Listed by Pellego, Inc., Bought with Merrick Real Estate, LLC
NOT LISTED FOR SALE

Estimated Value: $739,950

0.17 Acre
$4,352,647 Price per Acre
7,405 Sq Ft Lot

Last Sold February 06, 2020

Last sale price $400,000 $336 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,772/month

339 Days on Market

About This Lot

As of February 2020

Project is permit ready and all plans have been approved by the City of Burien. It is also located in an "Opportunity Zone" for tax benefits. Build 3 apartment homes for rent or to live in. All civil, and architectural work has been completed. Design is for large 5 bedroom 3 bath units approximately 2,400 sq ft each. Homes have 2 car garages. Home builder is Reality Homes of Fife. All GC bids are attached in supplements for buyer review. Builder provides 10 year warranty. Demo is complete.

Last Agent to Sell the Property

Steve Baik

Pellego, Inc. License #101962 Listed on: 01/07/2019

Last Buyer's Agent

Michael Davis

Merrick Real Estate, LLC License #73875

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1398635

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,455

Lot Details

Community Details

  • Burien Community

Listing and Financial Details

  • Assessor Parcel Number 1220000430

Property Details

Property Type

Land

Est. Annual Taxes

$2,455

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Partially Cleared
  • Style: 40 - Res-Less Thn 1 Ac
  • Restrictions: No Restrictions
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: Paved
  • Water Jurisdiction: King County WD #49

Utilities

  • Electricity: On Property
  • Gas Available: In Street
  • Sewer: On Property
  • Water: On Property

Condo/Co-op/Association

  • Community Name: Burien

Schools

  • Elementary School: Gregory Heights Elem
  • Middle School: Sylvester Mid
  • High School: Highline High
  • School District: HGL

Lot Info

  • General Zoning Classification: Multi-Family
  • Lot Details: Alley, Paved Street
  • Lot Sq Ft: 7620
  • Parcel Number: 1220000430
  • Survey: In supplements
  • Zoning Jurisdiction: City
  • Zoning Remarks: RM24

Tax Info

  • Tax Amount: 3232

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2021
Sold by
Son Sang
Bought by
Son Sang
Current Estimated Value
$739,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Outstanding Balance
$625,980
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2021
Sold by
Teem Investments Llc
Bought by
Son Nation and Kim Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Outstanding Balance
$625,980
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 7, 2019
Closed on
Jan 27, 2020
Sold by
Jyb Property Iii Llc
Bought by
Teem Investments Llc
Seller's Agent
Steve Baik
Pellego, Inc.
Buyer's Agent
Michael Davis
Merrick Real Estate, LLC
List Price
$499,500
Sold Price
$400,000
Premium/Discount to List
-$99,500
-19.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.6%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Apr 26, 2016
Closed on
May 12, 2016
Sold by
Sullinger Lee L and Sullinger James R
Bought by
Jyb Property Iii Llc
Seller's Agent
Chris Pierard
eXp Realty
Buyer's Agent
Steve Baik
Pellego, Inc.
List Price
$150,000
Sold Price
$165,000
Premium/Discount to List
$15,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.80%
Original Mortgage
$168,300
Interest Rate
3.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Son Sang -- First American Title
Hagaley Jeyte Abdulrashid $722,000 First American Title
Christiansen Katherine $720,000 First American Title
Son Nation $730,000 First American Title
Teem Investments Llc $400,000 Old Republic Title Ltd
Jyb Property Iii Llc $165,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christiansen Katherine $684,000
Closed Hagaley Jeyte Abdulrashid $682,000
Closed Son Sang $657,000
Previous Owner Teem Investments Llc $329,000
Previous Owner Teem Investments Llc $0
Previous Owner Teem Investments Llc $1,357,000
Previous Owner Jyb Property Iii Llc $204,000
Previous Owner Jyb Property Iii Llc $168,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2020 02/06/20 Sold $400,000 +0.1% $336 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
10/10/2019 10/10/19 Price Changed $399,500 -2.6% $336 / Sq Ft
07/02/2019 07/02/19 Price Changed $410,000 -2.3% $345 / Sq Ft
05/07/2019 05/07/19 Price Changed $419,500 -4.6% $353 / Sq Ft
04/02/2019 04/02/19 Price Changed $439,500 -2.2% $369 / Sq Ft
03/06/2019 03/06/19 Price Changed $449,500 -8.2% $378 / Sq Ft
02/25/2019 02/25/19 Price Changed $489,500 -2.0% $411 / Sq Ft
01/07/2019 01/07/19 For Sale $499,500 +202.7% $420 / Sq Ft
05/16/2016 05/16/16 Sold $165,000 +10.0% $139 / Sq Ft
04/30/2016 04/30/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $150,000 -- $126 / 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
2020 $2,455 $217,000 $217,000 $0
2018 $3,233 $245,000 $173,000 $72,000
2017 $2,388 $223,000 $151,000 $72,000
2016 $2,388 $185,000 $135,000 $50,000
2015 $2,184 $170,000 $123,000 $47,000
2014 -- $148,000 $109,000 $39,000
2013 -- $181,000 $140,000 $41,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1398635

Northwest Multiple Listing Service (NWMLS)

APN: 122000-0430