Listed by Windermere RE West Campus Inc, Bought with SCOUT
NOT LISTED FOR SALE

Estimated Value: $574,000 - $648,087

3 Beds
2 Baths
1,700 Sq Ft
$365/Sq Ft Est. Value

Last Sold August 20, 2018

Last sale price $425,000 $250 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,957/month

5 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Ceramic Tile Flooring
  • Territorial View
  • Patio
  • Wood Siding

About This Home

As of August 2018

Super location for this duplex. North looking view from upper unit towards downtown Seattle. Newer roof, windows, kitchens and baths. Rent had been artificially low for years as owner's son occupied upper unit in duplex and kept lower unit at same low rent for 10 years. Scheduled rents are fair market projections based on Windermere Property Management professional opinion, see attached letter.

Last Agent to Sell the Property

Haaken Bruce Johnson

Windermere RE West Campus Inc License #37081 Listed on: 07/07/2018

Windermere RE West Campus Inc

Last Buyer's Agent

Sue Morrow

SCOUT License #89170

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1324178

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,301

Year Built

  • Built in 1955

Lot Details

  • 6,300 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,700 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • Richards Glendale Trs Condos
  • South Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7258200035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,301

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1955
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Richards Glendale Trs
  • New Construction: No
  • CalculatedSquareFootage: 1700
  • Special Features: VirtualTour
  • Cumulative Days on Market: 404

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: City Light
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 2472

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7258200035
  • Lot Size Acres: 0.1446
  • Lot Size Sq Ft: 6300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2600

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 23561
  • Number Of Units Total: 2
  • Insurance Expense: 866
  • Leasable Area: 1770
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 4301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2018
Closed on
Aug 16, 2018
Sold by
Strain M Yvonne
Bought by
Lakhani Faraz and Thapa Shanu
Seller's Agent
Haaken Bruce Johnson
Windermere RE West Campus Inc
Buyer's Agent
Sue Morrow
SCOUT
List Price
$424,900
Sold Price
$425,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$619,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,772
Avg. Annual Appreciation
5.90%
Original Mortgage
$275,000
Interest Rate
4.5%
Mortgage Type
New Conventional
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
Lakhani Faraz $425,000 Wfg National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakhani Faraz $276,500
Closed Lakhani Faraz $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2018 08/20/18 Sold $425,000 0.0% $250 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
07/07/2018 07/07/18 For Sale $424,900 -- $250 / 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 $6,772 $570,000 $203,000 $367,000
2023 $6,173 $499,000 $163,000 $336,000
2022 $6,094 $540,000 $142,000 $398,000
2021 $5,690 $465,000 $124,000 $341,000
2020 $5,572 $408,000 $109,000 $299,000
2018 $4,301 $347,000 $130,000 $217,000
2017 $3,672 $279,000 $109,000 $170,000
2016 $3,067 $239,000 $93,000 $146,000
2015 $2,994 $204,000 $81,000 $123,000
2014 -- $196,000 $78,000 $118,000
2013 -- $167,000 $71,000 $96,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1324178

Northwest Multiple Listing Service (NWMLS)

APN: 725820-0035