Listed by John L. Scott, Inc., Bought with The Preview Group
NOT LISTED FOR SALE

Estimated Value: $1,041,000 - $1,634,000

8 Beds
6 Baths
3,840 Sq Ft
$361/Sq Ft Est. Value

Last Sold May 09, 2014

Last sale price $540,000 $141 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $8,816/month

260 Days on Market

Highlights

  • Lake View
  • Deck
  • Wood Siding
  • Briarcrest Elementary School Rated A
  • Corner Lot
  • Wall to Wall Carpet

About This Home

As of May 2014

$34k+ price drop! Motivated Seller! HUGE duplex w/Lake views, use 75% of rental unit to qualify for your loan! Spacious 3br/3ba unit plus a 4Br/2.5ba 2nd unit. Extensive remodel in 1984 - each unit has an open concept main living area with master and other bedrooms upstairs. There are lovely lake views from the upper levels of each unit. Both units are currently rented under market value - with new carpet and paint you could increase the rents to reflect current values.

Last Agent to Sell the Property

Carrie Simmons

John L. Scott, Inc. License #102278 Listed on: 07/08/2013

John L. Scott, Inc.

Co-Listed By

Keith McKinney

Coldwell Banker Bain License #7736

Last Buyer's Agent

Pak Ung

The Preview Group License #36025

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 513129

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,412

Year Built

  • Built in 1948

Lot Details

  • 7,647 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Lake Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Briarcrest Elementary School
  • Kellogg Mid Middle School
  • Shorecrest High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Sheridan Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6744700427

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,412

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1948
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3840
  • Special Features: VirtualTour
  • Cumulative Days on Market: 601

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition, Flat
  • View: Lake
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Shoreline Water
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Shoreline
  • High School: Shorecrest High
  • Middle Or Junior School: Kellogg Mid

Lot Info

  • Parcel Number: 6744700427
  • Lot Size Acres: 0.1756
  • Lot Size: 7647
  • Lot Size Sq Ft: 7647
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 319500

Multi Family

  • Gross Scheduled Income: 38220
  • Net Operating Income: 24617
  • Number Of Units Total: 2
  • Insurance Expense: 1095
  • Leasable Area: 3700
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 963

Tax Info

  • Year: 2012
  • Tax Annual Amount: 7412

MLS Schools

  • Elementary School: Briarcrest Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2021
Sold by
Tan You Ly and Tan Youly
Bought by
Elbert Brian D and Elbert Judy B
Current Estimated Value
$1,400,887

Purchase Details

Listed on
Jul 8, 2013
Closed on
May 7, 2014
Sold by
Kenney Patricia A
Bought by
Tan Youly
Seller's Agent
Carrie Simmons
John L. Scott, Inc.
Buyer's Agent
Pak Ung
The Preview Group
List Price
$664,950
Sold Price
$540,000
Premium/Discount to List
-$124,950
-18.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.46%
Original Mortgage
$405,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 1989
Sold by
Engheta Nader and Engheta Susanne H
Bought by
Kenney Patricia A
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
Elbert Brian D $960,000 Chicago Title
Tan Youly $540,000 Chicago Title
Kenney Patricia A $179,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tan You Ly $391,000
Previous Owner Tan Youly $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2014 05/09/14 Sold $540,000 -18.8% $141 / Sq Ft
03/26/2014 03/26/14 Pending -- -- --
07/08/2013 07/08/13 For Sale $664,950 -- $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 $13,752 $1,401,000 $522,000 $879,000
2023 $12,721 $1,192,000 $513,000 $679,000
2022 $11,323 $1,380,000 $570,000 $810,000
2021 $10,880 $1,040,000 $457,000 $583,000
2020 $11,023 $903,000 $398,000 $505,000
2018 $10,046 $946,000 $402,000 $544,000
2017 $8,878 $856,000 $364,000 $492,000
2016 $7,371 $784,000 $334,000 $450,000
2015 $7,412 $613,000 $221,000 $392,000
2014 -- $584,000 $202,000 $382,000
2013 -- $503,000 $174,000 $329,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 513129

Northwest Multiple Listing Service (NWMLS)

APN: 674470-0427