NOT LISTED FOR SALE

Estimated Value: $1,079,280 - $1,206,000

-- Bed
-- Bath
3,040 Sq Ft
$374/Sq Ft Est. Value

Last Sold January 24, 2012

Last sale price $300,000 $99 Per Sq Ft

Est. 279% increase in value since last sale

Current estimated payment $7,176/month

160 Days on Market

Highlights

  • Wood Siding
  • Fairmount Park Elementary Rated A-
  • Wall to Wall Carpet

About This Home

As of January 2012

Sale Fail! Your Gain. Investors! 4 plex in Seattle near South Seattle Community College. Great investment opporunity that doesn't come around often. All four units are 2 bed and 1 bath. Parking area behind the building with access from side street to parking lot. Parkin on Delridge Way as well. Units like this don't come along very often. Rents = $3000 per month. Community laundry can be converted to coin op. Several long term tenants.

Last Agent to Sell the Property

Steve Hiatt

Better Properties UP/Fircrest License #103770 Listed on: 05/19/2011

Better Properties UP/Fircrest

Last Buyer's Agent

Maikele Mengesha

The Preview Group License #2034

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 224423

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,708

Year Built

  • Built in 1980

Lot Details

  • 4,800 Sq Ft Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,040 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • West Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1773101930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,708

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3040
  • SOCComments: Subj to lienholder approval. Short sale
  • Special Features: 4108
  • Cumulative Days on Market: 345

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 100

Fee Information

  • Annual Fuel Expense: 100

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 1773101930
  • Lot Size Acres: 0.1102
  • Lot Size Sq Ft: 4800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

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

Multi Family

  • Gross Scheduled Income: 36000
  • Number Of Units Total: 4
  • Electric Expense: 100
  • Insurance Expense: 100
  • Leasable Area: 3040
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2010
  • Tax Annual Amount: 3708

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2019
Sold by
Donald And Martha Ellen J Piercy Trust
Bought by
Piercy Alan Deane
Total Days on Market
160
Current Estimated Value
$1,138,093

Purchase Details

Closed on
Feb 7, 2017
Sold by
Alemu Tikdem Nega
Bought by
Piercy Donald A and Donald & Martha Ellen J Piercy Trust

Purchase Details

Closed on
Jan 5, 2017
Sold by
Donald And Martha Ellen J Piercy Trust
Bought by
Piercy Donald

Purchase Details

Listed on
May 19, 2011
Closed on
Jan 19, 2012
Sold by
Fladseth Lorren G and Fladseth Jeannie S
Bought by
Alemu Tikdem Nega
Seller's Agent
Steve Hiatt
Better Properties UP/Fircrest
Buyer's Agent
Maikele Mengesha
The Preview Group
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.42%
Original Mortgage
$292,395
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 2003
Sold by
Nasatka Nam Suk
Bought by
Fladseth Lorren G and Fladseth Jeannie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.37%

Purchase Details

Closed on
Mar 8, 2002
Sold by
Elliott Steven L and Elliott Gary
Bought by
Nasatka Nam Suk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
6.99%

Purchase Details

Closed on
Mar 10, 1992
Sold by
Elliott Pauline S and Elliott Camille E
Bought by
Elliott Steven and Elliott Gary
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
Piercy Alan Deane -- None Available
Piercy Donald Alan -- None Available
Piercy Donald A $700,000 Old Republic Title Ltd
Piercy Donald -- None Available
Alemu Tikdem Nega $300,000 First American
Fladseth Lorren G $330,000 Transnation Ti
Nasatka Nam Suk $225,000 Pacific Northwest Title
Elliott Steven -- --
Elliott Steven L $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alemu Tikdem Nega $292,395
Previous Owner Fladseth Lorren G $432,000
Previous Owner Fladseth Lorren G $316,000
Previous Owner Fladseth Lorren G $264,000
Previous Owner Nasatka Nam Suk $168,750
Closed Fladseth Lorren G $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2012 01/24/12 Sold $300,000 -7.7% $99 / Sq Ft
10/27/2011 10/27/11 Pending -- -- --
05/19/2011 05/19/11 For Sale $325,000 -- $107 / 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 $9,459 $931,000 $480,000 $451,000
2023 $8,652 $1,028,000 $480,000 $548,000
2022 $8,768 $970,000 $456,000 $514,000
2021 $8,404 $910,000 $408,000 $502,000
2020 $7,533 $829,000 $384,000 $445,000
2018 $6,242 $666,000 $288,000 $378,000
2017 $5,203 $595,000 $240,000 $355,000
2016 $4,288 $508,000 $240,000 $268,000
2015 $3,702 $415,000 $240,000 $175,000
2014 -- $365,000 $240,000 $125,000
2013 -- $365,000 $240,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 224423

Northwest Multiple Listing Service (NWMLS)

APN: 177310-1930