Listed by RE/MAX Northwest, Bought with WeLakeside
NOT LISTED FOR SALE

Estimated Value: $1,046,737 - $1,155,000

-- Bed
-- Bath
3,000 Sq Ft
$367/Sq Ft Est. Value

Last Sold September 27, 2013

Last sale price $443,000 $148 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $6,523/month

10 Days on Market

Highlights

  • Thermal Windows
  • Patio
  • Wood Siding
  • Jane Addams Middle School Rated A-
  • Partially Fenced Property
  • 2-minute walk to Little Brook Park

About This Home

As of September 2013

Excellent investment opportunity! Lake City Business district is on the rise with many new businesses and restaurants. New exterior siding and double pane windows in 2003. Unit #1 has a fenced back yard. Rents are below market and can be raised to improve income.

Last Agent to Sell the Property

Jim Pettigrew

RE/MAX Northwest License #8138 Listed on: 08/02/2013

RE/MAX Northwest

Co-Listed By

Jerry Wabey

Sound Point Real Estate LLC License #7481

Last Buyer's Agent

Angel Wang

WeLakeside License #81931

WeLakeside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 525825

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,894

Year Built

  • Built in 1966

Lot Details

  • 5,307 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Olympic Hills Elementary School
  • Eckstein Mid Middle School
  • Nathan Hale High School

Utilities

  • Cable TV Available

Community Details

  • Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7663700375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,894

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1966
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3000
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • 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
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 2763

Schools

  • Junior High Dist: Seattle
  • High School: Nathan Hale High
  • Middle Or Junior School: Eckstein Mid

Lot Info

  • Parcel Number: 7663700375
  • Lot Size Acres: 0.1218
  • Lot Size Sq Ft: 5307
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,Patio
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2860

Multi Family

  • Gross Scheduled Income: 34320
  • Net Operating Income: 26393
  • Number Of Units Total: 4
  • Insurance Expense: 1170
  • Leasable Area: 3000
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 3894

MLS Schools

  • Elementary School: Olympic Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2017
Sold by
Ji Jixiang
Bought by
Mountainview 6 Llc Series Two
Current Estimated Value
$1,101,246

Purchase Details

Closed on
Jul 9, 2016
Sold by
Bao Meiqun
Bought by
Ji Jixiang

Purchase Details

Listed on
Aug 2, 2013
Closed on
Sep 20, 2013
Sold by
Ji Jixiang and Bao Meiqun
Bought by
Bao Meiqun
Seller's Agent
Jim Pettigrew
RE/MAX Northwest
Buyer's Agent
Angel Wang
WeLakeside
List Price
$443,000
Sold Price
$443,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$265,800
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 15, 2000
Sold by
Finnerty Jerelyn
Bought by
Gee Warner K and Gee Marina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
7.82%
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
Mountainview 6 Llc Series Two -- None Available
Ji Jixiang -- None Available
Bao Meiqun -- Chicago Title
Bao Meiqun $443,000 Chicago Title
Gee Warner K $317,500 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bao Meiqun $265,800
Previous Owner Gee Warner K $254,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2013 09/27/13 Sold $443,000 0.0% $148 / Sq Ft
08/13/2013 08/13/13 Pending -- -- --
08/02/2013 08/02/13 For Sale $443,000 -- $148 / 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 $8,424 $834,000 $504,100 $329,900
2023 $8,195 $896,000 $477,600 $418,400
2022 $8,316 $929,000 $493,500 $435,500
2021 $8,294 $872,000 $477,600 $394,400
2020 $7,781 $829,000 $451,000 $378,000
2018 $6,806 $735,000 $344,900 $390,100
2017 $5,733 $663,000 $344,900 $318,100
2016 $5,112 $574,000 $344,900 $229,100
2015 $4,310 $498,000 $313,100 $184,900
2014 -- $427,000 $313,100 $113,900
2013 -- $407,000 $291,800 $115,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 525825

Northwest Multiple Listing Service (NWMLS)

APN: 766370-0375