NOT LISTED FOR SALE

Estimated Value: $8,423,574

1.12 Acres
$7,521,048 Price per Acre
48,787 Sq Ft Lot

Last Sold July 07, 2021

Last sale price $1,498,490

Est. 462% increase in value since last sale

Current estimated payment $50,722/month

122 Days on Market

About This Lot

As of July 2021

Beautiful level, comm corner lot on Pacific Highway S at a lighted intersection in the heart of Des Moines. Great development opportunity. High-visibility. PR-C zone allows hotels, offices & mixed-use. Prelim feasibility shows 140-195 unit apartment and commercial space mixed-use or 350-600 hotel rooms in mid-to-high rise buildings. Close to I-5, SeaTac, schools, shops, and parks.

Last Agent to Sell the Property

Janice Cai

Windermere Bellevue Commons License #117062 Listed on: 03/09/2020

Windermere Bellevue Commons

Last Buyer's Agent

Janice Cai

Windermere Bellevue Commons License #117062 Listed on: 03/09/2020

Windermere Bellevue Commons

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1572519

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $50,396

Lot Details

  • Corner Lot
  • Level Lot

Additional Features

  • Limited Views
  • Sewer in Street

Community Details

  • Des Moines Community

Listing and Financial Details

  • Assessor Parcel Number 2156400269

Property Details

Property Type

Land

Est. Annual Taxes

$50,396

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Brush, Evergreens
  • Style: 43 - Comm/Industrial
  • Restrictions: No Restrictions
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: Paved
  • View: Partial
  • Water Jurisdiction: Highline Water District

Utilities

  • Electricity: In Street
  • Gas Available: In Street
  • Sewer: In Street
  • Water: In Street

Condo/Co-op/Association

  • Community Name: Des Moines
  • Project: East Des Moines Five-Acre Tract

Schools

  • Elementary School: Madrona Elem
  • Middle School: Chinook Mid
  • High School: Tyee High
  • School District: HGL

Lot Info

  • General Zoning Classification: Business, Commercial, Multi-Family, Office, Retail
  • Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
  • Lot Sq Ft: 48883
  • Parcel Number: 2156400269
  • Topography: Level
  • Zoning Jurisdiction: City
  • Zoning Remarks: PR-C

Tax Info

  • Tax Amount: 17733

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
Northwest Qsr Re Owner I Llc
Bought by
Ssa Llc
Current Estimated Value
$8,423,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Outstanding Balance
$3,844,131
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$4,516,241

Purchase Details

Closed on
Sep 29, 2021
Sold by
Ambrosia Qsr Chicken Real Estate Llc
Bought by
Northwest Qsr Owner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,660,714
Interest Rate
3.55%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 9, 2020
Closed on
Jun 27, 2021
Sold by
Acii Llc
Bought by
Ambrosia Qsr Burger Real Estate Llc
Seller's Agent
Janice Cai
Windermere Bellevue Commons
Buyer's Agent
Janice Cai
Windermere Bellevue Commons
List Price
$1,580,000
Sold Price
$1,498,490
Premium/Discount to List
-$81,510
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.40%

Purchase Details

Closed on
May 26, 2015
Sold by
Aacw Investments Llc
Bought by
Acii Llc

Purchase Details

Closed on
Nov 20, 2014
Sold by
Aacw Investments Llc
Bought by
Breslin Properties Llc

Purchase Details

Closed on
Apr 28, 2006
Sold by
Breslin Des Moines Llc
Bought by
Aacw Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Interest Rate
6.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2003
Sold by
Breslin Christopher J and Breslin Cheryl D
Bought by
Breslin Des Moines Llc

Purchase Details

Closed on
Jul 5, 2002
Sold by
Breslin Christopher J and Breslin Cheryl D
Bought by
City Of Des Moines

Purchase Details

Closed on
Apr 1, 1998
Sold by
Whitecotton William and Whitecotten William
Bought by
Breslin Christopher J and Breslin Cheryl D

Purchase Details

Closed on
May 2, 1994
Sold by
Woldman J Michael
Bought by
Whitecotten William and Whitecotton Lisa M

Purchase Details

Closed on
Mar 26, 1987
Sold by
Phillips Kenneth M and Phillips Robin C
Bought by
Proffitti Berkely J and Proffitti Kimberly A
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
Ssa Llc $8,009,002 First American Title
Northwest Qsr Owner Llc $5,014,285 Fidelity National Title
Ambrosia Qsr Burger Real Estate Llc $1,498,490 Old Republic Title Ltd
Acii Llc $1,000,000 Fidelity Natio
Breslin Properties Llc $786,611 None Available
Aacw Investments Llc $977,660 Old Republic T
Breslin Des Moines Llc -- --
City Of Des Moines $40,076 Pacific Northwest Title
Breslin Christopher J $708,625 First American
Whitecotten William $341,226 First American Title
Proffitti Berkely J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambrosia Qsr Chicken Llc $4,000,000
Previous Owner Northwest Qsr Re Owner I Llc $13,660,714
Previous Owner Aacw Investments Llc $702,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2021 07/07/21 Sold $1,498,490 -5.2% --
07/09/2020 07/09/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $1,580,000 -- --
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 $50,396 $4,279,000 $1,955,300 $2,323,700
2023 $52,215 $4,188,000 $1,466,400 $2,721,600
2022 $19,261 $3,732,800 $1,368,700 $2,364,100
2021 $19,867 $1,222,000 $1,222,000 $0
2020 $18,977 $1,222,000 $1,222,000 $0
2018 $19,966 $1,174,100 $1,173,100 $1,000
2017 $19,620 $1,174,100 $1,173,100 $1,000
2016 $16,464 $1,174,100 $1,173,100 $1,000
2015 $16,245 $978,600 $977,600 $1,000
2014 -- $978,600 $977,600 $1,000
2013 -- $978,600 $977,600 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1572519

Northwest Multiple Listing Service (NWMLS)

APN: 215640-0269