NOT LISTED FOR SALE

Estimated Value: $790,000 - $1,026,000

5 Beds
3 Baths
2,570 Sq Ft
$367/Sq Ft Est. Value

Last Sold November 28, 2022

Last sale price $838,000 $326 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,998/month

57 Days on Market

Highlights

  • Deck
  • Territorial View
  • Patio
  • Lake Forest Park Elementary School Rated A-
  • No HOA
  • Partially Fenced Property

About This Home

As of November 2022

Investor alert! Well maintained duplex w/excellent rental history. Perfect location with easy access to freeways, shopping, restaurants & more. Both units have their own unique floor plan. Unit A features 3 beds, 1.5 baths & large living space. Unit B features 2 generous sized bedrooms w/Jack & Jill bath, office & open living space. Laminated flooring. W/D in each unit. Fenced yard. Secured parking w/2 car garage & plenty more parking for guests.

Last Listed By

Joseph Goldberg

Lake & Company License #114035 Listed on: 08/24/2022

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1986398

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,686

Year Built

  • Built in 1979

Lot Details

  • 9,191 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,570 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 5 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • No Home Owners Association
  • Shoreline Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0426049051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,686

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2570
  • Special Features: None
  • Cumulative Days on Market: 321

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Shoreline
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0426049051
  • Lot Size Acres: 0.211
  • Lot Size Sq Ft: 9191
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: KCR

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 4400

Multi Family

  • Gross Scheduled Income: 53400
  • Net Operating Income: 39946
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 2570
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7686

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Nov 10, 2022
Sold by
Shilon Reshef and Shilon Hila
Bought by
Rudolph Alexander and Johnson Michael E
Seller's Agent
Joseph Goldberg
Lake & Company
Buyer's Agent
Richard Fuhrman
eXp Realty
List Price
$925,000
Sold Price
$838,000
Premium/Discount to List
-$87,000
-9.41%
Total Days on Market
57
Current Estimated Value
$943,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,913
Avg. Annual Appreciation
4.88%
Original Mortgage
$670,400
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 14, 2018
Closed on
Nov 9, 2018
Sold by
Han Lin and Contenti Alessandro
Bought by
Shilon Reshef and Shilon Hila
Seller's Agent
James Dainard
Heaton Dainard, LLC
Buyer's Agent
Joseph Goldberg
Lake & Company
List Price
$699,950
Sold Price
$660,000
Premium/Discount to List
-$39,950
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$495,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2015
Sold by
Platinum Restorations 4 Llc
Bought by
Han Lin and Contenti Alessandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 31, 2014
Sold by
Le Phong
Bought by
Platinum Restorations 4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,265
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2014
Sold by
Mescher Laura A
Bought by
Le Phong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,265
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2007
Sold by
Dolack Richard J
Bought by
Mescher Laura A

Purchase Details

Closed on
Apr 16, 1993
Sold by
Sergienko Gregory S
Bought by
Mescher Donald J

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
Rudolph Alexander $838,000 Old Republic Title
Shilon Reshef $660,000 Fidelity National Title
Han Lin -- Accommodation
Platinum Restorations 4 Llc $265,000 Stewart Title
Le Phong $185,000 Stewart Title
Mescher Laura A -- None Available
Mescher Donald J $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rudolph Alexander $700,141
Closed Rudolph Alexander $670,400
Previous Owner Loandepot Com Llc $495,000
Previous Owner Shilon Reshef $495,000
Previous Owner Han Lin $325,500
Previous Owner Han Lin $250,000
Previous Owner Le Phong $179,265
Previous Owner Mescher Donald J $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2022 11/28/22 Sold $838,000 -0.8% $326 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
10/10/2022 10/10/22 Price Changed $845,000 -2.8% $329 / Sq Ft
09/29/2022 09/29/22 Price Changed $869,000 -3.4% $338 / Sq Ft
09/08/2022 09/08/22 Price Changed $899,950 -2.7% $350 / Sq Ft
08/24/2022 08/24/22 For Sale $925,000 +40.2% $360 / Sq Ft
11/19/2018 11/19/18 Sold $660,000 -5.7% $257 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $699,950 -- $272 / 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 $8,581 $774,000 $337,000 $437,000
2023 $8,483 $675,000 $297,000 $378,000
2022 $7,686 $808,000 $346,000 $462,000
2021 $7,332 $658,000 $287,000 $371,000
2020 $7,236 $570,000 $250,000 $320,000
2018 $6,270 $510,000 $223,000 $287,000
2017 $5,469 $497,000 $207,000 $290,000
2016 $5,235 $452,000 $223,000 $229,000
2015 $4,811 $416,000 $204,000 $212,000
2014 -- $361,000 $174,000 $187,000
2013 -- $314,000 $150,000 $164,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1986398

Northwest Multiple Listing Service (NWMLS)

APN: 042604-9051