Listed by John L. Scott, Inc., Bought with Multifamily Properties
NOT LISTED FOR SALE

8120 Delridge Way SW Seattle, WA 98106

South Delridge Neighborhood

Estimated Value: $1,189,000 - $1,494,942

9 Beds
5 Baths
4,400 Sq Ft
$304/Sq Ft Est. Value

Last Sold January 05, 2022

Last sale price $1,350,000 $307 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,326/month

48 Days on Market

Highlights

  • Territorial View
  • Partially Fenced Property
  • Wood Siding
  • Softwood Flooring

About This Home

As of January 2022

ACTUAL CAP RATE OF 5.2% AND POTENTIAL TO ADD 2 ADDITIONAL UNITS! Wonderful investment opportunity in this well managed Duplex in great West Seattle Rental Market! Enjoy great cash flow as is or continue to create significant equity and upside by purchasing together with 8118 and 8116! Delridge and addiing units (buyer to verify with city). Steady tenants and low historical vacancy make this the perfect investment to add to or start a rental portfolio. Seller prefers to sell all three together but open to individual building sales. Please do not drive onto property or disturb tenants.

Last Agent to Sell the Property

Naushad Ali

John L. Scott, Inc. License #18367 Listed on: 06/08/2021

John L. Scott, Inc.

Co-Listed By

James McPherson

John L. Scott, Inc. License #2113

Last Buyer's Agent

Christian Osgood

Multifamily Properties License #20118956

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1787913

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,877

Year Built

  • Built in 1926

Lot Details

  • 6,051 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,400 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Delridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4302700125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,877

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1926
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4400
  • Special Features: None
  • Cumulative Days on Market: 384

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 3639

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 4302700125
  • Lot Size Acres: 0.1389
  • Lot Size Sq Ft: 6051
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 7550

Multi Family

  • Gross Scheduled Income: 90600
  • Net Operating Income: 74639
  • Number Of Units Total: 3
  • Insurance Expense: 915
  • Leasable Area: 4400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6877

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Dec 16, 2021
Sold by
Awad Ashraf and Awad Souzy A
Bought by
Li Rick
Seller's Agent
Naushad Ali
John L. Scott, Inc.
Buyer's Agent
Christian Osgood
Multifamily Properties
List Price
$1,399,950
Sold Price
$1,350,000
Premium/Discount to List
-$49,950
-3.57%
Current Estimated Value
$1,336,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,097
Avg. Annual Appreciation
1.32%
Original Mortgage
$1,012,500
Outstanding Balance
$940,850
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$474,069

Purchase Details

Closed on
Oct 13, 2005
Sold by
Atteberry Malcolm E
Bought by
Awad Ashraf and Awad Souzy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,050
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 15, 1996
Sold by
Richards Douglas E and Richards Sharon Y
Bought by
Atteberry Malcolm E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,838
Interest Rate
8.39%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Li Rick $1,350,000 Rainier Title
Awad Ashraf $250,500 Stewart Title
Atteberry Malcolm E $85,950 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Rick $1,012,500
Previous Owner Awad Ashraf $370,000
Previous Owner Awad Ashraf Y $406,000
Previous Owner Awad Ashraf $50,050
Previous Owner Awad Ashraf $175,350
Previous Owner Atteberry Malcolm E $85,838
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2022 01/05/22 Sold $1,350,000 -3.6% $307 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $1,399,950 -- $318 / 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 $11,299 $1,176,000 $389,000 $787,000
2023 $9,636 $1,009,000 $356,000 $653,000
2022 $7,677 $1,085,000 $302,000 $783,000
2021 $7,009 $819,000 $230,000 $589,000
2020 $6,877 $708,000 $211,000 $497,000
2018 $5,864 $706,000 $215,000 $491,000
2017 $4,922 $578,000 $176,000 $402,000
2016 $3,724 $499,000 $153,000 $346,000
2015 $3,156 $363,000 $131,000 $232,000
2014 -- $313,000 $122,000 $191,000
2013 -- $305,000 $106,000 $199,000
Source: Public Records

Agents Affiliated with this Home

  • Naushad Ali

    Seller's Agent in 2022

    Naushad Ali

    John L Scott

    (425) 985-0337

    4 in this area

    146 Total Sales

    Section Image
  • James McPherson

    Seller Co-Listing Agent in 2022

    James McPherson

    John L Scott

    (206) 686-3131

    4 in this area

    97 Total Sales

    Section Image

  • C

    Buyer's Agent in 2022

    Christian Osgood

    Multifamily Properties

    (425) 638-9525

    2 in this area

    5 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1787913

Northwest Multiple Listing Service (NWMLS)

APN: 430270-0125

Washington King County Seattle 98106 South Delridge

8120 Delridge Way SW, Seattle, WA

This home is located at 8120 Delridge Way SW, Seattle, WA 98106 since 08 June 2021 and is currently estimated at $1,336,236, approximately $303 per square foot. This property was built in 1926. 8120 Delridge Way SW is a home located in King County with nearby schools including Highland Park Elementary School, Denny Middle School, and Chief Sealth 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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