NOT LISTED FOR SALE

Estimated Value: $1,040,000 - $1,153,278

8 Beds
4 Baths
3,628 Sq Ft
$302/Sq Ft Est. Value

Last Sold February 25, 2021

Last sale price $900,000 $248 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,995/month

51 Days on Market

Highlights

  • Deck
  • Vinyl Plank Flooring
  • 4-minute walk to Parkside Park
  • Patio

About This Home

As of February 2021

Cash-flowing 4-plex! Walking distance to Highline College and Des Moines Light Rail station (2023). All 4 units are rented; each has 907 SF, 2 beds / 1.75 baths, D/W, W/D, master suites, fireplaces, storage and private outdoor space. 8 parking spaces. New roof. Do not disturb tenants.

Last Agent to Sell the Property

David Leon

Skyline Properties, Inc. License #108325 Listed on: 11/29/2020

Skyline Properties, Inc.

Last Buyer's Agent

Jose Ferrer

Better Properties NW License #85771

Better Properties NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1693504

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,180

Year Built

  • Built in 1984

Lot Details

  • 7,680 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Stucco
  • Wood Composite

Interior Spaces

  • 3,628 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3603000151

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,180

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1984
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3628
  • Special Features: None
  • Cumulative Days on Market: 322

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood Products
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Midway
  • WaterCompany: Highline
  • WaterSewerGarbage: 5659

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 3603000151
  • Lot Size Acres: 0.1763
  • Lot Size Sq Ft: 7680
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Patio
  • MLSLotSizeSource: Tax Assessor

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5650

Multi Family

  • Gross Scheduled Income: 67800
  • Net Operating Income: 46265
  • Number Of Units Total: 4
  • Electric Expense: 571
  • Insurance Expense: 2026
  • Leasable Area: 3628
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 9180

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2020
Closed on
Feb 18, 2021
Sold by
Mohammed Najeh and Sukprasert Acharawan
Bought by
Sukprasert Acharawan
Seller's Agent
David Leon
Skyline Properties, Inc.
Buyer's Agent
Jose Ferrer
Better Properties NW
List Price
$899,990
Sold Price
$900,000
Premium/Discount to List
$10
0.001%
Total Days on Market
51
Current Estimated Value
$1,096,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,639
Avg. Annual Appreciation
4.75%
Original Mortgage
$675,000
Outstanding Balance
$611,925
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$485,998

Purchase Details

Listed on
Nov 29, 2020
Closed on
Feb 12, 2021
Sold by
Tahoma Real Estate 1 Llc
Bought by
Sukprasert Acharawan
Seller's Agent
David Leon
Skyline Properties, Inc.
Buyer's Agent
Jose Ferrer
Better Properties NW
List Price
$899,990
Sold Price
$900,000
Premium/Discount to List
$10
0.001%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$611,925
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$485,998

Purchase Details

Listed on
Aug 22, 2018
Closed on
Jan 23, 2019
Sold by
Fliep Mike Rung and Diep Lisa
Bought by
Tahoma Real Estate 1 Llc
Seller's Agent
Trina Tuyet Luong
Keller Williams Rlty Bellevue
Buyer's Agent
Trina Tuyet Luong
Keller Williams Rlty Bellevue
List Price
$775,000
Sold Price
$742,375
Premium/Discount to List
-$32,625
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$536,250
Interest Rate
4.6%

Purchase Details

Closed on
Dec 26, 2008
Sold by
Segall Joan B
Bought by
Huynh Raymond and Huynh Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,682
Interest Rate
6.03%

Purchase Details

Closed on
Feb 1, 2006
Sold by
Nguyen Bao Xuan
Bought by
Segall Joan B and Joan B Segall Trust

Purchase Details

Closed on
Sep 14, 2004
Sold by
Le Hong Nhung Thi
Bought by
Nguyen Bao Xuan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.94%

Purchase Details

Closed on
Mar 13, 1998
Sold by
Dau Sinh and Nguyen Huong
Bought by
Nguyen Cu and Nguyen Thien

Purchase Details

Closed on
May 29, 1992
Sold by
Jurgensen Roy D and Beth Ellen
Bought by
Dau Sinh and Houng+Nguyen Cu+Thien

Purchase Details

Closed on
Jun 10, 1983
Sold by
Rosenblum Mark J $T
Bought by
Home Savings & Loan Associatio
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 Buyer Sale Price Title Company
Sukprasert Acharawan -- First American Title Company
Sukprasert Acharawan $900,000 First American Title
Tahoma Real Estate 1 Llc $742,375 Ticor Title
Huynh Raymond $485,000 Chicago Title
Segall Joan B $448,000 Fidelity Natio
Nguyen Bao Xuan -- Old Republic T
Nguyen Bao Xuan $390,000 Old Republic T
Nguyen Cu -- Chicago Title Insurance Co
Dau Sinh $217,500 --
Home Savings & Loan Associatio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sukprasert Acharawan $675,000
Previous Owner Tahoma Real Estate 1 Llc $536,250
Previous Owner Huynh Raymond $454,272
Previous Owner Huynh Raymond $478,682
Previous Owner Nguyen Bao Xuan $351,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Sold $900,000 +2.3% $248 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
01/14/2021 01/14/21 Price Changed $880,000 -2.2% $243 / Sq Ft
12/23/2020 12/23/20 For Sale $899,990 0.0% $248 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
11/29/2020 11/29/20 For Sale $899,990 +21.2% $248 / Sq Ft
01/25/2019 01/25/19 Sold $742,375 -4.2% $205 / Sq Ft
11/13/2018 11/13/18 Pending -- -- --
10/15/2018 10/15/18 For Sale $775,000 0.0% $214 / Sq Ft
09/29/2018 09/29/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $775,000 +16.5% $214 / Sq Ft
04/30/2018 04/30/18 Sold $665,000 -1.5% $183 / Sq Ft
03/29/2018 03/29/18 Price Changed $675,000 +3.9% $186 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $649,950 -- $179 / 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 $10,063 $862,000 $200,000 $662,000
2023 $9,820 $900,000 $150,000 $750,000
2022 $9,927 $871,000 $130,000 $741,000
2021 $9,482 $775,000 $120,000 $655,000
2020 $9,181 $701,000 $120,000 $581,000
2018 $7,005 $582,000 $80,000 $502,000
2017 $6,083 $473,000 $75,000 $398,000
2016 $5,259 $413,000 $75,000 $338,000
2015 $5,272 $362,000 $79,000 $283,000
2014 -- $360,000 $79,000 $281,000
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: 1693504

Northwest Multiple Listing Service (NWMLS)

APN: 360300-0151