Listed by Paragon Real Estate Advisors, Bought with Paragon Real Estate Advisors
NOT LISTED FOR SALE
-- Bed
-- Bath
4,684 Sq Ft
0.27 Acres Lot

Sale Details

Date Sold: November 29, 2022

Last sale price $1,317,500 $281 Per Sq Ft

76 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 1-Story Property

About This Home

As of November 2022

$100k Price Reduction with higher rent increases to the five of the units and re-leased the sixth unit for a higher rent. The 6-plex is comprised of five 2BD/1BTH and one 1BD/1BTH unit that are currently renting well below market presenting significant rental upside. Tenants are only blocks away from Olde Burien where they can enjoy restaurants, bars, boutiques and more! Five of six units have hardwood floors, and three have wood burning fireplaces for cozy winter days, and a private grass yard with a patio to enjoy summer days. Property has plenty of parking available for all of the tenants.

Last Agent to Sell the Property

Brian Platt

Paragon Real Estate Advisors License #85375 Listed on: 05/20/2022

Co-Listed By

Michael Urquhart

Paragon Real Estate Advisors License #135356

Last Buyer's Agent

Dave Meissner

Paragon Real Estate Advisors License #44841

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1938313

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,422

Year Built

  • Built in 1959

Lot Details

  • 11,934 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 4,684 Sq Ft Home
  • 1-Story Property

Community Details

  • No Home Owners Association
  • Burien Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1923049253

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,422

Year Built

Built in 1959

Lot Details

0.27 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1959
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4684
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 1923049253
  • Lot Size Acres: 0.274
  • Lot Size Sq Ft: 11934
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.39
  • LeasedItems: None
  • TotalMonthlyIncome: 8867

Tax Info

  • Year: 2022
  • Tax Annual Amount: 13422

Multi Family

  • Number Of Units Total: 6
  • EnergySource: Electric
  • UnitsBelowGrade: false
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2022 11/29/22 Sold $1,317,500 -7.5% $281 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/25/2022 07/25/22 Price Changed $1,425,000 -6.6% $304 / Sq Ft
05/20/2022 05/20/22 For Sale $1,525,000 -- $326 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $13,505 $1,159,000 $193,900 $965,100
2023 $12,860 $1,122,000 $190,900 $931,100
2022 $13,422 $1,129,000 $167,000 $962,000
2021 $12,250 $1,048,000 $155,100 $892,900
2020 $11,542 $921,000 $155,100 $765,900
2018 $9,587 $705,000 $119,400 $585,600
2017 $8,022 $648,000 $119,400 $528,600
2016 $7,083 $542,000 $119,400 $422,600
2015 -- $491,000 $143,200 $347,800
2014 -- $459,000 $143,200 $315,800
2013 -- $443,000 $143,200 $299,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1938313

Northwest Multiple Listing Service (NWMLS)
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