Listed by John L. Scott, Inc, Bought with John L. Scott, Inc
NOT LISTED FOR SALE

Estimated Value: $965,000 - $1,069,000

12 Beds
8 Baths
3,996 Sq Ft
$254/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $800,000 $200 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,282/month

3 Days on Market

Highlights

  • Territorial View
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Corner Lot
  • Wood Siding

About This Home

As of April 2021

Amazing Investment Opportunity, Nice 4 Plex conveniently located minutes off the freeway in Seatac, Fully Rented, Spacious 1000 sq ft 3 bedroom units, all leases are month to month so lots of upside potential, current rents are below market, units are in average condition, update the units and get even more rent, this is a cash cow, Separate laundry room, brand new roof, plenty of parking, Great location close to buses, I-5, and parks

Last Agent to Sell the Property

Thach Nguyen

John L. Scott, Inc License #41595 Listed on: 11/27/2020

John L. Scott, Inc

Last Buyer's Agent

Phillip Rodocker

John L. Scott, Inc License #23636

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1693190

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,406

Year Built

  • Built in 1976

Lot Details

  • 9,567 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,996 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Schools

  • Bow Lake Elementary School
  • Chinook Mid Middle School
  • Tyee High School

Community Details

  • Maynard's Lake Wa Condos
  • Seatac Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 119
  • Assessor Parcel Number 2076800010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,406

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Maynard's Lake WA
  • New Construction: No
  • CalculatedSquareFootage: 3996
  • Special Features: None
  • Cumulative Days on Market: 343

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Midway Sewer District
  • WaterCompany: Highline Water District
  • WaterSewerGarbage: 4000

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Highline
  • High School: Tyee High
  • Middle Or Junior School: Chinook Mid

Lot Info

  • Parcel Number: 2076800010
  • Lot Size Acres: 0.2196
  • Lot Size Sq Ft: 9567
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family
  • LotNumber: 7

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 5750

Multi Family

  • Gross Scheduled Income: 69000
  • Net Operating Income: 52796
  • Number Of Units Total: 4
  • Electric Expense: 800
  • Insurance Expense: 1998
  • Leasable Area: 3996
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 9406

MLS Schools

  • Elementary School: Bow Lake Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2024
Sold by
Dhillon Karandeep
Bought by
Dcs Living Trust
Current Estimated Value
$1,013,862

Purchase Details

Closed on
Feb 18, 2023
Sold by
Singh Charanjit
Bought by
Dcs Living Trust

Purchase Details

Closed on
Feb 16, 2023
Sold by
Dcs Living Trust Of King County
Bought by
Dhillon Kamaljit and Singh Charanjit

Purchase Details

Closed on
Feb 8, 2022
Sold by
Charanjit Singh
Bought by
Dcs Living Trust

Purchase Details

Listed on
Nov 27, 2020
Closed on
Mar 18, 2021
Sold by
Brown Simon Jon
Bought by
Singh Charanjit and Dhillon Kamaljit
Seller's Agent
Thach Nguyen
John L. Scott, Inc
Buyer's Agent
Phillip Rodocker
John L. Scott, Inc
List Price
$800,000
Sold Price
$800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$773,300
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 13, 2020
Sold by
Preet Virk
Bought by
Dhillon Karandeep

Purchase Details

Closed on
Aug 14, 2014
Sold by
Salkin Andrew and Salkin Barbara
Bought by
Brown Simon Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,100
Interest Rate
4.11%

Purchase Details

Closed on
Nov 20, 2002
Sold by
Potter Terry A and Potter Rebecca J
Bought by
Salkin Andrew and Salkin Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.28%

Purchase Details

Closed on
May 3, 2002
Sold by
Sundquist Norman L and Sundquist Joann L
Bought by
Potter Terry A and Potter Rebecca J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,500
Interest Rate
7.18%
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
Dcs Living Trust $313 None Listed On Document
Dcs Living Trust -- None Listed On Document
Dhillon Kamaljit -- --
Dcs Living Trust $313 None Listed On Document
Dcs Living Trust $313 None Listed On Document
Singh Charanjit $800,000 Ticor Title
Dhillon Karandeep $313 None Listed On Document
Brown Simon Jon $490,800 Ticor National
Salkin Andrew $410,000 Washington Tit
Potter Terry A $297,500 Washington Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Charanjit $773,300
Previous Owner Brown Simon Jon $368,100
Previous Owner Salkin Andrew $300,700
Previous Owner Potter Terry A $207,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2021 04/13/21 Sold $800,000 0.0% $200 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
11/27/2020 11/27/20 For Sale $800,000 -- $200 / 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 $8,776 $781,000 $211,000 $570,000
2023 $9,916 $850,000 $211,000 $639,000
2022 $10,415 $976,000 $184,000 $792,000
2021 $9,651 $826,000 $162,000 $664,000
2020 $9,406 $740,000 $160,000 $580,000
2018 $7,681 $564,000 $130,000 $434,000
2017 $6,798 $525,000 $115,600 $409,400
2016 $5,995 $470,000 $115,600 $354,400
2015 -- $425,000 $79,000 $346,000
2014 -- $367,000 $79,000 $288,000
2013 -- $400,000 $79,000 $321,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1693190

Northwest Multiple Listing Service (NWMLS)

APN: 207680-0010