Listed by Great NW Real Estate LLC
NOT LISTED FOR SALE

Estimated Value: $1,176,000 - $1,188,137

-- Bed
-- Bath
3,520 Sq Ft
$336/Sq Ft Est. Value

Last Sold July 28, 2020

Last sale price $850,000 $241 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,240/month

2 Days on Market

Highlights

  • Deck
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Thermal Windows

About This Home

As of July 2020

GREAT BURIEN 4PLEX 1968 blocks to Transit station. Walk to restaurants & shopping. Roomy 3 2bd/1ba, 1 1bd/1ba units. 2 Upstairs have Cathedral ceilings, all units have fireplace. Coin-op laundry. Tons of storage in basement w/lockers. 5 electric meters. Excellent, long term tenants. Upside M2M below market rents. 1 unit recently remodeled, other units in great vintage condition. Carport parking. New TPO Roof & Ext. paint. Property well maintained & beautifully landscaped. Do Not disturb tenants!

Last Agent to Sell the Property

Lynn Lackey

Great NW Real Estate LLC License #24400 Listed on: 06/25/2020

Last Buyer's Agent

Justin Kraft

Highmark Partners License #27454

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1618745

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,775

Year Built

  • Built in 1968

Lot Details

  • 7,713 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Wood Composite

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Gregory Heights Elementary School
  • Sylvester Mid Middle School
  • Highline High School

Community Details

  • Burien Lake Viewtracts Div04 Condos
  • Downtown Burien Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 7
  • Assessor Parcel Number 1220000325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,775

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Burien Lake ViewTracts Div04
  • New Construction: No
  • CalculatedSquareFootage: 3520
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: See Remarks
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: SW Suburban
  • WaterCompany: King Water District 49
  • WaterSewerGarbage: 3390

Schools

  • Junior High Dist: Highline
  • High School: Highline High
  • Middle Or Junior School: Sylvester Mid

Lot Info

  • Parcel Number: 1220000325
  • Lot Size Acres: 0.1771
  • Lot Size Sq Ft: 7713
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 8

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 4795

Multi Family

  • Gross Scheduled Income: 57540
  • Net Operating Income: 40114
  • Number Of Units Total: 4
  • Electric Expense: 1833
  • Insurance Expense: 1811
  • Leasable Area: 3485
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2020
  • Tax Annual Amount: 9775

MLS Schools

  • Elementary School: Gregory Heights Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2024
Sold by
Kraft Kurt Randall and Hughes-Kraft Colleen Mary
Bought by
Hughes-Kraft Family Trust and Kraft
Current Estimated Value
$1,182,069

Purchase Details

Listed on
Jun 25, 2020
Closed on
Jul 24, 2020
Sold by
Yu Xaiomeng and Xie Yiying
Bought by
Kraft Kurt and Hughes Kraft Colleen
Seller's Agent
Lynn Lackey
Great NW Real Estate LLC
Buyer's Agent
Justin Kraft
Highmark Partners
List Price
$840,000
Sold Price
$850,000
Premium/Discount to List
$10,000
1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$637,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 26, 2018
Sold by
Miller William D and Sullivan Lorraine
Bought by
Yu Xiaomeng and Xie Yiying
Seller's Agent
Dinato Luz
Berkshire Hathaway HS NW
Buyer's Agent
Lynn Lackey
Great NW Real Estate LLC
List Price
$725,000
Sold Price
$710,000
Premium/Discount to List
-$15,000
-2.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$532,500
Interest Rate
4.38%

Purchase Details

Closed on
Oct 2, 1990
Sold by
Section 1031 Services Inc
Bought by
Miller William D and Miller Lorraine
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
Hughes-Kraft Family Trust $313 None Listed On Document
Kraft Kurt $850,000 Cw Title
Yu Xiaomeng $710,000 Wfg National Title Insurance
Miller William D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kraft Kurt Randall $663,750
Previous Owner Kraft Kurt $637,500
Previous Owner Yu Xiaomeng $525,000
Previous Owner Yu Xiaomeng $532,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2020 07/28/20 Sold $850,000 +1.2% $241 / Sq Ft
06/27/2020 06/27/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $840,000 +18.3% $239 / Sq Ft
03/28/2018 03/28/18 Sold $710,000 -2.1% $204 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $725,000 0.0% $208 / Sq Ft
02/17/2018 02/17/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $725,000 -- $208 / 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 $10,184 $883,000 $138,800 $744,200
2023 $10,039 $836,000 $123,400 $712,600
2022 $10,614 $914,000 $107,900 $806,100
2021 $10,456 $838,000 $100,200 $737,800
2020 $9,775 $797,000 $100,200 $696,800
2018 $6,862 $544,000 $112,700 $431,300
2017 $6,187 $466,000 $112,700 $353,300
2016 $5,465 $423,000 $112,700 $310,300
2015 $5,162 $384,000 $115,000 $269,000
2014 -- $346,000 $115,000 $231,000
2013 -- $368,000 $115,000 $253,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1618745

Northwest Multiple Listing Service (NWMLS)

APN: 122000-0325