NOT LISTED FOR SALE

Estimated Value: $1,330,000 - $1,421,284

-- Bed
-- Bath
3,640 Sq Ft
$378/Sq Ft Est. Value

Last Sold April 08, 2019

Last sale price $958,000 $263 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $8,565/month

7 Days on Market

Highlights

  • Deck
  • Secluded Lot
  • Wood Siding
  • Lake Forest Park Elementary School Rated A-
  • High Speed Internet
  • Wall to Wall Carpet

About This Home

As of April 2019

Investor Opportunity! 4-Plex with quality 2-Bed, 1-Bath units in great shape. Terrific & spacious floor-plans – each about 900 sq.ft. with living room & fireplace, dining area, kitchen, storage, separate water heaters and individual rear decks. Parking for each unit + guests. Solid building. Low rents. Quiet, wooded setting. Close to shopping, restaurants, etc. Easy to rent. Long term tenants. 5% cap rate with opportunity to increase.

Last Listed By

Jessica Lemme

Berkshire Hathaway HS SP License #23774 Listed on: 03/01/2019

Berkshire Hathaway HS SP

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1417904

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,364

Year Built

  • Built in 1979

Lot Details

  • 10,167 Sq Ft Lot
  • Street terminates at a dead end
  • Secluded Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,640 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Trafford Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8665900007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,364

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3640
  • Special Features: None
  • Cumulative Days on Market: 467

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: LFP Sewer
  • WaterCompany: North City Water
  • WaterSewerGarbage: 5923

Schools

  • Junior High Dist: Shoreline

Lot Info

  • Parcel Number: 8665900007
  • Lot Size Acres: 0.2334
  • Lot Size Sq Ft: 10167
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 5335

Multi Family

  • Gross Scheduled Income: 64000
  • Net Operating Income: 47183
  • Number Of Units Total: 4
  • Insurance Expense: 1530
  • Leasable Area: 3640
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 9364

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Apr 1, 2019
Sold by
Rizzuto Jeffrey Thomas
Bought by
Jones Maureen E
Seller's Agent
Jessica Lemme
Berkshire Hathaway HS SP
Buyer's Agent
KC Laughlin
Keller Williams Realty Bothell
List Price
$942,000
Sold Price
$958,000
Premium/Discount to List
$16,000
1.7%
Total Days on Market
7
Current Estimated Value
$1,375,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,642
Original Mortgage
$718,500
Outstanding Balance
$645,601
Interest Rate
4.3%

Purchase Details

Closed on
Sep 5, 2018
Sold by
Rizzuto Barbara A
Bought by
Rizzuto Jerry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.52%

Purchase Details

Closed on
Dec 13, 2013
Sold by
Rizzuto Barbara A and Rizzuto Jeffrey Thomas
Bought by
Rizzuto Barbara A

Range of Values:

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Average Value
Not Available
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
Jones Maureen E $958,000 Wfg Natl Ttl Co Of Wa Llc
Rizzuto Jerry A -- --
Rizzuto Barbara A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Maureen E $718,500
Previous Owner Rizzuto Jerry A --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2019 04/08/19 Sold $958,000 +1.7% $263 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $942,000 -- $259 / 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 $10,375 $965,000 $508,300 $456,700
2023 $9,985 $1,010,000 $386,300 $623,700
2022 $11,258 $1,006,000 $366,000 $640,000
2021 $13,097 $993,000 $355,800 $637,200
2020 $10,930 $1,075,000 $355,800 $719,200
2018 $9,363 $802,000 $315,100 $486,900
2017 $8,212 $773,000 $315,100 $457,900
2016 $8,208 $688,000 $305,000 $383,000
2015 $7,234 $667,000 $274,500 $392,500
2014 -- $542,000 $274,500 $267,500
2013 -- $562,000 $254,100 $307,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1417904

Northwest Multiple Listing Service (NWMLS)

APN: 866590-0007