Listed by eXp Realty, Bought with RE/MAX Metro Realty, Inc.
NOT LISTED FOR SALE

Estimated Value: $770,652 - $807,000

-- Bed
4 Baths
3,100 Sq Ft
$254/Sq Ft Est. Value

Last Sold December 25, 2015

Last sale price $372,500 $120 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,926/month

196 Days on Market

About This Home

As of December 2015

Completely Occupied with positive cash flow! Zoned Commercial CC-2, live in one and run a business in the other. Lots of potential for future development. Newly updated inside with large living room, bedrooms and all newer windows. You can’t get a better location than this! Bus stop just a few steps away along with shopping center and a growing Downtown Burien. Currently occupied by wonderful long term tenants would like to stay. Don't miss this great mix use property, a rare find!

Last Agent to Sell the Property

Thai-Hoa Nguyen

eXp Realty License #82100 Listed on: 02/23/2015

eXp Realty

Last Buyer's Agent

Michael Lindekugel

RE/MAX Metro Realty, Inc. License #73236

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 746883

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,161

Year Built

  • Built in 1954

Lot Details

  • 7,939 Sq Ft Lot
  • Open Space

Parking

  • Open Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Community Details

  • Downtown Burien Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1221000810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,161

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1954
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3100
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Positive cash flow!
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Open Space, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Fee Information

  • Annual Fuel Expense: 350

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1221000810
  • Lot Size Acres: 0.1823
  • Lot Size Sq Ft: 7939
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: REALIST
  • ZoningJurisdiction: City
  • ZoningClass: Business,Commercial,Multi-Family,Office

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 80
  • LeasedItems: None
  • TotalMonthlyIncome: 3980

Multi Family

  • Gross Scheduled Income: 37200
  • Net Operating Income: 4200
  • Number Of Units Total: 3
  • Insurance Expense: 66
  • Leasable Area: 7939
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5161

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2015
Closed on
Dec 17, 2015
Sold by
Nguyen Nam Hoang and Le Tien
Bought by
Landy James and Libertty Sabrina
Seller's Agent
Thai-Hoa Nguyen
eXp Realty
Buyer's Agent
Michael Lindekugel
RE/MAX Metro Realty, Inc.
List Price
$399,000
Sold Price
$372,500
Premium/Discount to List
-$26,500
-6.64%
Current Estimated Value
$788,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,326
Avg. Annual Appreciation
7.09%
Original Mortgage
$279,375
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2005
Sold by
Foyston Cheri L
Bought by
Nguyen Nam Hoang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
7.85%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 10, 2005
Sold by
Dickson Bartlett
Bought by
Foyston Cheri Lee and Estate Of Eva La Rue Dickson
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
Landy James $372,500 Rainier Title
Nguyen Nam Hoang $340,000 Pacific Nw Tit
Foyston Cheri Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landy James $258,000
Closed Landy James $279,375
Previous Owner Nguyen Nam Hoang $306,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/25/2015 12/25/15 Sold $372,500 -6.6% $120 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
03/04/2015 03/04/15 For Sale $399,000 -- $129 / 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 $7,930 $697,500 $162,700 $534,800
2023 $6,763 $697,500 $158,700 $538,800
2022 $7,224 $604,500 $154,800 $449,700
2021 $6,492 $573,500 $150,800 $422,700
2020 $5,863 $496,000 $146,800 $349,200
2018 $5,378 $372,000 $142,900 $229,100
2017 $5,307 $372,000 $142,900 $229,100
2016 $4,972 $372,000 $142,900 $229,100
2015 $5,178 $360,500 $142,900 $217,600
2014 -- $360,500 $142,900 $217,600
2013 -- $341,000 $142,900 $198,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 746883

Northwest Multiple Listing Service (NWMLS)

APN: 122100-0810