Listed by John L. Scott, Inc., Bought with Best Choice Network LLC
$350,000
SOLD DEC 28, 2018
-- Bed
-- Bath
2,490 Sq Ft
6,353 Sq Ft Lot

Recently Sold

$141 Per Sq Ft

12% Below List Price

14 Days on Market

Highlights

  • Deck
  • Ceramic Tile Flooring
  • Wood Siding
  • Thermal Windows

About This Home

As of November 2024

Fully Rented Duplex just minutes to downtown Seattle. Close to SeaTac Airport, light rail, and centrally located to highways I-5 and 405, 99 and 509, and yet privately tucked away. This duplex has had no vacancy during seller's ownership and has proven to be an easy to maintain asset. Duplex features plenty of parking which the tenants love. Units have individual electric meters. Cap rate is 7% Amazing Opportunity!

Last Agent to Sell the Property

Lori Bixler

John L. Scott, Inc. License #104603 Listed on: 10/24/2018

John L. Scott, Inc.

Last Buyer's Agent

Sarah Noet

Best Choice Network LLC License #110182

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1377139

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,452

Year Built

  • Built in 1942

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,490 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • 6,353 Sq Ft Lot

Community Details

  • Tukwila Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0257000099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,452

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1942
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2490
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 330

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Valley View Sewer
  • WaterCompany: Water District 20
  • WaterSewerGarbage: 2258

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 0257000099
  • Lot Size Acres: 0.1458
  • Lot Size Sq Ft: 6353
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3060

Multi Family

  • Gross Scheduled Income: 36720
  • Net Operating Income: 27963
  • Number Of Units Total: 2
  • Insurance Expense: 844
  • Leasable Area: 2490
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3452

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2024
Closed on
Nov 22, 2024
Sold by
Kifle Henok and Gladney Tevin A
Bought by
Liang Xiao
Seller's Agent
Tevin Gladney
Designed Realty
Buyer's Agent
David Pichler
Real Broker LLC
List Price
$675,000
Sold Price
$673,000
Premium/Discount to List
-$2,000
-0.3%
Views
25
Current Estimated Value
$690,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,512
Avg. Annual Appreciation
4.23%
Original Mortgage
$605,970
Outstanding Balance
$603,683
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$86,829

Purchase Details

Listed on
Oct 24, 2018
Closed on
Dec 26, 2018
Sold by
Jones Jeremy and Jones Nicholas
Bought by
5 Star Homes Llc
Seller's Agent
Lori Bixler
John L. Scott, Inc.
Buyer's Agent
Sarah Noet
Best Choice Network LLC
List Price
$399,950
Sold Price
$350,000
Premium/Discount to List
-$49,950
-12.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.68%

Purchase Details

Closed on
Sep 13, 2012
Sold by
Eastside Funding Llc
Bought by
Jones Jeremy and Jones Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,101
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 12, 2012
Sold by
Mocic Vidomir
Bought by
Jones Jeremy and Jones Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,101
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 11, 2005
Sold by
Pelascini Dick and Pelascini Cecilia
Bought by
Mocic Vidomir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,800
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2004
Sold by
Stone John A
Bought by
Pelascini Dick and Pelascini Cecilia

Purchase Details

Closed on
Nov 19, 1993
Sold by
Smith George E
Bought by
Stone John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,111
Interest Rate
6.85%
Mortgage Type
FHA
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 Type Sale Price Title Company
Warranty Deed $673,300 Ticor Title
Warranty Deed $350,000 First American Title
Quit Claim Deed -- None Available
Trustee Deed $150,869 None Available
Warranty Deed $268,500 Stewart Title
Trustee Deed $213,000 Stewart Title
Warranty Deed $105,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $605,970 New Conventional
Previous Owner $245,000 Commercial
Previous Owner $154,000 New Conventional
Previous Owner $124,101 Seller Take Back
Previous Owner $31,937 Stand Alone Second
Previous Owner $47,000 Credit Line Revolving
Previous Owner $290,000 Unknown
Previous Owner $214,800 Purchase Money Mortgage
Previous Owner $105,111 FHA
Closed $53,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold $673,000 -0.3% $270 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $675,000 +92.9% $271 / Sq Ft
12/28/2018 12/28/18 Sold $350,000 -12.5% $141 / Sq Ft
11/07/2018 11/07/18 Pending -- -- --
10/24/2018 10/24/18 For Sale $399,950 -- $161 / 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 $6,435 $581,000 $180,000 $401,000
2023 $5,889 $509,000 $144,000 $365,000
2022 $5,820 $551,000 $126,000 $425,000
2021 $5,303 $474,000 $110,000 $364,000
2020 $5,203 $416,000 $97,000 $319,000
2018 $4,057 $359,000 $120,000 $239,000
2017 $3,452 $288,000 $101,000 $187,000
2016 $2,876 $247,000 $86,000 $161,000
2015 $2,851 $211,000 $75,000 $136,000
2014 -- $202,000 $72,000 $130,000
2013 -- $198,000 $66,000 $132,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1377139

Northwest Multiple Listing Service (NWMLS)

APN: 025700-0099