Listed by Coldwell Banker Bain, Bought with Keller Williams Rlty Bellevue
NOT LISTED FOR SALE

Estimated Value: $1,404,000 - $1,834,863

6 Beds
4 Baths
2,470 Sq Ft
$641/Sq Ft Est. Value

Last Sold August 10, 2022

Last sale price $1,400,000 $567 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,594/month

15 Days on Market

Highlights

  • Territorial View
  • No HOA
  • High Speed Internet
  • Odle Middle School Rated A
  • Cul-De-Sac
  • Wood Siding

About This Home

As of August 2022

A rare investment opportunity in the heart of Bellevue! Each unit has 3BR, 1.5 bath, light filled, spacious living room overlooking level private backyard. 1 car garage with plenty of parking spaces. New exterior paint well maintained. Long term tenants always pay rent on time. Unbeatable location in upcoming Lake hills, minutes to downtown Bellevue, I-90, major employers, schools, shops and restaurants, parks, trails, bus lines, and future aquatic center. With $50,000 upgrades you can get premium rent and reach almost 4% cap rate. Financial info is pro forma, see supplements for current financial due to lower rate to long term tenants. Look pass the cosmetics and own an income producing property in Bellevue!

Last Agent to Sell the Property

Yang Xiao

Coldwell Banker Bain License #22029117 Listed on: 06/25/2022

Coldwell Banker Bain

Last Buyer's Agent

Sean Morris

Keller Williams Rlty Bellevue License #110623

Keller Williams Rlty Bellevue

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1955738

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,694

Year Built

  • Built in 1983

Lot Details

  • 9,151 Sq Ft Lot
  • Cul-De-Sac

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,470 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Territorial Views

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4279600070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,694

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1983
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2470
  • Special Features: VirtualTour
  • Cumulative Days on Market: 358

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellevue

Lot Info

  • Parcel Number: 4279600070
  • Lot Size Acres: 0.2101
  • Lot Size Sq Ft: 9151
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 21
  • LeasedItems: None
  • TotalMonthlyIncome: 4400

Multi Family

  • Gross Scheduled Income: 67200
  • Net Operating Income: 56666
  • Number Of Units Total: 2
  • Insurance Expense: 1040
  • Leasable Area: 2470
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8694

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Aug 8, 2022
Sold by
Divya Properties Llc
Bought by
Srf Llc
Seller's Agent
Yang Xiao
Coldwell Banker Bain
Buyer's Agent
Sean Morris
Keller Williams Rlty Bellevue
List Price
$1,450,000
Sold Price
$1,400,000
Premium/Discount to List
-$50,000
-3.45%
Current Estimated Value
$1,582,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,288
Avg. Annual Appreciation
2.79%

Purchase Details

Closed on
Jun 8, 2015
Sold by
Mishra Vishal and Mishra Ritu
Bought by
Divya Properties Llc

Purchase Details

Closed on
May 4, 2006
Sold by
Adams Robert and Adams Marilyn
Bought by
Mishra Vishal and Mishra Ritu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
7.09%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 20, 1990
Sold by
Anderson Ronald J
Bought by
Adams Robert and Adams Marilyn
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
Srf Llc $1,400,000 None Listed On Document
Divya Properties Llc -- None Available
Mishra Vishal $540,000 Chicago Title
Adams Robert $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mishra Vishal $378,000
Previous Owner Mishra Vishal $450,000
Previous Owner Mishra Vishal $468,750
Previous Owner Mishra Vishal $432,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $1,400,000 -3.4% $567 / Sq Ft
07/10/2022 07/10/22 Pending -- -- --
06/25/2022 06/25/22 For Sale $1,450,000 -- $587 / 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 $11,169 $1,522,000 $874,000 $648,000
2023 $9,694 $1,239,000 $712,000 $527,000
2022 $8,694 $1,593,000 $895,000 $698,000
2021 $8,209 $1,058,000 $543,000 $515,000
2020 $8,010 $926,000 $480,000 $446,000
2018 $6,918 $901,000 $470,000 $431,000
2017 $5,759 $751,000 $394,000 $357,000
2016 $5,301 $659,000 $342,000 $317,000
2015 $5,211 $602,000 $295,000 $307,000
2014 -- $586,000 $293,000 $293,000
2013 -- $474,000 $236,000 $238,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1955738

Northwest Multiple Listing Service (NWMLS)

APN: 427960-0070