Listed by Skyline Properties, Inc., Bought with RE/MAX Eastside Brokers, Inc.
NOT LISTED FOR SALE

Estimated Value: $2,135,000 - $2,319,000

4 Beds
3 Baths
4,160 Sq Ft
$542/Sq Ft Est. Value

Last Sold March 14, 2024

Last sale price $2,172,000 $522 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $13,094/month

239 Days on Market

Highlights

  • RV Access or Parking
  • Lake View
  • No HOA
  • John J. Audubon Elementary School Rated A
  • 0.59 Acre Lot
  • Baseboard Heating

About This Home

As of March 2024

4plex on large lot, 2 min from Microsoft. Value in land, Excellent development site for 2 luxury homes or long term hold with income stream. Views of Lake Sammamish from upper floor. Zoned R-4, Development site suitable for two large view homes with ADU units. Triplex has some remodel and updating.4th unit is spacious remodeled 2 bedroom/2 bath detached house. Property is well maintained and all systems are functioning and operable. Income producing property can generate $9,020 per month, during lot line adjustment process and approval through the city of Redmond. Highly desirable schools. 2 blocks from waterfront and Idylwood Park, lot is 25, 900 sq feet; 140 x 185, zoned R-4, 1 mile to Microsoft and light rail.

Last Agent to Sell the Property

Fred Grunewald

Skyline Properties, Inc. License #121501 Listed on: 05/29/2023

Skyline Properties, Inc.

Last Buyer's Agent

Cassandra Kerk

RE/MAX Eastside Brokers, Inc. License #13723

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2072269

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,032

Year Built

  • Built in 1951

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 185 x 140
  • Value in Land
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 4,160 Sq Ft Home
  • 2-Story Property
  • Lake Views

Parking

  • 7 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Outbuilding

Schools

  • Audubon Elementary School
  • Rose Hill Middle School
  • Lake Wash High School

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Harrisons Acreage Condos
  • Microsoft Subdivision

Listing and Financial Details

  • Tax Lot tract 19
  • Assessor Parcel Number 3134100193

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,032

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1951
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Harrisons Acreage
  • New Construction: No
  • CalculatedSquareFootage: 4160
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition, Flat, Torch Down
  • View: Lake
  • Lot Features: Paved, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Available
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: public
  • SewerCompany: public
  • WaterCompany: public
  • CableConnected: verizon
  • WaterSewerGarbage: 3660

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Lake Washington
  • High School: Lake Wash High
  • Middle Or Junior School: Rose Hill Middle

Lot Info

  • Parcel Number: 3134100193
  • Lot Size Acres: 0.5946
  • Lot Size: 185 x 140
  • Lot Size Sq Ft: 25900
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available,High Speed Internet,Outbuildings,RV Parking,Shop
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: tract 19

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 27
  • LeasedItems: None
  • TotalMonthlyIncome: 9020

Multi Family

  • Gross Scheduled Income: 108240
  • Net Operating Income: 89148
  • Number Of Units Total: 4
  • Electric Expense: 400
  • Insurance Expense: 4000
  • Leasable Area: 4100
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 11032

MLS Schools

  • Elementary School: Audubon Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2023
Closed on
Mar 11, 2024
Sold by
Wilham Keith Harold
Bought by
Samrats Properties Llc
Seller's Agent
Fred Grunewald
Skyline Properties, Inc.
Buyer's Agent
Cassandra Kerk
RE/MAX Eastside Brokers, Inc.
List Price
$2,400,000
Sold Price
$2,172,000
Premium/Discount to List
-$228,000
-9.5%
Views
196
Current Estimated Value
$2,253,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,423
Avg. Annual Appreciation
2.39%
Original Mortgage
$1,972,000
Outstanding Balance
$1,934,780
Interest Rate
5.95%
Mortgage Type
New Conventional
Estimated Equity
$318,643

Purchase Details

Closed on
Jul 1, 1983
Sold by
Hughes David G
Bought by
Wilham Keith Harold
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
Samrats Properties Llc $2,172,000 First American Title Insurance
Wilham Keith Harold $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samrats Properties Llc $1,972,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2024 03/14/24 Sold $2,172,000 -7.6% $522 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
01/11/2024 01/11/24 Price Changed $2,350,000 -2.1% $565 / Sq Ft
12/27/2023 12/27/23 For Sale $2,400,000 0.0% $577 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
10/02/2023 10/02/23 Price Changed $2,400,000 -4.0% $577 / Sq Ft
09/19/2023 09/19/23 Price Changed $2,500,000 -7.4% $601 / Sq Ft
08/14/2023 08/14/23 Price Changed $2,700,000 -10.0% $649 / Sq Ft
05/29/2023 05/29/23 For Sale $3,000,000 -- $721 / 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 $13,192 $1,679,000 $1,382,000 $297,000
2023 $11,457 $1,385,000 $1,141,000 $244,000
2022 $11,032 $1,857,000 $1,119,000 $738,000
2021 $10,458 $1,283,000 $773,000 $510,000
2020 $10,201 $1,124,000 $678,000 $446,000
2018 $9,428 $1,122,000 $677,000 $445,000
2017 $7,456 $944,000 $570,000 $374,000
2016 $7,004 $779,000 $518,000 $261,000
2015 $6,617 $725,000 $482,000 $243,000
2014 -- $661,000 $439,000 $222,000
2013 -- $595,000 $394,000 $201,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2072269

Northwest Multiple Listing Service (NWMLS)

APN: 313410-0193