1615 Northeast 199th Place
Shoreline, WA 98155
$1,350,000
Last Sold Price
—
Beds
3,680 Sq. Ft.
$367 / Sq. Ft.
3,680
Sq. Ft.
$367
per Sq. Ft.
Sold 11/22/24
Sold 11/22/24
Listing provided courtesy of Windermere RE North, Inc., Maple Leaf Real Estate LLC
Description
Looking for a great investment property in Lake Forest Park? Visit this well maintained 4 unit apartment building which has had zero vacancy since current owner acquired property in 2017. Exterior and grounds have been well cared for by current owner. Each 2 bedroom unit features own laundry, full bath, great room living and dining area, one storage space, one covered parking and either a deck or patio. There are 3 additional parking spaces owned by this building, plus other parking on the same cul-de-sac...Looking for a great investment property in Lake Forest Park? Visit this well maintained 4 unit apartment building which has had zero vacancy since current owner acquired property in 2017. Exterior and grounds have been well cared for by current owner. Each 2 bedroom unit features own laundry, full bath, great room living and dining area, one storage space, one covered parking and either a deck or patio. There are 3 additional parking spaces owned by this building, plus other parking on the same cul-de-sac for guest parking. Each unit has been updated/upgraded as allowed and needed, with paint, wall heaters, carpet and appliances. Proximity to the light-rail, freeway and shopping are exceptional. Please do not disturb tenants.
- Listed by Laurie Barrow • Windermere RE North, Inc.
Property Details for 1615 Northeast 199th Place
Community Name
Lake Forest Park
School DistrictShoreline
ViewTerritorial
Number of Assigned Spaces7
Total Covered Parking4
Entry Date08-29-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/28/2024 11:51 AM
Property Details for 1615 Northeast 199th Place
| Status | Sold |
|---|---|
| MLS # | 2283373 |
| Days on Market | 54 |
| Cumulative Days on Market | 54 |
| Taxes | $12,253 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1980 |
| Lot Size | 0.18 AC / 7,675 SF |
| County | King County |
Building Information for 1615 Northeast 199th Place
Stories2Residences4Year Built1980Building Size-Lot Size0.18 AC / 7,675 SF
Property Information for 1615 Northeast 199th Place
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Deck, Patio
- Area: 720 - Lake Forest Park
- Elementary School: Brookside Elem
- Middle Or Junior School: Kellogg Mid
- High School: Shorecrest High
- Directions: From N 205th St (HWY 104) turn South on 15th Ave NE, then left onto NE 199th Place. It's a cul-de-sac! Please do not disturb tenants!
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 4.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Vinyl, Vinyl Plank, Carpet
- Features: Laminate, Wall to Wall Carpet
- Amenities: Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5274
- Power Company: Seattle City Light
- Sewer Company: City of Shoreline Sewer
- Water Company: North City Water
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- MLS Square Footage Source: KCA
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 35
Lot Information
- Lot Details: Paved
- Lot Size Source: King County
- Parcel Number Free Text: 7417700115
- Building Condition: Very Good
- Calculated Square Footage: 3680
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3680.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 27092
- Gross Adjusted Income: 74700
- Gross Rent Multiplier: 18.74
- Gross Scheduled Income: $74,700
- Insurance Expense: $4,565
- Net Operating Income: $51,717
- Other Expenses: $5,000
- Total Monthly Income: 52000
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3680.0
- Leasable Area Units: Square Feet
Property History for 1615 Northeast 199th Place
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1615 Northeast 199th Place
Taxable ValueLand$230,200Additions$700,800Total$931,000
Tax Record2024$12,253 ($1,021 / month)
Home Facts
Total Finished SqFt3,680 SqFtAbove Ground SqFt3,680 SqFtStories2Lot Size7,675 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980Year Renovated1997ZoningR12CountyKINGAPN741770-0115Fireplace TypeHas Fireplace
Schools near 1615 Northeast 199th Place
This home is within Shoreline School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Brookside Elementary School PublicK to 5 | ||
Kellogg Middle School Public6 to 8 | ||
Shorecrest High School Public9 to 12 | ||
Aldercrest Annex Home Exchange PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere RE North, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
