NOT LISTED FOR SALE

Estimated Value: $654,000 - $722,000

5 Beds
4 Baths
2,620 Sq Ft
$263/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $648,100 $247 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,518/month

3 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Wood Siding
  • No HOA
  • Partially Fenced Property

About This Home

As of December 2023

Great Opportunity, White Center 4 Plex with one 2 bedroom /1 bath unit and two 1 bedroom /1 bath units and one Studio unit. Long time owner has kept the rents extremely low, tons of potential to increase rents and create additional cash flow. Spacious light filled units, 2 car garages and 3+ parking spaces, 2 in unit washer & dryers and 1 shared set of washer & dryer, Low turnover, Large 8382 square foot lot gives any owner a lot of future development potential. Corner Lot and alley access, Conveniently located close to Shopping and Restaurants.

Last Agent to Sell the Property

Thach Nguyen

John L. Scott, Inc License #41595 Listed on: 07/24/2023

John L. Scott, Inc

Last Buyer's Agent

Matthew Akinlosotu

Kelly Right RE of Seattle LLC License #89101

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2139435

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,204

Year Built

  • Built in 1948

Lot Details

  • 8,382 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,620 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Shorewood Elementary School
  • Cascade Mid Middle School
  • Evergreen High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • White Center Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6303401000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,204

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1948
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2620
  • Special Features: None
  • Cumulative Days on Market: 270

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 3185

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline
  • High School: Evergreen High
  • Middle Or Junior School: Cascade Mid

Lot Info

  • Parcel Number: 6303401000
  • Lot Size Acres: 0.1924
  • Lot Size Sq Ft: 8382
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.78
  • LeasedItems: None
  • TotalMonthlyIncome: 4600

Multi Family

  • Gross Scheduled Income: 55200
  • Net Operating Income: 43522
  • Number Of Units Total: 4
  • Insurance Expense: 1289
  • Leasable Area: 2620
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7204

MLS Schools

  • Elementary School: Shorewood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2024
Sold by
Akinlosotu Matthew and Akinlosotu Folashade
Bought by
Skgm Llc
Total Days on Market
3
Current Estimated Value
$690,358

Purchase Details

Listed on
Jul 24, 2023
Closed on
Dec 5, 2023
Sold by
Newman Robert E
Bought by
Akinlosotu Matthew and Akinlosotu Folashade
Seller's Agent
Thach Nguyen
John L. Scott, Inc
Buyer's Agent
Matthew Akinlosotu
Kelly Right RE of Seattle LLC
List Price
$650,000
Sold Price
$648,100
Premium/Discount to List
-$1,900
-0.29%
Views
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
3.54%
Original Mortgage
$486,075
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 1988
Sold by
Chapman Grace Field
Bought by
Stokes Diane
Source: Public Records

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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
Skgm Llc $313 None Listed On Document
Akinlosotu Matthew $648,100 Ticor Title
Stokes Diane $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Akinlosotu Matthew $486,075
Previous Owner Newman Diane M $59,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $648,100 -0.3% $247 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $650,000 -- $248 / 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 $7,841 $663,000 $291,000 $372,000
2023 $7,151 $581,000 $233,000 $348,000
2022 $7,190 $629,000 $203,000 $426,000
2021 $6,706 $552,000 $177,000 $375,000
2020 $6,561 $484,000 $156,000 $328,000
2018 $5,041 $410,000 $136,000 $274,000
2017 $4,298 $329,000 $114,000 $215,000
2016 $3,605 $282,000 $97,000 $185,000
2015 $3,508 $241,000 $85,000 $156,000
2014 -- $231,000 $81,000 $150,000
2013 -- $197,000 $74,000 $123,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2139435

Northwest Multiple Listing Service (NWMLS)

APN: 630340-1000