Listed by William E. Johnson, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $923,000 - $1,330,841

7 Beds
3 Baths
2,912 Sq Ft
$401/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $1,325,000 $455 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $6,863/month

63 Days on Market

Highlights

  • No HOA
  • Thermal Windows
  • Wood Siding

About This Home

As of August 2022

Fully remodeled Triplex with excellent cash flow & upside potential. One-of-a-kind design & layout; all 3 units are situated in the corner with 3 sides detached. The building consists of one large two-level townhouse style unit with 3 BR/2ba and two 2BR/1ba units plus storage. All units have a highly desirable open floorplan with abundant natural light, a fireplace, in-unit W/D, and assigned parking. Tenants pay for all utilities and lawn maintenance. Easy to manage and easy to rent. Huge backyard offers a possibility for expansion. Centrally located within a short distance of Seattle, Bellevue, SeaTac, and major employers. Don't miss the opportunity to own a cash-generating asset in pristine condition to hedge against inflation.

Last Agent to Sell the Property

Bill Johnson

William E. Johnson License #50058 Listed on: 05/21/2022

Last Buyer's Agent

Erich Bubbel

COMPASS License #117941

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1937184

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,777 Sq Ft Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,912 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Renton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1823059190

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1960
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2912
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Renton

Lot Info

  • Parcel Number: 1823059190
  • Lot Size Acres: 0.1785
  • Lot Size Sq Ft: 7777
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.6
  • LeasedItems: None
  • TotalMonthlyIncome: 6895

Tax Info

  • Year: 2021

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2022
Closed on
Aug 4, 2022
Sold by
Ping Law Perry
Bought by
Shepard Marc and Shepard Stella
Seller's Agent
Bill Johnson
William E. Johnson
Buyer's Agent
Erich Bubbel
COMPASS
List Price
$1,325,000
Sold Price
$1,325,000
Current Estimated Value
$1,166,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$158,290
Avg. Annual Appreciation
-3.69%

Purchase Details

Listed on
May 21, 2022
Closed on
Aug 1, 2022
Sold by
Shepard and Stella
Bought by
Shepard Llc
Seller's Agent
Bill Johnson
William E. Johnson
Buyer's Agent
Erich Bubbel
COMPASS
List Price
$1,325,000
Sold Price
$1,325,000

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 29, 2016
Sold by
Shoulders Properties Llc
Bought by
Law Perry Ping
Seller's Agent
Teresa Pinedo
Coldwell Banker Bain
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.45%

Purchase Details

Closed on
Jun 10, 2008
Sold by
Shoulders Terry and Shoulders Marilyn
Bought by
Shoulders Properties Llc

Purchase Details

Closed on
Jan 21, 1999
Sold by
Warren Ralph and Warren Sandra
Bought by
Menges Keith and Menges Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,900
Interest Rate
6.63%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Shepard Marc $1,325,000 Fidelity National Title
Shepard Llc -- Fidelity National Title
Law Perry Ping $650,000 First American
Shoulders Properties Llc -- None Available
Menges Keith -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Menges Keith $123,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2022 08/05/22 Sold $1,325,000 0.0% $455 / Sq Ft
07/23/2022 07/23/22 Pending -- -- --
06/25/2022 06/25/22 Price Changed $1,325,000 +2.0% $455 / Sq Ft
06/08/2022 06/08/22 Price Changed $1,299,000 -2.0% $446 / Sq Ft
05/21/2022 05/21/22 For Sale $1,325,000 +103.8% $455 / Sq Ft
07/11/2016 07/11/16 Sold $650,000 +4.0% $203 / Sq Ft View Prior Sale
05/29/2016 05/29/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $625,000 -- $195 / 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 $8,782 $853,000 $362,000 $491,000
2023 $8,658 $802,000 $249,000 $553,000
2022 $7,986 $865,000 $263,000 $602,000
2021 $7,382 $710,000 $217,000 $493,000
2020 $7,360 $627,000 $192,000 $435,000
2018 $6,253 $524,000 $191,000 $333,000
2017 $4,353 $471,000 $130,000 $341,000
2016 $3,807 $313,000 $111,000 $202,000
2015 $3,285 $287,000 $102,000 $185,000
2014 -- $259,000 $90,000 $169,000
2013 -- $214,000 $82,000 $132,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1937184

Northwest Multiple Listing Service (NWMLS)

APN: 182305-9190