NOT LISTED FOR SALE

Estimated Value: $682,000 - $696,120

5 Beds
2 Baths
1,350 Sq Ft
$512/Sq Ft Est. Value

Last Sold May 05, 2016

Last sale price $345,000 $256 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $4,154/month

2 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of May 2016

Own a great rental property remodeled in 2011 & rented. Walk property but interior inspection w accepted offer. Near South Seattle College on 16th. Shared laundry/bike storage for both units. Tenants pay all utilities except trash. Unit A rented thru August & Unit B just renewed for a year. No sign. Great neighborhood located to good commutes. Strong rental history. Begin to build your fortune as an investor. Location, location, location!

Last Listed By

Pam Schmoll

John L. Scott, Inc. License #50136 Listed on: 04/21/2016

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 929122

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,977

Year Built

  • Built in 1919

Lot Details

  • 3,795 Sq Ft Lot
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,350 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Highland Park Elementary School
  • Denny Mid Middle School
  • Sealth High School

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • State Addition Condos
  • Highland Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 13 / 6
  • Assessor Parcel Number 7972608565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,977

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1919
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: State Addition
  • New Construction: No
  • CalculatedSquareFootage: 1350
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 273

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE/SCL
  • SewerCompany: Seattle Public Utility
  • WaterCompany: Seattle Public Utility
  • WaterSewerGarbage: 2290

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 374

Schools

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

Lot Info

  • Parcel Number: 7972608565
  • Lot Size Acres: 0.0871
  • Lot Size: ~61 x 62
  • Lot Size Sq Ft: 3795
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: tax rolls
  • ZoningClass: Multi-Family
  • LotNumber: 13

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2986

Multi Family

  • Gross Scheduled Income: 29443
  • Net Operating Income: 18549
  • Number Of Units Total: 2
  • Electric Expense: 667
  • Insurance Expense: 935
  • Leasable Area: 1350
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 7

Tax Info

  • Year: 2015
  • Tax Annual Amount: 1977

MLS Schools

  • Elementary School: Highland Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2024
Sold by
Jiang Nan and Strickler Paul
Bought by
7945 Rentals Llc
Total Days on Market
2
Current Estimated Value
$690,780

Purchase Details

Listed on
Apr 21, 2016
Closed on
May 4, 2016
Sold by
Schmoll Steven and Schmoll Pamela
Bought by
Jiang Nan
Seller's Agent
Pam Schmoll
John L. Scott, Inc.
List Price
$335,000
Sold Price
$345,000
Premium/Discount to List
$10,000
2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
Apr 28, 2011
Sold by
Real Estate Investment Firm Llc
Bought by
Schmoll Steven and Schmoll Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2011
Sold by
Sterling Savings Bank
Bought by
Real Estate Investment Firm Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2010
Sold by
S2e2 Development Llc
Bought by
Sterling Savings Bank

Purchase Details

Closed on
Feb 22, 2008
Sold by
Tomcat Construction Llc
Bought by
Cedeira Oscar A and Mcglothern Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,600
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 19, 2008
Sold by
Tomcat Construction Llc
Bought by
S2e2 Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,600
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 27, 2006
Sold by
Saucedo Miguel
Bought by
Tomcat Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.57%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 9, 2004
Sold by
The Ronin Co Ltd I Lp
Bought by
Saucedo Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,800
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2003
Sold by
Santos Abelardo R
Bought by
The Ronin Co Ltd I Lp

Purchase Details

Closed on
Dec 17, 2002
Sold by
Bridger Scott R and Bridger Kierstin B
Bought by
Santos Ii Abelardo C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.03%

Purchase Details

Closed on
Aug 16, 1999
Sold by
Latimer Donald R and Latimer Michelle A
Bought by
Bridger Scott R and Bridger Kierstin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,832
Interest Rate
7.7%

Purchase Details

Closed on
Nov 1, 1994
Sold by
Serfling David D and Serfling Rhonda R
Bought by
Latimer Donald R and Latimer Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,850
Interest Rate
8.7%
Source: Public Records

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Range of Values:

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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
7945 Rentals Llc $313 None Listed On Document
Jiang Nan $345,000 First American
Schmoll Steven $158,000 Northpoint Esc
Real Estate Investment Firm Llc $148,000 Fidelity Natio
Sterling Savings Bank -- Fidelity Natio
Cedeira Oscar A $270,000 Fidelity National Title
S2e2 Development Llc -- Fidelity Natio
Tomcat Construction Llc $440,000 Fidelity Natio
Saucedo Miguel $341,000 Transnation Ti
The Ronin Co Ltd I Lp -- --
Santos Ii Abelardo C $310,000 Transnation Ti
Bridger Scott R $195,000 Fidelity National Title
Latimer Donald R $109,000 Evergreen Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jiang Nan $207,000
Previous Owner Schmoll Steven W $168,000
Previous Owner Schmoll Steven $131,456
Previous Owner Real Estate Investment Firm Llc $151,500
Previous Owner S2e2 Development Llc $316,840
Previous Owner S2e2 Development Llc $229,600
Previous Owner S2e2 Development Llc $233,180
Previous Owner S2e2 Development Llc $275,900
Previous Owner S2e2 Development Llc $235,850
Previous Owner Cedeira Oscar A $264,813
Previous Owner Tomcat Construction Llc $950,000
Previous Owner Saucedo Miguel $272,800
Previous Owner Santos Ii Abelardo C $248,000
Previous Owner Bridger Scott R $199,832
Previous Owner Latimer Donald R $70,850
Closed Santos Ii Abelardo C $46,500
Closed Saucedo Miguel $68,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2016 05/05/16 Sold $345,000 +3.0% $256 / Sq Ft
04/24/2016 04/24/16 Pending -- -- --
04/21/2016 04/21/16 For Sale $335,000 -- $248 / 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 $5,860 $573,000 $344,000 $229,000
2023 $5,296 $525,000 $315,000 $210,000
2022 $4,739 $565,000 $267,000 $298,000
2021 $4,345 $482,000 $243,000 $239,000
2020 $4,261 $417,000 $223,000 $194,000
2018 $3,639 $417,000 $227,000 $190,000
2017 $3,060 $342,000 $186,000 $156,000
2016 $2,320 $295,000 $161,000 $134,000
2015 $1,977 $213,000 $79,000 $134,000
2014 -- $184,000 $74,000 $110,000
2013 -- $163,000 $64,000 $99,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 929122

Northwest Multiple Listing Service (NWMLS)

APN: 797260-0565