Listed by Skyline Properties, Inc., Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

Estimated Value: $1,501,000 - $1,917,000

2 Beds
1 Bath
4,945 Sq Ft
$345/Sq Ft Est. Value

Last Sold July 09, 2019

Last sale price $1,215,000 $246 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $10,027/month

5 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Wall to Wall Carpet

About This Home

As of July 2019

Awesome stabilized cash flowing 4-plex in up-and-coming Burien! All units leased, 2x 1-bed (821 sf) & 2 x 3-bed (1651 sf), all units have D/W, W/D, decks / patios, and PUGET SOUND VIEWS! 5.5% cap rate, with room to grow! Burien has had the highest rent increases in the Seattle area since 2017, and is close to jobs at SeaTac airport, Boeing in Renton, and Seattle CBD, plus 5-10 min. to shops and dining in Georgetown, White Center and downtown Burien.

Last Agent to Sell the Property

David Leon

Skyline Properties, Inc. License #108325 Listed on: 06/01/2019

Skyline Properties, Inc.

Last Buyer's Agent

Taj Sukhija

Kelly Right RE of Seattle LLC License #84731

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1467482

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,620

Year Built

  • Built in 1999

Lot Details

  • 0.26 Acre Lot
  • Property is in good condition

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Block Foundation
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,945 Sq Ft Home
  • 3-Story Property
  • Views of a Sound

Flooring

  • Wall to Wall Carpet
  • Laminate

Outdoor Features

  • Deck

Community Details

  • North Burien Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7835800221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,620

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1999
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4945
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Sound
  • Lot Features: Curbs
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: City Light
  • SewerCompany: SPU
  • WaterCompany: SPU

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 7835800221
  • Lot Size Acres: 0.2576
  • Lot Size: 11220
  • Lot Size Sq Ft: 11220
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: King County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 83400

Tax Info

  • Year: 2019
  • Tax Annual Amount: 8620

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 1200
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2019
Closed on
Jul 2, 2019
Sold by
Avenue Southwest Llc
Bought by
Gallagher Christopher Dale and Gallagher Bettina
Seller's Agent
David Leon
Skyline Properties, Inc.
Buyer's Agent
Taj Sukhija
Kelly Right RE of Seattle LLC
List Price
$1,190,000
Sold Price
$1,215,000
Premium/Discount to List
$25,000
2.1%
Current Estimated Value
$1,704,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,248
Avg. Annual Appreciation
5.38%
Original Mortgage
$640,000
Outstanding Balance
$562,755
Interest Rate
4%
Estimated Equity
$1,141,493

Purchase Details

Closed on
Feb 27, 2018
Sold by
Okun Zachary Brent and Srinivasan Kamalavasan
Bought by
13209 12Th Avenue Southwest Llc

Purchase Details

Listed on
Aug 28, 2017
Closed on
Oct 3, 2017
Sold by
Natarajan Sripriya Komarlingam and Srinivasan Kamalavasan
Bought by
Srinivasan Kamalavasan
Seller's Agent
Tim Lenihan
Windermere Real Estate Midtown
List Price
$899,950
Sold Price
$955,750
Premium/Discount to List
$55,800
6.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$716,800
Interest Rate
3.86%

Purchase Details

Listed on
Aug 28, 2017
Closed on
Sep 25, 2017
Sold by
French Adam
Bought by
Okun Zachary B and Srinivasan Kamalavasan
Seller's Agent
Tim Lenihan
Windermere Real Estate Midtown
List Price
$899,950
Sold Price
$955,750
Premium/Discount to List
$55,800
6.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,800
Interest Rate
3.86%

Purchase Details

Closed on
Aug 15, 2013
Sold by
Baisch Kirk
Bought by
French Adam

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
4.51%

Purchase Details

Closed on
Jan 24, 2011
Sold by
Crummer Jason A
Bought by
Baisch Kirk D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,857
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 7, 2001
Sold by
Chang Bao and Sukin Donald
Bought by
Crummer Jason A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,600
Interest Rate
8.12%

Purchase Details

Closed on
Nov 25, 1998
Sold by
Strouss Charles and Strouss Fernella
Bought by
Chang Bao and Chang Wang Ma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.84%

Purchase Details

Closed on
Mar 7, 1994
Sold by
Sound Vista Inc
Bought by
Strouss Charles A and Strouss Fernella
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gallagher Christopher Dale $1,215,000 First American Title
13209 12Th Avenue Southwest Llc -- Accommodation
Srinivasan Kamalavasan -- First American Title Ins Co
Okun Zachary B -- First American Title Ins Co
Okun Zachary B $955,750 First American Title Ins Co
French Adam $595,000 Fidelity Natio
Baisch Kirk D $479,000 Northpoint Esc
Crummer Jason A $422,000 First American
Chang Bao $350,000 Chicago Title Insurance
Strouss Charles A $100,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallagher Christopher Dale $640,000
Previous Owner Okun Zachary B $716,800
Previous Owner French Adam $413,000
Previous Owner Baisch Kirk D $466,857
Previous Owner Crummer Jason A $337,600
Previous Owner Chang Bao $300,000
Closed Crummer Jason A $84,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2019 07/09/19 Sold $1,215,000 +2.1% $246 / Sq Ft
06/06/2019 06/06/19 Pending -- -- --
06/01/2019 06/01/19 For Sale $1,190,000 +24.5% $241 / Sq Ft
10/10/2017 10/10/17 Sold $955,750 +6.2% $193 / Sq Ft View Prior Sale
09/02/2017 09/02/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $899,950 -- $182 / 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 $12,867 $1,140,000 $269,000 $871,000
2023 $13,109 $1,147,000 $245,000 $902,000
2022 $13,962 $1,190,000 $210,000 $980,000
2021 $15,740 $1,123,000 $200,000 $923,000
2020 $13,470 $1,227,000 $191,000 $1,036,000
2018 $9,526 $717,000 $113,000 $604,000
2017 $8,549 $666,000 $113,000 $553,000
2016 $8,211 $603,000 $113,000 $490,000
2015 $7,027 $600,000 $113,000 $487,000
2014 -- $488,000 $113,000 $375,000
2013 -- $534,000 $85,000 $449,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1467482

Northwest Multiple Listing Service (NWMLS)

APN: 783580-0221