Listed by RE/MAX Town Center, Bought with Pellego, Inc.
NOT LISTED FOR SALE

Estimated Value: $947,000 - $1,086,000

5 Beds
2 Baths
1,850 Sq Ft
$539/Sq Ft Est. Value

Last Sold June 07, 2023

Last sale price $895,000 $484 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,161/month

37 Days on Market

Highlights

  • Views of a Sound
  • Corner Lot
  • Patio
  • Melvin G. Syre Elementary School Rated A
  • No HOA
  • 1-minute walk to Richmond Beach Community Park

About This Home

As of June 2023

Sought after Richmond Beach duplex on a corner lot new to the market. Located adjacent to community park and library. Unit 1 has 3 bedrooms and .75 bath complete with heat pump and a 980 sq ft unfinished basement ( not included in total size) that has a washer and dryer for each unit. Unit 2 is a 2 bedroom 1 bath home with outside access to the basement. Each unit has great natural lighting and all appliances stay with the duplex. The driveway will fit 6 cars. Duplexes in this area do not come on the market often so get in while you can.

Last Agent to Sell the Property

John Short

RE/MAX Town Center License #113484 Listed on: 04/18/2023

RE/MAX Town Center

Last Buyer's Agent

Julie Washburn

Pellego, Inc. License #141148

Pellego, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2055988

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,350

Year Built

  • Built in 1957

Lot Details

  • 7,182 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,850 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Heat Pump System
  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Richmond Beach Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 7278700225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,350

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1957
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1850
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Sound, Territorial
  • Lot Features: Adjacent to Public Land, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Average
  • Structure Type: Duplex

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
  • Security: FullyFenced
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard, Heat Pump
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle public Utilities
  • WaterCompany: Seattle public Utilities
  • WaterSewerGarbage: 3200

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Shoreline

Lot Info

  • Parcel Number: 7278700225
  • Lot Size Acres: 0.1649
  • Lot Size Sq Ft: 7182
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.26
  • LeasedItems: None
  • TotalMonthlyIncome: 5323

Multi Family

  • Gross Scheduled Income: 63876
  • Net Operating Income: 46873
  • Number Of Units Total: 2
  • Electric Expense: 5000
  • Insurance Expense: 453
  • Leasable Area: 18
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Jun 6, 2023
Sold by
Balch Evelyn
Bought by
Fswcp Llc
Seller's Agent
John Short
RE/MAX Town Center
Buyer's Agent
Julie Washburn
Pellego, Inc.
List Price
$975,000
Sold Price
$895,000
Premium/Discount to List
-$80,000
-8.21%
Views
70
Current Estimated Value
$997,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,803
Avg. Annual Appreciation
4.72%
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
Fswcp Llc $895,000 First American Title Insurance
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2023 06/07/23 Sold $895,000 -8.2% $484 / Sq Ft
05/25/2023 05/25/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $975,000 0.0% $527 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $975,000 -- $527 / 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 $10,449 $960,000 $438,000 $522,000
2023 $9,501 $834,000 $378,000 $456,000
2022 $8,350 $915,000 $421,000 $494,000
2021 $8,164 $722,000 $298,000 $424,000
2020 $7,863 $642,000 $255,000 $387,000
2018 $7,059 $580,000 $241,000 $339,000
2017 $5,917 $566,000 $228,000 $338,000
2016 $6,522 $493,000 $199,000 $294,000
2015 $6,560 $527,000 $277,000 $250,000
2014 -- $497,000 $260,000 $237,000
2013 -- $430,000 $225,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2055988

Northwest Multiple Listing Service (NWMLS)

APN: 727870-0225