NOT LISTED FOR SALE
10 Beds
10 Baths
31,360 Sq Ft
1.46 Acres

Last Sold April 20, 2018

Last sale price $13,350,000 $426 Per Sq Ft

54 Days on Market

Highlights

  • 1.46 Acre Lot
  • Wood Siding
  • 4-minute walk to Anderson Park
  • Redmond Elementary School Rated A

About This Home

As of April 2018

Huge Price Reduction on this renovated 39 unit building located on the Eastside. Recent unit updates include vinyl plank flooring, SS appliances, quartz counter tops, tiled kitchens and baths, compact wall heaters, ceiling fans as well as new paint and fixtures. Building renovations include lobbies and common areas, new corridor carpets and new lighting and signage. Nicely landscaped grounds with a dog park, BBQ area and bike storage.

Last Listed By

Dave Meissner

Paragon Real Estate Advisors License #44841 Listed on: 10/18/2017

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1208929

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $78,266

Year Built

  • Built in 1988

Lot Details

  • 1.46 Acre Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 31,360 Sq Ft Home
  • 3-Story Property

Parking

  • 67 Parking Spaces
  • Open Parking

Community Details

  • Redmond Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1225059014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$78,266

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1988
  • Buyer Agency Compensation: 1
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 31360
  • Special Features: None
  • Cumulative Days on Market: 369

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Elevator,Storage

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 24
  • Carport Y N: No
  • Open Parking Spaces: 41
  • Open Parking: Yes
  • Total Parking Spaces: 67
  • ParkingUncoveredSpaces: 41

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 46172

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 1225059014
  • Lot Size Acres: 1.4622
  • Lot Size Sq Ft: 63695
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Landvision
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 74799

Multi Family

  • Gross Scheduled Income: 854400
  • Net Operating Income: 586760
  • Number Of Units Total: 39
  • Insurance Expense: 6996
  • Leasable Area: 31360
  • UnitsInBuildingTotal: 39
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2017
  • Tax Annual Amount: 78266

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2018 04/20/18 Sold $13,350,000 +3.5% $426 / Sq Ft
12/12/2017 12/12/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $12,900,000 +71.4% $411 / Sq Ft
08/19/2014 08/19/14 Sold $7,525,000 +1.7% $248 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $7,400,000 -- $244 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1208929

Northwest Multiple Listing Service (NWMLS)