NOT LISTED FOR SALE

7930 7976 170th Place NE Unit 1-12 Redmond, WA 98052

Education Hill Neighborhood

Estimated Value: $3,023,000 - $5,201,000

2 Beds
2 Baths
19,938 Sq Ft
$213/Sq Ft Est. Value

Last Sold November 30, 2015

Last sale price $2,820,000 $141 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $26,433/month

23 Days on Market

Highlights

  • 0.42 Acre Lot
  • Mountain View
  • High Speed Internet
  • Redmond Elementary School Rated A
  • Deck
  • Property is in very good condition

About This Home

As of November 2015

Bear Creek Villas,4.5% cap rate with room to increase income!Rents are presently lower than market with long term tenants averaging 5 years. A 12 unit condominium that is currently operated as an apartment building.The property consists of 3 - 4plex buildings. All 2 bedroom,Fireplaces, washers and dryers,decks.100% Occupied,management firm in place.Redmond is one of the west coast’s most affluent area's.15 minutes to Seattle/Bellevue.Utility charge back implemented will decrease expenses.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 09/03/2015

Skyline Properties, Inc.

Last Buyer's Agent

Patrick Suarez

EHI R/E Advisors, Inc. License #17191

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 841641

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,583

Year Built

  • Built in 1983

Lot Details

  • 0.42 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 19,938 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 22 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Downtown Redmond Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0626850005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,583

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1983
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 19938
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 299

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 19
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 22
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: REDMOND
  • SewerCompany: CITY
  • WaterCompany: CITY
  • WaterSewerGarbage: 13992

Schools

  • Junior High Dist: Wilson Creek

Lot Info

  • Parcel Number: 0626850005
  • Lot Size Acres: 0.4247
  • Lot Size Sq Ft: 18500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: ASSESOR
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 15295

Multi Family

  • Gross Scheduled Income: 183540
  • Net Operating Income: 129191
  • Number Of Units Total: 12
  • Insurance Expense: 2970
  • Leasable Area: 12270
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2015
  • Tax Annual Amount: 18583

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2024
Sold by
Jak Redmond Llc
Bought by
Treehouse Rental Llc
Total Days on Market
23
Current Estimated Value
$4,252,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Outstanding Balance
$1,632,110
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$2,884,547

Purchase Details

Listed on
Sep 3, 2015
Closed on
Nov 28, 2015
Sold by
Yehs Investment Llc
Bought by
Jak Redmond Llc
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Patrick Suarez
EHI R/E Advisors, Inc.
List Price
$2,820,000
Sold Price
$2,820,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%
Original Mortgage
$1,790,000
Interest Rate
3.76%

Purchase Details

Closed on
Aug 11, 2009
Sold by
Charbonneau Mark T
Bought by
First Pass Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.3%

Purchase Details

Closed on
Jul 24, 2009
Sold by
First Pass Llc
Bought by
Yehs Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.3%

Purchase Details

Closed on
Feb 7, 2005
Sold by
First Pacific Land Corp
Bought by
Charbonneau Mark T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,666
Interest Rate
5.75%

Purchase Details

Closed on
Jun 18, 1996
Sold by
Bear Creek Villas Partnership
Bought by
First Pacific Land Corp
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
Treehouse Rental Llc $4,500,000 None Listed On Document
Jak Redmond Llc $2,818,800 Fidelity
First Pass Llc -- Chicago Title
Yehs Investment Llc $1,838,800 Chicago Title
Charbonneau Mark T $1,398,200 Pacific Nw Tit
First Pacific Land Corp $726,168 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Treehouse Rental Llc $1,650,000
Previous Owner Jack Redmond Llc $1,600,000
Previous Owner Jak Redmond Llc $1,790,000
Previous Owner Yehs Investment Llc $1,000,000
Previous Owner First Pass Llc $1,250,000
Previous Owner Charbonneau Mark T $104,666
Previous Owner Charbonneau Mark T $104,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2015 11/30/15 Sold $2,820,000 0.0% $141 / Sq Ft
09/28/2015 09/28/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $2,820,000 -- $141 / 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 $30,735 $3,915,000 $888,000 $3,027,000
2023 $33,246 $4,502,000 $888,000 $3,614,000
2022 $35,275 $4,527,000 $832,500 $3,694,500
2021 $37,442 $4,107,000 $832,500 $3,274,500
2020 $33,904 $4,029,000 $832,500 $3,196,500
2018 $29,106 $3,174,000 $629,000 $2,545,000
2017 $25,418 $2,917,000 $610,500 $2,306,500
2016 $22,193 $2,659,000 $610,500 $2,048,500
2015 $18,677 $2,300,000 $610,500 $1,689,500
2014 -- $1,868,000 $610,500 $1,257,500
2013 -- $1,703,000 $536,500 $1,166,500
Source: Public Records

Agents Affiliated with this Home

  • Donna Marshall

    Seller's Agent in 2015

    Donna Marshall

    Skyline Properties, Inc

    (425) 422-0954

    1 in this area

    42 Total Sales

    Donna Marshall
    Section Image

  • P

    Buyer's Agent in 2015

    Patrick Suarez

    EHI R/E Advisors, Inc.

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 841641

Northwest Multiple Listing Service (NWMLS)

APN: 062685-0005

Washington King County Redmond 98052 Education Hill

7930 7976 170th Place NE Unit 1-12, Redmond, WA

This home is located at 7930 7976 170th Place NE Unit 1-12, Redmond, WA 98052 since 03 September 2015 and is currently estimated at $4,252,656, approximately $213 per square foot. This property was built in 1983. 7930 7976 170th Place NE Unit 1-12 is a home located in King County with nearby schools including Redmond Elementary School, Redmond Middle School, and Redmond High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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