NOT LISTED FOR SALE

Estimated Value: $2,093,000 - $2,290,205

-- Bed
-- Bath
11,168 Sq Ft
$196/Sq Ft Est. Value

Last Sold October 26, 2020

Last sale price $3,125,000 $280 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $13,297/month

202 Days on Market

Highlights

  • Home fronts a creek
  • 1.8 Acre Lot
  • Ceramic Tile Flooring
  • Issaquah Valley Elementary School Rated A
  • Deck
  • 5-minute walk to Gibson Park

About This Home

As of October 2020

Ultra-Rare Investment Opportunity! Located on Front Street set just a few blocks from the Historic Issaquah core, dining, theater, music, pools, schools and library! Easy access to Issaquah Highlands park-n-ride and Swedish Hospital. Two four-plex units on separate tax parcels with 285 ft of Issaquah Creek frontage. Eight total units, each with 2 Bedrooms + bonus room 2.5 baths, attached garage and plenty of guest parking in huge private paved lot. Built above flood plain. Think Salmon Days!

Last Listed By

Kenny Whiteside

Redfin License #20057 Listed on: 02/07/2020

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1560435

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,926

Year Built

  • Built in 1989

Lot Details

  • 1.8 Acre Lot
  • Home fronts a creek
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 11,168 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 16 Parking Spaces
  • 8 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Issaquah Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3324069567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,926

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1989
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 11168
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 475

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Exterior Features: Brick, Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Issaquah
  • WaterCompany: City of Issaquah
  • WaterSewerGarbage: 9191

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 3324069567
  • Lot Size Acres: 1.8
  • Lot Size Sq Ft: 78408
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist - Buyer to Verify
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 24
  • LeasedItems: None
  • TotalMonthlyIncome: 13475

Multi Family

  • Gross Scheduled Income: 161880
  • Net Operating Income: 64447
  • Number Of Units Total: 8
  • Electric Expense: 1654
  • Insurance Expense: 10250
  • Leasable Area: 10000
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 26926

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2020
Sold by
Burns Brett
Bought by
B & H Properties Llc
Total Days on Market
202
Current Estimated Value
$2,191,603

Purchase Details

Listed on
Feb 7, 2020
Closed on
Oct 23, 2020
Sold by
Eight Leaf Llc
Bought by
Burns Brett M
Seller's Agent
Kenny Whiteside
Redfin
List Price
$3,880,000
Sold Price
$3,125,000
Premium/Discount to List
-$755,000
-19.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.70%
Original Mortgage
$1,125,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2009
Sold by
Hue Darryl E and Hue Audrey T
Bought by
Eight Leaf Llc

Purchase Details

Closed on
Nov 2, 1999
Sold by
Smart Darren R
Bought by
Hue Darryl E and Hue Audrey T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,350
Interest Rate
7.75%
Source: Public Records

Range of Values:

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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
B & H Properties Llc $313 None Listed On Document
Burns Brett M $1,562,500 Stewart Title
Eight Leaf Llc -- None Available
Hue Darryl E $697,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed B & H Properties Llc $1,000,000
Previous Owner Burns Brett M $1,125,000
Previous Owner Hue Audrey T $448,000
Previous Owner Hue Darryl E $461,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $3,125,000 -12.7% $280 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/01/2020 08/01/20 Price Changed $3,580,000 -7.7% $321 / Sq Ft
02/07/2020 02/07/20 For Sale $3,880,000 -- $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 $11,943 $1,448,500 $1,067,200 $381,300
2023 $12,641 $1,646,000 $1,067,200 $578,800
2022 $13,532 $1,665,000 $1,067,200 $597,800
2021 $15,780 $1,462,000 $1,067,200 $394,800
2020 $15,101 $1,585,000 $1,067,200 $517,800
2018 $13,462 $1,450,000 $853,700 $596,300
2017 $10,990 $1,307,000 $819,600 $487,400
2016 $9,920 $1,108,000 $683,000 $425,000
2015 -- $982,000 $597,600 $384,400
2014 -- $904,000 $597,600 $306,400
2013 -- $871,000 $597,600 $273,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1560435

Northwest Multiple Listing Service (NWMLS)

APN: 332406-9567