NOT LISTED FOR SALE

Estimated Value: $620,000 - $1,272,816

7 Beds
4 Baths
3,280 Sq Ft
$284/Sq Ft Est. Value

Last Sold May 01, 2018

Last sale price $750,000 $229 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,754/month

30 Days on Market

Highlights

  • RV Access or Parking
  • Thermal Windows
  • Partially Fenced Property
  • Deck
  • Ceramic Tile Flooring
  • Wood Siding

About This Home

As of May 2018

Heavily updated fourplex opportunity in the Renton Highlands. Traditional triplex with 2 bed/1 bath units with detached single dwelling unit with Office. Updates include new roofs, windows, siding, gutters, and paint. All units rented out month-to-month to allow for owner occupant or rent increase. Parking up to 12 vehicles. Less then 5 minutes to I-405 and 15 minutes to downtown Bellevue. This turn-key investment can also be short platted, buyer to verify.

Last Agent to Sell the Property

Ellie Merwin

Skyline Properties, Inc. License #20119365 Listed on: 02/20/2018

Skyline Properties, Inc.

Co-Listed By

Ryan Runge

American Classic Homes License #25405

Last Buyer's Agent

Ellie Merwin

Skyline Properties, Inc. License #20119365 Listed on: 02/20/2018

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1247705

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,607

Year Built

  • Built in 1943

Lot Details

  • 0.26 Acre Lot
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,280 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 12 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Community Details

  • Highlands Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7227800830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,607

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1943
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3280
  • Special Features: None
  • Cumulative Days on Market: 375

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2034

Schools

  • Junior High Dist: Renton

Lot Info

  • Parcel Number: 7227800830
  • Lot Size Acres: 0.259
  • Lot Size Sq Ft: 11280
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 4350

Multi Family

  • Gross Scheduled Income: 52200
  • Net Operating Income: 42241
  • Number Of Units Total: 4
  • Electric Expense: 1478
  • Insurance Expense: 840
  • Leasable Area: 3565
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5607

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2018
Closed on
Apr 27, 2018
Sold by
Russell Kevie L
Bought by
Qin Kai
Seller's Agent
Ellie Merwin
Skyline Properties, Inc.
Buyer's Agent
Ellie Merwin
Skyline Properties, Inc.
List Price
$829,999
Sold Price
$750,000
Premium/Discount to List
-$79,999
-9.64%
Current Estimated Value
$929,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,954
Avg. Annual Appreciation
3.00%
Original Mortgage
$546,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2002
Sold by
Rohrer James and Rohrer Sheila
Bought by
Russell Kevie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,620
Interest Rate
6.94%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Qin Kai $750,000 Cw Title
Russell Kevie L $154,000 Washington Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qin Kai $559,000
Closed Qin Kai $546,500
Previous Owner Russell Kevie L $325,800
Previous Owner Russell Kevie L $288,000
Previous Owner Russell Kevie L $151,620
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2018 05/01/18 Sold $750,000 -6.2% $229 / Sq Ft
03/24/2018 03/24/18 Pending -- -- --
03/19/2018 03/19/18 Price Changed $799,950 -3.6% $244 / Sq Ft
02/21/2018 02/21/18 For Sale $829,999 -- $253 / 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 $7,951 $770,000 $340,000 $430,000
2023 $7,916 $686,000 $299,000 $387,000
2022 $7,331 $793,000 $346,000 $447,000
2021 $6,512 $632,000 $241,000 $391,000
2020 $6,303 $533,000 $206,000 $327,000
2018 $6,228 $516,000 $200,000 $316,000
2017 $5,607 $469,000 $182,000 $287,000
2016 $4,018 $412,000 $160,000 $252,000
2015 $2,426 $303,000 $164,000 $139,000
2014 -- $191,000 $154,000 $37,000
2013 -- $164,000 $127,000 $37,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1247705

Northwest Multiple Listing Service (NWMLS)

APN: 722780-0830