Listed by Berkshire Hathaway HS NW, Bought with RE/MAX Northwest
NOT LISTED FOR SALE

Estimated Value: $828,288 - $1,650,000

-- Bed
5 Baths
3,840 Sq Ft
$307/Sq Ft Est. Value

Last Sold October 14, 2016

Last sale price $484,950 $126 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $7,317/month

1,019 Days on Market

Highlights

  • Lake View
  • Thermal Windows
  • Wood Siding
  • Deck
  • High Speed Internet
  • Wall to Wall Carpet

About This Home

As of October 2016

Great income producing 4 plex on Renton Hill. Two 2 bedroom units, one 1 bedroom unit with large loft and one 4 bedroom unit with 2 baths. Renovated in 1979 (according to KCR) and remodeled in 2007. Double pane windows, newer water heaters. Very stable rental history and professionally managed since 2007. Very nice views of Renton and Lake Washington, even peak view of Seattle skyline. Ideal candidate for future condo conversion or maintain as rental.

Last Agent to Sell the Property

Bradley Farris

Berkshire Hathaway HS NW License #2071 Listed on: 11/07/2013

Berkshire Hathaway HS NW

Last Buyer's Agent

Donna McCampbell

RE/MAX Northwest License #16864

RE/MAX Northwest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 563948

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,301

Year Built

  • Built in 1907

Lot Details

  • 6,000 Sq Ft Lot
  • Property is in good condition

Property Views

  • Lake
  • City
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,840 Sq Ft Home
  • 4-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Town Of Renton Condos
  • Renton Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 5
  • Assessor Parcel Number 7231500325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,301

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1907
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Town of Renton
  • New Construction: No
  • CalculatedSquareFootage: 3840
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 1,175

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: City, Lake, Territorial
  • Lot Features: Alley, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Renton
  • WaterCompany: Renton
  • WaterSewerGarbage: 4000

Schools

  • Junior High Dist: Renton

Lot Info

  • Parcel Number: 7231500325
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet
  • ZoningClass: Multi-Family
  • LotNumber: 7

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 4030

Multi Family

  • Gross Scheduled Income: 49080
  • Net Operating Income: 37478
  • Number Of Units Total: 4
  • Electric Expense: 600
  • Insurance Expense: 840
  • Leasable Area: 3552
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 5301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2013
Closed on
Oct 11, 2016
Sold by
Dalton Martina E and Dalton Matthew G
Bought by
Sayre Andre
Seller's Agent
Bradley Farris
Berkshire Hathaway HS NW
Buyer's Agent
Donna McCampbell
RE/MAX Northwest
List Price
$489,950
Sold Price
$484,950
Premium/Discount to List
-$5,000
-1.02%
Current Estimated Value
$1,178,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$693,479
Avg. Annual Appreciation
8.80%
Original Mortgage
$363,713
Outstanding Balance
$298,543
Interest Rate
3.46%
Mortgage Type
Commercial
Estimated Equity
$725,463

Purchase Details

Closed on
Sep 18, 2006
Sold by
Farris Brian
Bought by
Dalton Matthew G and Dalton Martina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2004
Sold by
Lee Yat Ken and Lee Gayle
Bought by
Gustavel Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 25, 1994
Sold by
Lee Nancy Q
Bought by
Lee Pat Ken and Lee Gary Y
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
Sayre Andre $484,950 Old Republic
Dalton Matthew G -- Stewart Title
Dalton Matthew G $550,000 Stewart Title
Gustavel Jeremy $335,000 Fidelity Natio
Lee Pat Ken -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sayre Andre $363,713
Previous Owner Dalton Martina E $355,496
Previous Owner Dalton Matthew G $385,000
Previous Owner Gustavel Jeremy $70,000
Previous Owner Gustavel Jeremy $20,000
Previous Owner Gustavel Jeremy $10,000
Previous Owner Gustavel Jeremy $268,000
Closed Gustavel Jeremy $50,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2016 10/14/16 Sold $484,950 -1.0% $126 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $489,950 -5.0% $128 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
11/07/2013 11/07/13 For Sale $516,000 -- $134 / 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 $10,761 $995,000 $156,000 $839,000
2023 $10,720 $1,035,000 $150,000 $885,000
2022 $10,463 $1,032,000 $132,000 $900,000
2021 $9,068 $871,000 $126,000 $745,000
2020 $7,893 $711,000 $126,000 $585,000
2018 $6,733 $533,000 $126,000 $407,000
2017 $6,319 $458,000 $117,000 $341,000
2016 $5,856 $422,000 $117,000 $305,000
2015 $4,750 $442,000 $117,000 $325,000
2014 -- $375,000 $114,000 $261,000
2013 -- $387,000 $102,000 $285,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 563948

Northwest Multiple Listing Service (NWMLS)

APN: 723150-0325