Listed by Windermere RE Greenwood, Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

Estimated Value: $923,000 - $968,000

-- Bed
-- Bath
3,072 Sq Ft
$307/Sq Ft Est. Value

Last Sold September 06, 2024

Last sale price $900,000 $293 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,897/month

65 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wall to Wall Carpet
  • Viewlands Elementary School Rated A-
  • Wood Siding

About This Home

As of September 2024

Prime Investment Opportunity. Family owned for over 40 years. This property has extremely low rents and LR3 zoning, with development potential for building apartments or townhomes, or renovating to easily double the rental income. Available for purchase as a single 4-plex or buy both units together (MLS 2239253). Showings are available with a signed purchase and sale agreement. Don’t miss this rare investment opportunity!

Last Agent to Sell the Property

Brent Lumley

Windermere RE Greenwood License #26375 Listed on: 05/17/2024

Windermere RE Greenwood

Last Buyer's Agent

Lu Yao

Kelly Right RE of Seattle LLC License #126889

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2239257

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,907

Year Built

  • Built in 1963

Lot Details

  • 5,610 Sq Ft Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 3,072 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Licton Springs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3126049355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,907

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1963
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3072
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Flat
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Lights
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 5970

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3126049355
  • Lot Size Acres: 0.1288
  • Lot Size Sq Ft: 5610
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 19.57
  • LeasedItems: None
  • TotalMonthlyIncome: 4685

Multi Family

  • Gross Scheduled Income: 56220
  • Net Operating Income: 34409
  • Number Of Units Total: 4
  • Electric Expense: 888
  • Insurance Expense: 1347
  • Leasable Area: 3072
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 10907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2025
Sold by
Nallabothula Kiran
Bought by
9322 Stone Ave Llc
Current Estimated Value
$943,381

Purchase Details

Listed on
May 17, 2024
Closed on
Sep 6, 2024
Sold by
Nallathimmayyagari Vidya
Bought by
Nallabothula Kiran
Seller's Agent
Brent Lumley
Windermere RE Greenwood
Buyer's Agent
Lu Yao
Kelly Right RE of Seattle LLC
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$630,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2024
Closed on
Sep 5, 2024
Sold by
Hentschell Ignatius
Bought by
Nallabothula Kiran
Seller's Agent
Brent Lumley
Windermere RE Greenwood
Buyer's Agent
Lu Yao
Kelly Right RE of Seattle LLC
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2013
Sold by
Yogi Mary Molly
Bought by
Hentschell Ignatius

Purchase Details

Closed on
Nov 25, 1987
Sold by
Hentschell Beatrice
Bought by
Hentschell Beatrice $T
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
9322 Stone Ave Llc $313 None Listed On Document
Nallabothula Kiran $313 Cw Title
Nallabothula Kiran $900,000 Cw Title
Hentschell Ignatius -- None Available
Hentschell Beatrice $T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nallabothula Kiran $630,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Sold $900,000 -18.2% $293 / Sq Ft
07/21/2024 07/21/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $1,100,000 -- $358 / 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 $10,453 $1,023,000 $1,009,800 $13,200
2023 $10,783 $1,085,000 $1,009,800 $75,200
2022 $9,779 $1,232,000 $1,009,800 $222,200
2021 $10,210 $1,010,800 $1,009,800 $1,000
2020 $10,073 $1,010,800 $1,009,800 $1,000
2018 $8,083 $873,000 $813,400 $59,600
2017 $6,405 $778,000 $617,100 $160,900
2016 $6,134 $629,000 $504,900 $124,100
2015 $5,341 $590,000 $476,800 $113,200
2014 -- $523,000 $448,800 $74,200
2013 -- $498,000 $448,800 $49,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2239257

Northwest Multiple Listing Service (NWMLS)

APN: 312604-9355