Listed by RE/MAX Metro Realty, Inc., Bought with Windermere RE/Capitol Hill,Inc
NOT LISTED FOR SALE

Estimated Value: $1,028,794 - $1,047,000

6 Beds
3 Baths
2,390 Sq Ft
$435/Sq Ft Est. Value

Last Sold July 22, 2014

Last sale price $464,000 $194 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $6,128/month

85 Days on Market

Highlights

  • Wood Flooring
  • High Speed Internet
  • Partially Fenced Property
  • Viewlands Elementary School Rated A-

About This Home

As of July 2014

Self-managed well-located triplex with great financials. The property has been very well maintained and is in great updated condition. Step into a situation where you immediately benefit from strong rents and great tenant history. The numbers in this listing come off tax returns so that 7% cap rate is unvarnished truth. If you're looking for a worthy investment that cash flows and presents worry free ownership then you've found it. Owner occupant qualifies for FHA financing!

Last Agent to Sell the Property

Mark Foley

RE/MAX Metro Realty, Inc. License #17201 Listed on: 04/02/2014

RE/MAX Metro Realty, Inc.

Last Buyer's Agent

Leann Sparks

Windermere RE/Capitol Hill,Inc License #89622

Windermere RE/Capitol Hill,Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 611513

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,494

Year Built

  • Built in 1994

Lot Details

  • 3,404 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,390 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Whitman Mid Middle School
  • Ingraham High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Oak Lake Villa Condos
  • Northgate Subdivision

Listing and Financial Details

  • Legal Lot and Block 29-30 / 7
  • Assessor Parcel Number 6300000550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,494

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1994
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Oak Lake Villa
  • New Construction: No
  • CalculatedSquareFootage: 2390
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 4395

Schools

  • Junior High Dist: Seattle
  • High School: Ingraham High
  • Middle Or Junior School: Whitman Mid

Lot Info

  • Parcel Number: 6300000550
  • Lot Size Acres: 0.0781
  • Lot Size Sq Ft: 3404
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 29-30

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3688

Multi Family

  • Gross Scheduled Income: 44256
  • Net Operating Income: 25846
  • Number Of Units Total: 3
  • Electric Expense: 3365
  • Insurance Expense: 3624
  • Leasable Area: 2300
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 3494

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2014
Closed on
Jul 17, 2014
Sold by
Coastal Investment Group Inc
Bought by
Watkins Nathaniel David R and Watkins Rebecca Kathleen
Seller's Agent
Mark Foley
RE/MAX Metro Realty, Inc.
Buyer's Agent
Leann Sparks
Windermere RE/Capitol Hill,Inc
List Price
$499,975
Sold Price
$464,000
Premium/Discount to List
-$35,975
-7.2%
Current Estimated Value
$1,039,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$575,598
Avg. Annual Appreciation
7.45%
Original Mortgage
$429,893
Outstanding Balance
$330,371
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$709,227

Purchase Details

Closed on
Jan 14, 2005
Sold by
Josephson Jeff
Bought by
Coastal Investment Group Inc

Purchase Details

Closed on
Nov 2, 2004
Sold by
Coastal Investment Group Inc
Bought by
Josephson Jeff

Purchase Details

Closed on
Nov 17, 2003
Sold by
Josephson Jeff
Bought by
Coastal Investment Group Inc

Purchase Details

Closed on
Sep 16, 2003
Sold by
Corey Michele J and Mcmahon Barbara L
Bought by
Josephson Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,600
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 1998
Sold by
House Timothy C and House Susan L
Bought by
Mcmahon Barbara L and Chwala Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,950
Interest Rate
6.57%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 17, 1993
Sold by
Beste Benjamin F
Bought by
House Timothy and House Susan
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
Watkins Nathaniel David R $464,000 First American
Coastal Investment Group Inc -- Chicago Title
Josephson Jeff -- Chicago Title
Coastal Investment Group Inc -- --
Josephson Jeff $337,000 Commonwealth L
Mcmahon Barbara L $248,718 Transnation Title Insurance
House Timothy $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watkins Nathaniel David R $429,893
Previous Owner Josephson Jeff $269,600
Previous Owner Mcmahon Barbara L $198,950
Closed Mcmahon Barbara L $24,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2014 07/22/14 Sold $464,000 -7.2% $194 / Sq Ft
06/27/2014 06/27/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $499,975 -- $209 / 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 $7,125 $705,000 $332,000 $373,000
2023 $6,918 $699,000 $465,000 $234,000
2022 $6,308 $742,000 $416,000 $326,000
2021 $5,631 $655,000 $379,000 $276,000
2020 $5,635 $552,000 $316,000 $236,000
2018 $5,818 $579,000 $304,000 $275,000
2017 $4,782 $567,000 $202,000 $365,000
2016 $4,448 $478,000 $170,000 $308,000
2015 $3,845 $434,000 $155,000 $279,000
2014 -- $382,000 $139,000 $243,000
2013 -- $348,000 $133,000 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 611513

Northwest Multiple Listing Service (NWMLS)

APN: 630000-0550