Listed by John L. Scott, Inc., Bought with Jae Evans Real Estate
NOT LISTED FOR SALE

Estimated Value: $881,000 - $938,000

7 Beds
5 Baths
4,360 Sq Ft
$210/Sq Ft Est. Value

Last Sold October 21, 2019

Last sale price $598,000 $137 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,709/month

6 Days on Market

Highlights

  • 0.68 Acre Lot
  • Open Space
  • Wood Siding
  • Wood Flooring

About This Home

As of October 2019

Excellent opportunity to own legal/grandfathered triplex-annexed to city of Burien. 29,600 ft2 lot-zoned RS 7.2 has 3 separate buildings consisting of a 5 br/2 ba Main House, 2 br/1ba Upper Garage Unit w/shop below and a 2 story 1 br/1ba Cottage. Each newly connected to sewer. Tenants pay electrical/garbage. All long term tenants 10yrs+ -m-2-m. Current cap rate 6.7 - Increase your return w/light reno or develop property? Buyer to cooperate w/1031 exchange. Do NOT Disturb Tenants/walk property

Last Agent to Sell the Property

Cindi Nordness

John L. Scott, Inc. License #50126 Listed on: 09/07/2019

John L. Scott, Inc.

Last Buyer's Agent

Isabel Valle

Jae Evans Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1511785

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,607

Year Built

  • Built in 1935

Lot Details

  • 0.68 Acre Lot
  • Lot Dimensions are 100 x 295
  • Open Space
  • Property is in average condition

Home Design

  • Triplex
  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 4,360 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Community Details

  • Stimson Park Div 2 Condos
  • Boulevard Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 19-20 / 8
  • Assessor Parcel Number 8019200935

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,607

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1935
  • Buyer Agency Compensation: **3**
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Stimson Park Div 2
  • New Construction: No
  • CalculatedSquareFootage: 4360
  • Special Features: None
  • Cumulative Days on Market: 364

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition, Flat, Torch Down
  • Lot Features: Open Space, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: Valley View
  • WaterCompany: KC Water Dist #20
  • WaterSewerGarbage: 4500

Schools

  • Junior High Dist: Highline
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 8019200935
  • Lot Size Acres: 0.6795
  • Lot Size: 100 X 295
  • Lot Size Sq Ft: 29600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available,Shop
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: See Remarks
  • ZoningClass: Residential
  • LotNumber: 19-20

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 4570

Multi Family

  • Gross Scheduled Income: 54840
  • Net Operating Income: 40978
  • Number Of Units Total: 3
  • Insurance Expense: 897
  • Leasable Area: 3340
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6607

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2019
Closed on
Oct 9, 2019
Sold by
Wood Laurence E and Wood Joyce M
Bought by
Bolton Cheryl
Seller's Agent
Cindi Nordness
John L. Scott, Inc.
Buyer's Agent
Isabel Valle
Jae Evans Real Estate
List Price
$598,000
Sold Price
$598,000
Current Estimated Value
$915,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,589
Avg. Annual Appreciation
7.21%
Original Mortgage
$448,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2003
Sold by
Shaffett Clyde M and Shaffett Judith I
Bought by
Wood Laurence E and Wood Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,780
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 1999
Sold by
Dewberry Janice K and Fry Janice K
Bought by
Shaffett Clyde M and Shaffett Judith I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,120
Interest Rate
7.69%
Mortgage Type
FHA
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
Bolton Cheryl $598,000 Rainier Title
Wood Laurence E $136,409 Pacific Nw Tit
Shaffett Clyde M $280,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bolton Cheryl N $466,000
Closed Bolton Cheryl $448,500
Previous Owner Wood Laurence E $241,500
Previous Owner Wood Laurence E $283,780
Previous Owner Shaffett Clyde M $278,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2019 10/21/19 Sold $598,000 0.0% $137 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
09/07/2019 09/07/19 For Sale $598,000 -- $137 / 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 $8,652 $789,000 $242,000 $547,000
2023 $8,039 $691,000 $194,000 $497,000
2022 $7,978 $747,000 $169,000 $578,000
2021 $7,280 $656,000 $147,000 $509,000
2020 $7,136 $577,000 $129,000 $448,000
2018 $6,613 $572,000 $180,000 $392,000
2017 $5,587 $478,000 $151,000 $327,000
2016 $4,703 $408,000 $128,000 $280,000
2015 $4,626 $354,000 $112,000 $242,000
2014 -- $336,000 $107,000 $229,000
2013 -- $289,000 $98,000 $191,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1511785

Northwest Multiple Listing Service (NWMLS)

APN: 801920-0935