NOT LISTED FOR SALE

5301 Sand Point Way NE Seattle, WA 98105

Windermere Neighborhood

Estimated Value: $985,000 - $1,164,000

4 Beds
3 Baths
2,000 Sq Ft
$531/Sq Ft Est. Value

Last Sold October 10, 2019

Last sale price $875,000 $438 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,779/month

79 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Wood Siding
  • Eckstein Middle School Rated A-
  • Property is Fully Fenced
  • 4-minute walk to Pathways Park

About This Home

As of October 2019

New price!!! Great investment opportunity you don't want to miss - Sand Point Duplex! Buy 4 beds get 6 (2 non-conforming) with very strong rental income. Or live in one, and rent the other! Full size washer and dryer in both units. Fully fenced front and rear yard, brand new in 2018. Located right next to Children's Hospital and a short drive from the UW. Backyard stairs lead straight to the Burke-Gilman, and a quick bike ride to Magnuson Park and Lake Washington!

Last Agent to Sell the Property

Luna Wang

Skyline Properties, Inc. License #136586 Listed on: 06/18/2019

Skyline Properties, Inc.

Co-Listed By

Patricia Hill

John L Scott RE West Seattle License #16932

Last Buyer's Agent

Matt Martel

SPIRE ONE Realty License #112027

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1473138

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,135

Year Built

  • Built in 1947

Lot Details

  • 4,150 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Utilities

  • Cable TV Available

Community Details

  • Sand Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1625049153

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,135

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1947
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2000
  • Special Features: None
  • Cumulative Days on Market: 351

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Forced Air, Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utility
  • WaterCompany: Seattle Public Utility
  • WaterSewerGarbage: 3694

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 649

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1625049153
  • Lot Size Acres: 0.0953
  • Lot Size Sq Ft: 4150
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 7345

Multi Family

  • Gross Scheduled Income: 88128
  • Net Operating Income: 45286
  • Number Of Units Total: 2
  • Electric Expense: 1354
  • Insurance Expense: 1046
  • Leasable Area: 2000
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 34

Tax Info

  • Year: 2018
  • Tax Annual Amount: 6135

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2019
Closed on
Oct 4, 2019
Sold by
Middle Kingdom Llc
Bought by
Xu Zhiguo and Li Yiyuan
Seller's Agent
Luna Wang
Skyline Properties, Inc.
Buyer's Agent
Matt Martel
SPIRE ONE Realty
List Price
$998,500
Sold Price
$875,000
Premium/Discount to List
-$123,500
-12.37%
Total Days on Market
79
Current Estimated Value
$1,061,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,017
Avg. Annual Appreciation
4.73%
Original Mortgage
$656,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2018
Sold by
Truman Micah and Wang Fang
Bought by
Middle Kingdom Llc

Purchase Details

Closed on
May 24, 2018
Sold by
Truman Micah and Wang Fang
Bought by
Middle Kingsom Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2018
Sold by
Middle Kingdom Llc
Bought by
Truman Micah and Wang Fang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2015
Sold by
Truman Micah and Fang Wang
Bought by
Middle Kingdom Llc

Purchase Details

Closed on
Jan 2, 2013
Sold by
Sand Point Llc
Bought by
Truman Micah and Wang Fang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2012
Sold by
Truman Micah and Wang Fang
Bought by
Sand Point Llc

Purchase Details

Closed on
Apr 14, 2011
Sold by
530103 Llc
Bought by
Truman Micah and Wang Fang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2010
Sold by
Mitchell Timothy and Mitchell Kimberly
Bought by
530103 Llc

Purchase Details

Closed on
Jun 13, 2003
Sold by
Solomon Robert E
Bought by
Mitchell Timothy and Mitchell Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 1997
Sold by
Northwestern Trust & Investors Advisory
Bought by
Solomon Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,440
Interest Rate
7.33%

Purchase Details

Closed on
Jul 2, 1997
Sold by
Saltvig Lillian E
Bought by
Saltvig Lillian E and Saltvig Robert Donald
Source: Public Records

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Range of Values:

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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
Xu Zhiguo $875,000 Old Republic Title Ltd
Middle Kingdom Llc -- None Available
Middle Kingsom Llc -- None Available
Truman Micah -- First American Mortgage Solu
Middle Kingdom Llc -- None Available
Truman Micah -- None Available
Truman Micah -- Cw Title Co
Sand Point Llc -- None Available
Truman Micah $379,649 Commonwealth L
530103 Llc -- None Available
Mitchell Timothy $355,000 Chicago Title
Solomon Robert E $195,200 Evergreen Title Company Inc
Saltvig Lillian E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xu Zhiguo $653,900
Closed Xu Zhiguo $656,250
Previous Owner Truman Micah $468,000
Previous Owner Truman Micah $284,000
Previous Owner Truman Micah $285,000
Previous Owner Mitchell Kimberly Lasher $311,000
Previous Owner Mitchell Timothy $284,000
Previous Owner Solomon Robert E $185,440
Closed Mitchell Timothy $35,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2019 10/10/19 Sold $875,000 +1.9% $438 / Sq Ft
09/05/2019 09/05/19 Pending -- -- --
09/01/2019 09/01/19 Price Changed $858,500 -4.5% $429 / Sq Ft
07/10/2019 07/10/19 Price Changed $898,500 -10.0% $449 / Sq Ft
06/18/2019 06/18/19 For Sale $998,500 -- $499 / 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 $9,878 $1,010,000 $814,000 $196,000
2023 $8,917 $925,000 $756,000 $169,000
2022 $7,476 $1,116,000 $720,000 $396,000
2021 $6,831 $792,000 $493,000 $299,000
2020 $6,800 $684,000 $418,000 $266,000
2018 $6,135 $666,000 $405,000 $261,000
2017 $5,437 $603,000 $367,000 $236,000
2016 $5,222 $552,000 $336,000 $216,000
2015 $4,453 $519,000 $281,000 $238,000
2014 -- $451,000 $257,000 $194,000
2013 -- $388,000 $222,000 $166,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1473138

Northwest Multiple Listing Service (NWMLS)

APN: 102504-9153