Listed by The Foundation Group LLC, Bought with HomeSmart Real Estate Assoc
NOT LISTED FOR SALE

Estimated Value: $1,011,000 - $1,235,854

-- Bed
-- Bath
3,536 Sq Ft
$326/Sq Ft Est. Value

Last Sold January 16, 2020

Last sale price $835,000 $236 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,230/month

7 Days on Market

Highlights

  • Deck
  • Patio
  • Partially Fenced Property
  • Territorial View
  • Ceramic Tile Flooring

About This Home

As of January 2020

Bryn Mawr 4-Unit is a very well maintained apartment building with territorial views and eight off street parking spaces. The tenants enjoy spacious 2bed/1bath units each with a washer dryer, and all new windows. The current cap rate is 6.57%. Three out of the four units have been updated with luxurious bathrooms, laminate hardwood flooring, carpet, and brand new composite decking. The fourth unit is month to month and needs light updating to push rent to market.

Last Agent to Sell the Property

Ethan Szmania

The Foundation Group LLC License #125178 Listed on: 12/09/2019

Co-Listed By

Aaron Locke

The Foundation Group LLC License #107646

Last Buyer's Agent

Miles Lewis

HomeSmart Real Estate Assoc License #73137

HomeSmart Real Estate Assoc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1546930

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,729

Year Built

  • Built in 1962

Lot Details

  • 9,913 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Skyway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1323049070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,729

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1962
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3536
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 340

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Tile
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • WaterSewerGarbage: 7500

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Renton

Lot Info

  • Parcel Number: 1323049070
  • Lot Size Acres: 0.2276
  • Lot Size: 7885
  • Lot Size Sq Ft: 9913
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: King County Parcel Viewer
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 5725

Multi Family

  • Gross Scheduled Income: 68400
  • Net Operating Income: 53571
  • Number Of Units Total: 4
  • Insurance Expense: 900
  • Leasable Area: 3536
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6729

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2019
Closed on
Jan 15, 2020
Sold by
Tan Andy and Guan Jianmel
Bought by
Baz Malik El
Seller's Agent
Ethan Szmania
The Foundation Group LLC
Buyer's Agent
Miles Lewis
HomeSmart Real Estate Assoc
List Price
$815,000
Sold Price
$835,000
Premium/Discount to List
$20,000
2.45%
Current Estimated Value
$1,154,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,285
Avg. Annual Appreciation
4.96%
Original Mortgage
$819,876
Outstanding Balance
$729,053
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$363,095

Purchase Details

Listed on
Jan 2, 2015
Closed on
Oct 27, 2015
Sold by
Gallagher D Kevin and Gallagher Dorothy L
Bought by
Tan Andy and Guan Jianmei
Seller's Agent
Allen Uyeno
John L. Scott, Inc.
Buyer's Agent
Andres Atencio
RE/MAX Eastside Brokers, Inc.
List Price
$509,888
Sold Price
$430,000
Premium/Discount to List
-$79,888
-15.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.52%
Original Mortgage
$376,475
Interest Rate
3.71%

Purchase Details

Closed on
Oct 27, 1989
Sold by
Monster John C and Monster Iola E
Bought by
Dorothy Gallagher D and Dorothy L+Hs
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
Baz Malik El $835,000 Chicago Title
Tan Andy $430,000 First American
Dorothy Gallagher D $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baz Malik El $98,404
Open Baz Malik El $819,876
Previous Owner Tan Andy $383,000
Previous Owner Tan Andy $376,475
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2020 01/16/20 Sold $835,000 +2.5% $236 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
12/09/2019 12/09/19 For Sale $815,000 +89.5% $230 / Sq Ft
09/16/2015 09/16/15 Sold $430,000 -15.7% $122 / Sq Ft
08/17/2015 08/17/15 Pending -- -- --
01/02/2015 01/02/15 For Sale $509,888 -- $144 / 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 $10,255 $875,000 $158,000 $717,000
2023 $12,258 $996,000 $158,000 $838,000
2022 $9,978 $1,128,000 $143,200 $984,800
2021 $9,823 $781,000 $130,600 $650,400
2020 $7,457 $745,000 $130,600 $614,400
2018 $6,917 $554,000 $118,900 $435,100
2017 $6,119 $457,000 $109,000 $348,000
2016 $5,660 $413,000 $99,100 $313,900
2015 -- $360,000 $94,600 $265,400
2014 -- $327,000 $94,600 $232,400
2013 -- $323,000 $94,600 $228,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1546930

Northwest Multiple Listing Service (NWMLS)

APN: 132304-9070