Listed by Skyline Properties, Inc., Bought with Homes & Equity Real Estate Grp
NOT LISTED FOR SALE

Estimated Value: $1,853,000 - $2,496,304

-- Bed
-- Bath
5,070 Sq Ft
$442/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $1,396,500 $275 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $13,297/month

57 Days on Market

Highlights

  • Wood Siding
  • Odle Middle School Rated A
  • Wall to Wall Carpet

About This Home

As of November 2017

Bellevue 4plex,$7,000 monthly income, Clean building with long term tenants. 2 units have been remodeled and updated, Prime location, Bellevue schools, Walmart, Starbucks & other amenities. Low maintenance, Near downtown Bellevue, Bellevue college and Microsoft. On major bus line. Never vacant. Association handles garbage & lawn maintenance, priced under $350 psf .sale includes 1/19th share of vacant lot. No Sign,don't contact tenants, interior view with e/money.They don't make these anymore!

Last Agent to Sell the Property

Fred Grunewald

Skyline Properties, Inc. License #121501 Listed on: 09/01/2017

Skyline Properties, Inc.

Last Buyer's Agent

Allen Afshar

Homes & Equity Real Estate Grp License #39083

Homes & Equity Real Estate Grp

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1186568

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,337

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 8,179 Sq Ft Lot

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 5,070 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Sammamish Snr High School

Community Details

  • Fairlake Condos
  • Lake Hills Subdivision

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 2460300120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,337

Year Built

Built in 1969 | Remodeled

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Fairlake
  • New Construction: No
  • CalculatedSquareFootage: 5070
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 388

Interior Features

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

Exterior Features

  • Roof: Torch Down
  • Lot Features: Alley
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Slab
  • Property Condition: Remodeled
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: public
  • SewerCompany: public
  • WaterCompany: public
  • WaterSewerGarbage: 1250

Condo/Co-op/Association

  • Association Fee: 1000
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bellevue
  • High School: Sammamish Snr High

Lot Info

  • Parcel Number: 2460300120
  • Lot Size Acres: 0.1878
  • Lot Size Sq Ft: 8179
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • ZoningClass: Multi-Family
  • LotNumber: 12

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 7050

Multi Family

  • Gross Scheduled Income: 84600
  • Net Operating Income: 73010
  • Number Of Units Total: 4
  • Electric Expense: 370
  • Insurance Expense: 1633
  • Leasable Area: 5070
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 7337

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2017
Closed on
Nov 21, 2017
Sold by
Cheung Franklin and Cheung Nick
Bought by
Afshar Ali and Afshar Rozita
Seller's Agent
Fred Grunewald
Skyline Properties, Inc.
Buyer's Agent
Allen Afshar
Homes & Equity Real Estate Grp
List Price
$1,450,000
Sold Price
$1,396,500
Premium/Discount to List
-$53,500
-3.69%
Current Estimated Value
$2,241,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$844,601
Avg. Annual Appreciation
6.64%
Original Mortgage
$480,000
Interest Rate
3.88%

Purchase Details

Closed on
Mar 18, 2015
Sold by
Cheung Paylee
Bought by
Cheung Franklin

Purchase Details

Closed on
Dec 12, 1996
Sold by
Thompson Stephen E and Thompson Jacqueline W
Bought by
Cheung Nick and Cheung Franklin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
7.53%
Source: Public Records

Range of Values:

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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
Afshar Ali $1,396,500 First American Title Ins Co
Cheung Franklin -- Accommodation
Cheung Nick $283,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Afshar Ali $409,000
Closed Afshar Ali $480,000
Previous Owner Cheung Nick $304,600
Previous Owner Cheung Nick $254,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2017 11/30/17 Sold $1,396,500 -3.7% $275 / Sq Ft
10/29/2017 10/29/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $1,450,000 0.0% $286 / Sq Ft
09/25/2017 09/25/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $1,450,000 -- $286 / 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 $11,331 $1,544,000 $327,100 $1,216,900
2023 $11,493 $1,657,000 $310,800 $1,346,200
2022 $12,253 $1,623,000 $302,600 $1,320,400
2021 $13,065 $1,492,000 $286,200 $1,205,800
2020 $11,379 $1,475,000 $278,000 $1,197,000
2018 $8,288 $1,060,000 $253,500 $806,500
2017 $7,337 $900,000 $245,300 $654,700
2016 $7,207 $840,000 $245,300 $594,700
2015 -- $819,000 $245,300 $573,700
2014 -- $783,000 $171,700 $611,300
2013 -- $702,000 $147,200 $554,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1186568

Northwest Multiple Listing Service (NWMLS)

APN: 246030-0120