Listed by COMPASS, Bought with Keller Williams Realty PS
$1,350,000
SOLD NOV 8, 2024
8 Beds
-- Bath
4,006 Sq Ft
9,682 Sq Ft Lot

Recently Sold

$337 Per Sq Ft

8 Days on Market

Highlights

  • Deck
  • Engineered Wood Flooring
  • Thermal Windows
  • Ridgecrest Elementary School Rated A-
  • No HOA
  • Views

About This Home

As of November 2024

Stone Ridge 4 Unit Portfolio. First time on the market since its construction in 1999. Property consists of 5 parcels (4 units on each). All units are spacious 2Bed/1.75BA with a renovated CAP Rate of 7.28%. Property is a 15 min walk to the new North Shoreline Light Rail Station which will allow tenants a 25 min commute to downtown Seattle. Amenities include: in-unit W/D, gas fire places, spacious bedrooms, walk in primary closets, ample parking, beautifully landscaped yards, back patios and backyards for the first floor units, vaulted ceilings a decks for 2nd floor units, fire alarm systems and extra storage spaces, roof was replaces 6 years ago.

Last Agent to Sell the Property

Erich Bubbel

COMPASS License #117941 Listed on: 09/10/2024

COMPASS

Last Buyer's Agent

Stuart Steadman

Keller Williams Realty PS License #7980

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2289214

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,048

Year Built

  • Built in 1999

Lot Details

  • 9,682 Sq Ft Lot
  • Open Space
  • Partially Fenced Property
  • Sprinkler System
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Engineered Wood Flooring
  • Property Views

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Shoreline Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6163900679

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,048

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1999
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4006
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.5
  • Special Features: VirtualTour
  • Cumulative Days on Market: 242

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 8
  • Fireplace: No
  • Flooring: Engineered Hardwood, See Remarks
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: See Remarks
  • Lot Features: Curbs, Open Space, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Other – See Remarks
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Public
  • WaterCompany: Public
  • WaterSewerGarbage: 9054

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Shoreline
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 6163900679
  • Lot Size Acres: 0.2223
  • Lot Size: 9682
  • Lot Size Sq Ft: 9682
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Gas Available,Sprinkler System
  • MLSLotSizeSource: Public
  • ZoningJurisdiction: See Remarks
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 14.11
  • LeasedItems: None
  • TotalMonthlyIncome: 7975

Multi Family

  • Gross Scheduled Income: 95703
  • Net Operating Income: 66292
  • Number Of Units Total: 4
  • Insurance Expense: 2000
  • Leasable Area: 4006
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2024
  • Tax Annual Amount: 15048
  • AdditionalTaxIds: 6163900679

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2024
Closed on
Nov 6, 2024
Sold by
Stoneridge 4-Plexes Llc
Bought by
Chaudhry Ali and Ali Mona
Seller's Agent
Erich Bubbel
COMPASS
Buyer's Agent
Stuart Steadman
Keller Williams Realty PS
List Price
$1,350,000
Sold Price
$1,350,000
Views
5
Current Estimated Value
$1,408,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,204
Avg. Annual Appreciation
-0.92%
Original Mortgage
$1,012,500
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2016
Sold by
Tiersma Peter M and Koruga Jeanne L
Bought by
Stoneridge 4 Plexes Llc

Purchase Details

Closed on
May 24, 2013
Sold by
Stoneridge 4 Plexes Llc
Bought by
Tiersma Peter M and Koruga Jeanne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.38%

Purchase Details

Closed on
Nov 12, 2010
Sold by
Stoneridge 4 Plexes Llc
Bought by
Tiersma Peter M and Koruga Jeanne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,500
Interest Rate
4.17%

Purchase Details

Closed on
Aug 25, 2009
Sold by
Tiersma Peter and Koruga Jeanne
Bought by
Stoneridge 4 Plexes Llc

Purchase Details

Closed on
Jan 10, 1998
Sold by
Vanduzer Victor E
Bought by
Tiersma Peter M and Koruga Jeanne L

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
7.13%

Purchase Details

Closed on
Dec 29, 1995
Sold by
Vermillion Logan E and Vermillion Delna J
Bought by
Vanduzer Victor E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.37%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,350,000 First American Title Insurance
Warranty Deed -- Accommodation
Warranty Deed -- Stewart Title
Warranty Deed -- Pacific Nw Tit
Warranty Deed -- None Available
Warranty Deed $330,000 First American Title Ins Co
Trustee Deed $264,539 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,012,500 New Conventional
Closed $1,012,500 New Conventional
Previous Owner $252,000 No Value Available
Previous Owner $254,500 No Value Available
Previous Owner $250,000 No Value Available
Previous Owner $200,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $1,350,000 0.0% $337 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $1,350,000 -- $337 / 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 $13,387 $1,143,000 $580,900 $562,100
2023 $15,048 $1,217,000 $532,500 $684,500
2022 $12,826 $1,131,000 $532,500 $598,500
2021 $15,549 $1,050,000 $484,100 $565,900
2020 $14,897 $1,193,000 $484,100 $708,900
2018 $12,650 $1,024,000 $387,200 $636,800
2017 $10,219 $986,000 $338,800 $647,200
2016 $10,841 $834,000 $290,400 $543,600
2015 $9,577 $851,000 $290,400 $560,600
2014 -- $719,000 $290,400 $428,600
2013 -- $704,000 $290,400 $413,600
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2289214

Northwest Multiple Listing Service (NWMLS)

APN: 616390-0679