Listed by Coldwell Banker Bain, Bought with Premiere Real Estate Group
NOT LISTED FOR SALE

Estimated Value: $1,092,000 - $1,341,332

7 Beds
8 Baths
3,270 Sq Ft
$370/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $800,000 $245 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,480/month

3 Days on Market

Highlights

  • Docks
  • RV Access or Parking
  • Patio
  • Jane Addams Middle School Rated A-
  • Corner Lot
  • Partially Fenced Property

About This Home

As of September 2020

Excellent investment opportunity! Duplex in need of some TLC. Large sunny corner lot on a quiet street in the Olympic Hills neighborhood of NE Seattle. Unit B (north side) is a 4 bedroom (1 nonconforming) 2.5 bath 2,149sf home with 2-car garage. Western facing deck & partially fenced grassy yard. Unit C (south side) is a 2 bedroom 1.5 bath 1,054sf home with new carpet throughout. Plenty of off-street parking available and ample space to play. Close to shopping and dining. Easy access to I-5.

Last Agent to Sell the Property

Heather Pike

Coldwell Banker Bain License #44873 Listed on: 08/11/2020

Coldwell Banker Bain

Last Buyer's Agent

Nick Alameddin

Premiere Real Estate Group License #26981

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1638913

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,859

Year Built

  • Built in 1926

Lot Details

  • 0.26 Acre Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

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

Interior Spaces

  • 3,270 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 7 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Docks
  • Patio

Schools

  • Olympic Hills Elementary School
  • Jane Addams Middle School
  • Nathan Hale High School

Utilities

  • Cable TV Available

Community Details

  • Olympic Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5219200005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,859

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1926
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3270
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 4869

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle
  • High School: Nathan Hale High
  • Middle Or Junior School: Jane Addams

Lot Info

  • Parcel Number: 5219200005
  • Lot Size Acres: 0.2555
  • Lot Size Sq Ft: 11128
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Dock,Fenced-Partially,Gas Available,Patio,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4675

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8859

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 3178
  • Insurance Expense: 1273
  • Leasable Area: 3270
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Olympic Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2021
Sold by
Salameh Ibrahim and Basha Diana Al
Bought by
Ibrahim Salameh And Diana Al Basha Revocable and Salameh
Current Estimated Value
$1,208,333

Purchase Details

Listed on
Aug 11, 2020
Closed on
Sep 10, 2020
Sold by
Kan Ling Chuan and Wang Austin Sheng
Bought by
Salameh Ibrahim and Al Basha Diana
Seller's Agent
Heather Pike
Coldwell Banker Bain
Buyer's Agent
Nick Alameddin
Premiere Real Estate Group
List Price
$799,000
Sold Price
$800,000
Premium/Discount to List
$1,000
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.46%
Original Mortgage
$600,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2005
Sold by
Zee Kevin D
Bought by
Kan Ling Chuan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 9, 1984
Sold by
Liu Lawrence W and Liu Chris C
Bought by
Liu Kun Lin and Mei Hui Cheng

Purchase Details

Closed on
Aug 1, 1963
Sold by
Peck John E and Peck Helen M
Bought by
Comstock Gladys B
Source: Public Records

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
Ibrahim Salameh And Diana Al Basha Revocable $313 None Listed On Document
Salameh Ibrahim $800,000 Rainier Title
Kan Ling Chuan -- Stewart Title
Kan Ling Chuan $465,000 Stewart Title
Liu Kun Lin $68,000 --
Comstock Gladys B $16,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salameh Ibrahim $600,000
Previous Owner Kan Ling Chuan $325,500
Closed Comstock Gladys B $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2020 09/18/20 Sold $800,000 +0.1% $245 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $799,000 -- $244 / 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 $12,892 $1,251,000 $525,000 $726,000
2023 $9,995 $868,000 $495,000 $373,000
2022 $9,547 $1,065,000 $441,000 $624,000
2021 $8,646 $937,000 $394,000 $543,000
2020 $8,859 $801,000 $323,000 $478,000
2018 $8,183 $823,000 $335,000 $488,000
2017 $6,906 $755,000 $276,000 $479,000
2016 $6,453 $652,000 $235,000 $417,000
2015 $5,560 $596,000 $215,000 $381,000
2014 -- $522,000 $187,000 $335,000
2013 -- $475,000 $170,000 $305,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1638913

Northwest Multiple Listing Service (NWMLS)

APN: 521920-0005