Listed by Windermere Mercer Island, Bought with Pacific Edge Properties
NOT LISTED FOR SALE

Estimated Value: $864,000 - $1,009,532

2 Beds
2 Baths
1,130 Sq Ft
$816/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $915,000 $810 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,615/month

7 Days on Market

Highlights

  • Territorial View
  • Engineered Wood Flooring
  • Partially Fenced Property
  • Clark Elementary School Rated A
  • Property is in very good condition
  • Wood Siding

About This Home

As of August 2021

Calling all investors! Set in the heart of Olde Towne Issaquah, this charming duplex is in a prime location off of the main arterial, Front Street, which connects shops, restaurants & entertainment to create a vibrant village right outside the doorstep. This 2 unit rambler sits opposite the city park w/ fenced gardens front & back. Each updated 1 bed/1 bath unit has an open layout, integrated living/dining & spacious bedrooms w/ walk in closets. Freshly painted inside & out to be move in ready, Unit B also has new hypo-allergenic LVP flooring & remodeled bath along w/ new many more recent updates. Both units share a common laundry room while each unit has a separate electrical panel, water heater and a dedicated off-street parking space.

Last Agent to Sell the Property

Lis Brown

Windermere Mercer Island License #18637 Listed on: 07/28/2021

Windermere Mercer Island

Last Buyer's Agent

Rowena Toguchi

Pacific Edge Properties License #22008611

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1813369

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,482

Year Built

  • Built in 1977

Lot Details

  • 5,250 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,130 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Engineered Wood
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Clark Elementary School
  • Issaquah Mid Middle School
  • Issaquah High School

Utilities

  • Cable TV Available

Community Details

  • Downtown Issaquah Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2354300430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,482

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1130
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 364

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood, Vinyl Plank
  • Interior Amenities: Ceramic Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Issaquah
  • WaterCompany: Issaquah
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Issaquah
  • High School: Issaquah High
  • Middle Or Junior School: Issaquah Mid

Lot Info

  • Parcel Number: 2354300430
  • Lot Size Acres: 0.1205
  • Lot Size Sq Ft: 5250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 3800

Multi Family

  • Gross Scheduled Income: 45600
  • Net Operating Income: 36927
  • Number Of Units Total: 2
  • Electric Expense: 192
  • Insurance Expense: 512
  • Leasable Area: 1130
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4482

MLS Schools

  • Elementary School: Clark Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2021
Closed on
Aug 17, 2021
Sold by
Apu Homes Llc
Bought by
Puffermunkin 2 Llc
Seller's Agent
Lis Brown
Windermere Mercer Island
Buyer's Agent
Rowena Toguchi
Pacific Edge Properties
List Price
$750,000
Sold Price
$915,000
Premium/Discount to List
$165,000
22%
Current Estimated Value
$922,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,633
Avg. Annual Appreciation
0.21%

Purchase Details

Closed on
Jan 2, 2015
Sold by
Machiraju Surendra and Machiraju Hanumantha
Bought by
Apu Homes Llc Series Rainier

Purchase Details

Closed on
Jun 11, 2010
Sold by
Machiraju Aparna
Bought by
Machiraju Surendra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,228
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2002
Sold by
Beebe Bob D and Beebe Glenda T
Bought by
Clouther Dennis R and Clouther Christine

Purchase Details

Closed on
Apr 23, 1998
Sold by
Steele Pilar
Bought by
Steele Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
7.06%
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
Puffermunkin 2 Llc $915,000 Ticor Title
Apu Homes Llc Series Rainier -- None Available
Machiraju Surendra -- Chicago Title
Machiraju Hanumantha -- Chicago Title
Machiraju Surendra $295,000 Chicago Title
Clouther Dennis R $232,500 Chicago Title Insurance Co
Steele Robert D -- Pacific Northwest Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Machiraju Hanumantha $222,682
Previous Owner Machiraju Surendra $226,228
Previous Owner Steele Robert D $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $915,000 +22.0% $810 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $750,000 -- $664 / 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 $7,057 $855,000 $491,000 $364,000
2023 $6,811 $729,000 $420,000 $309,000
2022 $4,963 $896,000 $518,000 $378,000
2021 $4,482 $535,000 $456,000 $79,000
2020 $4,505 $449,000 $390,000 $59,000
2018 $4,283 $479,000 $401,000 $78,000
2017 $3,698 $415,000 $351,000 $64,000
2016 $3,806 $372,000 $325,000 $47,000
2015 $3,284 $376,000 $180,000 $196,000
2014 -- $319,000 $163,000 $156,000
2013 -- $277,000 $149,000 $128,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1813369

Northwest Multiple Listing Service (NWMLS)

APN: 235430-0430