NOT LISTED FOR SALE

Estimated Value: $1,461,000 - $2,222,000

6 Beds
4 Baths
4,055 Sq Ft
$452/Sq Ft Est. Value

Last Sold April 04, 2018

Last sale price $1,310,000 $323 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $10,887/month

9 Days on Market

Highlights

  • Mountain View
  • Deck
  • Thermal Windows
  • Clark Elementary School Rated A
  • Wood Flooring
  • Patio

About This Home

As of April 2018

Location and quality! Newer 2-Story Duplex near DT Issaquah. Excellent investment. Rents well below market w/long-term Tenants & upside in return. Same Tenants in both units since new! Great floor plans w/large, 2-story layouts. Each offering private patios/decks, 2-car garage, 3 bedrooms, 2.5 baths, den, upper-floor communal/activity room and laundry. Impressive finishes. Unbeatable freeway access. Minutes to Grand Ridge, DT Issaquah, schools, shopping, restaurants & parks. Direct trail access.

Last Agent to Sell the Property

Craig Nosler

RE/MAX Integrity License #11051 Listed on: 02/21/2018

RE/MAX Integrity

Last Buyer's Agent

Craig Nosler

RE/MAX Integrity License #11051 Listed on: 02/21/2018

RE/MAX Integrity

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1247435

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,652

Year Built

  • Built in 2011

Lot Details

  • 6,120 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Mountain
  • Limited

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 4,055 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Clark Elementary School
  • Issaquah Mid Middle School
  • Issaquah High School

Utilities

  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Issaquah Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 3424069329

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,652

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2011
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4055
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, See Remarks, Vinyl, Carpet
  • Interior Amenities: Forced Air, Tankless Water Heater, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Partial, See Remarks
  • Lot Features: Alley, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Issaquah
  • WaterCompany: City if Issaquah
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Issaquah
  • High School: Issaquah High
  • Middle Or Junior School: Issaquah Mid

Lot Info

  • Parcel Number: 3424069329
  • Lot Size Acres: 0.1405
  • Lot Size Sq Ft: 6120
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Business,Commercial,Multi-Family,Residential
  • LotNumber: 2

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 5140

Multi Family

  • Gross Scheduled Income: 61680
  • Net Operating Income: 49037
  • Number Of Units Total: 2
  • Insurance Expense: 936
  • Leasable Area: 4827
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 9652

MLS Schools

  • Elementary School: Clark Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2021
Sold by
The Kwan Family Trust
Bought by
Kwan Derek Francis and Kwan Janet Eujin
Current Estimated Value
$1,831,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,882,000
Outstanding Balance
$3,573,548
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2018
Closed on
Mar 30, 2018
Sold by
Loveridge Paul D and Loveridge Lorna J
Bought by
Kwan Derek Francis and Kwan Family Trust
Seller's Agent
Craig Nosler
RE/MAX Integrity
Buyer's Agent
Craig Nosler
RE/MAX Integrity
List Price
$1,400,000
Sold Price
$1,310,000
Premium/Discount to List
-$90,000
-6.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$917,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2011
Sold by
Which Is Promise Llc
Bought by
Loveridge Paul D and Loveridge Lorna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2007
Sold by
640 Llc
Bought by
Which Is Promise Llc

Purchase Details

Closed on
Nov 15, 2005
Sold by
Saunders Ashley N
Bought by
640 Llc

Purchase Details

Closed on
Jun 4, 2005
Sold by
Doherty Maxine
Bought by
Saunders Ashley N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 23, 1990
Sold by
Doherty Maxine F
Bought by
Dods Kenneth R and Dods Jeanne G
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
Kwan Derek Francis -- None Available
Kwan Derek Francis $1,310,000 Ticor Title
Loveridge Paul D -- Ticor Title
Which Is Promise Llc $200,000 Rainier Title
640 Llc -- --
Saunders Ashley N $200,000 Lawyers Title
Doherty Maxine -- Lawyers Title
Dods Kenneth R $34,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwan Derek Francis $917,000
Previous Owner Loveridge Paul D $533,850
Previous Owner Saunders Ashley N $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2018 04/04/18 Sold $1,310,000 -6.4% $323 / Sq Ft
03/03/2018 03/03/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $1,400,000 -- $345 / 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 $14,112 $1,712,000 $506,000 $1,206,000
2023 $13,603 $1,459,000 $433,000 $1,026,000
2022 $12,995 $1,792,000 $534,000 $1,258,000
2021 $11,722 $1,404,000 $500,000 $904,000
2020 $11,784 $1,177,000 $428,000 $749,000
2018 $11,198 $1,256,000 $439,000 $817,000
2017 $9,652 $1,087,000 $384,000 $703,000
2016 $8,951 $973,000 $356,000 $617,000
2015 $8,259 $886,000 $209,000 $677,000
2014 -- $804,000 $190,000 $614,000
2013 -- $698,000 $173,000 $525,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1247435

Northwest Multiple Listing Service (NWMLS)

APN: 342406-9329