NOT LISTED FOR SALE

Estimated Value: $1,189,000 - $1,233,463

5 Beds
5 Baths
2,510 Sq Ft
$481/Sq Ft Est. Value

Last Sold August 04, 2020

Last sale price $865,000 $345 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,424/month

15 Days on Market

Highlights

  • Property is in very good condition
  • Ridgecrest Elementary School Rated A-
  • Wall to Wall Carpet

About This Home

As of August 2020

Opportunity knocks in desirable Shoreline's North City! Newer triplex built in 2001 near all the new apartments going up. 2BD/2 bath units have fireplaces, W/D in all units. Your tenants will like walking distance to shopping, dining, transit, etc. New HWTs in two units. Owner does not pay utilities. Great long term tenants. Close to new light rail station!

Last Buyer's Agent

Michael Link

Windermere Bellevue Commons License #85769

Windermere Bellevue Commons

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1612637

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,505

Year Built

  • Built in 2001

Lot Details

  • 5,360 Sq Ft Lot
  • Lot Dimensions are 40x134
  • Property is in very good condition

Home Design

  • Triplex
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,510 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Ridgecrest Elementary School
  • Kellogg Mid Middle School
  • Shorecrest High School

Utilities

  • Natural Gas Connected

Community Details

  • Northend Country Est Condos
  • North City Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 / 4
  • Assessor Parcel Number 6163900741

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,505

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2001
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Northend Country Est
  • New Construction: No
  • CalculatedSquareFootage: 2510
  • Special Features: None
  • Cumulative Days on Market: 365

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Property Condition: Very Good
  • Structure Type: Triplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: Ronald
  • WaterCompany: North City
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Shoreline
  • High School: Shorecrest High
  • Middle Or Junior School: Kellogg Mid

Lot Info

  • Parcel Number: 6163900741
  • Lot Size Acres: 0.123
  • Lot Size: 40x134
  • Lot Size Sq Ft: 5360
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Commercial
  • LotNumber: 14

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 3980

Multi Family

  • Gross Scheduled Income: 47760
  • Net Operating Income: 35452
  • Number Of Units Total: 3
  • Insurance Expense: 892
  • Leasable Area: 2510
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2019
  • Tax Annual Amount: 7505

MLS Schools

  • Elementary School: Ridgecrest Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2020
Closed on
Jul 27, 2020
Sold by
Chang Chun Lin
Bought by
Leung Stanley and Leung Joanna
Buyer's Agent
Michael Link
Windermere Bellevue Commons
List Price
$878,950
Sold Price
$865,000
Premium/Discount to List
-$13,950
-1.59%
Current Estimated Value
$1,206,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,116
Avg. Annual Appreciation
6.14%
Original Mortgage
$648,750
Outstanding Balance
$582,904
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$585,716

Purchase Details

Closed on
May 13, 2016
Sold by
Granger Peter C and Granger Linda R
Bought by
Chang Chunlin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2016
Sold by
Wu Li Chuan
Bought by
Chang Chun Lin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 1996
Sold by
Ylinen Steven Michael and Ylinen Stanley Donald
Bought by
Granger Peter C and Granger Linda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.36%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 13, 1992
Sold by
Ylinen Steven Michael
Bought by
Ylinen Steven Michael and Ylinen Ylinen
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
Leung Stanley $865,000 Chicago Title
Chang Chunlin $700,000 First American
Chang Chun Lin -- First American Title Ins Co
Granger Peter C $55,000 Evergreen Title Company Inc
Ylinen Steven Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leung Stanley $648,750
Previous Owner Chang Chun Lin $250,000
Previous Owner Chang Chunlin $250,000
Previous Owner Granger Peter C $5,000,000
Previous Owner Granger Peter C $2,500,000
Previous Owner Granger Peter C $1,875,000
Previous Owner Granger Peter C $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2020 08/04/20 Sold $865,000 -1.6% $345 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $878,950 -- $350 / 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 $10,219 $869,000 $333,000 $536,000
2023 $9,986 $758,000 $294,000 $464,000
2022 $9,105 $900,000 $319,000 $581,000
2021 $8,648 $733,000 $264,000 $469,000
2020 $8,190 $635,000 $230,000 $405,000
2018 $6,942 $564,000 $205,000 $359,000
2017 $5,915 $517,000 $190,000 $327,000
2016 $5,651 $471,000 $176,000 $295,000
2015 $6,052 $432,900 $160,800 $272,100
2014 -- $447,300 $160,800 $286,500
2013 -- $417,400 $150,000 $267,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1612637

Northwest Multiple Listing Service (NWMLS)

APN: 616390-0741