Listed by Paragon Real Estate Advisors, Bought with Redfin
$1,125,000
SOLD DEC 12, 2024
7 Beds
4 Baths
2,344 Sq Ft
3,003 Sq Ft Lot

Recently Sold

$480 Per Sq Ft

6% Below List Price

8 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Siding
  • John Hay Elementary School Rated A

About This Home

As of December 2024

The West Mercer Fourplex was completely rebuilt in the early 2000’s and is on a 3,003 SqFt lot that is zoned MR(M), allowing for development potential to the future buyer. The units are in good condition and have been well cared for since their reconstruction. The Fourplex consists of 3 – 2Bd/1Bth units that average 683 SqFt and 1 – 1Bd/1Bth unit that is 450 SqFt. In the rear of the property is a backyard that is fully fenced and perfect for relaxing outside during the Seattle summers. The two upper units have their own private deck and have views of the Puget Sound. All the apartments come fully equipped with a complete kitchen appliance package, in-unit washer/dryer and hardwood floors.

Last Agent to Sell the Property

Will Douglas

Paragon Real Estate Advisors License #23011013 Listed on: 11/06/2024

Co-Listed By

Ryan Iles

Paragon Real Estate Advisors License #108410

Last Buyer's Agent

Jonah Eastern

Redfin License #21014000

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2308682

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,101

Year Built

  • Built in 2005

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,344 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • 3,003 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3879901760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,101

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2005
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2344
  • Special Features: None
  • Cumulative Days on Market: 353

Interior Features

  • Total Bedrooms: 7
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 4800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3879901760
  • Lot Size Acres: 0.0689
  • Lot Size Sq Ft: 3003
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.1
  • LeasedItems: None
  • TotalMonthlyIncome: 7100

Multi Family

  • Gross Scheduled Income: 85200
  • Net Operating Income: 60312
  • Number Of Units Total: 4
  • Insurance Expense: 1579
  • Leasable Area: 2344
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2024
  • Tax Annual Amount: 11101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2024
Closed on
Dec 7, 2024
Sold by
Rasti Ahmad David
Bought by
Mirshamsi Sahar and Dashti Danial Sabri
Seller's Agent
Will Douglas
Paragon Real Estate Advisors
Buyer's Agent
Jonah Eastern
Redfin
List Price
$1,200,000
Sold Price
$1,125,000
Premium/Discount to List
-$75,000
-6.25%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$725,000
Outstanding Balance
$720,530
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$448,723

Purchase Details

Closed on
Oct 29, 2010
Sold by
Kimball Brian and Kimball Barbara L
Bought by
Tsang Hok Chung D and Tsang Lui Lam L

Purchase Details

Closed on
Dec 24, 1997
Sold by
Brain Paul E and Herzog Vanessa A
Bought by
Rasti Ahmad David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.16%

Purchase Details

Closed on
Feb 22, 1995
Sold by
Regan Brian J
Bought by
Brain Paul E and Herzog Vanessa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,707
Interest Rate
9%
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 Type Sale Price Title Company
Warranty Deed $1,125,000 None Listed On Document
Warranty Deed $800,000 First American
Warranty Deed $240,000 --
Warranty Deed $222,707 First American Title Ins Co
Warranty Deed $222,707 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $725,000 New Conventional
Previous Owner $168,000 No Value Available
Previous Owner $222,707 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2025 08/10/25 Price Changed $1,700 -5.6% $3 / Sq Ft
08/01/2025 08/01/25 For Rent $1,800 0.0% --
12/12/2024 12/12/24 Sold $1,125,000 -6.3% $480 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
11/06/2024 11/06/24 For Sale $1,200,000 -- $512 / 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 $9,649 $1,002,000 $999,900 $2,100
2023 $11,101 $1,182,000 $999,900 $182,100
2022 $10,925 $1,287,000 $1,021,000 $266,000
2021 $11,925 $1,197,000 $960,900 $236,100
2020 $11,598 $1,245,000 $960,900 $284,100
2018 $9,793 $1,131,000 $1,126,100 $4,900
2017 $8,856 $996,000 $720,700 $275,300
2016 $8,591 $931,000 $540,500 $390,500
2015 $8,086 $882,000 $360,300 $521,700
2014 -- $850,000 $360,300 $489,700
2013 -- $840,000 $345,300 $494,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2308682

Northwest Multiple Listing Service (NWMLS)

APN: 387990-1760