Listed by Better Properties Covington, Bought with Newberry Realty Renton
NOT LISTED FOR SALE

Estimated Value: $751,642 - $928,000

4 Beds
2 Baths
2,500 Sq Ft
$328/Sq Ft Est. Value

Last Sold September 20, 2016

Last sale price $395,000 $158 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $5,202/month

2 Days on Market

About This Home

As of September 2016

WELL MAINTAINED 4 PLEX UNIT IN DES MOINES. Units are occupied, priced to sell.

Last Agent to Sell the Property

greg hughes

Better Properties Covington License #87291 Listed on: 06/13/2016

Last Buyer's Agent

Fekade Tessema-Barke

Newberry Realty Renton License #3590

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 960108

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,668

Year Built

  • Built in 1988

Lot Details

  • 7,540 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7827200060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,668

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1988
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2500
  • Special Features: None
  • Cumulative Days on Market: 341

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • SewerCompany: better properties
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 7827200060
  • Lot Size Acres: 0.1731
  • Lot Size Sq Ft: 7540
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1044
  • LeasedItems: None
  • TotalMonthlyIncome: 3150

Multi Family

  • Gross Scheduled Income: 3150
  • Net Operating Income: 27882
  • Number Of Units Total: 4
  • Insurance Expense: 1050
  • Leasable Area: 2500
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4668

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2016
Closed on
Sep 9, 2016
Sold by
Al Salehi Lateef
Bought by
Yirdaw Liyu D
Seller's Agent
greg hughes
Better Properties Covington
Buyer's Agent
Fekade Tessema-Barke
Newberry Realty Renton
List Price
$395,000
Sold Price
$395,000
Current Estimated Value
$821,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,214
Original Mortgage
$387,845
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2009
Sold by
Suleiman Kunle S and Suleiman Ellen M
Bought by
Al Salehi Lateef

Purchase Details

Closed on
Dec 22, 2006
Sold by
Suleiman Kunle S
Bought by
Suleiman Kunle S and Suleiman Ellen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Interest Rate
8.45%

Purchase Details

Closed on
Aug 8, 2005
Sold by
Suleiman Ellen M
Bought by
Suleiman Kunle S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.48%

Purchase Details

Closed on
Aug 10, 1998
Sold by
Hinzmann Johan A
Bought by
Sharon David and Veliz Sharon Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,300
Interest Rate
6.95%

Purchase Details

Closed on
Jun 8, 1992
Sold by
Roth Gisbert H and Roth Nouvarat
Bought by
Hinzmann Johan A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Yirdaw Liyu D $395,000 Fidelity Natio
Al Salehi Lateef $280,000 First American
Suleiman Kunle S -- Fidelity Natio
Suleiman Kunle S -- Fidelity Natio
Suleiman Kunle S $375,000 Fidelity Natio
Sharon David $167,000 Chicago Title Insurance
Hinzmann Johan A $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yirdaw Liyu D $591,500
Closed Yirdaw Liyu D $387,845
Previous Owner Suleiman Kunle S $436,500
Previous Owner Suleiman Kunle S $300,000
Previous Owner Suleiman Kunle S $75,000
Previous Owner Sharon David $150,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2016 09/20/16 Sold $395,000 0.0% $158 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $395,000 -- $158 / 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 $8,468 $709,000 $200,000 $509,000
2023 $7,870 $696,000 $160,000 $536,000
2022 $8,506 $678,000 $160,000 $518,000
2021 $8,330 $650,000 $120,000 $530,000
2020 $6,919 $604,000 $120,000 $484,000
2018 $5,612 $418,000 $85,000 $333,000
2017 $4,700 $368,000 $75,400 $292,600
2016 $4,668 $308,000 $75,400 $232,600
2015 $4,003 $313,000 $52,700 $260,300
2014 -- $264,000 $52,700 $211,300
2013 -- $271,000 $52,700 $218,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 960108

Northwest Multiple Listing Service (NWMLS)

APN: 782720-0060