Listed by Windermere RE North, Inc., Bought with eLink Realty
NOT LISTED FOR SALE

Estimated Value: $783,000 - $945,000

4 Beds
2 Baths
1,622 Sq Ft
$525/Sq Ft Est. Value

Last Sold April 24, 2017

Last sale price $511,000 $315 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,993/month

6 Days on Market

Highlights

  • Territorial View
  • Property is in very good condition
  • Wood Siding
  • Patio
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of April 2017

MR-zoned parcel with cash flow producing duplex! Updated units are ideal for immediate cash flow with potential to up-zone and develop the parcel. Quarter-acre lot is rectangular with great potential for SFR or townhome development. Units are clean; Unit B newly remodeled this year. Each unit has attached 1-car garage. Low maintenance 1-story structure. Excellent proximity to Alderwood business district, I-5 and 405.

Last Agent to Sell the Property

Casey Bui

Windermere RE North, Inc. License #17838 Listed on: 03/22/2017

Windermere RE North, Inc.

Last Buyer's Agent

Sam Chui

eLink Realty License #52354

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1077659

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,923

Year Built

  • Built in 1968

Lot Details

  • 0.27 Acre Lot
  • Partially Fenced Property
  • Value in Land
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,622 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Community Details

  • Alderwood Manor 06 Condos
  • Alderwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00373100600116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,923

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Alderwood Manor 06
  • New Construction: No
  • CalculatedSquareFootage: 1622
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecuritySystem, FullyFenced
  • Utilities: Sewer Connected, Electric
  • SewerCompany: Alderwood Water & Wastewater
  • WaterCompany: Alderwood Water & Wastewater
  • WaterSewerGarbage: 1170

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Edmonds
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00373100600116
  • Lot Size Acres: 0.27
  • Lot Size Sq Ft: 11761
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: See Remarks
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2400

Multi Family

  • Gross Scheduled Income: 28800
  • Net Operating Income: 24059
  • Number Of Units Total: 2
  • Insurance Expense: 648
  • Leasable Area: 1622
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 2923

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2017
Closed on
Apr 18, 2017
Sold by
Trafton Katherine A and Birkner Katherine A
Bought by
Zhang Sufen
Seller's Agent
Casey Bui
Windermere RE North, Inc.
Buyer's Agent
Sam Chui
eLink Realty
List Price
$446,399
Sold Price
$511,000
Premium/Discount to List
$64,601
14.47%
Current Estimated Value
$851,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,397
Avg. Annual Appreciation
6.00%

Purchase Details

Closed on
Dec 10, 2004
Sold by
Atkinson Juliana R
Bought by
Golden Creek Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2004
Sold by
H&H Real Estate Llc
Bought by
Birkner Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,600
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 1998
Sold by
Friebe Harold F and Friebe Harald
Bought by
H & H Real Estate Llc

Purchase Details

Closed on
Mar 27, 1995
Sold by
Johns Friebe Linda A
Bought by
Friebe Harold F
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
Zhang Sufen $511,000 Cw Title
Golden Creek Place Llc $531,550 Chicago Title
Birkner Katherine A $239,500 Stewart Title
H & H Real Estate Llc -- --
Friebe Harold F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lawrence Katherine A $193,500
Previous Owner Golden Creek Place Llc $450,000
Previous Owner Birkner Katherine A $191,600
Closed Birkner Katherine A $23,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2017 04/24/17 Sold $511,000 +14.5% $315 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
03/22/2017 03/22/17 For Sale $446,399 -- $275 / 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
2025 $5,479 $693,200 $493,700 $199,500
2024 $5,479 $640,400 $438,000 $202,400
2023 $4,911 $595,500 $410,000 $185,500
2022 $5,959 $598,000 $270,000 $328,000
2020 $5,893 $523,000 $215,000 $308,000
2019 $5,448 $480,000 $189,000 $291,000
2018 $3,715 $282,000 $179,000 $103,000
2017 $3,232 $252,000 $175,000 $77,000
2016 $2,923 $227,000 $133,000 $94,000
2015 $2,714 $199,000 $127,000 $72,000
2013 $2,591 $180,000 $127,000 $53,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1077659

Northwest Multiple Listing Service (NWMLS)

APN: 003731-006-001-16