NOT LISTED FOR SALE

Estimated Value: $1,123,000

6 Beds
6 Baths
38,340 Sq Ft
$29/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $7,900,000 $206 Per Sq Ft

Current estimated payment $6,705/month

41 Days on Market

Highlights

  • 2.61 Acre Lot
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Deck
  • Wood Siding

About This Home

As of October 2021

Well maintain 7 buildings Townhouse complex. Each unit with 1420SF and 2.5 bathrooms and huge back yard.
Safety community and easy access to I-5 and I-405. Drive 5-10 minutes to commercial area. No sale signs and
all occupied and not bother the tenants.

Last Listed By

Dan Zhou

Globenex Realty License #112373 Listed on: 07/06/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1803144

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $67,425

Year Built

  • Built in 1983

Lot Details

  • 2.61 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 38,340 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 54 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Meadowdale Mid Middle School
  • Meadowdale High School

Community Details

  • Meadowdale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00718800000300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$67,425

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1983
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 38340
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 288

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 54
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Available
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Electric
  • PowerCompany: PUD
  • SewerCompany: Alderwood
  • WaterCompany: Alderwood
  • WaterSewerGarbage: 22926

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds
  • High School: Meadowdale High
  • Middle Or Junior School: Meadowdale Mid

Lot Info

  • Parcel Number: 00718800000300
  • Lot Size Acres: 2.61
  • Lot Size Sq Ft: 113692
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: false
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: county
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 46648

Multi Family

  • Gross Scheduled Income: 562069
  • Number Of Units Total: 27
  • Electric Expense: 2673
  • Insurance Expense: 8126
  • Leasable Area: 38340
  • EnergySource: Electric
  • UnitsInBuildingTotal: 27
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 67425
  • AdditionalTaxIds: 00718800000400,00718800000500,00718800000600

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2022
Sold by
Kang and Margaret
Bought by
Mpt Aut Llc
Total Days on Market
41
Current Estimated Value
$1,123,000

Purchase Details

Listed on
Jul 6, 2021
Closed on
Oct 21, 2021
Sold by
Zhou Family Limited Partnership
Bought by
Kang William and Kang Margaret
Seller's Agent
Dan Zhou
Globenex Realty
Buyer's Agent
Mira Jeong
Skyline Properties, Inc.
List Price
$7,900,000
Sold Price
$7,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-41.30%
Original Mortgage
$4,650,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 2016
Sold by
Meadow Nine Llc
Bought by
Zhou Family Limited Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,975,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2003
Sold by
Hillis Larry O and Hillis Veralene
Bought by
Meadow Nine Llc

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
Mpt Aut Llc $313 None Listed On Document
Kang William $7,900,000 Fidelity National Title
Zhou Family Limited Partnership $4,250,000 Fidelity Natl Title Co Wa In
Meadow Nine Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kang William $4,650,000
Previous Owner Zhou Family Lp $2,975,000
Previous Owner Meadow Nine Llc $2,692,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $7,900,000 0.0% $206 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $7,900,000 -- $206 / 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
2025 $8,934 $1,113,200 $532,000 $581,200
2024 $8,934 $1,051,700 $445,000 $606,700
2023 $7,979 $974,700 $435,000 $539,700
2022 $8,110 $810,000 $385,000 $425,000
2020 $7,493 $660,000 $233,100 $426,900
2019 $6,577 $573,000 $202,700 $370,300
2018 $6,676 $513,000 $184,300 $328,700
2017 $5,935 $470,000 $167,500 $302,500
2016 $4,894 $384,000 $159,500 $224,500
2015 $4,608 $342,000 $152,000 $190,000
2013 $4,274 $300,000 $152,000 $148,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1803144

Northwest Multiple Listing Service (NWMLS)

APN: 007188-000-003-00