NOT LISTED FOR SALE

Estimated Value: $1,129,657 - $1,273,000

-- Bed
-- Bath
5,670 Sq Ft
$212/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $1,060,000 $187 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,704/month

51 Days on Market

Highlights

  • Deck
  • Territorial View
  • Property is Fully Fenced
  • Ridgecrest Elementary School Rated A-
  • Patio
  • Wood Siding

About This Home

As of October 2021

Attention Investors! Well maintained 4 plex in the Ballinger area of Shoreline. With some cosmetic updating these units will continue to have long term tenants like the ones that have called this home for the last 10+years. Rents are currently well under market rate. Boasting 3 2 bedroom 1.5 bath two story units and 1 well appointed studio. There are 3 private garages, each with their own private storage unit and one unit has a wonderful park like private yard. All current long term tenants are on month to month. With location always being the key, the easy and quick access to i5, shopping, parks, restaurants and much more make this location fabulous.

Last Listed By

Jon Catlow

Coldwell Banker Danforth License #25113 Listed on: 07/26/2021

Coldwell Banker Danforth

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1813909

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,818

Year Built

  • Built in 1978

Lot Details

  • 8,319 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,670 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • Shoreline Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3971701305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,818

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5670
  • Special Features: VirtualTour
  • Cumulative Days on Market: 317

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3500

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Shoreline

Lot Info

  • Parcel Number: 3971701305
  • Lot Size Acres: 0.191
  • Lot Size Sq Ft: 8319
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Net Operating Income: 53340
  • Number Of Units Total: 4
  • Electric Expense: 3500
  • Leasable Area: 5670
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 15818

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Oct 18, 2021
Sold by
Gordon Gregory E and Gordon Lynne M
Bought by
Vukaj Artan and Vukaj Aferdita
Seller's Agent
Jon Catlow
Coldwell Banker Danforth
Buyer's Agent
Ilir Budo
Larson Real Estate
List Price
$1,250,000
Sold Price
$1,060,000
Premium/Discount to List
-$190,000
-15.2%
Total Days on Market
51
Current Estimated Value
$1,201,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,329
Avg. Annual Appreciation
3.56%
Original Mortgage
$795,000
Outstanding Balance
$734,339
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$466,990

Purchase Details

Closed on
Mar 10, 1993
Sold by
Gordon Robert John
Bought by
Gordon Gregory E and Gordon Lynne M

Purchase Details

Closed on
Jan 10, 1992
Sold by
Kaarme Salme and Kaarma Eero+Chong
Bought by
Gordon Robert J and Gordon Gregory

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
Vukaj Artan $1,060,000 Chicago Title Company Of Wa
Gordon Gregory E $19,600 --
Gordon Robert J $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vukaj Artan $795,000
Previous Owner Gordon Gregory E $250,000
Previous Owner Gordon Gregory E $62,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $1,060,000 -10.9% $187 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/07/2021 09/07/21 Price Changed $1,190,000 -4.8% $210 / Sq Ft
07/26/2021 07/26/21 For Sale $1,250,000 -- $220 / 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 $11,763 $973,000 $249,500 $723,500
2023 $11,712 $1,067,000 $249,500 $817,500
2022 $13,689 $1,031,000 $249,500 $781,500
2021 $15,818 $1,118,000 $249,500 $868,500
2020 $15,606 $1,206,000 $249,500 $956,500
2018 $11,939 $1,033,000 $249,500 $783,500
2017 $9,355 $915,000 $249,500 $665,500
2016 $9,164 $740,000 $249,500 $490,500
2015 $8,102 $700,000 $249,500 $450,500
2014 -- $602,000 $249,500 $352,500
2013 -- $605,000 $249,500 $355,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1813909

Northwest Multiple Listing Service (NWMLS)

APN: 397170-1305