Listed by TEC Real Estate Inc., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,827,000 - $2,161,937

6 Beds
6 Baths
3,930 Sq Ft
$520/Sq Ft Est. Value

Last Sold December 24, 2015

Last sale price $1,220,000 $310 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $12,381/month

12 Days on Market

Highlights

  • City View
  • Deck
  • High Speed Internet
  • Mcclure Middle School Rated A-
  • Wood Flooring

About This Home

As of December 2015

Great Investment &/or Development Opportunity! This fully leased 3 unit Triplex on the East Slope of Magnolia enjoys City, Valley, & Mnt Views. Each unit has been beautifully remodeled inside & out. The Exterior has a new roof, new vinyl win, & newer vinyl siding. Interiors have been remodeled w/ new hardwood, cabinets, counters, appliances, fixtures, & more. 8 parking spots w/ 4 covered is a rare find! Lot ZONED L1 w/ the potential for 7 units. Long term Tenants! Close to Burke-Gilman Trail.

Last Agent to Sell the Property

Chris Dijulio

TEC Real Estate Inc. License #91434 Listed on: 11/13/2015

Last Buyer's Agent

Harley Anderson

Skyline Properties, Inc. License #105016

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 860879

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,245

Year Built

  • Built in 1967 | Remodeled

Lot Details

  • 7,000

Property Views

  • City
  • Canal
  • Mountain

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Bitumen Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,930 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • Deck
  • 7,000 Sq Ft Lot

Community Details

  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770600545

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,245

Year Built

Built in 1967 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3930
  • Special Features: None
  • Cumulative Days on Market: 368

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Hardwood, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Torch Down
  • View: Canal, City, Mountain(s)
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2770600545
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 6300

Multi Family

  • Gross Scheduled Income: 75600
  • Net Operating Income: 58447
  • Number Of Units Total: 3
  • Electric Expense: 120
  • Insurance Expense: 1207
  • Leasable Area: 3930
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 7245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2017
Sold by
Powers Real Estate Llc
Bought by
Warea Llc
Current Estimated Value
$2,042,312

Purchase Details

Listed on
Nov 13, 2015
Closed on
Dec 22, 2015
Sold by
Umtanum Funds Llc
Bought by
Powers Real Estate Llc
Seller's Agent
Chris Dijulio
TEC Real Estate Inc.
Buyer's Agent
Harley Anderson
Skyline Properties, Inc.
List Price
$1,300,000
Sold Price
$1,220,000
Premium/Discount to List
-$80,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%

Purchase Details

Closed on
Jul 1, 2015
Sold by
Schreiber Sue A and Schreiber Sua A
Bought by
Umtanum Funds Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 26, 2015
Sold by
Eastside Funding Llc
Bought by
Umtanum Funds Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 2, 2004
Sold by
Johnson Gary M
Bought by
Rodes Peter and Schreiber Sue A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
1.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2003
Sold by
Johnson Elizabeth S
Bought by
Johnson Gary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 1994
Sold by
Johnson Gary M
Bought by
Johnson Gary M and Johnson Elizabeth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,550
Interest Rate
8.9%

Purchase Details

Closed on
Apr 21, 1992
Sold by
Martinsen Victoria J
Bought by
Johnson Gary M
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
Warea Llc $1,500,000 First American
Powers Real Estate Llc $1,220,000 First American
Umtanum Funds Llc $781,000 None Available
Umtanum Funds Llc -- None Available
Rodes Peter $550,000 Old Republic T
Johnson Gary M -- Old Republic T
Johnson Gary M -- Chicago Title Insurance Co
Johnson Gary M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Umtanum Funds Llc $664,000
Previous Owner Umtanum Funds Llc $790,126
Previous Owner Rodes Peter $200,000
Previous Owner Rodes Peter $440,000
Previous Owner Johnson Gary M $275,000
Previous Owner Johnson Gary M $151,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2015 12/24/15 Sold $1,220,000 -6.2% $310 / Sq Ft
11/26/2015 11/26/15 Pending -- -- --
11/13/2015 11/13/15 For Sale $1,300,000 -- $331 / 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 $15,039 $1,528,000 $1,166,000 $362,000
2023 $14,747 $1,573,000 $869,000 $704,000
2022 $13,222 $1,711,000 $816,000 $895,000
2021 $12,606 $1,406,000 $684,000 $722,000
2020 $12,553 $1,273,000 $626,000 $647,000
2018 $11,837 $1,239,000 $629,000 $610,000
2017 $10,451 $1,174,000 $427,000 $747,000
2016 $8,608 $1,070,000 $389,000 $681,000
2015 -- $854,000 $354,000 $500,000
2014 -- $732,000 $303,000 $429,000
2013 -- $665,000 $292,000 $373,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 860879

Northwest Multiple Listing Service (NWMLS)

APN: 277060-0545