Listed by Windermere Real Estate/East, Bought with Better Properties Eastside
NOT LISTED FOR SALE

Estimated Value: $2,285,755 - $2,382,000

-- Bed
-- Bath
4,774 Sq Ft
$489/Sq Ft Est. Value

Last Sold October 11, 2022

Last sale price $2,020,000 $423 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $13,630/month

5 Days on Market

Highlights

  • Deck
  • Secluded Lot
  • Thermal Windows
  • Odle Middle School Rated A
  • Engineered Wood Flooring
  • High Speed Internet

About This Home

As of October 2022

Phenomenal Investment Opportunity! Bellevue 4-plex in highly sought-after Stoneridge community. In the Heart of Bellevue - Close to Microsoft, Downtown Bellevue, and easy access to I-90 & I-405. Newly painted building exterior, low vacancy rate, remodeled units 1, 3, & 4. Each unit offers spacious bedrooms, walk-in closets, laundry facilities, storage units, 2 parking spaces (carport & driveway parking plus one additional), and fireplaces in units 1, 2, and 3. Units 1 and 2 are 2 story units w/2 bed, 1.5 bath & garden patios. Unit 3 is a one-level w/3 bed, 1.75 bath and a large fully fenced yard. Unit 4 offers 2 bed, 1 bath, and is located above the carports with a newer balcony, new paint, countertops, kitchen app, and a South facing view.

Last Agent to Sell the Property

Scott Fivash

Windermere Real Estate/East License #123478 Listed on: 09/20/2022

Windermere Real Estate/East

Co-Listed By

Marilyn Fivash

North Pacific Properties License #81196

Last Buyer's Agent

Cuixiu Zheng

Better Properties Eastside License #112825

Better Properties Eastside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1998512

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,745

Year Built

  • Built in 1970

Lot Details

  • 9,834 Sq Ft Lot
  • Property is Fully Fenced
  • Secluded Lot
  • Corner Lot
  • Property is in very good condition

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 4,774 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Travertine
  • Vinyl Plank
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Bellevue Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8035700210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,745

Year Built

Built in 1970

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1970
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4774
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Engineered Hardwood, Travertine, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition, Flat, Torch Down
  • Lot Features: Corner Lot, Curbs, Paved, Secluded, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Wood
  • PowerCompany: PSE
  • SewerCompany: City of Bellevue
  • WaterCompany: City of Bellevue
  • WaterSewerGarbage: 5900

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Bellevue

Lot Info

  • Parcel Number: 8035700210
  • Lot Size Acres: 0.2258
  • Lot Size: 68' 150' 70' 149'
  • Lot Size Sq Ft: 9834
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 26.3
  • LeasedItems: None,Washer/Dryer
  • TotalMonthlyIncome: 9050

Multi Family

  • Gross Scheduled Income: 107400
  • Net Operating Income: 83366
  • Number Of Units Total: 4
  • Insurance Expense: 5389
  • Leasable Area: 4774
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 12745

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2023
Sold by
Jin Frank Kui & Na
Bought by
Golden Sunset Llc
Current Estimated Value
$2,333,878

Purchase Details

Listed on
Sep 20, 2022
Closed on
Oct 4, 2022
Sold by
Root 9 Llc
Bought by
Jin Frank Kui and Zhang Na
Seller's Agent
Scott Fivash
Windermere Real Estate/East
Buyer's Agent
Cuixiu Zheng
Better Properties Eastside
List Price
$2,190,000
Sold Price
$2,020,000
Premium/Discount to List
-$170,000
-7.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%

Purchase Details

Closed on
Feb 15, 2005
Sold by
Root 9 Llc
Bought by
Stoneridge Community Owners Assn

Purchase Details

Closed on
Jul 14, 2004
Sold by
Taylor John A and Taylor Melissa L
Bought by
Rott9 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.77%

Purchase Details

Closed on
May 19, 2004
Sold by
Inter Co Op Usa #16
Bought by
Taylor John A and Taylor Melissa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.77%
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
Golden Sunset Llc -- --
Jin Frank Kui $2,020,000 Chicago Title
Stoneridge Community Owners Assn -- --
Rott9 Llc -- --
Taylor John A $580,000 Transnation Ti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor John A $435,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2022 10/11/22 Sold $2,020,000 -7.8% $423 / Sq Ft
09/25/2022 09/25/22 Pending -- -- --
09/20/2022 09/20/22 For Sale $2,190,000 -- $459 / 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 $12,078 $1,646,000 $334,300 $1,311,700
2023 $12,356 $1,775,000 $334,300 $1,440,700
2022 $12,745 $1,745,000 $314,600 $1,430,400
2021 $13,676 $1,552,000 $295,000 $1,257,000
2020 $12,642 $1,544,000 $295,000 $1,249,000
2018 $9,575 $1,200,000 $295,000 $905,000
2017 $8,384 $1,040,000 $295,000 $745,000
2016 $7,734 $960,000 $295,000 $665,000
2015 $7,598 $879,000 $285,100 $593,900
2014 -- $855,000 $206,500 $648,500
2013 -- $826,500 $177,000 $649,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1998512

Northwest Multiple Listing Service (NWMLS)

APN: 803570-0210