Listed by Westlake Associates, Inc., Bought with Westlake Associates, Inc.
$760,000
SOLD AUG 28, 2013
-- Bed
-- Bath
2,928 Sq Ft
0.33 Acres

Recently Sold

$260 Per Sq Ft

5% Below List Price

61 Days on Market

Highlights

  • Corner Lot
  • Peter Kirk Elementary School Rated A
  • 4-minute walk to Cedar View Park

About This Home

As of August 2013

The subject property sits on a corner lot that measures 14,300 square feet and is zoned RM 3.6 which allows an investor the rare opportunity to own a high-quality building with the potential to redevelop. Very well maintained, the next owner of this building has the opportunity make a few cosmetic improvement and raise the rents to the current market conditions or maintain the building as is and enjoy a healthy return. Either way, it’s a win-win!

Last Agent to Sell the Property

Travis Kannier

Westlake Associates, Inc. License #79950 Listed on: 05/29/2013

Last Buyer's Agent

Collin Hagstrom

Westlake Associates, Inc. License #49398

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 493988

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,313

Year Built

  • Built in 1985

Lot Details

  • 0.33 Acre Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,928 Sq Ft Home
  • 2-Story Property

Parking

  • 7 Parking Spaces
  • Open Parking

Community Details

  • Kirkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3886901775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,313

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1985
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 2928
  • Special Features: None
  • Cumulative Days on Market: 360

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 3886901775
  • Lot Size Acres: 0.3283
  • Lot Size Sq Ft: 14300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 4200

Multi Family

  • Gross Scheduled Income: 50400
  • Net Operating Income: 35256
  • Number Of Units Total: 4
  • Insurance Expense: 1815
  • Leasable Area: 2928
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2013
  • Tax Annual Amount: 9313

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2021
Sold by
Shih Jenny Feng Mei
Bought by
Kirkland Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Outstanding Balance
$867,676
Interest Rate
2.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,312,735

Purchase Details

Listed on
May 29, 2013
Closed on
Sep 30, 2013
Sold by
Zhang Wei
Bought by
Kirkland Holdings Llc Series 116Th Kirkl
Seller's Agent
Travis Kannier
Westlake Associates, Inc.
Buyer's Agent
Collin Hagstrom
Westlake Associates, Inc.
List Price
$800,000
Sold Price
$760,000
Premium/Discount to List
-$40,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%

Purchase Details

Listed on
May 29, 2013
Closed on
Aug 23, 2013
Sold by
Powell Barry J
Bought by
Zhang Wei
Seller's Agent
Travis Kannier
Westlake Associates, Inc.
Buyer's Agent
Collin Hagstrom
Westlake Associates, Inc.
List Price
$800,000
Sold Price
$760,000
Premium/Discount to List
-$40,000
-5%

Purchase Details

Closed on
Mar 7, 2013
Sold by
Annette E Powell Trust and Powell Annette E
Bought by
Powell Barry J

Purchase Details

Closed on
Sep 29, 2010
Sold by
Powell Annette E
Bought by
Annette E Powell Trust and Powell Annette E

Purchase Details

Closed on
Mar 11, 1998
Sold by
Powell Barry J and Powell Maurice D
Bought by
Powell Barry J
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $760,000 First American
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $960,000 Credit Line Revolving
Previous Owner $7,700,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Price Changed $2,800,000 -6.7% $655 / Sq Ft
06/03/2025 06/03/25 For Sale $3,000,000 +294.7% $702 / Sq Ft
08/28/2013 08/28/13 Sold $760,000 -5.0% $260 / Sq Ft
07/30/2013 07/30/13 Pending -- -- --
05/29/2013 05/29/13 For Sale $800,000 -- $273 / 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 $13,644 $1,615,000 $1,501,500 $113,500
2023 $13,521 $1,715,000 $1,501,500 $213,500
2022 $14,704 $1,728,000 $1,287,000 $441,000
2021 $16,409 $1,607,000 $1,172,600 $434,400
2020 $15,479 $1,660,000 $1,172,600 $487,400
2018 $13,225 $1,477,000 $1,172,600 $304,400
2017 $9,369 $1,268,000 $1,001,000 $267,000
2016 $9,004 $920,000 $829,400 $90,600
2015 -- $872,000 $757,900 $114,100
2014 -- $771,000 $715,000 $56,000
2013 -- $749,000 $715,000 $34,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 493988

Northwest Multiple Listing Service (NWMLS)

APN: 388690-1775