the City of Seattle: A credit score less than 650. Sexual crime against a minor. Any unlawful detainer action or eviction within the past three years will result in denial. Any current 3-day notice will result in denial. Four or more 3-day notices within a 12-month period will result in denial Two or more NSF checks within a 12-month period will result in denial. All other areas in Washington State - In addition to the above, the following could result in a denial if the property you are applying for is outside Seattle city limits: A credit score less than 650. Any felony conviction within the last ten years may result in a denial depending on the nature of the crime and the prospective tenant's actions in the subsequent decade. If there is a criminal conviction and the applicant has been out of jail/prison less than five (5) years, they may be denied. If the criminal offense was of a physical or violent nature against either person or property, the applicant will be denied. If the criminal offense took place more than ten (10) years ago, or if the person has been out of jail/prison more than five (5) years and has an acceptable credit and rental history, they may be approved. (They may only be approved if this was a onetime offense and was not a physical or violent nature. Multiple offenders will be denied regardless of what the credit and rental history shows). Application fee: $40.00 per individual, 18 years or older residing in home.
Based on current rates
Est. 6.28% rate · 30yr fixed · $788,080 loan
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3 schools rated nearby
Lake Forest Park, WA, 98155
4 events
21 years of records
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Lake Forest Park, WA • King County
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