NOT LISTED FOR SALE

Estimated Value: $936,000 - $1,167,000

8 Beds
4 Baths
3,136 Sq Ft
$338/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $1,005,000 $320 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,714/month

50 Days on Market

Highlights

  • Deck
  • Ceramic Tile Flooring
  • Partially Fenced Property
  • No HOA
  • Dog Run

About This Home

As of November 2022

Centrally located, well kept 4-plex with spacious 2 bedroom, 1 bathroom 784 sq.ft. units. 5% Pro Forma Cap Rate! Fully remodeled upstairs units are move in ready with new LVP flooring, updated kitchens and bathrooms, new carpet, fresh paint and new wall heaters. All units have private balconies! Secure laundry room with washer and dryer - convert to coin-op for additional income. Storage room with storage lockers for each unit. Large, fenced yard with a courtyard and 8 parking spaces. South side of roof replaced in 2020. Lower unit has long term tenant. 1 owner occupied unit that will be vacant prior to closing. Conveniently located minutes from downtown Seattle, Sea-Tac Airport, schools, parks, shopping & transit, I-5, HWY 99, 509 & I-90.

Last Listed By

Kendra Todd

KW Greater Seattle License #23154 Listed on: 08/18/2022

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1984792

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,670

Year Built

  • Built in 1978

Lot Details

  • 8,636 Sq Ft Lot
  • Dog Run
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • No Home Owners Association
  • White Center Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6303400195

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,670

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3136
  • Special Features: None
  • Cumulative Days on Market: 308

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 5579.47

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 6303400195
  • Lot Size Acres: 0.1983
  • Lot Size Sq Ft: 8636
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dog Run,Fenced-Partially
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.55
  • LeasedItems: None
  • TotalMonthlyIncome: 6430

Multi Family

  • Gross Scheduled Income: 77160
  • Net Operating Income: 54320
  • Number Of Units Total: 4
  • Electric Expense: 290.18
  • Insurance Expense: 2441
  • Leasable Area: 3136
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 50

Tax Info

  • Year: 2022
  • Tax Annual Amount: 10670

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Dec 8, 2022
Sold by
Arias Enrique
Bought by
Arias Realty Llc
Seller's Agent
Kendra Todd
KW Greater Seattle
Buyer's Agent
Summer Wilborn
Better Properties N. Proctor
List Price
$1,200,000
Sold Price
$1,005,000
Premium/Discount to List
-$195,000
-16.25%
Total Days on Market
50
Current Estimated Value
$1,059,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,211
Avg. Annual Appreciation
2.11%
Original Mortgage
$753,750
Outstanding Balance
$734,576
Interest Rate
7.08%
Estimated Equity
$324,635

Purchase Details

Listed on
Aug 18, 2022
Closed on
Nov 11, 2022
Sold by
Shelley Tricia M
Bought by
Arias Enrique and Arias Trisha Anne
Seller's Agent
Kendra Todd
KW Greater Seattle
Buyer's Agent
Summer Wilborn
Better Properties N. Proctor
List Price
$1,200,000
Sold Price
$1,005,000
Premium/Discount to List
-$195,000
-16.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$753,750
Outstanding Balance
$734,576
Interest Rate
7.08%
Estimated Equity
$324,635

Purchase Details

Closed on
Jun 3, 2014
Sold by
Chamberlin Michelle
Bought by
Shelley Tricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,852
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 2007
Sold by
Stevenson Eric and Stevenson Kimberly L
Bought by
Shelley Tricia M and Chamberlin Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,917
Interest Rate
6.29%

Purchase Details

Closed on
Jan 23, 2005
Sold by
Stevenson Eric and Stevenson Kimberly L
Bought by
10423 17Th Ave Sw Land Trust

Purchase Details

Closed on
Aug 3, 2004
Sold by
Hasson David and Hasson Michele L
Bought by
Stevenson Eric J and Stevenson Kimberly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,150
Interest Rate
6.17%

Purchase Details

Closed on
Jul 23, 1999
Sold by
Simmons Paul L and Simmons Nancy E
Bought by
Hasson David and Hasson Michele L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
3.35%

Purchase Details

Closed on
Sep 5, 1996
Sold by
Vierthaler Gerald J and Vierthaler Yvonne
Bought by
Simmons Paul L and Simmons Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
8.23%

Range of Values:

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Average Value
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List Price
Sold Price
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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
Arias Realty Llc -- --
Arias Enrique $1,005,000 Wfg National Title Company Of
Shelley Tricia M $12,000 None Available
Shelley Tricia M $474,900 Transnation Ti
10423 17Th Ave Sw Land Trust -- --
Stevenson Eric J $425,000 --
Hasson David $245,000 Commonwealth Land Title Ins
Simmons Paul L $227,835 Old Republic Title Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arias Enrique $753,750
Previous Owner Shelley Tricia M $396,852
Previous Owner Shelley Tricia M $457,917
Previous Owner Stevenson Eric J $306,150
Previous Owner Hasson David $196,000
Previous Owner Simmons Paul L $182,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $1,005,000 -8.6% $320 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
09/08/2022 09/08/22 Price Changed $1,100,000 -8.3% $351 / Sq Ft
08/18/2022 08/18/22 For Sale $1,200,000 -- $383 / 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 $9,750 $784,000 $259,000 $525,000
2023 $10,180 $802,000 $259,000 $543,000
2022 $10,670 $870,000 $241,800 $628,200
2021 $10,136 $801,000 $215,900 $585,100
2020 $8,873 $731,000 $207,200 $523,800
2018 $7,255 $525,000 $155,400 $369,600
2017 $6,620 $471,000 $155,400 $315,600
2016 $5,687 $441,000 $155,400 $285,600
2015 $5,026 $384,000 $155,400 $228,600
2014 -- $334,000 $155,400 $178,600
2013 -- $334,000 $155,400 $178,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1984792

Northwest Multiple Listing Service (NWMLS)

APN: 630340-0195