Listed by Windermere Real Estate/East, Bought with KW Greater Seattle
NOT LISTED FOR SALE

Estimated Value: $1,315,000 - $1,711,000

-- Bed
-- Bath
4,646 Sq Ft
$317/Sq Ft Est. Value

Last Sold December 31, 2014

Last sale price $640,000 $138 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $8,941/month

445 Days on Market

Highlights

  • Deck
  • Secluded Lot
  • Open Space
  • Kenmore Elementary School Rated A-
  • Territorial View
  • Ceramic Tile Flooring

About This Home

As of December 2014

This fourplex is ideally set close to retail in Lake Forest Park, Kenmore, N of Lake WA & Bothell. Each unit has 3bd 1.75 baths, full size washer & dryer, storage rooms, wood burning fireplaces & 1 covered parking spot per unit. Freshly painted exterior, two of the units w/laminate wood flrs, remodeled kitchens & baths. Top units w/cathedral ceilings, all units w/large decks overlooking cedar trees & a creek. 4 additional uncovered parking spots.

Last Agent to Sell the Property

Lydia Geline

Windermere Real Estate/East License #2038 Listed on: 09/03/2013

Windermere Real Estate/East

Last Buyer's Agent

Patrik Warneke

KW Greater Seattle License #23004822

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 540228

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,436

Year Built

  • Built in 1977

Lot Details

  • 0.29 Acre Lot
  • Open Space
  • Secluded Lot

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,646 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Kenmore Elementary School
  • Inglemoor High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Kenmore Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4140100130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,436

Year Built

Built in 1977

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4646
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: See Remarks, Territorial
  • Lot Features: Open Space, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Available
  • Heating Yn: Yes
  • Utilities: Cable Connected, Electric
  • WaterSewerGarbage: 5442

Condo/Co-op/Association

  • Association Fee: 400
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Northshore
  • High School: Inglemoor Hs

Lot Info

  • Parcel Number: 4140100130
  • Lot Size Acres: 0.287
  • Lot Size Sq Ft: 12500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 4990

Multi Family

  • Gross Scheduled Income: 59880
  • Net Operating Income: 37904
  • Number Of Units Total: 4
  • Insurance Expense: 2424
  • Leasable Area: 4646
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2014
  • Tax Annual Amount: 8436

MLS Schools

  • Elementary School: Kenmore Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2013
Closed on
Dec 26, 2014
Sold by
Evered Bradford P and Evered Kathryn L
Bought by
Wei Tianjie and Dong Dai
Seller's Agent
Lydia Geline
Windermere Real Estate/East
Buyer's Agent
Patrik Warneke
KW Greater Seattle
List Price
$719,950
Sold Price
$640,000
Premium/Discount to List
-$79,950
-11.1%
Current Estimated Value
$1,474,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$834,885
Avg. Annual Appreciation
7.83%
Original Mortgage
$586,080
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 2006
Sold by
Vandervelde Paul M
Bought by
Mehrten William A and Mehrten Caroline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.5%

Purchase Details

Closed on
Oct 24, 1989
Sold by
Lakemore Associates Ltd
Bought by
Vandervelde Paul M
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
Wei Tianjie $640,000 Cw Title Co
Mehrten William A $680,000 Fidelity Natio
Vandervelde Paul M $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wei Tianjie $246,000
Open Wei Tianjie $498,000
Closed Wei Tianjie $95,500
Closed Wei Tianjie $528,000
Closed Wei Tianjie $586,080
Previous Owner Mehrten William A $517,500
Previous Owner Mehrten William A $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2014 12/31/14 Sold $640,000 -11.1% $138 / Sq Ft
11/25/2014 11/25/14 Pending -- -- --
09/05/2013 09/05/13 For Sale $719,950 -- $155 / 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 $12,602 $1,162,000 $312,500 $849,500
2023 $12,379 $1,262,000 $275,000 $987,000
2022 $13,018 $1,307,000 $237,500 $1,069,500
2021 $14,100 $1,138,000 $225,000 $913,000
2020 $13,509 $1,143,000 $312,500 $830,500
2018 $9,673 $955,000 $287,500 $667,500
2017 $9,216 $761,000 $287,500 $473,500
2016 $8,864 $733,000 $275,000 $458,000
2015 $7,668 $718,000 $250,000 $468,000
2014 -- $591,000 $250,000 $341,000
2013 -- $591,000 $225,000 $366,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 540228

Northwest Multiple Listing Service (NWMLS)

APN: 414010-0130