NOT LISTED FOR SALE

Estimated Value: $1,128,000 - $1,678,000

6 Beds
4 Baths
2,470 Sq Ft
$578/Sq Ft Est. Value

Last Sold August 06, 2020

Last sale price $1,030,000 $417 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $8,718/month

26 Days on Market

Highlights

  • Deck
  • Territorial View
  • Patio
  • Albert Einstein Elementary School Rated A
  • Corner Lot
  • Ceramic Tile Flooring

About This Home

As of August 2020

The Bear Creek Duplex is an incredibly well-maintained and updated property located less than a mile from downtown Redmond. The duplex has been extensively modernized in the last three years with all new paint, new roof, new flooring, new decking and perimeter fencing. The kitchen’s and bathrooms were redone to condo quality finishes, which include: new cabinets, all new appliance packages, quartz countertops & high end tile. Strong rent growth opportunity with future Redmond light rail station.

Last Agent to Sell the Property

Aaron Locke

The Foundation Group LLC License #107646 Listed on: 04/23/2020

Co-Listed By

Ethan Szmania

The Foundation Group LLC License #125178

Last Buyer's Agent

Amod Samnerkar

Checkmark Real Estate LLC License #27837

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1593136

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,506

Year Built

  • Built in 1980

Lot Details

  • 8,976 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,470 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Redmond Elementary School
  • Redmond Middle School
  • Redmond High School

Utilities

  • Cable TV Available

Community Details

  • Avondale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3375100240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,506

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2470
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 309

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 2461

Schools

  • Junior High Dist: Lake Washington
  • High School: Redmond High
  • Middle Or Junior School: Redmond Middle

Lot Info

  • Parcel Number: 3375100240
  • Lot Size Acres: 0.2061
  • Lot Size Sq Ft: 8976
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gas Available,Patio
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 5000

Multi Family

  • Gross Scheduled Income: 60001
  • Net Operating Income: 49611
  • Number Of Units Total: 2
  • Insurance Expense: 1423
  • Leasable Area: 23470
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6506

MLS Schools

  • Elementary School: Redmond Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2024
Sold by
Harid Paresh Ramchandra and Harid Puja Saklani
Bought by
Haridas Paresh Ramchandra
Total Days on Market
26
Current Estimated Value
$1,428,151

Purchase Details

Listed on
Apr 23, 2020
Closed on
Aug 4, 2020
Sold by
Third Wave Properties Llc
Bought by
Haridas Paresh Ramchandra and Haridas Puja Saklani
Seller's Agent
Aaron Locke
The Foundation Group LLC
Buyer's Agent
Amod Samnerkar
Checkmark Real Estate LLC
List Price
$1,100,000
Sold Price
$1,030,000
Premium/Discount to List
-$70,000
-6.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%
Original Mortgage
$665,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2018
Sold by
Bellinaso Marcelo L and Wenzel Maira C
Bought by
Third Wave Properties Llc

Purchase Details

Closed on
Jan 23, 2017
Sold by
Long Jerald
Bought by
Bellinaso Marcelo L and Wenzel Maira C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2013
Sold by
Moore Gregory William and Moore Angelique Marie
Bought by
Long Jerald

Purchase Details

Closed on
Dec 24, 2012
Sold by
Galloway Dolores
Bought by
Long Jerald and Moore Angelique M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 14, 2012
Sold by
Galloway Dolores
Bought by
Long Jerald and Moore Angelique M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 28, 2002
Sold by
Ordal William G and Ordal Marilyn D
Bought by
Galloway Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,156
Interest Rate
6.89%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 22, 1990
Sold by
Ordal Marilyn D
Bought by
Ordal Marilyn D and Ordal William G
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
Haridas Paresh Ramchandra $313 None Listed On Document
Haridas Paresh Ramchandra $1,035,000 Stewart Title Company
Third Wave Properties Llc -- Chicago Title
Bellinaso Marcelo L $710,000 Chicago Title
Long Jerald -- None Available
Long Jerald $425,000 First American
Long Jerald -- Chicago Title
Galloway Dolores $316,750 Lawyers Title Agency
Ordal Marilyn D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haridas Paresh Ramchandra $665,000
Previous Owner Bellinaso Marcelo L $492,000
Previous Owner Bellinaso Marcelo L $497,000
Previous Owner Long Jerald $425,000
Previous Owner Galloway Dolores $277,156
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2020 08/06/20 Sold $1,030,000 -0.5% $417 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
05/11/2020 05/11/20 Price Changed $1,035,000 -5.9% $419 / Sq Ft
04/23/2020 04/23/20 For Sale $1,100,000 -- $445 / 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 $8,783 $1,117,000 $453,000 $664,000
2023 $9,105 $940,000 $385,000 $555,000
2022 $7,460 $1,238,000 $483,000 $755,000
2021 $6,872 $867,000 $338,000 $529,000
2020 $6,506 $738,000 $289,000 $449,000
2018 $5,788 $636,000 $321,000 $315,000
2017 $5,583 $579,000 $296,000 $283,000
2016 $5,423 $583,000 $267,000 $316,000
2015 $5,158 $561,000 $258,000 $303,000
2014 -- $515,000 $240,000 $275,000
2013 -- $469,000 $192,000 $277,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1593136

Northwest Multiple Listing Service (NWMLS)

APN: 337510-0240