Listed by RSVP Real Estate Group, Bought with Real Residential
NOT LISTED FOR SALE

Estimated Value: $1,334,351 - $1,522,000

-- Bed
-- Bath
4,006 Sq Ft
$356/Sq Ft Est. Value

Last Sold July 13, 2015

Last sale price $670,000 $167 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $8,726/month

6 Days on Market

Highlights

  • Deck
  • Patio
  • Property is in very good condition
  • Thermal Windows
  • High Speed Internet
  • 1-minute walk to Burnett Linear Park

About This Home

As of July 2015

Amazing Investor Opportunity! 1st time on market since 1998. Owner has taken exception care of this 4-plex in this great location with nearby downtown restaurants, park, & adjacent parking area. Unit #1 has been completely updated to include new cabinetry, granite tops, appliances, plumbing fixtures, woodwork, painting, tile, & carpet. Other units have also had updates and the building has been repainted and reroofed in 2012 and a new fence was also installed. This building is turn-key ready.

Last Agent to Sell the Property

Larry Kloetsch

RSVP Real Estate Group License #23444 Listed on: 05/11/2015

Last Buyer's Agent

Albert Clark

Real Residential License #49884

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 785785

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,534

Year Built

  • Built in 1990

Lot Details

  • 5,750 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,006 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • City Of Renton Condos
  • Downtown Renton Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 27
  • Assessor Parcel Number 7231502410

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,534

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1990
  • Buyer Agency Compensation: 3.00
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: City of Renton
  • New Construction: No
  • CalculatedSquareFootage: 4006
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 432

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: See Remarks, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Renton
  • WaterCompany: City of Renton
  • WaterSewerGarbage: 5352

Schools

  • Junior High Dist: Renton

Lot Info

  • Parcel Number: 7231502410
  • Lot Size Acres: 0.132
  • Lot Size Sq Ft: 5750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family
  • LotNumber: 7

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4750

Multi Family

  • Gross Scheduled Income: 52800
  • Net Operating Income: 34392
  • Number Of Units Total: 4
  • Electric Expense: 325
  • Insurance Expense: 1448
  • Leasable Area: 4006
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 6534

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2016
Sold by
Wea Donald R and Armstead Wea Genita
Bought by
Raylon Burnett Llc
Current Estimated Value
$1,424,784

Purchase Details

Listed on
May 11, 2015
Closed on
Jul 2, 2015
Sold by
Miller John W and Miller Rumi R
Bought by
Wea Donald R and Armstead Wea Genita
Seller's Agent
Larry Kloetsch
RSVP Real Estate Group
Buyer's Agent
Albert Clark
Real Residential
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$480,000
Interest Rate
3.83%

Purchase Details

Closed on
Jun 4, 1998
Sold by
Krasinski Leo G
Bought by
Miller John W and Miller Rumi R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,400
Interest Rate
7.1%

Purchase Details

Closed on
Jun 2, 1995
Sold by
Harris Neil F and Harris Neil
Bought by
Krasinski Leo G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.32%
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
Raylon Burnett Llc -- None Available
Wea Donald R $670,000 First American
Miller John W $323,000 --
Krasinski Leo G $300,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wea Donald R $480,000
Previous Owner Miller John W $347,800
Previous Owner Miller John W $348,307
Previous Owner Miller John W $359,000
Previous Owner Miller John W $318,500
Previous Owner Miller John W $258,400
Previous Owner Krasinski Leo G $225,000
Closed Krasinski Leo G $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2015 07/13/15 Sold $670,000 -4.1% $167 / Sq Ft
05/18/2015 05/18/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $699,000 -- $174 / 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 $12,272 $1,143,000 $221,300 $921,700
2023 $12,439 $1,074,000 $221,300 $852,700
2022 $13,169 $1,214,000 $211,300 $1,002,700
2021 $12,454 $1,121,000 $201,200 $919,800
2020 $11,461 $1,012,000 $184,000 $828,000
2018 $9,962 $857,000 $155,200 $701,800
2017 $9,028 $713,000 $155,200 $557,800
2016 $8,103 $633,000 $139,400 $493,600
2015 $6,342 $612,000 $126,500 $485,500
2014 -- $501,000 $126,500 $374,500
2013 -- $458,000 $126,500 $331,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 785785

Northwest Multiple Listing Service (NWMLS)

APN: 723150-2410