NOT LISTED FOR SALE

8602 10th Ave S Unit 1&2 Seattle, WA 98108

South Park Neighborhood

Estimated Value: $453,000 - $761,000

4 Beds
2 Baths
1,640 Sq Ft
$384/Sq Ft Est. Value

Last Sold February 25, 2015

Last sale price $165,000 $101 Per Sq Ft

Est. 278% increase in value since last sale

Current estimated payment $3,955/month

57 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Property is Fully Fenced
  • Wood Flooring
  • High Speed Internet
  • 4-minute walk to South Park Playground

About This Home

As of February 2015

This is a value-priced, Fannie Mae owned duplex in the South Park neighborhood of Seattle. This 1640 sqft duplex has 2 bdrms and 1 bath per unit. The basement has shared storage and laundry facilites. 2 car parking garage, one stall per unit. The duplex is located on a corner, with fenced lot. Sold AS-IS. Cash out/Rehab Loan only. Great investment return for rental property opportunity. Buyer to verify all information.

Last Buyer's Agent

Kevin Bohnert

Windermere Real Estate Midtown License #49741

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 723496

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,481

Year Built

  • Built in 1942

Lot Details

  • 6,000 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Duplex
  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,640 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Outbuilding

Schools

  • Concord Elementary School
  • Aki Kurose Middle School
  • Cleveland High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • South Park Condos
  • South Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 & 2 / 32
  • Assessor Parcel Number 7883606065

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,481

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: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: South Park
  • New Construction: No
  • CalculatedSquareFootage: 1640
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 379

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,See Remarks,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: PartiallyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: SCL
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 360

Schools

  • Junior High Dist: Seattle
  • High School: Cleveland High
  • Middle Or Junior School: Aki Kurose

Lot Info

  • Parcel Number: 7883606065
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Outbuildings
  • MLSLotSizeSource: KCAR
  • ZoningClass: Residential
  • LotNumber: 1 & 2

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

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

Tax Info

  • Year: 2013
  • Tax Annual Amount: 3481

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 1640
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

MLS Schools

  • Elementary School: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2019
Sold by
Ks Construction Llc
Bought by
Optane Opportunity Fund Llc
Current Estimated Value
$623,021

Purchase Details

Closed on
Jul 1, 2019
Sold by
Mergen Investments Llc
Bought by
Ks Construction Llc

Purchase Details

Closed on
Mar 26, 2018
Sold by
Cloverdale Street Llc
Bought by
Mergen Investments Llc

Purchase Details

Closed on
Apr 26, 2016
Sold by
Kusku Nihat
Bought by
Cloverdale Street Llc

Purchase Details

Listed on
Dec 10, 2014
Closed on
Feb 23, 2015
Sold by
Fannie Mae
Bought by
Kushu Nihat
Buyer's Agent
Kevin Bohnert
Windermere Real Estate Midtown
List Price
$206,000
Sold Price
$165,000
Premium/Discount to List
-$41,000
-19.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.56%

Purchase Details

Closed on
Jul 10, 2013
Sold by
Freeman Stephen
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 12, 2010
Sold by
Freeman Stephen
Bought by
Freeman Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2009
Sold by
Hopkins Mark S and Hopkins David G
Bought by
Freeman Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,925
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2009
Sold by
Eastside Funding Llc
Bought by
Freeman Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,925
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2006
Sold by
Hopkins David
Bought by
Hopkins David and Hopkins Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.66%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 17, 2005
Sold by
Palermo Pasquale and Palermo Luciana
Bought by
Hopkins David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 13, 2005
Sold by
Ender Rhonda
Bought by
Hopkins David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 1, 1983
Sold by
Weir Ivan and Weir Alvina
Bought by
Palermo Pasquale and Palermo Luciana
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
Optane Opportunity Fund Llc $375,000 First American Title
Ks Construction Llc -- None Available
Mergen Investments Llc -- None Available
Cloverdale Street Llc -- None Available
Kushu Nihat $165,000 Servicelink
Federal National Mortgage Association $176,580 Nextitle
Freeman Stephen -- First American
Freeman Stephen $150,758 None Available
Freeman Stephen -- None Available
Hopkins David -- None Available
Hopkins David $190,000 Fidelity Natio
Hopkins David -- Fidelity Natio
Palermo Pasquale $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Optane Opportunity Fund Llc $277,200
Previous Owner Cloverdale Street Llc $750,000
Previous Owner Freeman Stephen $169,500
Previous Owner Freeman Stephen $31,925
Previous Owner Freeman Stephen $126,484
Previous Owner Hopkins Mark S $262,500
Previous Owner Hopkins Mark $63,700
Previous Owner Hopkins Mark S $265,600
Previous Owner Hopkins David $208,000
Previous Owner Hopkins David $90,800
Previous Owner Hopkins David $202,500
Previous Owner Hopkins David $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2015 02/25/15 Sold $165,000 -19.9% $101 / Sq Ft
02/06/2015 02/06/15 Pending -- -- --
12/10/2014 12/10/14 For Sale $206,000 -- $126 / 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 $6,163 $585,000 $499,000 $86,000
2023 $5,251 $535,000 $441,000 $94,000
2022 $4,394 $562,000 $401,000 $161,000
2021 $4,174 $424,000 $276,000 $148,000
2020 $4,027 $382,000 $245,000 $137,000
2018 $3,496 $382,000 $250,000 $132,000
2017 $3,016 $314,000 $209,000 $105,000
2016 $3,609 $278,000 $196,000 $82,000
2015 $3,173 $338,000 $337,000 $1,000
2014 -- $303,000 $302,000 $1,000
2013 -- $303,000 $302,000 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 723496

Northwest Multiple Listing Service (NWMLS)

APN: 788360-6065