Listed by KW Greater Seattle, Bought with Windermere RE Greenwood
NOT LISTED FOR SALE

Estimated Value: $455,000 - $672,000

4 Beds
2 Baths
1,220 Sq Ft
$480/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $393,000 $322 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,655/month

3 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 1-Story Property
  • Partially Fenced Property

About This Home

As of May 2017

Calling all Investors! Great duplex opportunity. Both units are 2 bedrooms, 3/4 bathroom. Live in one side, and rent the other. Alley access and off-street parking in back for multiple vehicles. Located in the vibrant Southeast Seattle community with easy transit and access to local shops and restaurants. This lot is zoned LR2.

Last Agent to Sell the Property

Joni Moriarty

KW Greater Seattle License #122475 Listed on: 05/03/2017

KW Greater Seattle

Co-Listed By

Heather Allard

Unlock Seattle Real Estate LLC License #122542

Last Buyer's Agent

Derek Olson

Windermere RE Greenwood License #3791

Windermere RE Greenwood

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1113084

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,423

Year Built

  • Built in 1942

Lot Details

  • 4,900 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,220 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Ceramic Tile

Schools

  • Seattle Public Sch Elementary And Middle School
  • Seattle Public Sch High School

Community Details

  • Rainier Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3336000296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,423

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1942
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1220
  • Special Features: None
  • Cumulative Days on Market: 335

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceramic Tile, Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 2201

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle
  • High School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch

Lot Info

  • Parcel Number: 3336000296
  • Lot Size Acres: 0.1125
  • Lot Size: 4900
  • Lot Size Sq Ft: 4900
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: tax records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1850

Tax Info

  • Year: 2016
  • Tax Annual Amount: 2423

Multi Family

  • Number Of Units Total: 6
  • Insurance Expense: 1630
  • Leasable Area: 1220
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Seattle Public Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2017
Closed on
May 26, 2017
Sold by
Southe St Effective Development Inc
Bought by
Nguyen Linh V and Tran Quyen T
Seller's Agent
Joni Moriarty
KW Greater Seattle
Buyer's Agent
Derek Olson
Windermere RE Greenwood
List Price
$385,000
Sold Price
$393,000
Premium/Discount to List
$8,000
2.08%
Current Estimated Value
$583,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,685
Avg. Annual Appreciation
5.00%
Original Mortgage
$294,750
Outstanding Balance
$162,622
Interest Rate
3.97%
Estimated Equity
$422,727

Purchase Details

Listed on
Jul 28, 2014
Closed on
Nov 13, 2014
Sold by
Liang Qiupeng
Bought by
Southeast Effective Development
Seller's Agent
Stanley Lam
HERE
Buyer's Agent
Nicole Veldwyk
VelDyke Realty Inc.
List Price
$289,950
Sold Price
$250,000
Premium/Discount to List
-$39,950
-13.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.41%

Purchase Details

Closed on
Mar 3, 2011
Sold by
Fajardo Joe S and Fajardo Veda F
Bought by
Liang Qiupeng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.75%

Purchase Details

Closed on
Oct 17, 1995
Sold by
Gray Joseph W
Bought by
Fajardo Joe S and Fajardo Veda F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,700
Interest Rate
7.67%
Mortgage Type
Assumption
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
Nguyen Linh V $393,000 Old Republic T
Southeast Effective Development $250,000 First American
Liang Qiupeng $140,000 Fidelity Natio
Fajardo Joe S $86,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Linh V $294,750
Previous Owner Southeast Effective Development $145,075
Previous Owner Liang Qiupeng $112,000
Previous Owner Fajardo Joe S $119,227
Previous Owner Fajardo Joe S $87,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $393,000 +2.1% $322 / Sq Ft
05/07/2017 05/07/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $385,000 +54.0% $316 / Sq Ft
11/14/2014 11/14/14 Sold $250,000 -13.8% $205 / Sq Ft
10/26/2014 10/26/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $289,950 -- $238 / 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 $5,179 $488,000 $429,000 $59,000
2023 $4,547 $456,000 $422,000 $34,000
2022 $4,280 $497,000 $401,000 $96,000
2021 $3,973 $430,000 $363,000 $67,000
2020 $4,354 $377,000 $319,000 $58,000
2018 $3,572 $399,000 $313,000 $86,000
2017 $2,949 $335,000 $276,000 $59,000
2016 $2,424 $283,000 $231,000 $52,000
2015 $2,246 $224,000 $205,000 $19,000
2014 -- $213,000 $179,000 $34,000
2013 -- $227,000 $226,000 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1113084

Northwest Multiple Listing Service (NWMLS)

APN: 333600-0296