Listed by Windermere Real Estate/PSR Inc, Bought with Specialty Real Estate Group
NOT LISTED FOR SALE

Estimated Value: $624,000 - $851,000

5 Beds
3 Baths
2,330 Sq Ft
$310/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $645,000 $277 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,583/month

5 Days on Market

Highlights

  • Lake View
  • No HOA
  • Wood Siding
  • Deck
  • Baseboard Heating
  • Wall to Wall Carpet

About This Home

As of May 2023

Rare opportunity to own an investment property with endless potential to increase value! Lake Views from this Bryn Mawr multi-family. Tucked on a quiet street just off Rainier Ave. A perfect rental location with easy access to Seattle & Bellevue. Two separate buildings: Front building is a stacked duplex with 2 bed/1 bath unit above & 1 bed/1 bath below. Building features separate room with exterior access for W/D. Back building features 2 bed/1 bath unit with private W/D above huge 2 care garage with two large storage rooms. Tons of potential here! Bring your vision to this value-add property, earn sweat equity & turn into your dream investment property. Fully occupied, rents noted are actual. Please do not disturb tenants.

Last Agent to Sell the Property

Christina Jarvis

Windermere Real Estate/PSR Inc License #105442 Listed on: 02/22/2023

Windermere Real Estate/PSR Inc

Last Buyer's Agent

Adrian Chu

Specialty Real Estate Group License #26434

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2037836

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,724

Year Built

  • Built in 1925

Lot Details

  • 8,000 Sq Ft Lot
  • Street terminates at a dead end

Property Views

  • Lake
  • Mountain
  • Territorial
  • Limited

Home Design

  • Triplex
  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,330 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Deck

Schools

  • Bryn Mawr Elementary School
  • Dimmitt Mid Middle School
  • Renton Snr High School

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bryn Mawr Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1180002755

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,724

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1925
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2330
  • Special Features: None
  • Cumulative Days on Market: 371

Interior Features

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

Exterior Features

  • Roof: Composition, Flat
  • View: Lake, Mountain(s), Partial, Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

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: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Skyway Water & Sewer
  • WaterCompany: Skyway Water & Sewer
  • WaterSewerGarbage: 6000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Renton
  • High School: Renton Snr High
  • Middle Or Junior School: Dimmitt Mid

Lot Info

  • Parcel Number: 1180002755
  • Lot Size Acres: 0.1837
  • Lot Size Sq Ft: 8000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3700

Multi Family

  • Gross Scheduled Income: 44400
  • Net Operating Income: 30841
  • Number Of Units Total: 3
  • Insurance Expense: 835
  • Leasable Area: 2330
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6724

MLS Schools

  • Elementary School: Bryn Mawr Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 1991
Sold by
Wysocki Henry J and Wysocki Elvina M
Bought by
Jarvis Patricia L
Current Estimated Value
$721,354
Source: Public Records

Range of Values:

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Average Value
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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
Jarvis Patricia L $135,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $645,000 -3.6% $277 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $669,000 -- $287 / 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 $8,191 $719,000 $321,000 $398,000
2023 $7,304 $606,000 $257,000 $349,000
2022 $6,742 $653,000 $271,000 $382,000
2021 $6,263 $536,000 $224,000 $312,000
2020 $6,232 $475,000 $198,000 $277,000
2018 $6,730 $452,000 $197,000 $255,000
2017 $5,629 $454,000 $158,000 $296,000
2016 $5,508 $388,000 $135,000 $253,000
2015 $4,767 $357,000 $124,000 $233,000
2014 -- $321,000 $110,000 $211,000
2013 -- $258,000 $100,000 $158,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2037836

Northwest Multiple Listing Service (NWMLS)

APN: 118000-2755