Listed by Westlake Associates, Inc., Bought with Paragon Real Estate Advisors
NOT LISTED FOR SALE
5 Beds
6 Baths
5,562 Sq Ft
5,000 Sq Ft Lot

Sale Details

Date Sold: May 28, 2014

Last sale price $1,626,000 $292 Per Sq Ft

6 Days on Market

About This Home

As of May 2014

10 units each has either a patio or deck and washer and dryer hook-ups. The building provides secure access, double pane windows, and is fire sprinklered. Mechanical systems include copper plumber, electrical breaker system for each unit and the roof is silver coated with a torch-down roofing system. The current owner has not been aggressive on his rents and does not charge for parking or utilities thus allowing a new owner the opportunity to maximize the potential return on this property.

Last Agent to Sell the Property

David Petersen

Westlake Associates, Inc. License #7352 Listed on: 03/20/2014

Last Buyer's Agent

Peter Larsen

Paragon Real Estate Advisors License #23639

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 607465

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,180

Year Built

  • Built in 1987

Lot Details

  • 5,000 Sq Ft Lot

Parking

  • 10 Covered Spaces

Home Design

  • Bitumen Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 5,562 Sq Ft Home
  • 3-Story Property

Community Details

  • Fremont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5694000690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,180

Year Built

Built in 1987

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1987
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 5562
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Torch Down
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 10
  • Open Parking: No
  • Total Parking Spaces: 10

Utilities

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

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5694000690
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 9080

Tax Info

  • Year: 2014
  • Tax Annual Amount: 13180

Multi Family

  • Number Of Units Total: 10
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2014
Closed on
May 23, 2014
Sold by
Bought by
Seller's Agent
David Petersen
Westlake Associates, Inc.
Buyer's Agent
Peter Larsen
Paragon Real Estate Advisors
List Price
$1,495,000
Sold Price
$1,626,000
Premium/Discount to List
$131,000
8.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Outstanding Balance
$572,639
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,000
Interest Rate
4.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,000
Interest Rate
4.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 6, 1990
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,623,500 Fidelity Natio
$1,073,500 Pacific Nw Tit
-- Pacific Nw Tit
-- --
$550,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $775,000
Previous Owner $569,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/28/2014 05/28/14 Sold $1,626,000 +8.8% $292 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $1,495,000 -- $269 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,045 $34,666 $823 $33,843
2024 $498 $20,700 $1,150 $19,550
2023 $996 $20,700 $1,150 $19,550
2022 $998 $20,700 $1,150 $19,550
2021 $998 $20,700 $1,150 $19,550
2020 $16 $280 $280 $0
2019 $13 $360 $360 $0
2018 $20 $360 $360 $0
2017 $17 $360 $360 $0
2016 $20 $360 $360 $0
2015 -- $410 $410 $0
2014 -- $410 $410 $0
2013 -- $410 $410 $0
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 607465

Northwest Multiple Listing Service (NWMLS)
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