NOT LISTED FOR SALE
8 Beds
6 Baths
5,972 Sq Ft
7,500 Sq Ft Lot

Last Sold October 23, 2023

Last sale price $1,425,843 $239 Per Sq Ft

124 Days on Market

About This Home

As of October 2023

Value-add investment opportunity. Built in 1986, the Hazle Maes Apts. is well positioned in the heart of downtown Burien and is comprised of eight units with a good balance of large one- and two-bedroom floor plans. The apartments have functional layouts, abundant storage, complete kitchen appliance packages, fireplaces, and private balconies. Upper floor units enjoy great territorial and mountain views to the east. Community amenities include a common laundry room, resident storage room with lockers and lots of off-street parking with covered and open stalls available in front as well as on the south side via the alley.

Last Listed By

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 05/11/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2066965

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,623

Year Built

  • Built in 1986

Lot Details

  • 7,500

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 5,972 Sq Ft Home
  • 2-Story Property

Parking

  • 12 Parking Spaces
  • Open Parking

Additional Features

  • 7,500 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Burien Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1220001250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,623

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5972
  • Special Features: None
  • Cumulative Days on Market: 274

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 9500

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 1220001250
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11.41
  • LeasedItems: None
  • TotalMonthlyIncome: 10920

Multi Family

  • Gross Scheduled Income: 131040
  • Net Operating Income: 83774
  • Number Of Units Total: 8
  • Insurance Expense: 3301
  • Leasable Area: 5972
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2023
  • Tax Annual Amount: 17623

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/23/2023 10/23/23 Sold $1,425,843 -4.6% $239 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $1,495,000 0.0% $250 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $1,495,000 +68.0% $250 / Sq Ft
10/27/2015 10/27/15 Sold $890,000 -0.6% $149 / Sq Ft
09/29/2015 09/29/15 Pending -- -- --
09/23/2015 09/23/15 For Sale $895,000 -- $150 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2066965

Northwest Multiple Listing Service (NWMLS)