NOT LISTED FOR SALE

Estimated Value: $712,000 - $824,150

5 Beds
3 Baths
3,014 Sq Ft
$260/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $730,000 $242 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,004/month

29 Days on Market

Highlights

  • Deck
  • Territorial View
  • Open Space
  • Ridgecrest Elementary School Rated A-
  • Wood Flooring
  • Partially Fenced Property

About This Home

As of June 2021

nvestor special! MF zoned non-conforming triplex ready to become a legal 5 plex. 2 bldgs on property. 2 units in front and a 1,000SF garage ready to convert into 2 new studios. Front 2 units have 2-bed rms & 1 bath + Back bldg has upper Studio unit w/186 SF deck. 1/2 mile from 185th st transit Station. Shopping centers at Ballinger Way NE, Lake Forest Park & North City. Quality Lite Fixer for you to charge market rents. Surrounded by large low vacancy multifamily buildings.

Last Agent to Sell the Property

Chris Nye

MLS4owners.com License #13886 Listed on: 01/26/2021

Last Buyer's Agent

Cherry Che

Berkshire Hathaway HS NW License #24886

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1721010

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,408

Year Built

  • Built in 1950

Lot Details

  • 9,307 Sq Ft Lot
  • Open Space
  • Partially Fenced Property

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,014 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Territorial Views

Parking

  • 5 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Shoreline Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3971701190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,408

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1950
  • Buyer Agency Compensation: 2%*
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3014
  • SOCComments: *Minus SO Admin Fee $300 See Remarks
  • Special Features: None
  • Cumulative Days on Market: 344

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Open Space, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Pillar, Poured Concrete, Slab
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Oil
  • WaterSewerGarbage: 1776

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 600

Schools

  • Junior High Dist: Shoreline

Lot Info

  • Parcel Number: 3971701190
  • Lot Size Acres: 0.2137
  • Lot Size Sq Ft: 9307
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: Seller
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Oil

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 42600
  • Net Operating Income: 31163
  • Number Of Units Total: 3
  • Electric Expense: 1800
  • Insurance Expense: 576
  • Leasable Area: 3014
  • EnergySource: Electric,Oil
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5408

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
Jun 4, 2021
Sold by
Harper John I and Shurin Harper Kimberlee
Bought by
Che Li and Chen Yuyang
Seller's Agent
Chris Nye
MLS4owners.com
Buyer's Agent
Cherry Che
Berkshire Hathaway HS NW
List Price
$785,000
Sold Price
$730,000
Premium/Discount to List
-$55,000
-7.01%
Current Estimated Value
$785,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,038
Avg. Annual Appreciation
1.33%
Original Mortgage
$547,500
Outstanding Balance
$501,059
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$269,430

Purchase Details

Closed on
Nov 14, 2001
Sold by
Borg Maud K M
Bought by
Harper Ii John L and Shurin Harper Kimberlee J
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
Che Li $730,000 Chicago Title Company Of Wa
Harper Ii John L $165,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Che Li $547,500
Previous Owner Harper Ii John L $69,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $730,000 -7.0% $242 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $785,000 -- $260 / 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 $8,012 $720,000 $345,000 $375,000
2023 $7,833 $628,000 $304,000 $324,000
2022 $5,744 $743,000 $346,000 $397,000
2021 $5,480 $486,000 $287,000 $199,000
2020 $5,408 $421,000 $250,000 $171,000
2018 $4,674 $377,000 $223,000 $154,000
2017 $3,885 $367,000 $207,000 $160,000
2016 $3,721 $317,000 $189,000 $128,000
2015 $3,421 $292,000 $173,000 $119,000
2014 -- $253,000 $148,000 $105,000
2013 -- $226,000 $128,000 $98,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1721010

Northwest Multiple Listing Service (NWMLS)

APN: 397170-1190