Listed by RE/MAX Northwest, Bought with Every Door Real Estate
NOT LISTED FOR SALE

12012 2nd Place SW Unit A & B Seattle, WA 98146

White Center Neighborhood

Estimated Value: $616,000 - $728,000

3 Beds
3 Baths
1,890 Sq Ft
$355/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $660,000 $349 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,122/month

164 Days on Market

Highlights

  • Secluded Lot
  • No HOA
  • Property is Fully Fenced
  • Territorial View
  • High Speed Internet
  • Mini Split Air Conditioners

About This Home

As of December 2022

Fully rented, income producing SFR + fully permitted ADU. Completely remodeled in 2020 with over 200K in upgrades! Main House-SFR comes w/3 Bed + Office, and 1.5 Baths (1290 SF). Features LP floors throughout. Kitchen is open to the dining, and dining room is open to the living room w/fireplace. Fully fenced backyard. ADU - 2 Bed/1 Bath (600 SF). Features open concept flexible living space flows over LP flooring. Comes with Stainless Steel appliances and own washer/dryer. ADU Equipped w/split system unit for optimal heating and cooling. Both homes located on a quiet dead-end street with plenty of off-street parking. 5.8% Cap Rate based on actual income/expenses w/Upside Potential. 1 Year Home Warranty included. Please don't disturb tenants.

Last Agent to Sell the Property

Gary Stepaniants

RE/MAX Northwest License #104517 Listed on: 05/27/2022

RE/MAX Northwest

Last Buyer's Agent

David Kim

Every Door Real Estate License #27899

Every Door Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1912191

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,488

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 8,500 Sq Ft Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Secluded Lot
  • Sprinkler System

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 1,890 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

  • Mount View Elementary School
  • Cascade Mid Middle School
  • Evergreen High School

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Burien Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0723049577

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,488

Year Built

Built in 1969 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: 3 %
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1890
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Ductless HP-Mini Split, Forced Air, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Dead End Street, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Remodeled
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: SW Suburban
  • WaterCompany: Highline
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 2040

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline
  • High School: Evergreen High
  • Middle Or Junior School: Cascade Mid

Lot Info

  • Parcel Number: 0723049577
  • Lot Size Acres: 0.1951
  • Lot Size Sq Ft: 8500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Outbuildings,Sprinkler System
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 6.62
  • LeasedItems: None
  • TotalMonthlyIncome: 4000

Multi Family

  • Gross Scheduled Income: 48000
  • Net Operating Income: 39489
  • Number Of Units Total: 2
  • Insurance Expense: 983
  • Leasable Area: 1890
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5488

MLS Schools

  • Elementary School: Mount View Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2023
Sold by
Wu Conrad K and Wu Teresa
Bought by
Burien Pm Llc
Current Estimated Value
$670,901

Purchase Details

Listed on
May 27, 2022
Closed on
Nov 30, 2022
Sold by
Demiryan Vahagn
Bought by
Wu Conrad and Chau Teresa
Seller's Agent
Gary Stepaniants
RE/MAX Northwest
Buyer's Agent
David Kim
Every Door Real Estate
List Price
$725,000
Sold Price
$660,000
Premium/Discount to List
-$65,000
-8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.97%
Original Mortgage
$401,100
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2012
Sold by
Malyan Anna
Bought by
Demiryan Vahagn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,917
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 2006
Sold by
Donoso Luis A and Donoso Maria T
Bought by
Donoso Luis A and Donoso Maria T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,400
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2004
Sold by
Blanchard Delmar D
Bought by
Donoso Luis A and Donoso Maria T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,950
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2002
Sold by
Broome Paddy M
Bought by
Blanchard Delmar D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.17%

Purchase Details

Closed on
Aug 28, 2001
Sold by
Chambers Michael C
Bought by
Broome Paddy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.62%

Purchase Details

Closed on
Aug 28, 2000
Sold by
Broome Michael
Bought by
Broome Paddy M

Purchase Details

Closed on
Jul 23, 1992
Sold by
Lewis Thomas M and Lewis Lori
Bought by
Chambers Michael C and Chambers Christina A
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
Burien Pm Llc $313 None Listed On Document
Wu Conrad $660,000 Land Title
Demiryan Vahagn -- First American
Demiryan Vahagn $115,000 First American
Donoso Luis A $69,521 Pacific Nw Tit
Donoso Uribe Maria T -- Pacific Nw Tit
Donoso Luis A $224,950 --
Blanchard Delmar D $186,500 Old Republic Title Ltd
Broome Paddy M $177,500 Transnation Title Insurance
Broome Paddy M -- Transnation Title Insurance
Chambers Michael C $106,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wu Conrad $401,100
Previous Owner Demiryan Vahagn $112,917
Previous Owner Donoso Luis A $293,400
Previous Owner Donoso Luis A $179,950
Previous Owner Blanchard Delmar D $166,500
Previous Owner Broome Paddy M $80,000
Closed Donoso Luis A $33,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $660,000 -2.2% $349 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
07/23/2022 07/23/22 Price Changed $675,000 -3.6% $357 / Sq Ft
06/29/2022 06/29/22 Price Changed $699,995 -3.4% $370 / Sq Ft
05/27/2022 05/27/22 For Sale $725,000 -- $384 / 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 $6,776 $613,000 $247,000 $366,000
2023 $5,852 $557,000 $244,000 $313,000
2022 $5,488 $538,000 $244,000 $294,000
2021 $5,045 $446,000 $206,000 $240,000
2020 $4,753 $395,000 $183,000 $212,000
2018 $4,016 $355,000 $148,000 $207,000
2017 $3,293 $285,000 $124,000 $161,000
2016 $2,748 $235,000 $105,000 $130,000
2015 $2,587 $201,000 $92,000 $109,000
2014 -- $182,000 $88,000 $94,000
2013 -- $183,000 $80,000 $103,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1912191

Northwest Multiple Listing Service (NWMLS)

APN: 072304-9577