Listed by RE/MAX Northwest, Bought with Steel Realty Group, LLC
NOT LISTED FOR SALE

Estimated Value: $540,000 - $648,000

6 Beds
2 Baths
2,220 Sq Ft
$279/Sq Ft Est. Value

Last Sold February 17, 2021

Last sale price $475,000 $214 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,822/month

30 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • Corner Lot

About This Home

As of February 2021

Large/solid duplex with three bedrooms, one bath, washer/dryers and plenty of parking with upside on rents. Seller told by Section 8 will pay over 2k per unit. Conveniently located 10 minutes from downtown Seattle with views of the valley. Very long term tenants so the units are worn but paint and new kitchen cabinets could freshen the units. Hardly any rent increases over the years so financials are pro-forma.

Last Agent to Sell the Property

Rick Mouw

RE/MAX Northwest License #80899 Listed on: 12/13/2020

RE/MAX Northwest

Last Buyer's Agent

Matthew Steel

Steel Realty Group, LLC License #25092

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1697868

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,743

Year Built

  • Built in 1951

Lot Details

  • 0.27 Acre Lot
  • Corner Lot
  • Property is in average condition

Parking

  • 4 Parking Spaces

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,220 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Community Details

  • Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0795002600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,743

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1951
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2220
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Forced Air, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Electric, Oil
  • WaterSewerGarbage: 3060

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0795002600
  • Lot Size Acres: 0.269
  • Lot Size Sq Ft: 11717
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King Co
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Oil

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3700

Multi Family

  • Gross Scheduled Income: 44400
  • Net Operating Income: 34747
  • Number Of Units Total: 2
  • Insurance Expense: 850
  • Leasable Area: 2220
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5743

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2020
Closed on
Feb 16, 2021
Sold by
Berman 1 Llc
Bought by
Mohammad Iqbal
Seller's Agent
Rick Mouw
RE/MAX Northwest
Buyer's Agent
Matthew Steel
Steel Realty Group, LLC
List Price
$487,000
Sold Price
$475,000
Premium/Discount to List
-$12,000
-2.46%
Current Estimated Value
$619,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,781
Avg. Annual Appreciation
5.94%
Original Mortgage
$356,250
Outstanding Balance
$318,351
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$301,430

Purchase Details

Closed on
Feb 29, 2016
Sold by
Berman Osho
Bought by
Berman 1 Llc

Purchase Details

Closed on
Apr 29, 2011
Sold by
The Bank Of New York Mellon
Bought by
Bennan Osho

Purchase Details

Closed on
Jul 13, 2010
Sold by
Gutierrez Gary B
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Sep 1, 2005
Sold by
Gutierrez Heather
Bought by
Gutierrez Gary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
5.32%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 24, 2005
Sold by
Pang Teresa W
Bought by
Gutierrez Gary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
5.32%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 18, 2001
Sold by
Pang Teresa W
Bought by
Pang Teresa W and Allen & Teresa Pang Living Trust

Purchase Details

Closed on
Mar 15, 2000
Sold by
Pang Allen K and Pang Teresa W
Bought by
Pang Allen K and Pang Teresa W
Source: Public Records

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
Mohammad Iqbal $475,000 None Available
Berman 1 Llc -- None Available
Bennan Osho $132,000 Northwestern Titl
The Bank Of New York Mellon $161,500 Northwest Title
Gutierrez Gary B -- Ticor National
Gutierrez Gary B $256,000 Ticor National
Pang Teresa W -- --
Pang Allen K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohammad Iqbal $356,250
Previous Owner Gutierrez Gary B $51,200
Previous Owner Gutierrez Gary B $51,200
Previous Owner Gutierrez Gary B $204,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2021 02/17/21 Sold $475,000 -2.5% $214 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $487,000 0.0% $219 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/13/2020 12/13/20 For Sale $487,000 -- $219 / 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 $6,281 $521,000 $245,000 $276,000
2023 $5,716 $456,000 $196,000 $260,000
2022 $5,733 $493,000 $171,000 $322,000
2021 $5,357 $433,000 $149,000 $284,000
2020 $5,743 $380,000 $131,000 $249,000
2018 $4,144 $331,000 $117,000 $214,000
2017 $3,540 $266,000 $98,000 $168,000
2016 $2,972 $228,000 $83,000 $145,000
2015 $2,893 $195,000 $73,000 $122,000
2014 -- $187,000 $70,000 $117,000
2013 -- $184,000 $64,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1697868

Northwest Multiple Listing Service (NWMLS)

APN: 079500-2600