Listed by John L. Scott, Inc, Bought with John L. Scott, Inc
NOT LISTED FOR SALE

Estimated Value: $968,872 - $1,016,000

8 Beds
4 Baths
3,740 Sq Ft
$267/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $552,500 $148 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,289/month

6 Days on Market

Highlights

  • Views of a Sound
  • Patio
  • Partially Fenced Property
  • Deck
  • High Speed Internet
  • Wood Siding

About This Home

As of June 2017

Fantastic investor opportunity! Each unit in this 4-plex has 2 bedrooms, 1 full bath, washer/dryer, dishwasher, refrigerator, garbage disposal, range/oven, wood burning fireplace & dining room. The 2 upper units are approx 930 SF with a large deck. The 2 lower units are approx 830 SF and have a slider to a large patio and very private back yard. Partial view of the sound from upper & lower bedroom windows. Also has a 7 car parking space. Easy access to all amenities, schools & freeways.

Last Agent to Sell the Property

Jon Bye

John L. Scott, Inc License #25593 Listed on: 02/28/2017

John L. Scott, Inc

Last Buyer's Agent

Almaz Sebsebie

John L. Scott, Inc License #115897

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1070419

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,100

Year Built

  • Built in 1976

Lot Details

  • 8,550 Sq Ft Lot
  • Partially Fenced Property

Property Views

  • Views of a Sound
  • Territorial
  • Limited

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,740 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet

Parking

  • 7 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2724201525

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,100

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3740
  • Special Features: None
  • Cumulative Days on Market: 351

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Partial, Sound, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 4022

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 2724201525
  • Lot Size Acres: 0.1963
  • Lot Size Sq Ft: 8550
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Title
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 3728

Multi Family

  • Gross Scheduled Income: 44743
  • Net Operating Income: 26313
  • Number Of Units Total: 4
  • Electric Expense: 178
  • Insurance Expense: 1603
  • Leasable Area: 3740
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 6100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2017
Closed on
Jun 27, 2017
Sold by
Bishop Gregory T and Bishop Lisa M
Bought by
Tessema Biruk
Seller's Agent
Jon Bye
John L. Scott, Inc
Buyer's Agent
Almaz Sebsebie
John L. Scott, Inc
List Price
$560,000
Sold Price
$552,500
Premium/Discount to List
-$7,500
-1.34%
Current Estimated Value
$998,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,968
Avg. Annual Appreciation
7.50%
Original Mortgage
$542,492
Outstanding Balance
$454,468
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$540,554

Purchase Details

Closed on
Nov 29, 2006
Sold by
Szabad Peter and Szabadova Katarina
Bought by
Bishop Gregory T and Bishop Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.5%

Purchase Details

Closed on
Oct 21, 2004
Sold by
Szabad Peter
Bought by
Szabad Peter and Szabadova Katarina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,900
Interest Rate
4.12%

Purchase Details

Closed on
Apr 21, 2003
Sold by
Szabadova Katarina
Bought by
Szabad Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,881
Interest Rate
5.72%

Purchase Details

Closed on
Feb 25, 2000
Sold by
Mcvicker Ruthann and Mcvicker Jay H
Bought by
Nadew Efrata and Shumeye Emebet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,650
Interest Rate
4.95%

Purchase Details

Closed on
Apr 8, 1999
Sold by
Peterson Brenda A
Bought by
Mcvicker Sr Jay H and Mcvicker Ruthann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,100
Interest Rate
6.91%

Purchase Details

Closed on
Sep 18, 1996
Sold by
Grohs Family Ltd Partnership
Bought by
Peterson Brenda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,950
Interest Rate
7.87%

Purchase Details

Closed on
Aug 25, 1993
Sold by
Grohs Harvey L and Grohs Wilma J
Bought by
Grohs Harvey L and Grohs Wilma J
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
Tessema Biruk $552,500 Cw Title Co
Bishop Gregory T $525,000 Chicago Title
Szabad Peter -- Transnation Ti
Szabad Peter -- Lawyers Title
Szabad Peter $396,000 Lawyers Title
Nadew Efrata $258,500 Old Republic Title Ltd
Mcvicker Sr Jay H $238,900 Old Republic Title Company
Peterson Brenda A $179,950 Commonwealth Land Title Ins
Grohs Harvey L -- Chicago Title
Grohs Harvey L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tessema Biruk $43,759
Open Tessema Biruk $542,492
Previous Owner Bishop Gregory T $420,000
Previous Owner Szabad Peter $29,500
Previous Owner Szabad Peter $378,900
Previous Owner Szabad Peter $389,881
Previous Owner Nadew Efrata $232,650
Previous Owner Mcvicker Sr Jay H $191,100
Previous Owner Peterson Brenda A $143,950
Closed Mcvicker Sr Jay H $23,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $552,500 -1.3% $148 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
02/28/2017 02/28/17 For Sale $560,000 -- $150 / 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 $10,189 $855,000 $240,000 $615,000
2023 $9,963 $864,000 $180,000 $684,000
2022 $10,454 $868,000 $140,000 $728,000
2021 $10,345 $805,000 $120,000 $685,000
2020 $9,724 $756,000 $120,000 $636,000
2018 $7,074 $613,000 $119,700 $493,300
2017 $6,300 $469,000 $102,600 $366,400
2016 $6,100 $420,000 $68,400 $351,600
2015 -- $415,000 $59,800 $355,200
2014 -- $356,000 $59,800 $296,200
2013 -- $386,000 $59,800 $326,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1070419

Northwest Multiple Listing Service (NWMLS)

APN: 272420-1525