1718 Lake Ave S

Renton, Washington, 98055

Tax DeedpendingSells Oct 10, 2026 · today

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Beds: 2
Baths: 1
SqFt: 2,299
Lot Size: 29,400
Year Built: 1947
APN: 334040-1355

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
County: King

Value

Estimated Value: $827,000
County Market Value: $775,000; 2025
Assessed Value: $775,000; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2022

Opportunity

Opening Bid: $22,085
Bid / Value: 3%; of $827,000
Property Tax 2025: $8,466; annual bill · not the amount owed
Equity (est.): $827,000; 100%
Monthly Rent: $2,320; Suggested rent
Gross Yield: 3.37%

Opening bid

$22,085

Assessed value

$775,000

Land $316,000Improvement $459,000

Market / AVM

$827,000

Property tax 2025

$8,466

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Marjorie Ericksen
Mailing Address: 1718 Lake Ave S, Renton, WA 98055
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 2
Total Bathrooms: 1
Partial Bathrooms

Deal analysis

Your maximum bid

$501,647

Walk away above this. Projected profit at the ceiling: $248,100 (30% of ARV).

Opening bid $22,085

Room to bid $479,562

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$193,844

Under max by $307,803

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

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Median sold

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p(redeem) prior

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No historical bucket for WA|Tax Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $827,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $827,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$66,160
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical WA range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical WA recording and deed issuance cost.: −$250
Holding costs (6 months)assumed Taxes, insurance, and securing the property at ~$1,241/month.: −$7,443
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$248,100
Maximum bid: $501,647

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. A WASHINGTON TAX DEED CAN BE UNWOUND FOR THREE YEARS AND THE RECORD WILL NOT WARN YOU. RCW 84.64.070: "If the real property of any minor, or any person adjudicated to be legally incompetent, be sold for nonpayment of taxes, the same may be redeemed at any time within three years after the date of sale." Nothing in a title search reveals that a former owner was a minor or had been adjudicated incompetent, so this is a latent claim on every Washington parcel for three years. It is the reason quietTitle is marked required in a state whose deed is otherwise clean.
This is the most trustworthy derived ARV in the file — full market value, revalued every year — but the parcel is only physically inspected once every six years, so an annual revaluation is a model applied to a property nobody has looked at recently. On a tax-foreclosure parcel, where deterioration is the norm and is exactly what a model of comparable sales will miss, the assessment is likely to describe a building in better condition than the one being sold. Farm, agricultural, timber and open space land also has its own valuation basis outside RCW 84.40.030 and will sit far below market.

1718 Lake Ave S

Value

Mortgage & Debt

Opportunity

Ownership Information

Property Characteristics

1718 Lake Ave S

Value

Mortgage & Debt

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

County records

King County rules

Historical comps

Verify before you bid