NOT LISTED FOR SALE

Estimated Value: $1,123,000 - $2,716,000

9 Beds
5 Baths
4,260 Sq Ft
$502/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $2,350,000 $552 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $14,123/month

100 Days on Market

Highlights

  • Converted Garage
  • Central Heating
  • 2-minute walk to Queen Anne Recreation Center
  • Laundry Room

About This Home

As of May 2022

Beautifully renovated 3 unit plus ADU (final state of completion) in the Mid-City/Longwood Highlands area presents an outstanding opportunity for investor with excellent income. This charming French Normandy building features an array of spacious 3 units with high ceilings, separate private entrances, washer/dryer, and separately metered gas and recently upgraded electric meter. Each elegant residence features a modern design with mixed floors and excellent quality finishes with chef-quality appliances, designer lighting package and spacious dining area with living room. ADU unit is the final state of getting approved. Front unit consists of 4 bed/ 2bath with 2,000 sf townhouse-style and an additional 900 sf finished attic. Back units are consist of 2 units of 2 bed/1bath. The Seller intends to perform an IRC Section 1031 tax-deferred exchange. Seller requests buyer's cooperation in such an exchange.

Last Agent to Sell the Property

Sun Kyung Chang

TNG Real Estate Consultants License #01950848 Listed on: 12/28/2021

TNG Real Estate Consultants

Last Buyer's Agent

Mark Rogo

Compass License #01423795

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,886

Year Built

  • Built in 1938

Lot Details

  • 4,960 Sq Ft Lot

Home Design

  • 4,260 Sq Ft Home
  • Quadruplex

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Converted Garage
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5083-031-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,886

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4260
  • Lot Acreage: 0.1139
  • Year Built: 1938
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Mixed
  • Bedrooms: 9
  • Laundry: Inside
  • Total Bathrooms: 5.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 575.12

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Assigned, Converted Garage
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning, Wall Unit(s)
  • Heating: Central, Wall Electric
  • Water Expense: 5000.00

Fee Information

  • Insurance Expense: 2000.00

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 900000
  • Assessed Land Percent: 60
  • Assessed Land Value: 1350000
  • Total Assessed Value: 2250000
  • Assessor Parcel Number: 5083-031-021
  • Lot Size Area: 4960

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.86
  • Number Of Units: 4
  • Total Annual Expense: 32100
  • Type Of Units: Quadplex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 23900.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2021
Closed on
May 11, 2022
Sold by
Chunma Llc
Bought by
Tularosa Drive Properties Llc
Seller's Agent
Sun Kyung Chang
TNG Real Estate Consultants
Buyer's Agent
Mark Rogo
Compass
List Price
$2,390,000
Sold Price
$2,350,000
Premium/Discount to List
-$40,000
-1.67%
Current Estimated Value
$2,138,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$211,171
Avg. Annual Appreciation
-0.79%

Purchase Details

Closed on
Oct 2, 2020
Sold by
Lee & Ko Investment Inc
Bought by
Chunma Llc

Purchase Details

Closed on
Jan 3, 2020
Sold by
Cloverdale Investment Inc
Bought by
Ko Keum Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2020
Sold by
Ah Sungsoo
Bought by
Ko Keum Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2019
Sold by
Kwon Christina
Bought by
Cloverdale Investment Inc

Purchase Details

Closed on
Nov 16, 2018
Sold by
Detroit Investment Inc
Bought by
Kwon Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2018
Sold by
Keniston Property Investment Inc
Bought by
Detroit Investment Inc

Purchase Details

Closed on
May 2, 2018
Sold by
Kim Hyung Sik
Bought by
Keniston Property Investment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.55%

Purchase Details

Listed on
Jan 18, 2018
Closed on
Jan 29, 2018
Sold by
Young George F
Bought by
Kim Hyung Sik
Seller's Agent
Fernando Moreno
Century 21 A Better Service
Buyer's Agent
Fernando Moreno
Century 21 A Better Service
List Price
$1,150,000
Sold Price
$1,050,000
Premium/Discount to List
-$100,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$850,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1996
Sold by
Young Lettye Montgomery
Bought by
Young Lettye Montgomery and Young George F
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tularosa Drive Properties Llc $2,350,000 New Title Company Name
Chunma Llc $2,250,000 Chicago Title Company
Lee & Ko Investment Inc -- Accommodation
Ko Keum Hee $2,255,000 First American Title Company
Ko Keum Hee -- First American Title Company
Cloverdale Investment Inc -- None Available
Kwon Christina $1,500,000 Fidelity National Title
Detroit Investment Inc -- None Available
Keniston Property Investment Inc -- Accommodation
Kim Hyung Sik $1,050,000 Fidelity National Title Comp
Young George F -- Fidelity National Title Co
Young Lettye Montgomery -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tularosa Drive Properties Llc $1,150,000
Previous Owner Ko Keum Hee $1,400,000
Previous Owner Cloverdale Investment Inc $1,000,000
Previous Owner Cloverdale Investment Inc $200,000
Previous Owner Kwon Christina $1,050,000
Previous Owner Kim $100,000
Previous Owner Kim Hyung Sik $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $2,350,000 -4.1% $552 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
03/25/2022 03/25/22 Price Changed $2,450,000 +2.5% $575 / Sq Ft
12/28/2021 12/28/21 For Sale $2,390,000 +127.6% $561 / Sq Ft
03/01/2018 03/01/18 Sold $1,050,000 -8.7% $246 / Sq Ft
01/18/2018 01/18/18 For Sale $1,150,000 -- $270 / Sq Ft
Source: The MLS

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
2025 $29,886 $2,493,838 $1,910,174 $583,664
2024 $29,886 $2,444,940 $1,872,720 $572,220
2023 $29,307 $2,397,000 $1,836,000 $561,000
2022 $27,303 $2,295,000 $1,377,000 $918,000
2021 $26,961 $2,250,000 $1,350,000 $900,000
2020 $18,876 $1,530,000 $1,071,000 $459,000
2019 $20,770 $1,725,000 $1,200,000 $525,000
2018 $7,011 $551,095 $372,268 $178,827
2017 $1 $82,543 $29,966 $52,577
2016 $1,321 $80,926 $29,379 $51,547
2015 $1,307 $79,711 $28,938 $50,773
2014 $1,333 $78,151 $28,372 $49,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-129881

The MLS

APN: 5083-031-021