Listed by COMPASS, Bought with Blue Pacific Real Estate
NOT LISTED FOR SALE

Estimated Value: $1,146,631

7 Beds
3 Baths
2,528 Sq Ft
$454/Sq Ft Est. Value

Last Sold October 12, 2020

Last sale price $860,000 $340 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,394/month

73 Days on Market

Highlights

  • Corner Lot
  • Concrete Flooring
  • Wood Siding
  • West Woodland Elementary School Rated A

About This Home

As of October 2020

Phinney Ridge Duplex! Perfect for an owner user, investor or developer. This duplex sits on a 5050sf lot with enough space to potentially build an DADU above the garage. Long term tenants with low rents allows for major upside in future income. All new electrical, plumbing and supply lines makes this deal very low maintenance.

Last Agent to Sell the Property

Erich Bubbel

COMPASS License #117941 Listed on: 04/28/2020

COMPASS

Last Buyer's Agent

Kelly Byrne

Blue Pacific Real Estate License #25436

Blue Pacific Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1594686

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,986

Year Built

  • Built in 1906

Lot Details

  • 5,050 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,528 Sq Ft Home
  • 3-Story Property

Flooring

  • Concrete
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • Phinney Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2769602005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,986

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1906
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2528
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 420

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Concrete, Vinyl
  • Interior Amenities: Concrete
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle city light
  • SewerCompany: Seattle Public Utility
  • WaterCompany: Seattle Public
  • WaterSewerGarbage: 2170

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2769602005
  • Lot Size Acres: 0.1159
  • Lot Size: 5050
  • Lot Size Sq Ft: 5050
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 21
  • LeasedItems: None
  • TotalMonthlyIncome: 3776

Multi Family

  • Gross Scheduled Income: 45312
  • Net Operating Income: 33518
  • Number Of Units Total: 2
  • Insurance Expense: 732
  • Leasable Area: 2528
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7986

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2022
Sold by
Solo 51 Llc
Bought by
Lybeck Jacob Douglas
Current Estimated Value
$1,146,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2020
Closed on
Oct 1, 2020
Sold by
Liem Robby K H and Liem Marietta S
Bought by
Solo 51 Llc
Seller's Agent
Erich Bubbel
COMPASS
Buyer's Agent
Kelly Byrne
Blue Pacific Real Estate
List Price
$975,000
Sold Price
$860,000
Premium/Discount to List
-$115,000
-11.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 1997
Sold by
Liem Roundney K B and Liem Mae M Y
Bought by
Liem Robby K H and Liem Marietta S Y
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
Lybeck Jacob Douglas $850,000 Chicago Title
Solo 51 Llc $860,000 First American Title
Liem Robby K H $140,000 Old Republic Title Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warnock Ryan Louis $647,200
Closed Lybeck Jacob Douglas $375,000
Previous Owner Solo 51 Llc $0
Previous Owner Liem Robby K H $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2020 10/12/20 Sold $860,000 -11.8% $340 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $975,000 -- $386 / 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
2021 $10,672 $1,135,000 $500,000 $635,000
2020 $7,986 $764,000 $356,000 $408,000
2018 $7,177 $781,000 $379,000 $402,000
2017 $5,515 $699,000 $342,000 $357,000
2016 $5,515 $613,000 $300,000 $313,000
2015 $4,685 $539,000 $268,000 $271,000
2014 -- $466,000 $221,000 $245,000
2013 -- $430,000 $204,000 $226,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1594686

Northwest Multiple Listing Service (NWMLS)

APN: 276960-2005