Listed by eXp Realty
NOT LISTED FOR SALE

Estimated Value: $1,216,000 - $2,303,000

10 Beds
6 Baths
4,750 Sq Ft
$379/Sq Ft Est. Value

Last Sold October 31, 2014

Last sale price $1,467,500 $309 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $11,745/month

87 Days on Market

Highlights

  • Thermal Windows
  • Ceramic Tile Flooring
  • Wood Siding
  • Mcclure Middle School Rated A-
  • High Speed Internet

About This Home

As of October 2014

JUST REDUCED! Solid cap rate, no deferred maintenance and all units currently leased makes this Magnolia 4-plex an ideal investment. 2 newly constructed townhomes with 2+ garages and a completely remodeled duplex on the same lot. All units feature granite countertops, stainless steel appliances and washer/dryers. Zoning may allow subdivision of the townhomes and duplex.

Last Agent to Sell the Property

Chris Pierard

eXp Realty License #25521 Listed on: 06/13/2014

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 651601

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,319

Year Built

  • Built in 1920

Lot Details

  • 6,000 Sq Ft Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,750 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770601695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,319

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1920
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4750
  • SOCComments: Not a Short Sale or Bank Owned
  • Special Features: None
  • Cumulative Days on Market: 434

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • WaterSewerGarbage: 4596

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2770601695
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 8890

Multi Family

  • Gross Scheduled Income: 106680
  • Net Operating Income: 89084
  • Number Of Units Total: 4
  • Insurance Expense: 947
  • Leasable Area: 5570
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2014
  • Tax Annual Amount: 9319

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2021
Sold by
Pearlman Julie Anne Mccleery and Pearlman Shane Jacques
Bought by
Pearlman Julie Anne Mccleery and Pearlman Shane Jacques
Current Estimated Value
$1,802,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,597
Outstanding Balance
$818,795
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$983,719

Purchase Details

Listed on
Jun 13, 2014
Closed on
Oct 8, 2014
Sold by
Steimakh Valentin
Bought by
Pearlman Family Trust and Pearlman Shane Jacques
Seller's Agent
Chris Pierard
eXp Realty
List Price
$1,650,000
Sold Price
$1,467,500
Premium/Discount to List
-$182,500
-11.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.92%
Original Mortgage
$953,875
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2013
Sold by
Stelmakh Viktoriya
Bought by
Stelmakh Valentin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2011
Sold by
Shields Llc
Bought by
Stelmakh Valentin

Purchase Details

Closed on
Sep 29, 2011
Sold by
Fannie Mae
Bought by
Shields Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,320
Interest Rate
4.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 14, 2011
Sold by
Ryssel Andrew T and Ryssel Renee
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 28, 2006
Sold by
Jager Jerome L and Jager Vicki L
Bought by
Ryssel Andrew T and Ryssel Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 1999
Sold by
Hooper Mark A and Hooper Virginia A
Bought by
Mgah Llc

Purchase Details

Closed on
Feb 2, 1998
Sold by
Schulte Alfred J and Schulte Alfred F
Bought by
Schulte Alfred J

Purchase Details

Closed on
Oct 8, 1996
Sold by
Orrico Family Ltd Partnership
Bought by
Jones Island Uplands Llc

Purchase Details

Closed on
Sep 6, 1996
Sold by
Hiranaka Daniel K and Hiranaka Grace K
Bought by
Hiranaka Daniel K and Hiranaka Grace K

Purchase Details

Closed on
Oct 23, 1995
Sold by
Lacey Omalley Bond Company
Bought by
Bond Robert F and Bond Claudette

Purchase Details

Closed on
May 1, 1995
Sold by
Unwin William L
Bought by
Unwin Mary Lou

Purchase Details

Closed on
Sep 30, 1994
Sold by
Glassey Joyce Mather and Glassey Philip P
Bought by
The P P & J M Glassey Trust and Glassey Philip M

Purchase Details

Closed on
Jun 30, 1994
Sold by
Low Donald E
Bought by
Sauer Merle O and Sauer Ruth

Purchase Details

Closed on
May 28, 1994
Sold by
Young Kareen
Bought by
Lacey Omalley Bond Company

Purchase Details

Closed on
Dec 16, 1993
Sold by
Borracchini Angelo and Borracchini Dora C
Bought by
Borracchini Daniel A and Borracchini Donald M

Purchase Details

Closed on
Nov 27, 1993
Sold by
Craven Margaret and Oconnor Margaret Truesen
Bought by
Hashagen Chris

Purchase Details

Closed on
Dec 30, 1991
Sold by
Rolph Christiana
Bought by
Jager Jerome L and Jager Vicki L
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
Pearlman Julie Anne Mccleery -- Ticor Title
Jay S Pearlman And Francoise Pearlman Revocab $313 Ticor Title
Pearlman Family Trust $1,467,500 First American
Stelmakh Valentin -- First American
Stelmakh Valentin $370,000 Northwest Titl
Shields Llc -- Old Republic T
Federal National Mortgage Association $448,041 None Available
Ryssel Andrew T $600,000 Chicago Title
Mgah Llc -- --
Schulte Alfred J -- --
Jones Island Uplands Llc -- --
Hiranaka Daniel K -- --
Bond Robert F -- Chicago Title Insurance Co
Unwin Mary Lou -- Transamerica Title Ins Co
The P P & J M Glassey Trust -- --
Sauer Merle O -- Stewart Title
Lacey Omalley Bond Company -- Chicago Title Insurance Co
Borracchini Daniel A -- Chicago Title Insurance Co
Hashagen Chris -- Chicago Title Insurance Co
Jager Jerome L $127,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearlman Julie Anne Mccleery $896,597
Previous Owner Pearlman Julie Anne Mccleery $939,000
Previous Owner Pearlman Family Trust $953,875
Previous Owner Stelmakh Valentin $228,800
Previous Owner Stelmakh Valentin $104,000
Previous Owner Stelmakh Valentin $130,000
Previous Owner Stelmakh Valentin $130,000
Previous Owner Shields Llc $229,320
Previous Owner Shields Llc $340,340
Previous Owner Ryssel Andrew T $480,000
Previous Owner Ryssel Andrew T $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2014 10/31/14 Sold $1,467,500 -11.1% $309 / Sq Ft
09/09/2014 09/09/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $1,650,000 -- $347 / 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 $23,089 $2,426,000 $1,351,000 $1,075,000
2023 $15,813 $1,666,000 $1,191,000 $475,000
2022 $14,768 $1,813,000 $1,118,000 $695,000
2021 $14,100 $1,599,000 $937,000 $662,000
2020 $14,050 $1,448,000 $857,000 $591,000
2018 $10,754 $1,409,000 $861,000 $548,000
2017 $9,499 $1,073,000 $37,000 $1,036,000
2016 $8,779 $979,000 $34,000 $945,000
2015 $7,374 $883,000 $31,000 $852,000
2014 -- $756,000 $27,000 $729,000
2013 -- $865,000 $367,000 $498,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 651601

Northwest Multiple Listing Service (NWMLS)

APN: 277060-1695