Listed by Wilson Realty Exchange, Inc., Bought with Urban Commercial Partners, LLC
NOT LISTED FOR SALE

Estimated Value: $1,061,000 - $1,343,000

5 Beds
3 Baths
2,260 Sq Ft
$518/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $816,000 $361 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $7,244/month

31 Days on Market

Highlights

  • Lake View
  • Deck
  • Wall to Wall Carpet
  • Kenmore Elementary School Rated A-
  • Corner Lot

About This Home

As of July 2018

Great upside development potential duplex on CB zoned property. 5-8 units might be possible. Buyer should check with the city. Excellent views of Lake Washington from both units. Lots of off street parking. Well located between Bothell UW campus and downtown Seattle. Possible rent increases with a little polish and shine, buy and hold with income while you get your plans approved.

Last Agent to Sell the Property

Charles Carosella

Wilson Realty Exchange, Inc. License #23977 Listed on: 05/21/2018

Co-Listed By

Milan Vincic

Wilson Realty Exchange, Inc. License #71525

Last Buyer's Agent

Tyler Bretz, CCIM

Urban Commercial Partners, LLC License #23000464

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1296207

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,599

Year Built

  • Built in 1947

Lot Details

  • 9,297 Sq Ft Lot
  • Corner Lot
  • Value in Land
  • Property is in good condition

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Lake Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 1 Covered Space
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Kenmore Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7947300040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,599

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1947
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 377

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 1338

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Northshore

Lot Info

  • Parcel Number: 7947300040
  • Lot Size Acres: 0.2134
  • Lot Size Sq Ft: 9297
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available
  • MLSLotSizeSource: Tax records
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: Furnace/Burner
  • TotalMonthlyIncome: 3220

Multi Family

  • Gross Scheduled Income: 38640
  • Net Operating Income: 29953
  • Number Of Units Total: 2
  • Insurance Expense: 750
  • Leasable Area: 2800
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 6599

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Jul 17, 2018
Sold by
Wilson Realty Exchange Inc
Bought by
Carbaugh Bernice and Carbaugh Jason
Seller's Agent
Charles Carosella
Wilson Realty Exchange, Inc.
Buyer's Agent
Tyler Bretz, CCIM
Urban Commercial Partners, LLC
List Price
$799,950
Sold Price
$816,000
Premium/Discount to List
$16,050
2.01%
Current Estimated Value
$1,170,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,912
Avg. Annual Appreciation
5.20%
Original Mortgage
$530,400
Outstanding Balance
$461,587
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$709,325

Purchase Details

Closed on
May 2, 1989
Sold by
Katsel Charles W and Katsel Evelyn C
Bought by
Wilson Realty Exchange Inc
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
Carbaugh Bernice $816,000 Old Republic Title Ltd
Wilson Realty Exchange Inc $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carbaugh Bernice $530,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $816,000 +2.0% $361 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $799,950 +900.6% $354 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $79,950 -- $35 / 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 $10,960 $1,084,000 $693,000 $391,000
2023 $9,804 $939,000 $630,000 $309,000
2022 $8,709 $1,079,000 $700,000 $379,000
2021 $7,894 $778,000 $508,000 $270,000
2020 $7,754 $644,000 $428,000 $216,000
2018 $6,598 $574,000 $394,000 $180,000
2017 $5,883 $527,000 $362,000 $165,000
2016 $6,708 $473,000 $325,000 $148,000
2015 $6,226 $542,000 $287,000 $255,000
2014 -- $481,000 $268,000 $213,000
2013 -- $399,000 $223,000 $176,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1296207

Northwest Multiple Listing Service (NWMLS)

APN: 794730-0040