NOT LISTED FOR SALE

547 Index Place NE Renton, WA 98056

Sunset Neighborhood

Estimated Value: $962,803 - $1,035,000

6 Beds
3 Baths
2,620 Sq Ft
$382/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $845,000 $323 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,216/month

About This Home

As of September 2021

Prime for cosmetic repositioning, all tenants on MTM leases with zero delinquency. Listing team has factored in a $10k/unit
rehab budget to renovate units and achieve market rents. The Index Place Fourplex is well-positioned in an amenity rich pocket of Renton with quick access to I-405, allowing ease of travel to Bellevue and Seattle while providing a residential feel with affordable rents in the area. It is a single story building with 6 surface parking stalls. Unit mix consists of one studio, one 1-bed, one 2-bed, and one 3-bed. The property sits on 0.2 acres with 2,620 NRSF.

Last Agent to Sell the Property

Casey Zejdlik

Pilot Ventures LLC License #88121 Listed on: 09/15/2021

Co-Listed By

Matt Johnston

Northmarq Multifamily, LLC License #135732

Last Buyer's Agent

Viktor Semko

COMPASS License #132604

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1840777

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,727

Year Built

  • Built in 1960

Lot Details

  • 8,611 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,620 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Highlands Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7227800620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,727

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1960
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2620
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood, Wood Products
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Parcel Number: 7227800620
  • Lot Size Acres: 0.1977
  • Lot Size Sq Ft: 8611
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Rental Info

  • Furnished: Unfurnished
  • TotalMonthlyIncome: 5350

Multi Family

  • Gross Scheduled Income: 64200
  • Net Operating Income: 45162
  • Number Of Units Total: 4
  • Leasable Area: 2620
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2021
Closed on
Aug 19, 2021
Sold by
Sjs 547 Llc
Bought by
Zhao Yumu and Furneaux Justin William
Seller's Agent
Casey Zejdlik
Pilot Ventures LLC
Buyer's Agent
Viktor Semko
COMPASS
List Price
$845,000
Sold Price
$845,000
Current Estimated Value
$1,000,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,201
Avg. Annual Appreciation
4.59%
Original Mortgage
$633,750
Outstanding Balance
$582,136
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$418,065

Purchase Details

Listed on
Jun 1, 2016
Closed on
Jun 21, 2016
Sold by
Jones Troy and Jones Jana
Bought by
Sjs 547 Llc
Seller's Agent
Derek Catherall
Windermere Real Estate/PSK Inc
Buyer's Agent
Jason Kono
Pilot Ventures LLC
List Price
$500,000
Sold Price
$506,000
Premium/Discount to List
$6,000
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%

Purchase Details

Closed on
Sep 17, 2003
Sold by
Luck Sheldon and Luck Laura
Bought by
Jones Troy and Jones Jana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,800
Interest Rate
4.06%

Purchase Details

Closed on
Apr 20, 1995
Sold by
Painter Louis G and Painter Teresa
Bought by
Shultz Laura L and Luck Sheldon J B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
8.77%
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
Zhao Yumu $845,000 None Available
Sjs 547 Llc $506,000 Ticor National
Jones Troy $271,000 Washington Tit
Shultz Laura L $171,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Yumu $633,750
Previous Owner Sjs 547 Llc $379,500
Previous Owner Jones Troy $34,300
Previous Owner Jones Troy $216,800
Previous Owner Shultz Laura L $177,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $845,000 0.0% $323 / Sq Ft
09/15/2021 09/15/21 For Sale $845,000 +67.0% $323 / Sq Ft
06/23/2016 06/23/16 Sold $506,000 +1.2% $193 / Sq Ft
06/03/2016 06/03/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $500,000 -- $191 / 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 $7,727 $752,000 $172,200 $579,800
2023 $7,402 $769,000 $172,200 $596,800
2022 $7,403 $766,000 $167,900 $598,100
2021 $7,312 $663,000 $159,300 $503,700
2020 $7,111 $628,000 $159,300 $468,700
2018 $5,946 $514,000 $154,900 $359,100
2017 $5,049 $452,000 $146,300 $305,700
2016 $4,560 $376,000 $146,300 $229,700
2015 $3,436 $344,000 $146,300 $197,700
2014 -- $271,000 $147,000 $124,000
2013 -- $213,000 $121,000 $92,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1840777

Northwest Multiple Listing Service (NWMLS)

APN: 722780-0620