Listed by Windermere Real Estate Midtown, Bought with MY International Real Estate
NOT LISTED FOR SALE

Estimated Value: $1,176,000 - $1,204,000

8 Beds
4 Baths
3,942 Sq Ft
$302/Sq Ft Est. Value

Last Sold February 14, 2014

Last sale price $490,000 $124 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $7,358/month

23 Days on Market

Highlights

  • Territorial View
  • Patio
  • Wood Siding
  • Thermal Windows
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of February 2014

WOW, what a fantastic investment opportunity! Built in 1987 and well maintained, this great 4-plex has each unit setup as a townhouse, each unit with 2 bedrooms, 2 bathrooms, in-unit washer/dryers, separate patios, and off street parking. Each townhouse is also set up with an open kitchen, formal dining spaces, and large living room. Great rental income as well as easy upkeep, what else could you ask for?

Last Agent to Sell the Property

Tim Lenihan

Windermere Real Estate Midtown License #27969 Listed on: 01/02/2014

Windermere Real Estate Midtown

Last Buyer's Agent

Mei Young

MY International Real Estate License #26133

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 577194

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,580

Year Built

  • Built in 1987

Lot Details

  • 7,620 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,942 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Seahurst Elementary School
  • Sylvester Mid Middle School
  • Highline High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Burien Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1899400180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,580

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1987
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3942
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Soutwest Suburban
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Highline
  • High School: Highline High
  • Middle Or Junior School: Sylvester Mid

Lot Info

  • Parcel Number: 1899400180
  • Lot Size Acres: 0.1749
  • Lot Size Sq Ft: 7620
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3660

Multi Family

  • Gross Scheduled Income: 43920
  • Net Operating Income: 36340
  • Number Of Units Total: 4
  • Leasable Area: 3942
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 7580

MLS Schools

  • Elementary School: Seahurst Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2014
Closed on
Feb 12, 2014
Sold by
Homestreet Bank
Bought by
Tm West Llc
Seller's Agent
Tim Lenihan
Windermere Real Estate Midtown
Buyer's Agent
Mei Young
MY International Real Estate
List Price
$514,900
Sold Price
$490,000
Premium/Discount to List
-$24,900
-4.84%
Current Estimated Value
$1,190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$700,000
Avg. Annual Appreciation
7.80%

Purchase Details

Closed on
Nov 6, 2013
Sold by
Ratcliffe Baker Investment Company Llc
Bought by
Homestreet Bank

Purchase Details

Closed on
Jun 26, 2007
Sold by
Mastandrea Dominic J and Mastandrea Diana M
Bought by
Ratcliffe Baker Investment Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
7.12%

Purchase Details

Closed on
Jul 25, 1998
Sold by
Coy Gary G
Bought by
Mastandrea Dominic J and Mastandrea Diana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.93%

Purchase Details

Closed on
May 29, 1997
Sold by
Stafstrom Michael J and Oneill Carole J
Bought by
Legend Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
7.98%

Purchase Details

Closed on
Apr 8, 1996
Sold by
Stafstrom Michael J
Bought by
Stafstrom Michael J and Oneill Carole J

Purchase Details

Closed on
Jan 15, 1990
Sold by
Stafstrom Everett E and Stafstrom Olive V
Bought by
Stafstrom Everett E and Stafstrom Olive
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tm West Llc $488,200 First American
Homestreet Bank $441,000 1St Am
Ratcliffe Baker Investment Co Llc $610,000 Commonwealth L
Mastandrea Dominic J $320,000 Transnation Title Insurance
Legend Homes Inc $62,000 First American Title Company
Stafstrom Michael J -- First American Title Ins Co
Stafstrom Michael J -- --
Stafstrom Everett E -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ratcliffe Baker Investment Co Llc $488,000
Previous Owner Mastandrea Dominic J $224,000
Previous Owner Legend Homes Inc $49,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2014 02/14/14 Sold $490,000 -4.8% $124 / Sq Ft
01/26/2014 01/26/14 Pending -- -- --
01/02/2014 01/02/14 For Sale $514,900 -- $131 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,578 $1,117,000 $182,800 $934,200
2023 $11,608 $1,129,000 $175,200 $953,800
2022 $11,967 $1,052,000 $175,200 $876,800
2021 $12,075 $960,000 $170,100 $789,900
2020 $11,022 $937,000 $164,700 $772,300
2018 $9,428 $702,000 $128,000 $574,000
2017 $7,329 $662,000 $112,600 $549,400
2016 $6,864 $516,000 $112,600 $403,400
2015 -- $500,000 $115,000 $385,000
2014 -- $429,000 $115,000 $314,000
2013 -- $463,000 $115,000 $348,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 577194

Northwest Multiple Listing Service (NWMLS)

APN: 189940-0180