Listed by Globenex Realty, Bought with Lake & Company
NOT LISTED FOR SALE

Estimated Value: $557,109 - $973,000

4 Beds
3 Baths
2,160 Sq Ft
$334/Sq Ft Est. Value

Last Sold July 21, 2018

Last sale price $435,000 $201 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,486/month

4 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of July 2018

Great investment w/ excellent cash flow! Lots of renovation has been done. Home-style multi-family. Duplex zoned. Two power meters. Unit-A: 3bed 2bath family room and rec-room (or can be the 4th bed) rent $1595. Substantial Remodeling last year; Unit-B: A studio. Long term tenants since 2008. Rent $675(below market. Same rent for 4 years). Bus #107 runs between Beacon Hill & Renton Transit Ctr till midnight. Watch 3D Walk-Tour!

Last Agent to Sell the Property

Jessica Chin

Globenex Realty License #107578 Listed on: 05/29/2018

Last Buyer's Agent

Chris Randall

Lake & Company License #113817

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1301370

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,062

Year Built

  • Built in 1941

Lot Details

  • 5,884 Sq Ft Lot

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • White Rainier Beach Gardens Add Condos
  • Rainier Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block 10 / 6
  • Assessor Parcel Number 9368700280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,062

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1941
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: White Rainier Beach Gardens Add
  • New Construction: No
  • CalculatedSquareFootage: 2160
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you for bringing buyer !
  • Special Features: VirtualTour
  • Cumulative Days on Market: 361

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 886

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9368700280
  • Lot Size Acres: 0.1351
  • Lot Size Sq Ft: 5884
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: See Remarks
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 10

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3265

Multi Family

  • Gross Scheduled Income: 14816
  • Net Operating Income: 9512
  • Number Of Units Total: 2
  • Electric Expense: 154
  • Insurance Expense: 1202
  • Leasable Area: 2160
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3062

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Jul 18, 2018
Sold by
Chin Michael
Bought by
Randall Christopher B
Seller's Agent
Jessica Chin
Globenex Realty
Buyer's Agent
Chris Randall
Lake & Company
List Price
$429,900
Sold Price
$435,000
Premium/Discount to List
$5,100
1.19%
Current Estimated Value
$720,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,777
Avg. Annual Appreciation
5.58%
Original Mortgage
$398,351
Outstanding Balance
$343,916
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$296,171

Purchase Details

Closed on
May 13, 2011
Sold by
Castelblanco Orlando and Castelblanco Lesly V
Bought by
Chin Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.84%

Purchase Details

Closed on
Jun 11, 2008
Sold by
Solorzano Pacheco Inocenta
Bought by
Castelblanco Orlando and Castelblanco Lesly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,875
Interest Rate
6.05%

Purchase Details

Closed on
Sep 6, 2007
Sold by
Mcmurtry Lenora
Bought by
Solorzano Pacheco Inocenta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,100
Interest Rate
6.67%

Purchase Details

Closed on
Jan 4, 1988
Sold by
Swain Ernest W
Bought by
Ford Dorothy
Source: Public Records

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
Randall Christopher B $435,000 First American Title
Chin Michael $185,000 Fidelity Natio
Castelblanco Orlando $425,000 Commonwealth Land Title
Solorzano Pacheco Inocenta $278,000 Fidelity National Title
Ford Dorothy $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Randall Christopher B $398,351
Previous Owner Chin Michael G $187,600
Previous Owner Chin Michael $123,750
Previous Owner Castelblanco Orlando $371,875
Previous Owner Solorzano Pacheco Inocenta $264,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2018 07/21/18 Sold $435,000 +1.2% $201 / Sq Ft
06/02/2018 06/02/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $429,900 -- $199 / 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 $6,702 $638,000 $206,000 $432,000
2023 $6,171 $597,000 $176,000 $421,000
2022 $5,158 $666,000 $176,000 $490,000
2021 $4,919 $507,000 $147,000 $360,000
2020 $4,801 $460,000 $134,000 $326,000
2018 $3,639 $407,000 $128,000 $279,000
2017 $3,062 $329,000 $104,000 $225,000
2016 $2,784 $283,000 $92,000 $191,000
2015 $2,357 $251,000 $82,000 $169,000
2014 -- $215,000 $71,000 $144,000
2013 -- $178,000 $62,000 $116,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1301370

Northwest Multiple Listing Service (NWMLS)

APN: 936870-0280