NOT LISTED FOR SALE

7049 116th Ave SE Newcastle, WA 98056

Estimated Value: $1,162,000 - $1,326,000

4 Beds
1 Bath
2,380 Sq Ft
$530/Sq Ft Est. Value

Last Sold March 27, 2017

Last sale price $640,000 $269 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,649/month

10 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Attached Garage
  • Hazelwood Elementary School Rated 9+
  • 2 Fireplaces
  • 5-minute walk to Madison Lane Park

About This Home

As of March 2017

great opportunity knocks. a rare 21735 sq-ft lot in area of expensive homes, potential to subdivide to 3 lots (R6 zoning) buyer to verify all the information. builder & Investor alert !!!. Tenant is month to month, 4 bedrooms on main level, 1.75 bath, swimming pool, large master bedroom, huge finished lower level

Last Agent to Sell the Property

Allen Afshar

Homes & Equity Real Estate Grp License #39083 Listed on: 02/16/2017

Homes & Equity Real Estate Grp

Last Buyer's Agent

Rupinder Dulay

Dulay Homes LLC License #25946

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1079660

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,381

Year Built

  • Built in 1954

Lot Details

  • 0.5

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Laundry

  • Dryer
  • Washer

Additional Features

  • In Ground Pool
  • Property is zoned R6
  • Septic System

Community Details

  • Newcastle Community

Listing and Financial Details

  • Assessor Parcel Number 3343300062

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,381

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 4
  • Bathrooms: 1.75
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Dining Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2380
  • Square Footage Finished: 2380

Exterior Features

  • Exterior: Wood
  • Roof: Composition
  • Pool: In-Ground

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air
  • Sewer: Septic
  • Water Heater: basement-electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Newcastle

Schools

  • School District: REN

Lot Info

  • Lot Sq Ft: 21735
  • Parcel Number: 3343300062
  • Zoning Code: R6

Tax Info

  • Tax Amount: 5689

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2017
Closed on
Mar 22, 2017
Sold by
Haghighipanah Leyla and Akbarian Babak
Bought by
Deora Suvil Singh and Daftary Zalak Samir
Seller's Agent
Allen Afshar
Homes & Equity Real Estate Grp
Buyer's Agent
Rupinder Dulay
Dulay Homes LLC
List Price
$610,000
Sold Price
$640,000
Premium/Discount to List
$30,000
4.92%
Current Estimated Value
$1,260,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$620,343
Avg. Annual Appreciation
8.39%
Original Mortgage
$512,000
Outstanding Balance
$416,990
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$843,353

Purchase Details

Closed on
Jun 17, 2005
Sold by
Forghani Massoud and Forghani Janice
Bought by
Akbarian Babak and Haghighipanah Leyla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2004
Sold by
Warner Edward S and Warner Janis M
Bought by
Forghani Massoud and Forghani Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 1987
Sold by
Foster Donilia M
Bought by
Warner Edward S and Warner Janis M
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
Deora Suvil Singh $640,000 Fidelity Natio
Akbarian Babak $400,000 Ticor National
Forghani Massoud $345,000 Washington Tit
Warner Edward S $89,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deora Suvil Singh $512,000
Previous Owner Akbarian Babak $320,000
Previous Owner Forghani Massoud $100,000
Previous Owner Forghani Massoud $310,500
Closed Akbarian Babak $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2017 03/27/17 Sold $640,000 0.0% $269 / Sq Ft
02/27/2017 02/27/17 Pending -- -- --
02/23/2017 02/23/17 Price Changed $640,000 +4.9% $269 / Sq Ft
02/16/2017 02/16/17 For Sale $610,000 -- $256 / 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 $9,381 $970,000 $718,000 $252,000
2023 $8,382 $817,000 $606,000 $211,000
2022 $8,191 $1,045,000 $736,000 $309,000
2021 $6,935 $766,000 $554,000 $212,000
2020 $6,754 $618,000 $317,000 $301,000
2018 $6,937 $632,000 $330,000 $302,000
2017 $5,753 $555,000 $290,000 $265,000
2016 $5,689 $469,000 $259,000 $210,000
2015 $4,945 $444,000 $245,000 $199,000
2014 -- $403,000 $255,000 $148,000
2013 -- $349,000 $228,000 $121,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1079660

Northwest Multiple Listing Service (NWMLS)

APN: 334330-0062