Listed by Coldwell Banker Danforth
NOT LISTED FOR SALE

15509 8th Ave SW Unit A & B Burien, WA 98166

Downtown Burien Neighborhood

Estimated Value: $608,000 - $740,092

3 Beds
2 Baths
1,500 Sq Ft
$461/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $531,000 $354 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,408/month

6 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Property is in very good condition

About This Home

As of August 2020

Pride in ownership and attention to detail will astound you! High quality materials and craftsmanship make this property unique. Outstanding location right in the heart of Old Burien and blocks to Burien Town Square. Walk Score 92 - Very Walkable. Unit A is a 2/1 with beautifully landscaped private courtyard and is extremely light and bright. Unit B has a great feel and enjoys views of the Olympic Mountains. Huge garage and shop with separate storage units. RM-24 Zoning allows additional units

Last Agent to Sell the Property

David Frasch

Coldwell Banker Danforth License #11146 Listed on: 07/07/2020

Coldwell Banker Danforth

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1625292

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,243

Year Built

  • Built in 1947

Lot Details

  • 7,639 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 9 Parking Spaces
  • 1 Covered Space
  • Open Parking

Schools

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

Utilities

  • Natural Gas Connected

Community Details

  • Burien Lake View Tracts Condos
  • Lake Burien Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 1220000460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,243

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1947
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Burien Lake View Tracts
  • New Construction: No
  • CalculatedSquareFootage: 1500
  • Special Features: None
  • Cumulative Days on Market: 352

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: SW Suburban
  • WaterCompany: Water Dist #49
  • WaterSewerGarbage: 1092

Schools

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

Lot Info

  • Parcel Number: 1220000460
  • Lot Size Acres: 0.1754
  • Lot Size Sq Ft: 7639
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 4

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2850

Multi Family

  • Gross Scheduled Income: 34200
  • Net Operating Income: 27215
  • Number Of Units Total: 2
  • Insurance Expense: 650
  • Leasable Area: 1500
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 100

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5243

MLS Schools

  • Elementary School: Gregory Heights Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Aug 13, 2020
Sold by
Judge Ariel and Jacobson John F
Bought by
Reyes Dupont Jeffrey J and Mueller Lindsey L
Seller's Agent
David Frasch
Coldwell Banker Danforth
List Price
$525,000
Sold Price
$531,000
Premium/Discount to List
$6,000
1.14%
Total Days on Market
6
Current Estimated Value
$691,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,273
Avg. Annual Appreciation
4.48%
Original Mortgage
$318,600
Outstanding Balance
$285,780
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$375,321

Purchase Details

Closed on
Sep 9, 2010
Sold by
Hsbc Mortgage Services Inc
Bought by
Judge Ariel W and Jacobsen John F

Purchase Details

Closed on
Mar 26, 2010
Sold by
Laustsen Erik
Bought by
Hsbc Mortgage Services Inc

Purchase Details

Closed on
Oct 8, 2003
Sold by
Nolting Mary E
Bought by
Laustsen Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2000
Sold by
Nolting Richard F and Nolting Mary F
Bought by
Nolting Richard F and Nolting Mary E
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
Reyes Dupont Jeffrey J $531,000 Stewart Title
Judge Ariel W $130,500 Ticor National
Hsbc Mortgage Services Inc $175,294 None Available
Laustsen Erik $188,000 Stewart Title
Nolting Richard F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Dupont Jeffrey J $318,600
Previous Owner Laustsen Erik $250,000
Previous Owner Laustsen Erik $150,400
Closed Laustsen Erik $37,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $531,000 +1.1% $354 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $525,000 -- $350 / 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 $7,694 $689,000 $294,000 $395,000
2023 $7,240 $626,000 $290,000 $336,000
2022 $6,917 $662,000 $290,000 $372,000
2021 $6,356 $558,000 $245,000 $313,000
2020 $5,970 $494,000 $217,000 $277,000
2018 $5,686 $442,000 $173,000 $269,000
2017 $4,990 $402,000 $151,000 $251,000
2016 $4,423 $356,000 $135,000 $221,000
2015 $3,915 $326,000 $123,000 $203,000
2014 -- $275,000 $109,000 $166,000
2013 -- $205,000 $140,000 $65,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1625292

Northwest Multiple Listing Service (NWMLS)

APN: 122000-0460