Listed by Venture Real Estate Group LLC, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

11616 NE 132nd St Unit A Kirkland, WA 98034

Kingsgate Neighborhood

Estimated Value: $1,813,246

2 Beds
2 Baths
2,470 Sq Ft
$734/Sq Ft Est. Value

Last Sold May 12, 2016

Last sale price $955,000 $387 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $11,693/month

30 Days on Market

Highlights

  • 0.74 Acre Lot
  • Territorial View
  • Corner Lot
  • Robert Frost Elementary School Rated A
  • Wood Flooring

About This Home

As of May 2016

Income generating Triplex & 3 buildable lots. Blocks away from the Totem Lake Mall Redevelopment. As well as near the Totem Lake Business District. Three units consist of one residential home with newer hardwood floors and newer 2006 constructed duplex. Possible commercial/multifamily rezone potential? Build now or build later. (Buyer to Verify) Owner has full survey w/ elevations topographical, and preliminary design for retention system. lots 1,2,3,4

Last Agent to Sell the Property

Andrew Langsford

Venture Real Estate Group LLC License #24298 Listed on: 02/04/2016

Co-Listed By

Jamie Langsford

Venture Real Estate Group LLC License #24814

Last Buyer's Agent

Nanling Chen

Skyline Properties, Inc. License #11332

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 892774

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,533

Year Built

  • Built in 2006

Lot Details

  • 0.74 Acre Lot
  • Corner Lot
  • Value in Land

Home Design

  • Triplex
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2,470 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Kirkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2126059125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,533

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2006
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2470
  • Special Features: None
  • Cumulative Days on Market: 390

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • SewerCompany: Public
  • WaterSewerGarbage: 1764

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 2126059125
  • Lot Size Acres: 0.74
  • Lot Size: 32234
  • Lot Size Sq Ft: 32234
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4500

Multi Family

  • Gross Scheduled Income: 54000
  • Net Operating Income: 36640
  • Number Of Units Total: 3
  • Insurance Expense: 762
  • Leasable Area: 2470
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 8533

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2016
Closed on
May 10, 2016
Sold by
Pinkley Robert and Lawrence James
Bought by
Kirkland 4 Lots Llc
Seller's Agent
Andrew Langsford
Venture Real Estate Group LLC
Buyer's Agent
Nanling Chen
Skyline Properties, Inc.
List Price
$985,000
Sold Price
$955,000
Premium/Discount to List
-$30,000
-3.05%
Current Estimated Value
$1,813,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$858,246

Purchase Details

Closed on
Jul 16, 2004
Sold by
Pinkley Heather
Bought by
Pinkley Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,300
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2004
Sold by
Kamb Rosemary
Bought by
Pinkley Robert and Lawrence James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,300
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Kirkland 4 Lots Llc $955,000 First American
Pinkley Robert J -- Old Republic T
Lawrence James -- Old Republic T
Pinkley Robert $270,400 Old Republic T
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pinkley Robert $389,200
Previous Owner Pinkley Robert $27,800
Previous Owner Pinkley Robert $216,300
Closed Pinkley Robert $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2016 05/12/16 Sold $955,000 -3.0% $387 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $985,000 -- $399 / 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
2020 $258 $0 $0 $0
2018 $11,200 $890,000 $661,000 $229,000
2017 $9,248 $1,099,000 $600,000 $499,000
2016 $9,248 $989,000 $539,000 $450,000
2015 $8,533 $932,000 $506,000 $426,000
2014 -- $827,000 $448,000 $379,000
2013 -- $731,000 $396,000 $335,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 892774

Northwest Multiple Listing Service (NWMLS)

APN: 212605-9125