Listed by Paragon Real Estate Advisors, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $1,373,000 - $1,858,440

8 Beds
6 Baths
4,650 Sq Ft
$371/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $1,300,000 $280 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $10,492/month

32 Days on Market

About This Home

As of February 2020

The Northgate Fourplex is comprised of four, well-maintained townhouse-style units averaging 1,160 square feet in size. An investor can capitalize on rental upside with minor cosmetic upgrades to the kitchens and bathrooms. The property is perfect for an owner-occupier to benefit from the income of three units while living in the stand-alone two-bedroom, one-bathroom unit accompanied by two parking garages.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 12/16/2019

Co-Listed By

Brian Platt

Paragon Real Estate Advisors License #85375

Last Buyer's Agent

Lee Jennings

eXp Realty License #27514

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1552086

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,450

Year Built

  • Built in 1981

Lot Details

  • 0.26 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Wood Siding

Interior Spaces

  • 4,650 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Community Details

  • Northgate Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6781200055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,450

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1981
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4650
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: See Remarks
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4800

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6781200055
  • Lot Size Acres: 0.2636
  • Lot Size Sq Ft: 11483
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 6200

Multi Family

  • Gross Scheduled Income: 74400
  • Net Operating Income: 50046
  • Number Of Units Total: 4
  • Insurance Expense: 1472
  • Leasable Area: 4650
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 13450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2020
Sold by
Hardy Robert
Bought by
Long Christina and B And J Griffiths Family Trust
Current Estimated Value
$1,723,860

Purchase Details

Listed on
Dec 16, 2019
Closed on
Feb 7, 2020
Sold by
Williams Simon H and Williams Kim E
Bought by
Zordell Johnathan Lucas
Seller's Agent
Michael Urquhart
Paragon Real Estate Advisors
Buyer's Agent
Lee Jennings
eXp Realty
List Price
$1,275,000
Sold Price
$1,300,000
Premium/Discount to List
$25,000
1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.11%
Original Mortgage
$1,300,000
Interest Rate
3.72%
Mortgage Type
VA

Purchase Details

Closed on
Dec 10, 2012
Sold by
Knox Thomas J and Knox Denise Y
Bought by
Williams Simon H and Williams Kim E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 1992
Sold by
Laycock Larry G
Bought by
Knox Thomas and Knox Denise+Christensen
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
Long Christina $20,000 None Available
Zordell Johnathan Lucas $1,300,000 Chicago Title
Williams Simon H $499,349 Old Republic T
Knox Thomas $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zordell Johnathan Lucas $1,300,000
Previous Owner Williams Simon H $455,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $1,300,000 +2.0% $280 / Sq Ft
01/17/2020 01/17/20 Pending -- -- --
12/16/2019 12/16/19 For Sale $1,275,000 -- $274 / 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 $16,232 $1,590,000 $795,000 $795,000
2023 $16,638 $1,770,000 $901,000 $869,000
2022 $15,953 $1,878,000 $805,000 $1,073,000
2021 $14,233 $1,658,000 $733,000 $925,000
2020 $14,237 $1,397,000 $611,000 $786,000
2018 $10,451 $1,496,000 $586,000 $910,000
2017 $8,617 $989,000 $474,000 $515,000
2016 $8,024 $834,000 $399,000 $435,000
2015 $7,048 $759,000 $363,000 $396,000
2014 -- $680,000 $325,000 $355,000
2013 -- $618,000 $310,000 $308,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1552086

Northwest Multiple Listing Service (NWMLS)

APN: 678120-0055