Listed by Windermere R.E. Northeast, Inc, Bought with John L. Scott, Inc
NOT LISTED FOR SALE

Estimated Value: $1,214,000 - $1,509,314

6 Beds
3 Baths
2,740 Sq Ft
$498/Sq Ft Est. Value

Last Sold June 22, 2012

Last sale price $540,000 $197 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $7,961/month

35 Days on Market

Highlights

  • Corner Lot
  • Thermal Windows
  • Property is in very good condition
  • Issaquah Valley Elementary School Rated A
  • Ceramic Tile Flooring
  • 2-minute walk to Gibson Park

About This Home

As of June 2012

Zero Vacancy Rate in 7+ Years. All 3 Units are now updated which means no surprises and rents are up 17% from last year with a great cap rate. Excellent opportunity for new owner to reap rewards of this wonderful property. Sought after location in the heart of Issaquah. Some of the great new features include: vinyl windows, comp roof in 2005, newer int/ext paint, new flooring in all units, all bathrooms updated, kitchens all updated, some stainless appliances, raised panel doors, and much more!

Last Agent to Sell the Property

Jason Chester

Windermere R.E. Northeast, Inc License #103165 Listed on: 03/23/2012

Windermere R.E. Northeast, Inc

Last Buyer's Agent

Michael Billings

John L. Scott, Inc License #27431

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 334600

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,986

Year Built

  • Built in 1981

Lot Details

  • 10,045 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,740 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Issaquah Vly Elementary School
  • Issaquah Mid Middle School
  • Issaquah High School

Additional Features

  • Outbuilding
  • Cable TV Available

Community Details

  • Issaquah Subdivision

Listing and Financial Details

  • Legal Lot and Block 525 / 2
  • Assessor Parcel Number 3324069525

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,986

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1981
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 2740
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Issaquah
  • WaterCompany: City of Issaquah

Schools

  • Junior High Dist: Issaquah
  • High School: Issaquah High
  • Middle Or Junior School: Issaquah Mid

Lot Info

  • Parcel Number: 3324069525
  • Lot Size Acres: 0.2306
  • Lot Size Sq Ft: 10045
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings
  • ZoningClass: Multi-Family
  • LotNumber: 525

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3875

Tax Info

  • Year: 2012
  • Tax Annual Amount: 5986

Multi Family

  • Number Of Units Total: 3
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Issaquah Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2012
Closed on
Jun 14, 2012
Sold by
Calozza Michael and Calozza Kristy
Bought by
Grinberg Michael and Grinberg Margarita
Seller's Agent
Jason Chester
Windermere R.E. Northeast, Inc
Buyer's Agent
Michael Billings
John L. Scott, Inc
List Price
$579,000
Sold Price
$540,000
Premium/Discount to List
-$39,000
-6.74%
Current Estimated Value
$1,364,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$824,438
Avg. Annual Appreciation
7.18%
Original Mortgage
$405,000
Outstanding Balance
$279,888
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$1,084,550

Purchase Details

Closed on
Aug 18, 2004
Sold by
Wang Dianna Y
Bought by
Calozza Michael and Calozza Kristy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,400
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2003
Sold by
The Chien Family Llc
Bought by
Wang Dianna Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2003
Sold by
Wang Chunlin
Bought by
Wang Dianna Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 1996
Sold by
Chien Chih Hsing and Chien Stella Lan Chih
Bought by
The Chien Family Llc

Purchase Details

Closed on
Jun 12, 1995
Sold by
Peterson Drew A and Peterson Amy L
Bought by
Chien Chin Hsing and Chien Stella Lan Chih

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
7.91%
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
Grinberg Michael $540,000 Cw Title Co
Calozza Michael $403,000 Pacific Nw Tit
Wang Dianna Y $365,000 Stewart Title
Wang Dianna Y -- Stewart Title
The Chien Family Llc -- Chicago Title Insurance Co
Chien Chin Hsing $255,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grinberg Michael $405,000
Previous Owner Calozza Michael $322,400
Previous Owner Wang Dianna Y $292,000
Previous Owner Chien Chin Hsing $178,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2012 06/22/12 Sold $540,000 -6.7% $197 / Sq Ft
04/28/2012 04/28/12 Pending -- -- --
03/23/2012 03/23/12 For Sale $579,000 -- $211 / 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 $9,831 $1,192,000 $442,000 $750,000
2023 $9,479 $1,016,000 $378,000 $638,000
2022 $9,372 $1,248,000 $466,000 $782,000
2021 $8,460 $1,012,000 $506,000 $506,000
2020 $8,505 $849,000 $433,000 $416,000
2018 $8,080 $906,000 $445,000 $461,000
2017 $6,967 $784,000 $389,000 $395,000
2016 $7,196 $702,000 $361,000 $341,000
2015 $6,638 $712,000 $338,000 $374,000
2014 -- $646,000 $306,000 $340,000
2013 -- $561,000 $279,000 $282,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 334600

Northwest Multiple Listing Service (NWMLS)

APN: 332406-9525