Listed by KW Greater Seattle, Bought with COMPASS
$785,000
SOLD MAY 22, 2025
5 Beds
2 Baths
1,840 Sq Ft
8,765 Sq Ft Lot

Recently Sold

$427 Per Sq Ft

3% Below List Price

4 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Cul-De-Sac
  • Lake Forest Park Elementary School Rated A-
  • No HOA
  • High Speed Internet

About This Home

As of May 2025

Highly desirable Lake Forest Park income property offers an opportunity for investors or a residential option for owner occupancy. The lower 2 bed/1 bath unit includes a private enclosed patio area, while the upper 3 bed/1 bath unit features multiple decks. The property, situated on a corner lot of over 8500 square feet, provides ample garden space and a large parking area for multiple vehicles. It is conveniently located close to light rail, Mountlake Terrace, Bothell, Shoreline, the 522-corridor businesses, various parks, playfields, and the Burke Gilman Trail. The property is served by the excellent Shoreline schools and offers easy commutes to downtown Seattle, Lynnwood, Edmonds, and the Eastside. Each unit is separately metered.

Last Agent to Sell the Property

Elaine Shankland

KW Greater Seattle License #103857 Listed on: 04/03/2025

KW Greater Seattle

Co-Listed By

Ellie Winter

KW Greater Seattle License #129194

Last Buyer's Agent

Tyler Hopp

COMPASS License #22010405

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2353262

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,626

Year Built

  • Built in 1935

Lot Details

  • 8,765 Sq Ft Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,840 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Lake Forest Park Ele Elementary School
  • Kellogg Mid Middle School
  • Shorecrest High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Forest Park Estates Add Condos
  • Lake Forest Park Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4027701251

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,626

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1935
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Forest Park Estates Add
  • New Construction: No
  • CalculatedSquareFootage: 1840
  • Special Features: None
  • Cumulative Days on Market: 55

Interior Features

  • Possible Use: Residential
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Northshore Utility
  • WaterCompany: Northshore Utility
  • WaterSewerGarbage: 3360

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Shoreline
  • High School: Shorecrest High
  • Middle Or Junior School: Kellogg Mid

Lot Info

  • Parcel Number: 4027701251
  • Lot Size Acres: 0.2012
  • Lot Size Sq Ft: 8765
  • Zoning Description: Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 25
  • LeasedItems: None
  • TotalMonthlyIncome: 2615

Multi Family

  • Gross Scheduled Income: 31380
  • Net Operating Income: 19410
  • Number Of Units Total: 2
  • Insurance Expense: 1684
  • Leasable Area: 1840
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6626

MLS Schools

  • Elementary School: Lake Forest Park Ele

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2025
Closed on
May 20, 2025
Sold by
Chen Danny S and Chen Connie Hon
Bought by
A & M Acquisitions Llc
Seller's Agent
Elaine Shankland
KW Greater Seattle
Buyer's Agent
Tyler Hopp
COMPASS
List Price
$810,000
Sold Price
$785,000
Premium/Discount to List
-$25,000
-3.09%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%
Original Mortgage
$628,000
Outstanding Balance
$628,000
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$169,445

Purchase Details

Closed on
Sep 8, 2010
Sold by
Gower Scott M and Gower Tristin R
Bought by
Chen Danny S and Chen Connie H

Purchase Details

Closed on
May 25, 2006
Sold by
Gower Scott M and Gower Tristin R
Bought by
Gower Scott M and Gower Tristin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 24, 2002
Sold by
Myers Ronald L and Myers Naomi E
Bought by
Gower Scott M and Lindquist Tristin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,600
Interest Rate
7.11%

Purchase Details

Closed on
Feb 5, 1999
Sold by
Johnson James A
Bought by
Myers Ronald L and Myers Naomi E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
6.79%

Purchase Details

Closed on
Oct 21, 1997
Sold by
Wakefield Homes Llc
Bought by
Johnson James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
9.62%

Purchase Details

Closed on
Jun 21, 1996
Sold by
Newell Stanley G and Newell Lois
Bought by
Wakefield Homes Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $785,000 First American Title Insurance
Warranty Deed $307,475 Chicago Title
Interfamily Deed Transfer -- The Talon Grou
Warranty Deed $183,000 Transnation Title Insurance
Warranty Deed $147,000 --
Warranty Deed $125,500 --
Warranty Deed $220,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $628,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $145,600 No Value Available
Previous Owner $117,600 No Value Available
Previous Owner $112,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Sold $785,000 -3.1% $427 / Sq Ft
04/07/2025 04/07/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $810,000 -- $440 / 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 $6,626 $642,000 $405,000 $237,000
2023 $6,212 $556,000 $369,000 $187,000
2022 $6,176 $639,000 $410,000 $229,000
2021 $5,764 $549,000 $297,000 $252,000
2020 $5,678 $462,000 $251,000 $211,000
2018 $4,828 $431,000 $231,000 $200,000
2017 $4,216 $396,000 $212,000 $184,000
2016 $4,185 $356,000 $190,000 $166,000
2015 $4,141 $337,000 $148,000 $189,000
2014 -- $316,000 $138,000 $178,000
2013 -- $262,000 $115,000 $147,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2353262

Northwest Multiple Listing Service (NWMLS)

APN: 402770-1251