Listed by Paragon Real Estate Advisors, Bought with Heaton Dainard, LLC
NOT LISTED FOR SALE

13525 52nd Ave S Tukwila, WA 98168

Estimated Value: $727,000 - $997,000

4 Beds
4 Baths
3,040 Sq Ft
$281/Sq Ft Est. Value

Last Sold December 12, 2019

Last sale price $525,000 $173 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,326/month

12 Days on Market

About This Home

As of December 2019

The property is well-positioned to take advantage of the fast-growing local rental market, and ease of access to Seattle, Bellevue, Renton, and Kent. 2 - 1BD/1BTH units and 1 - 2BD/1BTH unit. Units offer old-world charm and individual electric meters. With the current rents below market, the savvy investor can realize substantial upside through increased rents and interior/exterior renovations.

Last Agent to Sell the Property

Nick Hemming

Paragon Real Estate Advisors License #120684 Listed on: 10/29/2019

Last Buyer's Agent

Liam Naughton

Heaton Dainard, LLC License #87469

Heaton Dainard, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1536331

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,075

Year Built

  • Built in 1903

Lot Details

  • 0.27 Acre Lot

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,040 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Community Details

  • Tukwila Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0003000060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,075

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1903
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3040
  • Special Features: None
  • Cumulative Days on Market: 364

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5100

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tukwila

Lot Info

  • Parcel Number: 0003000060
  • Lot Size Acres: 0.2745
  • Lot Size Sq Ft: 11958
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 3490

Multi Family

  • Gross Scheduled Income: 41880
  • Net Operating Income: 27129
  • Number Of Units Total: 3
  • Insurance Expense: 1020
  • Leasable Area: 3040
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4075

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2019
Closed on
Dec 6, 2019
Sold by
Mgt3 Llc
Bought by
Tran Phillip
Seller's Agent
Nick Hemming
Paragon Real Estate Advisors
Buyer's Agent
Liam Naughton
Heaton Dainard, LLC
List Price
$535,000
Sold Price
$525,000
Premium/Discount to List
-$10,000
-1.87%
Current Estimated Value
$853,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,838
Avg. Annual Appreciation
8.80%
Original Mortgage
$420,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2018
Sold by
Mason Alexander and Timpani Jay
Bought by
Mgt3 Llc

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
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2018
Sold by
Mgt3 Llc
Bought by
Mason Alexander and Timpani Jay

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
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2016
Sold by
Mason Alexander K and Timpani Jay J
Bought by
Mgt3 Llc

Purchase Details

Closed on
Aug 30, 2016
Sold by
Tinipton Lacey R
Bought by
Timpani Jay J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,125
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2016
Sold by
Mason Kaitlyn
Bought by
Mason Alexander K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,125
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 1999
Sold by
Hickman Gregory W and Hickman Danelle
Bought by
Svendsen Mary Jo Thorson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 21, 1999
Sold by
Svendsen Robert A
Bought by
Svendsen Mary Jo Thorson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 19, 1999
Sold by
Hickman George W and Hickman Shirley A
Bought by
Hickman Gregory W and Hickman Danelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back
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
Tran Phillip $525,000 Fidelity National Title
Mgt3 Llc -- Accommodation
Mason Alexander -- Ticor Title
Mgt3 Llc -- None Available
Timpani Jay J -- Old Republic
Mason Alexander K -- Old Republic
Mason Alexander K $369,500 Old Republic
Svendsen Mary Jo Thorson $153,000 Fidelity National Title
Svendsen Mary Jo Thorson -- Fidelity National Title
Hickman Gregory W -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Phillip $420,000
Closed Tran Phillip $420,000
Previous Owner Mason Alexander $413,000
Previous Owner Mason Alexander K $277,125
Previous Owner Svendsen Mary Jo Thorson $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2019 12/12/19 Sold $525,000 -1.9% $173 / Sq Ft
11/10/2019 11/10/19 Pending -- -- --
10/29/2019 10/29/19 For Sale $535,000 -- $176 / 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 $8,082 $673,000 $269,000 $404,000
2023 $6,581 $588,000 $246,000 $342,000
2022 $6,533 $604,000 $259,000 $345,000
2021 $5,710 $522,000 $226,000 $296,000
2020 $5,459 $459,000 $199,000 $260,000
2018 $4,042 $345,000 $150,000 $195,000
2017 $3,467 $296,000 $135,000 $161,000
2016 $3,071 $261,000 $122,000 $139,000
2015 $2,849 $239,000 $117,000 $122,000
2014 -- $214,000 $105,000 $109,000
2013 -- $179,000 $95,000 $84,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1536331

Northwest Multiple Listing Service (NWMLS)

APN: 000300-0060