NOT LISTED FOR SALE

Estimated Value: $812,000 - $967,106

-- Bed
4 Baths
2,304 Sq Ft
$395/Sq Ft Est. Value

Last Sold November 06, 2019

Last sale price $660,000 $286 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,639/month

7 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Patio
  • Territorial View
  • Thermal Windows
  • 3-minute walk to Burnett Linear Park

About This Home

As of November 2019

Wonderful investment opportunity in downtown Renton! Well-maintained 4-plex consists of two 2-bedroom townhouse units, and two 1-bedroom units. Over $50K Updates throughout: newer deck, hot water tanks, interior paint and appliances, newer laminate floor. A fabulous location within walking distance of transit center, shopping, restaurants. Includes 6 total parking spots and minimal landscape maintenance. Nearby are public parks, Renton Technical College, Boeing, The Landing and Southcenter Mall.

Co-Listed By

Cuixiu Zheng

Better Properties Eastside License #112825

Better Properties Eastside

Last Buyer's Agent

Jianing Zhang

Best Choice Realty LLC License #125927

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1523203

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,186

Year Built

  • Built in 1986

Lot Details

  • 4,165 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,304 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Bryn Mawr Elementary School
  • Dimmitt Mid Middle School
  • Renton Snr High School

Community Details

  • Downtown Renton Subdivision

Listing and Financial Details

  • Legal Lot and Block 9 / 36
  • Assessor Parcel Number 7840300045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,186

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2304
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 363

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Renton
  • WaterCompany: City of Renton
  • WaterSewerGarbage: 6158

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Renton
  • High School: Renton Snr High
  • Middle Or Junior School: Dimmitt Mid

Lot Info

  • Parcel Number: 7840300045
  • Lot Size Acres: 0.0956
  • Lot Size: 4165
  • Lot Size Sq Ft: 4165
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: KCR
  • LotNumber: 9

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 4835

Multi Family

  • Gross Scheduled Income: 54326
  • Net Operating Income: 38887
  • Number Of Units Total: 4
  • Electric Expense: 444
  • Insurance Expense: 1133
  • Leasable Area: 2304
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6186

MLS Schools

  • Elementary School: Bryn Mawr Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2019
Closed on
Nov 4, 2019
Sold by
First Lake Bel Investment Llc
Bought by
Wang Kai and Zhang Jianing
Buyer's Agent
Jianing Zhang
Best Choice Realty LLC
List Price
$660,000
Sold Price
$660,000
Current Estimated Value
$910,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,035
Avg. Annual Appreciation
4.79%
Original Mortgage
$388,080
Outstanding Balance
$345,078
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$521,054

Purchase Details

Listed on
Jul 28, 2014
Closed on
Jun 22, 2015
Sold by
Castiello Giorgio A and Castiello Janet K
Bought by
The First Lake Bel Investment Llc
Seller's Agent
Ryan Newman
COMPASS
Buyer's Agent
Cuixiu Zheng
Better Properties Eastside
List Price
$519,000
Sold Price
$410,000
Premium/Discount to List
-$109,000
-21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%

Purchase Details

Closed on
Jul 26, 2010
Sold by
Castiello Janet K and Chen Janet
Bought by
Castiello Giorgio A and Castiello Janet K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,500
Interest Rate
4.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2007
Sold by
Gebenini Edo P and Komar Bonnie M
Bought by
Chen Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,400
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1994
Sold by
Gebenini Edo P
Bought by
Gebenini Edo P and Komar Bonnie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
7.1%
Mortgage Type
Commercial
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
Wang Kai $660,000 Ticor Title
The First Lake Bel Investment Llc $410,000 Cw Title Co
Castiello Giorgio A -- Talon Group
Chen Janet $438,000 The Talon Grou
Gebenini Edo P -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Kai $388,080
Previous Owner The First Lake Bel Investment Llc $205,000
Previous Owner Castiello Giorgio A $223,500
Previous Owner Chen Janet $350,400
Previous Owner Gebenini Edo P $134,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2019 11/06/19 Sold $660,000 0.0% $286 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $660,000 +61.0% $286 / Sq Ft
06/26/2015 06/26/15 Sold $410,000 -21.0% $178 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
07/31/2014 07/31/14 For Sale $519,000 -- $225 / 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 $8,162 $753,000 $183,200 $569,800
2023 $7,918 $767,000 $183,200 $583,800
2022 $8,506 $757,000 $174,900 $582,100
2021 $8,164 $712,000 $164,500 $547,500
2020 $7,253 $653,000 $137,400 $515,600
2018 $5,972 $492,000 $116,600 $375,400
2017 $5,279 $415,000 $116,600 $298,400
2016 $4,772 $357,000 $106,200 $250,800
2015 -- $360,000 $95,700 $264,300
2014 -- $297,000 $95,700 $201,300
2013 -- $299,000 $91,600 $207,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1523203

Northwest Multiple Listing Service (NWMLS)

APN: 784030-0045