Listed by Paragon Real Estate Advisors, Bought with RSVP Brokers ERA
NOT LISTED FOR SALE

16908 NE 82nd St Redmond, WA 98052

Education Hill Neighborhood

Estimated Value: $1,923,730 - $2,030,000

-- Bed
-- Bath
4,200 Sq Ft
$471/Sq Ft Est. Value

Last Sold September 03, 2024

Last sale price $2,000,000 $476 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $11,436/month

13 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 5-minute walk to Anderson Park
  • Redmond Elementary School Rated A
  • Wood Siding

About This Home

As of September 2024

This meticulously maintained Fourplex offers a combination of modern amenities, strategic location, and strong rental income potential. Consists of four spacious units, each featuring 2 bedrooms and 1 bathroom, spanning 1,050 sq. ft. All units are equipped with in-unit washer/dryers and have a private deck. The property has been well-maintained with recent improvements including a new roof (2013), fresh exterior paint (July 2024), and units 2, 3, and 4 remodeled in 2018, 2013, and 2017 respectively.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 07/30/2024

Co-Listed By

Brian Platt

Paragon Real Estate Advisors License #85375

Last Buyer's Agent

Richard Wang

RSVP Brokers ERA License #102443

RSVP Brokers ERA

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2271388

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,001

Year Built

  • Built in 1968

Lot Details

  • 7,500

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,200 Sq Ft Home
  • 3-Story Property

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces
  • Open Parking

Additional Features

  • 7,500 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Redmond Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0742000006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,001

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4200
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 5341

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 0742000006
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.06
  • LeasedItems: None
  • TotalMonthlyIncome: 11820

Multi Family

  • Gross Scheduled Income: 141840
  • Net Operating Income: 108875
  • Number Of Units Total: 4
  • Insurance Expense: 2731
  • Leasable Area: 4200
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2024
  • Tax Annual Amount: 13001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2024
Closed on
Aug 27, 2024
Sold by
Zeno Properties Llc
Bought by
Sthj Properties Llc
Seller's Agent
Michael Urquhart
Paragon Real Estate Advisors
Buyer's Agent
Richard Wang
RSVP Brokers ERA
List Price
$1,995,000
Sold Price
$2,000,000
Premium/Discount to List
$5,000
0.25%
Views
14
Current Estimated Value
$1,976,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,135
Avg. Annual Appreciation
-1.76%

Purchase Details

Closed on
Jan 18, 2013
Sold by
Papendorf Christopher S and Schroeder Stephanie L
Bought by
Zeno Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.27%

Purchase Details

Closed on
Dec 21, 2012
Sold by
Strand Patricia A and Pitkethly David T
Bought by
Papendorf Christopher S and Schroeder Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.27%

Purchase Details

Closed on
Aug 28, 1998
Sold by
Strand James D
Bought by
Strand James D and Strand Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.93%

Purchase Details

Closed on
May 31, 1996
Sold by
Lum Luca and Lum Mak Hor Yuen Margarita
Bought by
Pitkethly David T and Mara Pitkethly P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.97%

Purchase Details

Closed on
Mar 5, 1993
Sold by
Maza Agatha Lam
Bought by
Lum Luca and Mak Hor Yuen
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
Sthj Properties Llc $2,000,000 Stewart Title
Zeno Properties Llc -- None Available
Papendorf Christopher S $724,200 Fidelity
Strand James D -- Fidelity National Title
Pitkethly David T $240,000 First American Title Ins Co
Lum Luca -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Papendorf Christopher S $540,000
Previous Owner Strand James D $292,500
Previous Owner Pitkethly David T $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2024 09/03/24 Sold $2,000,000 +0.3% $476 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $1,995,000 -- $475 / 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 $11,458 $1,458,000 $337,500 $1,120,500
2023 $13,001 $1,572,000 $337,500 $1,234,500
2022 $12,354 $1,604,000 $315,000 $1,289,000
2021 $13,124 $1,437,000 $315,000 $1,122,000
2020 $12,268 $1,411,000 $315,000 $1,096,000
2018 $9,338 $1,052,500 $255,000 $797,500
2017 $8,344 $935,000 $210,000 $725,000
2016 $7,930 $872,000 $217,500 $654,500
2015 $7,237 $821,000 $217,500 $603,500
2014 -- $723,000 $217,500 $505,500
2013 -- $649,000 $187,500 $461,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Urquhart

    Seller's Agent in 2024

    Michael Urquhart

    Paragon Real Estate Advisors

    (206) 812-9123

    1 in this area

    90 Total Sales

    Michael Urquhart
    Section Image
  • Brian Platt

    Seller Co-Listing Agent in 2024

    Brian Platt

    Paragon Real Estate Advisors

    (206) 812-9130

    1 in this area

    56 Total Sales

    Brian Platt
    Section Image
  • Richard Wang

    Buyer's Agent in 2024

    Richard Wang

    Steven M Kloetsch

    (425) 647-8195

    2 in this area

    29 Total Sales

    Richard Wang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2271388

Northwest Multiple Listing Service (NWMLS)

APN: 074200-0006

Washington King County Redmond 98052 Education Hill

16908 NE 82nd St, Redmond, WA

This home is located at 16908 NE 82nd St, Redmond, WA 98052 since 30 July 2024 and is currently estimated at $1,976,865, approximately $470 per square foot. This property was built in 1968. 16908 NE 82nd St is a home located in King County with nearby schools including Redmond Elementary School, Redmond Middle School, and Redmond High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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