NOT LISTED FOR SALE

441 NE Alder St Unit 1 & 2 Issaquah, WA 98027

Olde Town Neighborhood

Estimated Value: $641,000 - $1,502,000

3 Beds
1 Bath
3,160 Sq Ft
$315/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $1,250,000 $396 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $6,192/month

39 Days on Market

Highlights

  • Patio
  • Forced Air Heating System
  • High Speed Internet
  • Clark Elementary School Rated A

About This Home

As of January 2024

A rare opportunity to acquire two adjacent townhome condominium units in Issaquah's Olde Town, where vibrant eateries, theatre, parks, trailheads are more are a short stroll away. This property is now available for sale for the first time in over two decades. Each well-maintained unit boasts an ideal 3-bedrooms and 2.25-bathromm layout over a spacious 1,580 square feet of living space, ideal for anyone who is drawn to Issaquah, one of the most sought-after submarkets. While the property is profitable in its current operations, new owner can increase cash flow by lifting rents to market and enjoy greater appreciation in property value by selling each condominium unit individually to homebuyers at a later time.

Last Listed By

Michael Yeh

Kidder Mathews License #21032957 Listed on: 11/14/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2179900

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,882

Year Built

  • Built in 1998

Lot Details

  • 6,350 Sq Ft Lot
  • Property is in good condition

HOA Fees

  • $416 Monthly HOA Fees

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,160 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Outdoor Features

  • Patio

Schools

  • Clark Elementary School
  • Issaquah Mid Middle School
  • Issaquah High School

Utilities

  • Forced Air Heating System
  • High Speed Internet

Community Details

  • Downtown Issaquah Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0103200010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,882

Year Built

Built in 1998

Lot Details

0

HOA Fees

$416 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1998
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3160
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 307

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Issaquah
  • WaterCompany: City of Issaquah
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 416
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Issaquah
  • High School: Issaquah High
  • Middle Or Junior School: Issaquah Mid

Lot Info

  • Parcel Number: 0103200010
  • Lot Size Acres: 0.1458
  • Lot Size Sq Ft: 6350
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 5295

Multi Family

  • Gross Scheduled Income: 65685
  • Net Operating Income: 43233
  • Number Of Units Total: 2
  • Insurance Expense: 682
  • Leasable Area: 3160
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 10882
  • AdditionalTaxIds: 0103200020

MLS Schools

  • Elementary School: Clark Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2025
Sold by
Ck Holdings Limited Llc
Bought by
Lohman Kevin James and Lohman Cynthia Oh
Total Days on Market
39
Current Estimated Value
$994,487

Purchase Details

Listed on
Nov 14, 2023
Closed on
Jan 18, 2024
Sold by
Sik Ku Tay and Tay Sik Ku
Bought by
Ck Holdings Limited Llc
Seller's Agent
Michael Yeh
Kidder Mathews
List Price
$1,500,000
Sold Price
$1,250,000
Premium/Discount to List
-$250,000
-16.67%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.49%
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
Lohman Kevin James $313 None Listed On Document
Lohman Kevin James $313 None Listed On Document
Ck Holdings Limited Llc $1,250,000 Fidelity National Title
Ck Holdings Limited Llc $1,250,000 Fidelity National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2024 01/19/24 Sold $1,250,000 -16.7% $396 / Sq Ft
12/23/2023 12/23/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $1,500,000 -- $475 / 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 $5,971 $723,000 $174,600 $548,400
2023 $5,098 $790,000 $174,600 $615,400
2022 $5,785 $670,000 $158,700 $511,300
2021 $5,845 $624,000 $127,000 $497,000
2020 $6,105 $586,000 $127,000 $459,000
2018 $4,293 $458,000 $111,100 $346,900
2017 $3,886 $416,000 $111,100 $304,900
2016 $3,503 $391,000 $95,200 $295,800
2015 $3,551 $346,000 $95,200 $250,800
2014 -- $345,000 $76,200 $268,800
2013 -- $280,000 $76,200 $203,800
Source: Public Records

Agents Affiliated with this Home

  • Michael Yeh

    Seller's Agent in 2024

    Michael Yeh

    Kidder Mathews

    (425) 532-6370

    1 in this area

    1 Total Sale

    Michael Yeh
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2179900

Northwest Multiple Listing Service (NWMLS)

APN: 010320-0010

Washington King County Issaquah 98027 Olde Town

441 NE Alder St Unit 1 & 2, Issaquah, WA

This home is located at 441 NE Alder St Unit 1 & 2, Issaquah, WA 98027 since 14 November 2023 and is currently estimated at $994,487, approximately $314 per square foot. This property was built in 1998. 441 NE Alder St Unit 1 & 2 is a home located in King County with nearby schools including Clark Elementary School, Issaquah Middle School, and Issaquah High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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