Listed by Prestige Property Mgmt LLC, Bought with Kidder Mathews
NOT LISTED FOR SALE

431 5th Ave S Unit 1-3 Kirkland, WA 98033

Moss Bay Neighborhood

Estimated Value: $2,713,799 - $2,993,000

4 Beds
3 Baths
2,530 Sq Ft
$1,107/Sq Ft Est. Value

Last Sold January 05, 2015

Last sale price $830,000 $328 Per Sq Ft

Est. 227% increase in value since last sale

Current estimated payment $16,397/month

76 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Partially Fenced Property
  • Lakeview Elementary School Rated A
  • Patio
  • Wood Siding

About This Home

As of January 2015

Tri-Plex on large lot with endless investment potential close in location ,walk to the water and downtown. 2 - 2 bedrooms one bath and one 1 bedroom + Den, hardwood floor and bath . Each unit has a fireplace and a fenced backyard . Laundry room on site. Quiet area end of street.

Last Agent to Sell the Property

Larry Karimi

Prestige Property Mgmt LLC License #49717 Listed on: 07/09/2014

Last Buyer's Agent

Brian Richardson

Kidder Mathews License #78371

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 663834

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,652

Year Built

  • Built in 1978

Lot Details

  • 9,000 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Triplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,530 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Patio

Schools

  • Kirkland Middle School
  • Lake Wash High School

Community Details

  • Crane And Dickeys Condos
  • Downtown Subdivision

Listing and Financial Details

  • Legal Lot and Block 9&10 / 4
  • Assessor Parcel Number 1807900300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,652

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1978
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Crane and Dickeys
  • New Construction: No
  • CalculatedSquareFootage: 2530
  • Special Features: None
  • Cumulative Days on Market: 421

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Kirkland
  • WaterCompany: City of Kirkland
  • WaterSewerGarbage: 3000

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Lake Washington
  • High School: Lake Wash High
  • Middle Or Junior School: Kirkland Middle

Lot Info

  • Parcel Number: 1807900300
  • Lot Size Acres: 0.2066
  • Lot Size Sq Ft: 9000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: KCR
  • LotNumber: 9&10

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 35040
  • Net Operating Income: 19725
  • Number Of Units Total: 3
  • Electric Expense: 420
  • Insurance Expense: 1000
  • Leasable Area: 2490
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2014
  • Tax Annual Amount: 5652

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2017
Sold by
431 Llc
Bought by
Gaudette Andrew Gavin and Gaudette Deborah Lammon
Current Estimated Value
$2,716,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Outstanding Balance
$668,041
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,988,917

Purchase Details

Closed on
May 5, 2016
Sold by
5Th Ave Llc
Bought by
431 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,915,000
Interest Rate
3.71%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 9, 2014
Closed on
Dec 17, 2014
Sold by
Gatzemeier Donald A
Bought by
5Th Ave Llc
Seller's Agent
Larry Karimi
Prestige Property Mgmt LLC
Buyer's Agent
Brian Richardson
Kidder Mathews
List Price
$849,000
Sold Price
$830,000
Premium/Discount to List
-$19,000
-2.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.58%

Purchase Details

Closed on
Apr 15, 2004
Sold by
Gatzemeier Paula A
Bought by
Gatzemeier Donald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,800
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2001
Sold by
Tec Holdings Vii Llc
Bought by
Gatzemeier Donald A and Gatzemeier Paula A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
7.19%

Purchase Details

Closed on
Jun 17, 1997
Sold by
Investment West Inc
Bought by
Segall Joan B and Joan B Segall Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,275
Interest Rate
7.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 11, 1996
Sold by
Mathis James M and Mathis Eva B
Bought by
Investment West Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
8.25%
Mortgage Type
Seller Take Back
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
Gaudette Andrew Gavin $1,615,000 Chicago Title Company Of Wa
431 Llc -- Chicago Title
5Th Ave Llc $830,000 Chicago Title
Gatzemeier Donald A -- Chicago Title
Gatzemeier Donald A -- Old Republic Title
Segall Joan B $290,000 Fidelity National Title
Investment West Inc $290,000 Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaudette Andrew Gavin $815,000
Previous Owner 431 Llc $1,915,000
Previous Owner Gatzemeier Donald A $125,000
Previous Owner Gatzemeier Donald A $330,800
Previous Owner Gatzemeier Donald A $330,000
Previous Owner Segall Joan B $6,275
Previous Owner Investment West Inc $221,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2015 01/05/15 Sold $830,000 -2.2% $328 / Sq Ft
09/24/2014 09/24/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $849,000 -- $336 / 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 $19,157 $2,375,000 $915,000 $1,460,000
2023 $19,669 $2,175,000 $838,000 $1,337,000
2022 $16,285 $2,623,000 $1,013,000 $1,610,000
2021 $16,558 $1,840,000 $715,000 $1,125,000
2020 $16,344 $1,722,000 $615,000 $1,107,000
2018 $15,373 $1,682,000 $603,000 $1,079,000
2017 $4,795 $1,527,000 $541,000 $986,000
2016 $7,076 $481,000 $481,000 $0
2015 $5,664 $713,000 $549,000 $164,000
2014 -- $546,000 $545,000 $1,000
2013 -- $497,000 $496,000 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 663834

Northwest Multiple Listing Service (NWMLS)

APN: 180790-0300