Listed by Sea View Realty, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,337,000 - $1,877,997

4 Beds
3 Baths
2,660 Sq Ft
$606/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $1,280,000 $481 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $9,529/month

14 Days on Market

Highlights

  • Lake View
  • Alexander Graham Bell Elementary School Rated A
  • Ceramic Tile Flooring

About This Home

As of March 2021

9912 NE 119th Court, a value-add investment opportunity nestled in the heart of Kirkland’s Juanita neighborhood. This property provides excellent cash flow, as well as a perfect owner-user opportunity. This triplex is comprised of 2-one-bedroom units and 1-two-bedroom unit. The units feature spacious floorplans, water views, balconies or porches, laminate wood flooring, separate exterior access, in-unit laundry, covered parking, updated plumbing and storage. The interiors consist of mostly original finishes, providing an investor the opportunity to renovate units to capture upside in market rents.

Last Agent to Sell the Property

Valeria Wayne

Sea View Realty License #25559 Listed on: 02/02/2021

Last Buyer's Agent

Stephanie Han

Skyline Properties, Inc. License #119761

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1723819

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,557

Year Built

  • Built in 1966

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Triplex
  • Flat Roof Shape
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 2,660 Sq Ft Home
  • 2-Story Property
  • Lake Views

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Bell Elementary School

Community Details

  • Juanita Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3026059230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,557

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1966
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2660
  • Special Features: None
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Interior Amenities: Ceramic Tile, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat, Torch Down
  • View: Lake
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: See Remarks
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4448

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 3026059230
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County records
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 23
  • LeasedItems: None
  • TotalMonthlyIncome: 4560

Multi Family

  • Gross Scheduled Income: 54724
  • Net Operating Income: 35842
  • Number Of Units Total: 3
  • Insurance Expense: 1462
  • Leasable Area: 2590
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6557

MLS Schools

  • Elementary School: Bell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2021
Closed on
Mar 24, 2021
Sold by
Mahler Gustavo and Mahler Ana
Bought by
Sia Ka Cheung and Chen Tierui
Seller's Agent
Valeria Wayne
Sea View Realty
Buyer's Agent
Stephanie Han
Skyline Properties, Inc.
List Price
$1,250,000
Sold Price
$1,280,000
Premium/Discount to List
$30,000
2.4%
Current Estimated Value
$1,613,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333,789
Avg. Annual Appreciation
5.29%
Original Mortgage
$768,000
Outstanding Balance
$698,094
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$908,739

Purchase Details

Closed on
Jul 17, 2007
Sold by
Leopold Sequoia
Bought by
Leopold Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 30, 2006
Sold by
Elhart Marilyn E
Bought by
Elhart Marilyn E

Purchase Details

Closed on
Jun 26, 2001
Sold by
Elhart Marilyn E
Bought by
Elhart Marilyn E and Herman Carl Beise Family Testamentary Tr

Purchase Details

Closed on
Feb 21, 1997
Sold by
Naftchi Shahbaz and Naftchi Elizabeth M
Bought by
Beise Herman C and Beise Mabel

Purchase Details

Closed on
Feb 24, 1995
Sold by
Pacific Lutheran University Inc
Bought by
Naftchi Shahbaz and Naftchi Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
9.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 19, 1994
Sold by
Mccracken Ben A and Mccracken Annie L
Bought by
Pacific Lutheran University Inc
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
Sia Ka Cheung $1,280,000 Fidelity National Title
Leopold Ryan -- Commonwealth L
Anderson Zachary R $720,000 Commonwealth L
Elhart Marilyn E -- None Available
Elhart Marilyn E -- --
Beise Herman C $242,500 --
Naftchi Shahbaz $198,000 Old Republic Title Ltd
Pacific Lutheran University Inc $126,881 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sia Ka Cheung $768,000
Previous Owner Mahler Gustavo $337,000
Previous Owner Mahler Gustavo $337,500
Previous Owner Mahler Gustavo $337,500
Previous Owner Anderson Zachary R $72,000
Previous Owner Anderson Zachary R $576,000
Previous Owner Anderson Zachary R $72,000
Previous Owner Naftchi Shahbaz $158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $1,280,000 +2.4% $481 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $1,250,000 -- $470 / 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 $8,828 $1,074,000 $880,000 $194,000
2023 $8,149 $939,000 $415,000 $524,000
2022 $7,837 $1,193,000 $437,000 $756,000
2021 $6,996 $870,000 $321,000 $549,000
2020 $6,909 $712,000 $266,000 $446,000
2018 $5,800 $719,000 $260,000 $459,000
2017 $5,043 $561,000 $335,000 $226,000
2016 $4,801 $507,000 $301,000 $206,000
2015 $4,428 $476,000 $283,000 $193,000
2014 -- $422,000 $251,000 $171,000
2013 -- $373,000 $222,000 $151,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1723819

Northwest Multiple Listing Service (NWMLS)

APN: 302605-9230