Listed by Roopa Group, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $995,000 - $1,045,000

-- Bed
-- Bath
2,880 Sq Ft
$354/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $750,000 $260 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,105/month

7 Days on Market

Highlights

  • Territorial View
  • Mercer International Middle School Rated A-
  • Wall to Wall Carpet

About This Home

As of February 2020

Perfect Investment. Steps from Columbia city link rail station and minutes to Seattle downtown. 4 partially renovated units fully rented with long term tenants, also comes with a large basement currently not utilized. Imagine endless possibilities with commercial zoning C1-55. Potential to combine units and sell as separate townhomes. Each unit is metered for electricity and sub-metered for water. Current cap rate 5.6. Proforma cap rate 7.3. Great Cashflow. PreInspected.

Last Agent to Sell the Property

Roopa Kannasani

Roopa Group License #23000060 Listed on: 01/29/2020

Co-Listed By

Sreekanth Kollu

Roopa Group License #133278

Last Buyer's Agent

Bradley Lee

Skyline Properties, Inc. License #26004

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1559735

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,719

Year Built

  • Built in 1954

Lot Details

  • 4,267 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Beacon Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9331800711

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,719

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1954
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2880
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Torch Down
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Available
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utility
  • WaterCompany: Seattle Public Utility
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 9331800711
  • Lot Size Acres: 0.098
  • Lot Size Sq Ft: 4267
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3800

Multi Family

  • Gross Scheduled Income: 45600
  • Net Operating Income: 38881
  • Number Of Units Total: 4
  • Insurance Expense: 1000
  • Leasable Area: 2880
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4719

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
Feb 25, 2020
Sold by
Kakarla Sujana
Bought by
Lee Brad Y and Lau Laura Sk
Seller's Agent
Roopa Kannasani
Roopa Group
Buyer's Agent
Bradley Lee
Skyline Properties, Inc.
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%
Current Estimated Value
$1,020,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,093
Avg. Annual Appreciation
5.67%

Purchase Details

Listed on
Aug 20, 2015
Closed on
Apr 28, 2016
Sold by
Austin & Brandon Street Llc
Bought by
Kakarla Sujana
Seller's Agent
Sammy Lee
Best Choice Realty LLC
Buyer's Agent
Sammy Lee
Best Choice Realty LLC
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.61%
Original Mortgage
$333,750
Interest Rate
3.73%

Purchase Details

Listed on
Aug 20, 2015
Closed on
Apr 26, 2016
Sold by
Tatineni Vidyacharan
Bought by
Kakarla Sujana
Seller's Agent
Sammy Lee
Best Choice Realty LLC
Buyer's Agent
Sammy Lee
Best Choice Realty LLC
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
3.73%

Purchase Details

Closed on
May 22, 2009
Sold by
Tarng Yao Seng and Tarng Nai Vern
Bought by
Austin & Brandon Street Llc

Purchase Details

Closed on
Apr 27, 1988
Sold by
Scholes Judith F
Bought by
Tarng Yao Seng and Nai Vern
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 Buyer Sale Price Title Company
Lee Brad Y $750,000 Fidelity National Title
Kakarla Sujana $445,000 Rainier Title
Kakarla Sujana -- Rainier Title
Austin & Brandon Street Llc -- None Available
Tarng Yao Seng $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kakarla Sujana $333,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $750,000 +7.3% $260 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
01/29/2020 01/29/20 For Sale $699,000 +52.0% $243 / Sq Ft
05/02/2016 05/02/16 Sold $460,000 -7.8% $160 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
08/20/2015 08/20/15 For Sale $499,000 -- $173 / 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 $8,359 $822,000 $469,300 $352,700
2023 $7,658 $836,000 $469,300 $366,700
2022 $7,903 $858,000 $469,300 $388,700
2021 $8,088 $821,000 $469,300 $351,700
2020 $6,347 $803,000 $469,300 $333,700
2018 $4,911 $506,000 $384,000 $122,000
2017 $4,612 $462,000 $320,000 $142,000
2016 $3,779 $450,000 $277,300 $172,700
2015 -- $355,000 $234,600 $120,400
2014 -- $339,000 $192,000 $147,000
2013 -- $306,000 $192,000 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1559735

Northwest Multiple Listing Service (NWMLS)

APN: 933180-0711