NOT LISTED FOR SALE

Estimated Value: $1,529,000 - $2,054,000

-- Bed
-- Bath
4,150 Sq Ft
$433/Sq Ft Est. Value

Last Sold September 27, 2012

Last sale price $685,000 $165 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $10,473/month

10 Days on Market

Highlights

  • Wood Siding
  • Odle Middle School Rated A
  • 1-Story Property

About This Home

As of September 2012

Constructed in 1969 and has been well maintained and improved. Current renovations to the units include all new kitchens, carpet or vinyl, appliance packages, new roofs and the addition of washer and dryer hook-ups. The current owner operates this property with rents well below market rates. The new owner may decide to take advantage of the rental market and capitalize on the improvements to the units by operating this property as a market rate.

Last Listed By

Eric Smith

Paragon Real Estate Advisors License #3434 Listed on: 07/12/2012

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 380834

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,628

Year Built

  • Built in 1969

Lot Details

  • 8,149 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 4,150 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Community Details

  • Bellevue Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2460300050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,628

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 4150
  • Special Features: None
  • Cumulative Days on Market: 279

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3629

Schools

  • Junior High Dist: Bellevue

Lot Info

  • Parcel Number: 2460300050
  • Lot Size Acres: 0.1871
  • Lot Size Sq Ft: 8149
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3715

Multi Family

  • Gross Scheduled Income: 44580
  • Net Operating Income: 30127
  • Number Of Units Total: 4
  • Insurance Expense: 750
  • Leasable Area: 4150
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2012
  • Tax Annual Amount: 5628

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2012
Closed on
Sep 25, 2012
Sold by
Huhs Roy E and Huhs Maryann
Bought by
Zhao Lue Ping and Huang Zhao Yisu
List Price
$690,000
Sold Price
$685,000
Premium/Discount to List
-$5,000
-0.72%
Total Days on Market
10
Current Estimated Value
$1,795,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,110,559
Avg. Annual Appreciation
8.37%
Original Mortgage
$479,500
Outstanding Balance
$339,136
Interest Rate
3.59%
Estimated Equity
$1,558,329

Purchase Details

Listed on
Jul 12, 2012
Closed on
Aug 16, 2012
Sold by
Huhs Michael Edward
Bought by
Huhs Roy E and Huhs Maryann
List Price
$690,000
Sold Price
$685,000
Premium/Discount to List
-$5,000
-0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Outstanding Balance
$339,136
Interest Rate
3.59%
Estimated Equity
$1,558,329

Purchase Details

Listed on
Jul 12, 2012
Closed on
Aug 14, 2012
Sold by
Huhs John David
Bought by
Huhs Roy E and Huhs Maryann
List Price
$690,000
Sold Price
$685,000
Premium/Discount to List
-$5,000
-0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Outstanding Balance
$339,136
Interest Rate
3.59%
Estimated Equity
$1,558,329

Purchase Details

Closed on
Jul 15, 2010
Sold by
Huhs Roy E and Huhs Maryann
Bought by
Nv Apartments Llc

Purchase Details

Closed on
Nov 14, 2003
Sold by
Huhs Maryann
Bought by
Huhs Michael Edward
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
Zhao Lue Ping $685,000 First American
Huhs Roy E -- None Available
Huhs Roy E -- None Available
Nv Apartments Llc -- None Available
Huhs Michael Edward -- --
Huhs John David -- --
Huhs Michael Edward -- --
Huhs John David -- --
Huhs Roy E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Lue Ping $479,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2012 09/27/12 Sold $685,000 -0.7% $165 / Sq Ft
07/23/2012 07/23/12 Pending -- -- --
07/12/2012 07/12/12 For Sale $690,000 -- $166 / 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 $11,331 $1,544,000 $317,800 $1,226,200
2023 $13,021 $1,665,000 $293,300 $1,371,700
2022 $12,318 $1,635,000 $285,200 $1,349,800
2021 $13,313 $1,500,000 $268,900 $1,231,100
2020 $11,379 $1,503,000 $268,900 $1,234,100
2018 $8,288 $1,060,000 $260,700 $799,300
2017 $7,268 $900,000 $260,700 $639,300
2016 $7,093 $832,000 $260,700 $571,300
2015 -- $806,000 $244,400 $561,600
2014 -- $767,000 $171,100 $595,900
2013 -- $689,000 $146,600 $542,400
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 380834

Northwest Multiple Listing Service (NWMLS)

APN: 246030-0050