Listed by John L. Scott Des Moines, Bought with City Closers Real Estate
NOT LISTED FOR SALE

Estimated Value: $540,000 - $778,510

-- Bed
-- Bath
2,015 Sq Ft
$337/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $789,000 $392 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $4,170/month

20 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Wood Siding
  • No HOA
  • Partially Fenced Property
  • 1-minute walk to South Park Playground

About This Home

As of July 2023

Wonderful income producing 4-plex in convenient South Park. Single story building sited on a 6,000 sqft corner lot with RSL zoning provides the development and construction of multiple new homes. All units are 1Br/1Ba with efficient layout that feature galley style kitchen, new exterior paint and partially fenced yard. Located across the street from South Park playground and 1 block from the library. Easy commute to downtown Seattle via Highway 99, nearby I-5 is also an excellent option for north & south destinations. Do not miss this opportunity to acquire a turnkey multi-unit and outstanding cashflow property.

Last Agent to Sell the Property

Paul Lau

John L. Scott Des Moines License #71801 Listed on: 05/31/2023

John L. Scott Des Moines

Last Buyer's Agent

Kelsey Diller

City Closers Real Estate License #24667

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2074432

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,779

Year Built

  • Built in 1956

Lot Details

  • 6,000 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 2,015 Sq Ft Home
  • 1-Story Property

Flooring

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

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Concord Elementary School
  • Denny Mid Middle School
  • Sealth High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • South Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7883603026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,779

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1956
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2015
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Sealth High
  • Middle Or Junior School: Denny Mid

Lot Info

  • Parcel Number: 7883603026
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5100

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6779

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2024
Sold by
Shammar Yasir
Bought by
City Property I Corporation
Current Estimated Value
$678,837

Purchase Details

Listed on
May 31, 2023
Closed on
Jul 30, 2023
Sold by
Sabri Zainab Mohamed
Bought by
Shammar Yasir
Seller's Agent
Paul Lau
John L. Scott Des Moines
Buyer's Agent
Kelsey Diller
City Closers Real Estate
List Price
$799,000
Sold Price
$789,000
Premium/Discount to List
-$10,000
-1.25%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.98%

Purchase Details

Closed on
Mar 10, 2006
Sold by
Aubert Patricia
Bought by
Thach Linh and Huynh Oanhtha T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,960
Interest Rate
6.19%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
City Property I Corporation $313 None Listed On Document
Shammar Yasir -- First American Title Insurance
Thach Linh $349,950 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thach Linh $279,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $789,000 -1.3% $392 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $799,000 -- $397 / 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 $7,476 $670,000 $210,000 $460,000
2023 $7,648 $710,000 $210,000 $500,000
2022 $6,779 $694,000 $210,000 $484,000
2021 $6,143 $645,000 $210,000 $435,000
2020 $5,522 $551,000 $210,000 $341,000
2018 $4,551 $446,000 $144,000 $302,000
2017 $3,876 $390,000 $132,000 $258,000
2016 $3,211 $338,000 $85,000 $253,000
2015 $2,981 $278,000 $85,000 $193,000
2014 -- $265,000 $85,000 $180,000
2013 -- $232,000 $85,000 $147,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2074432

Northwest Multiple Listing Service (NWMLS)

APN: 788360-3026