Listed by Coldwell Banker Danforth, Bought with Realogics Sotheby's Int'l Rlty
NOT LISTED FOR SALE

Estimated Value: $1,089,000 - $1,378,000

-- Bed
-- Bath
3,136 Sq Ft
$381/Sq Ft Est. Value

Last Sold March 02, 2015

Last sale price $530,000 $169 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $7,170/month

61 Days on Market

Highlights

  • Deck
  • Patio
  • Partially Fenced Property
  • Thermal Windows
  • High Speed Internet
  • Wood Siding

About This Home

As of March 2015

Upgraded/remodeled building in excellent condition. Great location with paved off street parking for 8 vehicles. Upper units have French doors to a good sized decks and the lower units have French doors to private fenced back yards. New vinyl windows, all unit's have newer carpet, vinyl, paint. New kitchen counter tops, bath, stove and refrigerator in unit B. A new stove and refrigerator in unit D. Coin-Op Laundry brings in an average of $160.00 a month. Owner's moving out of town. 7.8% Cap Rate

Last Agent to Sell the Property

Donald Joseph

Coldwell Banker Danforth License #39057 Listed on: 11/24/2014

Coldwell Banker Danforth

Last Buyer's Agent

Cherrie Lee

Realogics Sotheby's Int'l Rlty License #16948

Realogics Sotheby's Int'l Rlty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 719390

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,324

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 6,889 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Airway Heights Addition Condos
  • Burien Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 0084000050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,324

Year Built

Built in 1978 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • Buyer Agency Compensation: 3.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Airway Heights Addition
  • New Construction: No
  • CalculatedSquareFootage: 3136
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Yes a 3.5 Selling Office Commission
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

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: SW Suburban
  • WaterCompany: #49
  • WaterSewerGarbage: 5130

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 0084000050
  • Lot Size Acres: 0.1581
  • Lot Size Sq Ft: 6889
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 1

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3985

Multi Family

  • Gross Scheduled Income: 47820
  • Net Operating Income: 41409
  • Number Of Units Total: 4
  • Electric Expense: 288
  • Insurance Expense: 993
  • Leasable Area: 3136
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 5324

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2014
Closed on
Mar 5, 2015
Sold by
Trinidad Peter M and Trinidad Mizue
Bought by
Akamai Property Management Llc
Seller's Agent
Donald Joseph
Coldwell Banker Danforth
Buyer's Agent
Cherrie Lee
Realogics Sotheby's Int'l Rlty
List Price
$559,900
Sold Price
$530,000
Premium/Discount to List
-$29,900
-5.34%
Current Estimated Value
$1,195,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$665,461
Avg. Annual Appreciation
7.87%
Original Mortgage
$397,500
Interest Rate
3.6%

Purchase Details

Listed on
Nov 24, 2014
Closed on
Feb 23, 2015
Sold by
Edgmon Bobby D and Edgmon Kimberly D
Bought by
Trinidad Peter M and Trinidad Mizue I
Seller's Agent
Donald Joseph
Coldwell Banker Danforth
Buyer's Agent
Cherrie Lee
Realogics Sotheby's Int'l Rlty
List Price
$559,900
Sold Price
$530,000
Premium/Discount to List
-$29,900
-5.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
3.6%

Purchase Details

Closed on
Aug 18, 2006
Sold by
Kartes Dale F
Bought by
Edgmon Bobby D and Edgmon Kimberly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,250
Interest Rate
7.5%

Purchase Details

Closed on
Oct 3, 1997
Sold by
Darnall Suzanne M and Darnall Clark H
Bought by
Kartes Dale F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.44%

Purchase Details

Closed on
Sep 4, 1997
Sold by
Petersen Kartes Tina
Bought by
Kartes Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.44%
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
Akamai Property Management Llc -- None Available
Trinidad Peter M $530,000 First American
Edgmon Bobby D $507,000 Fidelity Natio
Kartes Dale F $180,000 Evergreen Title Company Inc
Kartes Dale -- Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akamai Property Management Llc $474,500
Closed Trinidad Peter M $397,500
Previous Owner Edgmon Bobby D $327,000
Previous Owner Edgmon Bobby D $380,250
Previous Owner Kartes Dale F $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2015 03/02/15 Sold $530,000 -5.3% $169 / Sq Ft
01/25/2015 01/25/15 Pending -- -- --
11/24/2014 11/24/14 For Sale $559,900 -- $179 / 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 $9,610 $836,000 $168,700 $667,300
2023 $9,745 $905,000 $165,300 $739,700
2022 $10,306 $870,000 $113,600 $756,400
2021 $9,602 $817,000 $117,100 $699,900
2020 $9,201 $733,000 $106,700 $626,300
2018 $6,796 $596,000 $100,000 $496,000
2017 $6,313 $465,000 $89,500 $375,500
2016 $5,116 $436,000 $89,500 $346,500
2015 $4,882 $361,000 $89,500 $271,500
2014 -- $329,000 $89,500 $239,500
2013 -- $344,000 $89,500 $254,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 719390

Northwest Multiple Listing Service (NWMLS)

APN: 008400-0050