NOT LISTED FOR SALE

Estimated Value: $2,720,000 - $3,383,000

4 Beds
4 Baths
3,536 Sq Ft
$871/Sq Ft Est. Value

Last Sold January 15, 2016

Last sale price $1,550,000 $438 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $17,929/month

8 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Wall to Wall Carpet
  • Peter Kirk Elementary School Rated A
  • Thermal Windows
  • 3-minute walk to Tot Lot Park

About This Home

As of January 2016

Amazing Kirkland location, walking distance to Marina Park and downtown! Well performing 4-plex, rents way below market with cosmetic upgrades. True value in land. 10,200 square foot lot makes two premium building lots with alley and corner access a great possibility with rental income while you get plans and permits ready! See architects rendering for example of two single family residences in attachments.

Last Agent to Sell the Property

Paul Waln

Skyline Properties, Inc. License #21001225 Listed on: 05/27/2015

Skyline Properties, Inc.

Last Buyer's Agent

Paul Waln

Skyline Properties, Inc. License #21001225 Listed on: 05/27/2015

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 794290

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,677

Year Built

  • Built in 1977

Lot Details

  • 10,200 Sq Ft Lot
  • Corner Lot
  • Value in Land
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Town Of Kirkland Condos
  • East Of Market Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 & 2 / 191
  • Assessor Parcel Number 3885807975

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,677

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Town of Kirkland
  • New Construction: No
  • CalculatedSquareFootage: 3536
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: SOC 3%
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Sidewalk, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 3885807975
  • Lot Size Acres: 0.2342
  • Lot Size Sq Ft: 10200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • LotNumber: 1 & 2

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 30
  • LeasedItems: None
  • TotalMonthlyIncome: 4307

Multi Family

  • Gross Scheduled Income: 51684
  • Net Operating Income: 43007
  • Number Of Units Total: 4
  • Leasable Area: 3536
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 8677

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2019
Sold by
Bu 139 143 7Th Ave Llc
Bought by
Wilson Andrew and Wilson Crystal Long
Current Estimated Value
$3,079,075

Purchase Details

Closed on
Apr 2, 2018
Sold by
Waln Team Investments Llc
Bought by
Bu 139 143 7Th Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,107,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
May 27, 2015
Closed on
Jan 12, 2016
Sold by
Golden Shamrock Properties Llc
Bought by
Azalea Waln Estate Llc
Seller's Agent
Paul Waln
Skyline Properties, Inc.
Buyer's Agent
Paul Waln
Skyline Properties, Inc.
List Price
$1,590,000
Sold Price
$1,550,000
Premium/Discount to List
-$40,000
-2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%

Purchase Details

Closed on
Apr 13, 2005
Sold by
Noon Christopher
Bought by
Golden Shamrock Properties Llc

Purchase Details

Closed on
Feb 2, 2005
Sold by
Groenewegen Johannes B and Groenewegen Catherine A
Bought by
Noon Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
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
Wilson Andrew $2,350,000 First American Title
Bu 139 143 7Th Ave Llc $1,890,000 Cw Title
Azalea Waln Estate Llc $1,550,000 Cw Title Co
Golden Shamrock Properties Llc -- Ticor National
Noon Christopher $905,000 Ticor National
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bu 139 143 7Th Ave Llc $3,107,000
Previous Owner Noon Christopher $452,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2016 01/15/16 Sold $1,550,000 -2.5% $438 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $1,590,000 -- $450 / 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 $18,482 $2,290,000 $921,000 $1,369,000
2023 $17,845 $2,097,000 $844,000 $1,253,000
2022 $17,723 $2,529,000 $1,020,000 $1,509,000
2021 $18,781 $1,774,000 $720,000 $1,054,000
2020 $9,152 $1,953,000 $688,000 $1,265,000
2018 $5,834 $927,000 $625,000 $302,000
2017 $8,975 $561,000 $561,000 $0
2016 $6,348 $918,000 $479,400 $438,600
2015 -- $633,700 $219,300 $414,400
2014 -- $671,000 $438,600 $232,400
2013 -- $651,000 $438,600 $212,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 794290

Northwest Multiple Listing Service (NWMLS)

APN: 388580-7975