NOT LISTED FOR SALE

Estimated Value: $990,917 - $1,085,000

8 Beds
4 Baths
4,050 Sq Ft
$258/Sq Ft Est. Value

Last Sold April 11, 2017

Last sale price $540,000 $133 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $6,452/month

356 Days on Market

Highlights

  • Views of a Sound
  • Thermal Windows
  • Wall to Wall Carpet
  • Deck
  • Wood Siding
  • 4-minute walk to Parkside Park

About This Home

As of April 2017

4 plex is across from Highline Community College. Sound View in top units. All units have their own W/D and dishwasher + there is good private parking on the lot. Rents are below market for investor upside ++ Please do not Disturb Tenants++ View inside of units only with a mutual accepted offer. Just minutes to light rail, freeways, airport.

Last Agent to Sell the Property

Larry Nordberg

Keller Williams Realty PS License #26944 Listed on: 02/12/2016

Keller Williams Realty PS

Last Buyer's Agent

Larry Nordberg

Keller Williams Realty PS License #26944 Listed on: 02/12/2016

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 896556

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,150

Year Built

  • Built in 1967

Lot Details

  • 10,575 Sq Ft Lot
  • Property is in average condition

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Quadruplex
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 4,050 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Highline Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3600600040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,150

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4050
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Torch Down
  • View: Sound, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stone, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 3600

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 3600600040
  • Lot Size Acres: 0.2428
  • Lot Size Sq Ft: 10575
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: tax
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 35
  • LeasedItems: None
  • TotalMonthlyIncome: 4385

Multi Family

  • Gross Scheduled Income: 15660
  • Net Operating Income: 5272
  • Number Of Units Total: 4
  • Insurance Expense: 1638
  • Leasable Area: 4000
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2016
Closed on
Apr 5, 2017
Sold by
Sarrett Enterprieses Inc
Bought by
24021 25Th Ave S Llc
Seller's Agent
Larry Nordberg
Keller Williams Realty PS
Buyer's Agent
Larry Nordberg
Keller Williams Realty PS
List Price
$550,000
Sold Price
$540,000
Premium/Discount to List
-$10,000
-1.82%
Current Estimated Value
$1,046,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,479
Avg. Annual Appreciation
7.64%
Original Mortgage
$405,000
Outstanding Balance
$340,539
Interest Rate
4.16%
Estimated Equity
$664,582

Purchase Details

Listed on
Feb 12, 2016
Closed on
Feb 10, 2017
Sold by
Sarrett Gary R and Sarrett Wendy
Bought by
Sarrett Enterprises Inc
Seller's Agent
Larry Nordberg
Keller Williams Realty PS
Buyer's Agent
Larry Nordberg
Keller Williams Realty PS
List Price
$550,000
Sold Price
$540,000
Premium/Discount to List
-$10,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$340,539
Interest Rate
4.16%
Estimated Equity
$664,582

Purchase Details

Closed on
Oct 24, 1985
Sold by
Bennett James R and Bennett Annabelle M
Bought by
Sarrett Gary and Sarrett Wendy
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
24021 25Th Ave S Llc $540,000 Cw Title Co
Sarrett Enterprises Inc -- Cw Title Co
Sarrett Gary $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 24021 25Th Ave S Llc $405,000
Previous Owner Sarrett Enterprises Inc $72,000
Previous Owner Sarrett Gary $344,200
Previous Owner Sarrett Gary $352,500
Previous Owner Sarrett Gary R $315,000
Previous Owner Sarrett Gary $220,500
Previous Owner Sarrett Gary $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2017 04/11/17 Sold $540,000 -1.8% $133 / Sq Ft
02/07/2017 02/07/17 Pending -- -- --
02/16/2016 02/16/16 For Sale $550,000 -- $136 / 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 $10,529 $878,000 $200,000 $678,000
2023 $10,097 $848,000 $150,000 $698,000
2022 $10,163 $875,000 $130,000 $745,000
2021 $10,199 $777,000 $120,000 $657,000
2020 $9,669 $741,000 $120,000 $621,000
2018 $6,861 $538,000 $85,000 $453,000
2017 $5,948 $451,000 $80,000 $371,000
2016 $5,822 $392,000 $80,000 $312,000
2015 $5,150 $392,000 $80,000 $312,000
2014 -- $342,000 $80,000 $262,000
2013 -- $378,000 $79,000 $299,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 896556

Northwest Multiple Listing Service (NWMLS)

APN: 360060-0040