Listed by KW Greater Seattle, Bought with RE/MAX Realty South
$875,000
SOLD MAY 3, 2021
-- Bed
-- Bath
3,196 Sq Ft
8,250 Sq Ft Lot

Recently Sold

$274 Per Sq Ft

3% Above List Price

39 Days on Market

Highlights

  • Deck
  • Limited Views
  • Wood Siding
  • Corner Lot

About This Home

As of May 2023

Located near the proposed light rail station and other transit centers, this 4-plex has undergone over $25K in recent improvements including new exterior paint. Each unit has 2 bedrooms, 1 bathroom, 799 square feet, exterior deck and access to building’s coin-op laundry. One vacant unit being held open for viewings and possible owner-occupancy.

Last Agent to Sell the Property

Jesse Moore

KW Greater Seattle License #84276 Listed on: 03/25/2021

KW Greater Seattle

Last Buyer's Agent

Rebecca Drew

RE/MAX Realty South License #124053

RE/MAX Realty South

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1746762

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,780

Year Built

  • Built in 1979

Lot Details

  • 8,250 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,196 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Limited Views

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Midway Intermed Elementary School
  • Pacific Mid Middle School
  • Mount Rainier High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Federal Hwy Add Condos
  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2500600150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,780

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Federal Hwy Add
  • New Construction: No
  • CalculatedSquareFootage: 3196
  • Special Features: None
  • Cumulative Days on Market: 296

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Partial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Midway Sewer
  • WaterCompany: Highline Water District
  • WaterSewerGarbage: 4523

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Highline
  • High School: Mount Rainier High
  • Middle Or Junior School: Pacific Mid

Lot Info

  • Parcel Number: 2500600150
  • Lot Size Acres: 0.1894
  • Lot Size Sq Ft: 8250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5487

Multi Family

  • Gross Scheduled Income: 65844
  • Net Operating Income: 45076
  • Number Of Units Total: 4
  • Electric Expense: 889
  • Insurance Expense: 1484
  • Leasable Area: 3196
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8780

MLS Schools

  • Elementary School: Midway Intermed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
May 11, 2023
Sold by
Arsheed Sammy
Bought by
Cardenas Jose Antonio Mart and Moreno Anita Elias
Seller's Agent
Rebecca Drew
RE/MAX Realty South
Buyer's Agent
Brent Madche
The Preview Group
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%
Views
208
Current Estimated Value
$1,025,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,268
Avg. Annual Appreciation
0.72%
Original Mortgage
$720,000
Outstanding Balance
$703,414
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$311,638

Purchase Details

Listed on
Mar 25, 2021
Closed on
Apr 29, 2021
Sold by
Samarah Snarlyn
Bought by
Arsheed Joni
Seller's Agent
Jesse Moore
KW Greater Seattle
Buyer's Agent
Rebecca Drew
RE/MAX Realty South
List Price
$850,000
Sold Price
$875,000
Premium/Discount to List
$25,000
2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$525,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 11, 2017
Closed on
Aug 15, 2017
Sold by
Luu Phung and Nguyen Hieu Q
Bought by
Moore Jesse D and Touchette Cody
Seller's Agent
Daveene McRae
eXp Realty
Buyer's Agent
Jesse Moore
KW Greater Seattle
List Price
$599,950
Sold Price
$560,000
Premium/Discount to List
-$39,950
-6.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.82%
Original Mortgage
$420,000
Interest Rate
3.96%

Purchase Details

Closed on
Feb 4, 2005
Sold by
Buttitta James J and Buttitta Susan G
Bought by
Nguyen Hieu Q and Luu Phung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
2.25%

Purchase Details

Closed on
May 29, 2002
Sold by
Dahmer Glenn E
Bought by
Buttitta James J and Buttitta Susan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.89%

Purchase Details

Closed on
Mar 26, 1997
Sold by
Johnson Sunan
Bought by
Dahmer Glenn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,182
Interest Rate
7.63%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $1,000,000 Equity Title
Quit Claim Deed -- Wfg National Title
Interfamily Deed Transfer -- None Available
Warranty Deed $875,000 Wfg National Title
Warranty Deed $560,000 Wfg Natl Title
Warranty Deed $438,000 Chicago Title
Warranty Deed $310,000 Transnation Title Insurance
Warranty Deed $180,000 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 New Conventional
Previous Owner $525,000 New Conventional
Previous Owner $420,000 No Value Available
Previous Owner $341,000 No Value Available
Previous Owner $345,000 No Value Available
Previous Owner $328,500 No Value Available
Previous Owner $248,000 No Value Available
Previous Owner $174,182 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2023 05/23/23 Sold $1,000,000 -4.8% $313 / Sq Ft
04/08/2023 04/08/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $1,050,000 0.0% $329 / Sq Ft
04/01/2023 04/01/23 Pending -- -- --
03/10/2023 03/10/23 Price Changed $1,050,000 -2.3% $329 / Sq Ft
02/24/2023 02/24/23 For Sale $1,075,000 +22.9% $336 / Sq Ft
05/03/2021 05/03/21 Sold $875,000 +2.9% $274 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $850,000 +51.8% $266 / Sq Ft
08/22/2017 08/22/17 Sold $560,000 -6.7% $175 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
06/20/2017 06/20/17 For Sale $599,950 0.0% $188 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $599,950 0.0% $188 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $599,950 -- $188 / 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 $9,308 $783,000 $240,000 $543,000
2023 $9,706 $971,000 $206,200 $764,800
2022 $10,505 $849,000 $206,200 $642,800
2021 $9,975 $813,000 $156,700 $656,300
2020 $8,780 $731,000 $156,700 $574,300
2018 $7,079 $561,000 $148,500 $412,500
2017 $5,900 $472,000 $123,700 $348,300
2016 $5,723 $394,000 $123,700 $270,300
2015 -- $390,000 $75,000 $315,000
2014 -- $347,000 $79,000 $268,000
2013 -- $360,000 $79,000 $281,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1746762

Northwest Multiple Listing Service (NWMLS)

APN: 250060-0150