NOT LISTED FOR SALE

Estimated Value: $858,000 - $954,000

4 Beds
2 Baths
1,640 Sq Ft
$548/Sq Ft Est. Value

Last Sold October 19, 2016

Last sale price $550,000 $335 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,616/month

67 Days on Market

Highlights

  • Wall to Wall Carpet
  • Clark Elementary School Rated A
  • 1-Story Property

About This Home

As of October 2016

Investors! This is your chance to buy a wonderful duplex located in the heart of Downtown Issaquah. 2 bedroom and 1 bath with 815 sq. ft. per unit. The exterior has been newly painted. This is your golden opportunity to buy a limited supply of multi-family units still available in King County at a great price. This property has a quiet back yard facing a peaceful and tranquil creek. Minutes walk to Downtown Issaquah. This is your great opportunity!

Last Agent to Sell the Property

Cyman Huang

Real Broker LLC License #25679 Listed on: 06/25/2016

Real Broker LLC

Last Buyer's Agent

Cyman Huang

Real Broker LLC License #25679 Listed on: 06/25/2016

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 936629

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,685

Year Built

  • Built in 1964

Lot Details

  • 9,583 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,640 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

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

Community Details

  • Issaquah Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2724069155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,685

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1964
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1640
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 279

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2400

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 1500

Schools

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

Lot Info

  • Parcel Number: 2724069155
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 2600

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 20300
  • Number Of Units Total: 2
  • Electric Expense: 2160
  • Insurance Expense: 1095
  • Leasable Area: 1630
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3685

MLS Schools

  • Elementary School: Clark Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2023
Sold by
Song Wenduan
Bought by
Yang Yongjun
Total Days on Market
67
Current Estimated Value
$898,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$505,064
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$397,255

Purchase Details

Closed on
Jul 27, 2017
Sold by
Song Wenduan and Zhao Feng
Bought by
Song Wenduan

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
3.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jun 25, 2016
Closed on
Oct 19, 2016
Sold by
Sc Equity Llc
Bought by
Song Wen Duan
Seller's Agent
Cyman Huang
Real Broker LLC
Buyer's Agent
Cyman Huang
Real Broker LLC
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%

Purchase Details

Listed on
Jun 25, 2016
Closed on
Oct 18, 2016
Sold by
Lee Frederick C
Bought by
Sc Equity Llc
Seller's Agent
Cyman Huang
Real Broker LLC
Buyer's Agent
Cyman Huang
Real Broker LLC
List Price
$550,000
Sold Price
$550,000

Purchase Details

Closed on
Dec 16, 2004
Sold by
Hu Chiiwen Kevin and Hu Hueiming Minna
Bought by
Lee Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2003
Sold by
Bumstead Stephen A and Bumstead Tanya A
Bought by
Hu Chiiwen Kevin and Hu Hueiming Minna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2002
Sold by
Possanza Charles A and Possanza Carol L
Bought by
Bumstead Stephen A and Bumstead Tanya A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
5.99%
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
Yang Yongjun $850,000 First American Title
Song Wenduan -- Wfg Natl Title Co Of Wa Llc
Song Wen Duan -- None Available
Sc Equity Llc $550,000 Cw Title Co
Lee Fred $305,000 Chicago Title
Hu Chiiwen Kevin $277,000 Commonwealth L
Bumstead Stephen A $220,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Yongjun $510,000
Previous Owner Song Wenduan $330,000
Previous Owner Lee Fred $255,500
Previous Owner Lee Frederick C $262,500
Previous Owner Lee Fred $274,500
Previous Owner Hu Chiiwen Kevin $207,750
Previous Owner Bumstead Stephen A $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2016 10/19/16 Sold $550,000 0.0% $335 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
08/29/2016 08/29/16 Price Changed $550,000 0.0% $335 / Sq Ft
08/29/2016 08/29/16 For Sale $550,000 0.0% $335 / Sq Ft
07/20/2016 07/20/16 Off Market $550,000 -- --
07/01/2016 07/01/16 Pending -- -- --
06/25/2016 06/25/16 For Sale $518,888 -- $316 / 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 $6,843 $829,000 $475,000 $354,000
2023 $6,606 $707,000 $406,000 $301,000
2022 $5,148 $869,000 $500,000 $369,000
2021 $4,652 $555,000 $365,000 $190,000
2020 $4,681 $466,000 $312,000 $154,000
2018 $4,232 $474,000 $320,000 $154,000
2017 $3,649 $410,000 $280,000 $130,000
2016 $3,685 $367,000 $260,000 $107,000
2015 $3,397 $364,000 $209,000 $155,000
2014 -- $330,000 $190,000 $140,000
2013 -- $287,000 $173,000 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 936629

Northwest Multiple Listing Service (NWMLS)

APN: 272406-9155