Listed by Kidder Mathews, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,873,000 - $2,556,000

4 Beds
4 Baths
4,545 Sq Ft
$463/Sq Ft Est. Value

Last Sold October 31, 2014

Last sale price $935,100 $206 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $12,458/month

12 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Ceramic Tile Flooring
  • Woodridge Elementary School Rated A
  • Patio
  • Partially Fenced Property

About This Home

As of October 2014

The Bellevue Triplex is located in the Woodridge neighborhood of Bellevue, close to the award winning Bellevue High School, Woodridge Elementary, and Downtown Bellevue. This triplex presents investors with a value-add opportunity to increase rents by upgrading the apartment unit's cosmetic finishes and to create a fourth unit by downsizing the three-bedroom, three-bath apartment to a two-bedroom, two-bath and create and new one-bedroom, one-bath unit.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 10/09/2014

Last Buyer's Agent

Pam Schmoll

John L. Scott, Inc. License #50136

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 705547

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,236

Year Built

  • Built in 1980

Lot Details

  • 8,049 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,545 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Woodridge Elementary School
  • Tyee Mid Middle School
  • Bellevue High School

Utilities

  • Natural Gas Connected

Community Details

  • Bellevue Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 169360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,236

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.75%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4545
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 364

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • 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
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellevue
  • WaterCompany: City of Bellevue
  • WaterSewerGarbage: 3836

Schools

  • Junior High Dist: Bellevue
  • High School: Bellevue High
  • Middle Or Junior School: Tyee Mid

Lot Info

  • Parcel Number: 169360
  • Lot Size Acres: 0.1848
  • Lot Size Sq Ft: 8049
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 8

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5162

Multi Family

  • Gross Scheduled Income: 61947
  • Net Operating Income: 44169
  • Number Of Units Total: 3
  • Insurance Expense: 1439
  • Leasable Area: 4545
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2014
  • Tax Annual Amount: 6236

MLS Schools

  • Elementary School: Woodridge Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2015
Sold by
Hunter Robert Scott
Bought by
Hunter Elena Aleksandrovna
Current Estimated Value
$2,088,739

Purchase Details

Listed on
Oct 9, 2014
Closed on
Oct 30, 2014
Sold by
Shenoy Uma A
Bought by
Hunter Elena Aleksandrovna
Seller's Agent
Dan Swanson
Kidder Mathews
Buyer's Agent
Pam Schmoll
John L. Scott, Inc.
List Price
$930,000
Sold Price
$935,100
Premium/Discount to List
$5,100
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%

Purchase Details

Closed on
Nov 12, 2004
Sold by
Kennedy James P and Kennedy Justin
Bought by
Shenoy Ananth and Shenoy Uma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2003
Sold by
Bellows Mark and Bellows Karen M
Bought by
Kennedy James P and Kennedy Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
4.5%
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
Hunter Elena Aleksandrovna -- None Available
Hunter Elena Aleksandrovna $935,100 Fidelity National Title
Shenoy Ananth $630,000 Ticor National
Kennedy James P $525,000 Transnation Ti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shenoy Uma $426,000
Previous Owner Shenoy Uma A $442,228
Previous Owner Shenoy Ananth $504,000
Previous Owner Kennedy James P $413,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2014 10/31/14 Sold $935,100 +0.5% $206 / Sq Ft
10/23/2014 10/23/14 Pending -- -- --
10/10/2014 10/10/14 For Sale $930,000 -- $205 / 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 $12,920 $1,761,000 $1,115,000 $646,000
2023 $13,271 $1,697,000 $961,000 $736,000
2022 $11,998 $2,064,000 $1,158,000 $906,000
2021 $10,995 $1,461,000 $842,000 $619,000
2020 $10,874 $1,241,000 $716,000 $525,000
2018 $9,492 $1,220,000 $711,000 $509,000
2017 $7,678 $1,031,000 $509,000 $522,000
2016 $7,084 $879,000 $428,000 $451,000
2015 $7,101 $805,000 $412,000 $393,000
2014 -- $799,000 $408,000 $391,000
2013 -- $654,000 $345,000 $309,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 705547

Northwest Multiple Listing Service (NWMLS)

APN: 169360-0080