Listed by The Foundation Group LLC, Bought with AgencyOne
$1,017,000
SOLD SEP 12, 2014
-- Bed
-- Bath
3,888 Sq Ft
5,250 Sq Ft Lot

Recently Sold

$262 Per Sq Ft

5% Below List Price

10 Days on Market

About This Home

As of September 2021

Very well maintained 4-unit building. The current owner has held the building since the 70's and has continually updated the building throughout the years. The units have great layouts and gives the new owner an opportunity to take advantage of the growing Interbay neighborhood of Queen Anne.

There is significantly rent upside for the new buyer.

Last Agent to Sell the Property

Aaron Locke

The Foundation Group LLC License #107646 Listed on: 08/04/2014

Last Buyer's Agent

Quan To

AgencyOne License #93849

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 677319

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,452

Year Built

  • Built in 1962

Lot Details

  • 5,250 Sq Ft Lot

Property Views

  • Views of a Sound
  • Territorial
  • Limited

Home Design

  • Quadruplex
  • Bitumen Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,888 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • Open Parking

Community Details

  • Interbay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2771601305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,452

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3888
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 329

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Torch Down
  • View: Partial, Sound, Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4000

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2771601305
  • Lot Size Acres: 0.1205
  • Lot Size Sq Ft: 5250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: parcel viewer

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4983

Multi Family

  • Gross Scheduled Income: 59796
  • Net Operating Income: 47244
  • Number Of Units Total: 4
  • Insurance Expense: 1100
  • Leasable Area: 3200
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 7452

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2024
Sold by
Deng Chengying
Bought by
Wu Wanglan
Current Estimated Value
$1,614,272

Purchase Details

Listed on
Jul 12, 2021
Closed on
Sep 18, 2021
Sold by
Tsang George C and Tsang Shirley H
Bought by
Deng Chengying
Seller's Agent
Quan To
AgencyOne
Buyer's Agent
Chengying Deng
Kelly Right RE of Seattle LLC
List Price
$1,790,000
Sold Price
$1,600,000
Premium/Discount to List
-$190,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%
Original Mortgage
$1,232,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 4, 2014
Closed on
Sep 4, 2014
Sold by
Cravens Vincent S
Bought by
Tsang George C and Tsang Shirley H
Seller's Agent
Aaron Locke
The Foundation Group LLC
Buyer's Agent
Quan To
AgencyOne
List Price
$1,075,000
Sold Price
$1,017,000
Premium/Discount to List
-$58,000
-5.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Original Mortgage
$698,750
Interest Rate
4.09%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $313 None Listed On Document
Warranty Deed $1,600,000 Wfg Natl Ttl Co Of Wa Llc
Warranty Deed $1,016,400 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,232,250 New Conventional
Previous Owner $698,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2021 09/20/21 Sold $1,600,000 -10.6% $434 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $1,790,000 +76.0% $485 / Sq Ft
09/12/2014 09/12/14 Sold $1,017,000 -5.4% $262 / Sq Ft
08/15/2014 08/15/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $1,075,000 -- $276 / 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 $15,536 $1,583,000 $1,233,700 $349,300
2023 $15,666 $1,631,000 $1,233,700 $397,300
2022 $12,773 $1,584,000 $1,239,000 $345,000
2021 $15,152 $1,356,000 $1,239,000 $117,000
2020 $14,559 $1,547,000 $1,239,000 $308,000
2018 $12,614 $1,311,000 $1,128,700 $182,300
2017 $10,705 $1,256,000 $813,700 $442,300
2016 $8,361 $1,098,000 $577,500 $520,500
2015 -- $841,000 $525,000 $316,000
2014 -- $738,000 $498,700 $239,300
2013 -- $694,000 $446,200 $247,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 677319

Northwest Multiple Listing Service (NWMLS)

APN: 277160-1305