Listed by Westlake Associates, Inc., Bought with Momentum Venture Partners LLC
$815,000
SOLD OCT 31, 2024

11824 Des Moines Memorial Dr S Seattle, WA 98168

Boulevard Park Neighborhood
-- Bed
-- Bath
2,260 Sq Ft
0.34 Acres

Recently Sold

$361 Per Sq Ft

9% Below List Price

75 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-Story Property
  • Vinyl Plank Flooring
  • Wood Siding

About This Home

As of October 2024

The Rainier Golf Fourplex offers the chance to purchase two side-by-side duplexes with garage access. This lot is prime for future redevelopment. Please review the marketing package found in the supplemental documents for further details. • Strong redevelopment opportunity with intermediate value-add investment potential • Insurance Bid in-hand for next Buyer • RM-48 Zoning allows for 48 Units or Townhomes per net acre • Density allows for the development of 16 Townhomes (Buyer to verify) • Easy Access to cities of Burien, SeaTac and Seattle • Located on Metro Busline and within close proximity to the Light Rail Stations • Close proximity to major roadways of Hwy 509, Hwy 99 and Interstate 5

Last Agent to Sell the Property

Reid Jones

Westlake Associates, Inc. License #87080 Listed on: 07/24/2024

Last Buyer's Agent

Jason Miller

Momentum Venture Partners LLC License #19987

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2269551

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,401

Year Built

  • Built in 1948

Lot Details

  • 0.34 Acre Lot
  • Street terminates at a dead end

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,260 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 7 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Boulevard Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0985000462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,401

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1948
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2260
  • Special Features: None
  • Cumulative Days on Market: 306

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 5401

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 0985000462
  • Lot Size Acres: 0.3393
  • Lot Size Sq Ft: 14781
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor
  • MLSSquareFootageSource: King County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.33
  • LeasedItems: None
  • TotalMonthlyIncome: 5445

Multi Family

  • Gross Scheduled Income: 65340
  • Net Operating Income: 39272
  • Number Of Units Total: 4
  • Insurance Expense: 3350
  • Leasable Area: 2260
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Jan 16, 2021
Sold by
Lal Suruj and Lal Doris
Bought by
Verduin John
Seller's Agent
Justin Laukala
Windermere Real Estate/PSR Inc
Buyer's Agent
Carl Shaw
John L. Scott, Inc.
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%
Current Estimated Value
$767,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,551
Avg. Annual Appreciation
6.35%
Original Mortgage
$435,000
Outstanding Balance
$392,658
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$371,977

Purchase Details

Closed on
Mar 30, 1996
Sold by
Takaki Don and Takaki Akiko
Bought by
Lal Suruj and Lal Doris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,400
Interest Rate
7.41%

Purchase Details

Closed on
Mar 8, 1996
Sold by
Taylor Thomas J
Bought by
Taylor Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,400
Interest Rate
7.41%
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 Type Sale Price Title Company
Warranty Deed $580,000 Modus
Warranty Deed $83,000 Stewart Title
Interfamily Deed Transfer -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $435,000 New Conventional
Previous Owner $66,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $815,000 0.0% $361 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/25/2024 09/25/24 Price Changed $815,000 -8.9% $361 / Sq Ft
07/24/2024 07/24/24 For Sale $895,000 +54.3% $396 / Sq Ft
01/20/2021 01/20/21 Sold $580,000 -5.7% $257 / Sq Ft
11/19/2020 11/19/20 Pending -- -- --
09/12/2020 09/12/20 Price Changed $615,000 -1.6% $272 / Sq Ft
08/21/2020 08/21/20 For Sale $625,000 0.0% $277 / Sq Ft
08/13/2020 08/13/20 Pending -- -- --
07/15/2020 07/15/20 Price Changed $625,000 -3.5% $277 / Sq Ft
07/03/2020 07/03/20 Price Changed $648,000 -4.7% $287 / Sq Ft
06/18/2020 06/18/20 For Sale $680,000 -- $301 / 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 $7,000 $634,000 $205,000 $429,000
2023 $6,401 $555,000 $164,000 $391,000
2022 $6,318 $600,000 $143,000 $457,000
2021 $5,769 $516,000 $125,000 $391,000
2020 $5,653 $454,000 $110,000 $344,000
2018 $5,631 $485,000 $141,000 $344,000
2017 $4,765 $405,000 $118,000 $287,000
2016 $4,013 $346,000 $100,000 $246,000
2015 $3,950 $300,000 $87,000 $213,000
2014 -- $285,000 $83,000 $202,000
2013 -- $245,000 $76,000 $169,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2269551

Northwest Multiple Listing Service (NWMLS)

APN: 098500-0462