NOT LISTED FOR SALE

Estimated Value: $860,338 - $1,088,000

8 Beds
4 Baths
3,216 Sq Ft
$307/Sq Ft Est. Value

Last Sold January 25, 2016

Last sale price $450,000 $140 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $6,385/month

125 Days on Market

About This Home

As of January 2016

Huge upside potential in this well located 4-plex, rents not raised in many years. On bus line, near shopping and more. Three 2-bedroom, 1 bath units, One 1 bdrm, 1 bath unit. Coin operated W&D for additional income. Needs some TLC and updating.

Last Agent to Sell the Property

Mike Fuchigami

RE/MAX All City License #14043 Listed on: 07/30/2015

RE/MAX All City

Last Buyer's Agent

Jessica Livingston

Windermere Mercer Island License #23806

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 827236

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,423

Year Built

  • Built in 1963

Lot Details

  • 8,760 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,216 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • White Center Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3451000388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,423

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1963
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3216
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 399

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • 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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2580

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 3451000388
  • Lot Size Acres: 0.2011
  • Lot Size Sq Ft: 8760
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3200

Multi Family

  • Gross Scheduled Income: 37200
  • Net Operating Income: 27264
  • Number Of Units Total: 4
  • Electric Expense: 300
  • Insurance Expense: 1633
  • Leasable Area: 3216
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5423

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2019
Sold by
Ez Real Estate 11006 Llc
Bought by
Zhang Elisa
Total Days on Market
125
Current Estimated Value
$988,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Outstanding Balance
$424,953
Interest Rate
4.4%
Estimated Equity
$563,160

Purchase Details

Closed on
Oct 31, 2017
Sold by
Zhang Elisa W
Bought by
Ez Real Estate 11006 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
3.85%

Purchase Details

Listed on
Jul 30, 2015
Closed on
Jan 22, 2016
Sold by
Derouin Michael G and Adams Derouin K Anabel
Bought by
Zhang Elisa W
Seller's Agent
Mike Fuchigami
RE/MAX All City
Buyer's Agent
Jessica Livingston
Windermere Mercer Island
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$337,500
Interest Rate
3.92%

Purchase Details

Closed on
Nov 22, 2004
Sold by
Derouin Walter R and Derouin Donna L
Bought by
Derouin Michael G and Anabel Adams Derouin K
Source: Public Records

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Range of Values:

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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
Zhang Elisa -- First American Title
Ez Real Estate 11006 Llc -- First American
Zhang Elisa W $450,000 First American
Derouin Michael G $74,923 Transnation Ti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Elisa $479,500
Previous Owner Ez Real Estate 11006 Llc $256,000
Previous Owner Zhang Elisa W $337,500
Previous Owner Derouin Michael G $220,000
Previous Owner Derouin Michael G $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2016 01/25/16 Sold $450,000 -9.1% $140 / Sq Ft
12/03/2015 12/03/15 Pending -- -- --
07/30/2015 07/30/15 For Sale $495,000 -- $154 / 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 $10,057 $811,000 $306,600 $504,400
2023 $10,167 $854,000 $306,600 $547,400
2022 $10,388 $858,000 $289,000 $569,000
2021 $9,800 $776,000 $262,800 $513,200
2020 $8,881 $688,000 $227,700 $460,300
2018 $7,455 $510,000 $192,700 $317,300
2017 $6,767 $473,000 $175,200 $297,800
2016 $5,705 $433,000 $175,200 $257,800
2015 -- $376,000 $175,200 $200,800
2014 -- $350,000 $175,200 $174,800
2013 -- $350,000 $175,200 $174,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 827236

Northwest Multiple Listing Service (NWMLS)

APN: 345100-0388