Listed by Windermere Mercer Island, Bought with Lions Realty Group
NOT LISTED FOR SALE

Estimated Value: $2,218,000 - $2,972,000

5 Beds
5 Baths
3,317 Sq Ft
$789/Sq Ft Est. Value

Last Sold October 09, 2015

Last sale price $1,170,000 $353 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $15,279/month

Highlights

  • Lake View
  • Deck
  • Thermal Windows
  • Lakeview Elementary School Rated A
  • Wood Flooring
  • Cul-De-Sac

About This Home

As of October 2015

INVESTOR ALERT...Rare opportunity to own a Triplex in Downtown Kirkland. This 1990 purpose built triplex offer a top floor unit w/2 bedrm, 1.75 bath overlooks Downtown & the Lake. It has it own private 1 car garage & central vacuum system. It is perfect if you would like to make it an owner occupied unit & live in Downtown Kirkland. Unit 2 is a 2 bedrm 1 bath unit. Unit 3 is a 1 bedroom 1 bath townhouse style unit. Current rents are well under market. Close to bus line, shopping & restaurants.

Last Agent to Sell the Property

Brian Rosso

Windermere Mercer Island License #88410 Listed on: 09/09/2015

Windermere Mercer Island

Last Buyer's Agent

Michelle Lions

Lions Realty Group License #13884

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 844816

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,823

Year Built

  • Built in 1990

Lot Details

  • 7,320 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Sprinkler System

Property Views

  • Lake
  • Mountain

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,317 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1875000240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,823

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3317
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hot Water Recirc Pump, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s)
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Kirkland
  • WaterCompany: City of Kirkland
  • WaterSewerGarbage: 10668

Fee Information

  • Annual Fuel Expense: 2214

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 1875000240
  • Lot Size Acres: 0.168
  • Lot Size Sq Ft: 7320
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Sprinkler System
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 21
  • LeasedItems: None
  • TotalMonthlyIncome: 4600

Multi Family

  • Gross Scheduled Income: 55200
  • Net Operating Income: 29559
  • Number Of Units Total: 3
  • Insurance Expense: 1978
  • Leasable Area: 3317
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 2

Tax Info

  • Year: 2015
  • Tax Annual Amount: 8823

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2024
Sold by
Breeden Brian C
Bought by
Bbgk Living Trust and Breeden
Current Estimated Value
$2,617,814

Purchase Details

Listed on
Sep 9, 2015
Closed on
Oct 2, 2015
Sold by
Carlson Duane and Carlson Elizabeth
Bought by
Breeden Brian C
Seller's Agent
Brian Rosso
Windermere Mercer Island
Buyer's Agent
Michelle Lions
Lions Realty Group
List Price
$1,200,000
Sold Price
$1,170,000
Premium/Discount to List
-$30,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%

Purchase Details

Closed on
May 9, 2006
Sold by
Molsberry John M and Molsberry Bonnie D
Bought by
Carlson Duane and Carlson Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
7.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 24, 1994
Sold by
Stoller Alvin K and Stoller Betty B
Bought by
Molsberry John M and Molsberry Bonnie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
6.98%
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
Bbgk Living Trust $313 None Listed On Document
Breeden Brian C $1,170,000 Wfg National
Carlson Duane $1,100,000 First American
Molsberry John M $420,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carlson Duane $770,000
Previous Owner Molsberry John M $378,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2015 10/09/15 Sold $1,170,000 -2.5% $353 / Sq Ft
09/10/2015 09/10/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $1,200,000 -- $362 / 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 $16,799 $2,078,000 $1,058,000 $1,020,000
2023 $16,221 $1,903,000 $969,000 $934,000
2022 $14,544 $2,295,000 $1,171,000 $1,124,000
2021 $13,244 $1,640,000 $826,000 $814,000
2020 $13,081 $1,372,000 $710,000 $662,000
2018 $11,628 $1,341,000 $696,000 $645,000
2017 $10,088 $1,149,000 $625,000 $524,000
2016 $8,776 $1,039,000 $556,000 $483,000
2015 $8,823 $890,000 $521,000 $369,000
2014 -- $863,000 $487,000 $376,000
2013 -- $710,000 $443,000 $267,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 844816

Northwest Multiple Listing Service (NWMLS)

APN: 187500-0240