Listed by Specialty Real Estate Group, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $902,000 - $1,054,564

6 Beds
3 Baths
2,843 Sq Ft
$346/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $1,068,000 $376 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $6,141/month

5 Days on Market

Highlights

  • Deck
  • No HOA
  • Ceramic Tile Flooring
  • Ridgecrest Elementary School Rated A-
  • Thermal Windows
  • Property is in very good condition

About This Home

As of April 2022

Investor alert 5+ CAP! Well maintained 3-unit located in Shoreline (outside Seattle City limits) with easy access to freeways and proposed light rail. Diverse mix of 3 bed (Unit A), 2 bed (Unit B) and 1 bed (Unit C). Units have updated bathrooms and flooring. 2/3 units have in-unit laundry, fresh paint. updated appliances, millwork/doors, and lights. Large backyard with lawn and amenity space. Each unit has their own patio/deck for outdoor enjoyment. Spacious driveway with ample off-street parking. Below market rents allow for value add and endless income potential - perfect for house hack, travel nurses, short-term rental, and more. Tenants pay utilities. Excellent Shoreline schools. Viewings by appointment: Sat 2/26 & Sun 2/27 1-3pm.

Last Agent to Sell the Property

Adrian Chu

Specialty Real Estate Group License #26434 Listed on: 02/24/2022

Co-Listed By

Khanh Nguyen

Specialty Real Estate Group License #20112687

Last Buyer's Agent

Boyang Hou

COMPASS License #133529

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1893759

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,166

Year Built

  • Built in 1952

Lot Details

  • 7,560 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Triplex
  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,843 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Community Details

  • No Home Owners Association
  • Shoreline Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5727500136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,166

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1952
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2843
  • Special Features: VirtualTour
  • Cumulative Days on Market: 369

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition, Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Shoreline
  • WaterCompany: City of Shoreline
  • WaterSewerGarbage: 3540

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Shoreline

Lot Info

  • Parcel Number: 5727500136
  • Lot Size Acres: 0.1736
  • Lot Size Sq Ft: 7560
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 5275

Multi Family

  • Gross Scheduled Income: 63300
  • Net Operating Income: 49044
  • Number Of Units Total: 3
  • Insurance Expense: 2550
  • Leasable Area: 2770
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 8166

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 29, 2022
Sold by
Nghia Pham
Bought by
Liang Zhiwen and Jia Lu
Seller's Agent
Adrian Chu
Specialty Real Estate Group
Buyer's Agent
Boyang Hou
COMPASS
List Price
$899,950
Sold Price
$1,068,000
Premium/Discount to List
$168,050
18.67%
Current Estimated Value
$982,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85,359
Avg. Annual Appreciation
-2.40%
Original Mortgage
$747,600
Outstanding Balance
$698,777
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$283,864

Purchase Details

Closed on
May 12, 2016
Sold by
Cheung Chun H and Lo Sabrina K
Bought by
Pham Nghia and Nguyen Cong Khanh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,510
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 20, 2014
Sold by
Cheung Chun Hoi
Bought by
Cheung Chun H and Lo Sabrina K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2000
Sold by
Cheung Sabrina Kwai Fong Lo
Bought by
Cheung Chun Hoi
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
Liang Zhiwen $1,068,000 Wfg National Title Company Of
Pham Nghia $434,000 Fidelity Natio
Cheung Chun H -- First American
Cheung Chun Hoi -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liang Zhiwen $747,600
Closed Pham Nghia $499,100
Previous Owner Pham Nghia $500,000
Previous Owner Pham Nghia $378,510
Previous Owner Cheung Chun H $270,000
Previous Owner Cheung Chun Hoi $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $1,068,000 +18.7% $376 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $899,950 -- $317 / 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 $9,563 $843,000 $351,000 $492,000
2023 $9,436 $735,000 $310,000 $425,000
2022 $8,588 $878,000 $354,000 $524,000
2021 $8,166 $715,000 $293,000 $422,000
2020 $8,067 $619,000 $255,000 $364,000
2018 $6,621 $554,000 $227,000 $327,000
2017 $5,451 $508,000 $210,000 $298,000
2016 $5,205 $434,000 $178,000 $256,000
2015 $4,618 $399,000 $163,000 $236,000
2014 -- $346,000 $139,000 $207,000
2013 -- $301,000 $120,000 $181,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1893759

Northwest Multiple Listing Service (NWMLS)

APN: 572750-0136