Listed by Windermere Real Estate/PSR Inc
NOT LISTED FOR SALE

Estimated Value: $608,000 - $641,000

5 Beds
3 Baths
2,100 Sq Ft
$298/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $385,000 $183 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,898/month

3 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Patio
  • Hazelwood Elementary School Rated 9+
  • Thermal Windows
  • Wood Siding

About This Home

As of March 2016

Great opportunity to own! Fantastic triplex property (duplex plus separate unit) that's always rented! Low maintenance units in awesome location near the Landing mall, Renton Boeing, Paccar, Fry's, Ikea, I-405, SR-167, Seatac airport, Bellevue, I-90, Rainier Ave., MLK Way and more! One 3 bedroom unit and 2 one bedroom units. Duplex has a shared laundry room. Great investment or owner occupied property! View discreetly. Great CAP rate of 6%+ (buyer to verify)! Lots of off-street parking.

Last Agent to Sell the Property

Bill Grover

Windermere Real Estate/PSR Inc License #8226 Listed on: 03/03/2016

Windermere Real Estate/PSR Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 903536

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,007

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 4,838 Sq Ft Lot
  • Corner Lot

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Patio
  • Outbuilding

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Legal Lot and Block 18 / 10
  • Assessor Parcel Number 7224000925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,007

Year Built

Built in 1940 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1940
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2100
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 365

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood, Wood Products
  • Foundation Details: Post & Pillar, Slab
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Renton
  • WaterCompany: Renton
  • WaterSewerGarbage: 3600

Schools

  • Junior High Dist: Renton

Lot Info

  • Parcel Number: 7224000925
  • Lot Size Acres: 0.1111
  • Lot Size Sq Ft: 4838
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings,Patio
  • MLSLotSizeSource: KCR
  • ZoningClass: Residential
  • LotNumber: 18

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2500

Multi Family

  • Gross Scheduled Income: 30000
  • Net Operating Income: 22641
  • Number Of Units Total: 3
  • Insurance Expense: 752
  • Leasable Area: 2100
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2021
Sold by
Pizzini Tony and Pizzini Geraldyne
Bought by
Pizzini Tony and Pizzini Geraldyne
Current Estimated Value
$626,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Outstanding Balance
$353,098
Interest Rate
2.23%
Mortgage Type
New Conventional
Estimated Equity
$254,504

Purchase Details

Listed on
Mar 3, 2016
Closed on
Mar 29, 2016
Sold by
Kuraspediani Tim
Bought by
Pizzini Antonio Zamora Partida and Vinas Geraldyne Romero
Seller's Agent
Bill Grover
Windermere Real Estate/PSR Inc
List Price
$374,950
Sold Price
$385,000
Premium/Discount to List
$10,050
2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$288,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2003
Sold by
Summs Inc
Bought by
Kuraspediani Tim

Purchase Details

Closed on
Aug 15, 1987
Sold by
Adams Louise Monohan
Bought by
Summ'S Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pizzini Tony -- Accommodation
Pizzini Antonio Zamora Partida $385,000 Cw Title Co
Kuraspediani Tim $184,000 Lawyers Title
Summ'S Inc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pizzini Tony $441,000
Closed Pizzini Antonio Zamora Partida $288,750
Previous Owner Kuraspediani Tim $213,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $385,000 +2.7% $183 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $374,950 -- $179 / 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 $5,885 $573,000 $352,000 $221,000
2023 $4,742 $451,000 $191,000 $260,000
2022 $4,693 $487,000 $202,000 $285,000
2021 $4,358 $417,000 $167,000 $250,000
2020 $4,242 $370,000 $148,000 $222,000
2018 $4,392 $343,000 $148,000 $195,000
2017 $3,832 $334,000 $123,000 $211,000
2016 $3,489 $286,000 $105,000 $181,000
2015 $3,007 $263,000 $97,000 $166,000
2014 -- $237,000 $86,000 $151,000
2013 -- $190,000 $79,000 $111,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 903536

Northwest Multiple Listing Service (NWMLS)

APN: 722400-0925