Listed by Windermere Real Estate/PSR Inc, Bought with John L. Scott, Inc.
$580,000
SOLD JAN 20, 2021

11824 Des Moines Memorial Dr S Seattle, WA 98168

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

Recently Sold

$257 Per Sq Ft

7% Below List Price

154 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of October 2024

Investors Opportunity with RM48 Zoning on 14,781 sq.ft Lot! Take this property to the next level with its development potential. Ready to Cash Flow with four- one bedroom units offering approximately 565 sq.ft, with full bath, Kitchen and living room, and private back yard space. There is a two car garage that is divided down the middle that can increase rents as well. A little TLC and you will be able to increase your rents even more or take advantage of the zoning.

Last Agent to Sell the Property

Justin Laukala

Windermere Real Estate/PSR Inc License #108868 Listed on: 06/18/2020

Windermere Real Estate/PSR Inc

Last Buyer's Agent

Carl Shaw

John L. Scott, Inc. License #16806

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1617184

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,653

Year Built

  • Built in 1948

Lot Details

  • 0.34 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

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

Flooring

  • Laminate
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Community Details

  • Boulevard Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0985000462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,653

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1948
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2260
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 463

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Ceramic Tile, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 210

Condo/Co-op/Association

  • Senior Community: 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
  • SiteFeatures: Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 48000
  • Net Operating Income: 36862
  • Number Of Units Total: 4
  • Insurance Expense: 589
  • Leasable Area: 2260
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5653

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: 1617184

Northwest Multiple Listing Service (NWMLS)

APN: 098500-0462