NOT LISTED FOR SALE

Estimated Value: $1,447,000 - $1,817,000

6 Beds
4 Baths
2,528 Sq Ft
$625/Sq Ft Est. Value

Last Sold December 30, 2015

Last sale price $850,000 $336 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $9,816/month

27 Days on Market

Highlights

  • Property is near a park
  • Laundry Room
  • 3-minute walk to Queen Anne Recreation Center
  • Queen Anne Place Elementary Rated 9+

About This Home

As of December 2015

Step right up to this beautifully remodeled duplex! Both units are spacious and provide a good sized living room for entertaining. The front unit boasts 2 ample sized bedrooms/1bath, and really nice sized living/dining area. The unit at the rear of the property has 3bedrooms/2baths on the 2nd floor, and 1 bedroom/1bath on the 1st floor. Both units have been remodeled with new, white, shaker kitchen cabinets, new bathrooms with decorative trim in the bathtub tile walls, raised panel doors and hardware throughout, new light fixtures, new carpet, and refinished hardwood floors. Best of all, the property has central AC! The back yard has 2 finished decks that are perfect for summer bbq's or building a nice storage unit. The front yard has sprinkler system on an automatic timer.

Last Agent to Sell the Property

Yvonne Flores

Westcliff Properties License #01221486 Listed on: 09/08/2015

Last Buyer's Agent

Christine Oam

Action Real Estate License #01857417

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,582

Year Built

  • Built in 1922

Lot Details

  • 4,853 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 2,528 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Property is near a park

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 4139
  • Assessor Parcel Number 5083012012

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $120
  • Trash Expense $25
  • Water Sewer Expense $100
  • New Taxes Expense $2,000
  • Gross Income $3,950
  • Net Operating Income $44,055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,582

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5083012012
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 336.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Trash Expense: 25.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 4853.00
  • Price Per Lot Square Foot: 175.15
  • Lot Size Acres: 0.1110

Multi Family

  • Gross Income: 3950.00
  • Gross Scheduled Income: 47400.00
  • Insurance Expense: 120.00
  • Lot Size Area: 4853.0000 Square Feet
  • Net Operating Income: 44055.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3345.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Lot: 10
  • Tax Tract Number: 4139

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2022
Sold by
Kim Solomon and Sung Hwa
Bought by
Kim David Hwan
Current Estimated Value
$1,579,835

Purchase Details

Closed on
Jun 19, 2020
Sold by
Suk Jiyoon
Bought by
Kim David Hwan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2020
Sold by
Kim Solomon and Kim Sung Hwa
Bought by
Kim Solomon and Kim Sung Hwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2016
Sold by
Kim Solomon and Kim Sung Hwa
Bought by
Kim Solomon and Kim Sung Hwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2015
Sold by
Ahcl Capital Llc
Bought by
Kim Solomon and Kim Sung Hwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2014
Closed on
May 23, 2014
Sold by
Wells Fargo Bank Na
Bought by
Ahcl Capital Llc
Seller's Agent
Joseph Breckner
Coldwell Banker Realty
Buyer's Agent
Joseph Breckner
Coldwell Banker Realty
List Price
$709,500
Sold Price
$525,000
Premium/Discount to List
-$184,500
-26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.24%
Original Mortgage
$10,000,000
Interest Rate
4.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 6, 2013
Sold by
Kang Mee Kun
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 4, 2002
Sold by
Kang Shin B
Bought by
Kang Mee Kun

Purchase Details

Closed on
Jun 9, 2000
Sold by
Kim Mee Kun Kang
Bought by
Kang Shin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8.27%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 15, 2000
Sold by
Park Jae C and Park Bok N
Bought by
Kang Shin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8.27%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 9, 1998
Sold by
Kim Young K
Bought by
Park Jae Chul and Park Bok Nam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,400
Interest Rate
7.02%

Purchase Details

Closed on
Feb 17, 1994
Sold by
Kim Mo Young
Bought by
Kim Young Kun
Source: Public Records

Range of Values:

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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
Kim David Hwan -- --
Kim David Hwan -- Provident Title Company
Kim Solomon -- Provident Title Company
Kim Solomon -- Provident Title
Kim Solomon $850,000 Old Republic Title Company
Ahcl Capital Llc $525,000 Lsi Title Company Inc
Wells Fargo Bank Na $595,319 Accommodation
Kang Mee Kun -- --
Kang Shin B -- Lawyers Title Company
Kang Shin B $170,000 Lawyers Title Company
Park Jae Chul $116,000 North American Title
Kim Young Kun -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Solomon $571,000
Previous Owner Kim Solomon $595,000
Previous Owner Kim Solomon $595,000
Previous Owner Ahcl Capital Llc $10,000,000
Previous Owner Kang Shin B $170,000
Previous Owner Park Jae Chul $104,400
Closed Kang Shin B $25,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2015 12/30/15 Sold $850,000 +3.7% $336 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $820,000 +56.2% $324 / Sq Ft
06/16/2014 06/16/14 Sold $525,000 -26.0% $208 / Sq Ft View Prior Sale
05/23/2014 05/23/14 Pending -- -- --
02/11/2014 02/11/14 For Sale $709,500 -- $281 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $17,582 $1,456,560 $1,196,460 $260,100
2024 $17,582 $1,428,000 $1,173,000 $255,000
2023 $17,245 $1,400,000 $1,150,000 $250,000
2022 $11,503 $948,186 $685,818 $262,368
2021 $11,354 $929,595 $672,371 $257,224
2020 $11,468 $920,064 $665,477 $254,587
2019 $11,019 $902,025 $652,429 $249,596
2018 $10,901 $884,339 $639,637 $244,702
2016 $10,417 $850,000 $614,800 $235,200
2015 $6,669 $535,488 $377,392 $158,096
2014 $7,372 $580,000 $406,000 $174,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15185412

California Regional Multiple Listing Service (CRMLS)

APN: 5083-012-012