Seller's Agent in 2023
Justin Kraft
Highmark Partners
(206) 778-8521
2 in this area
9 Total Sales
1033 SW 151st St Burien, WA 98166
Lake Burien NeighborhoodEstimated Value: $1,155,000 - $1,190,984
--
Bed
--
Bath
3,990
Sq Ft
$294/Sq Ft
Est. Value
Highlights
- City View
- Vinyl Plank Flooring
- Property is in very good condition
- No HOA
- Baseboard Heating
- Partially Fenced Property
About This Home
As of December 2023Discover an enticing investment in this Burien fourplex, nestled in the charming Lake Burien neighborhood. 1033 fourplex boasts an excellent location, well-maintained structure, and the potential for current income and future appreciation. With a current cap rate of 6.3% and a market cap rate of 6.95%, it presents an attractive opportunity for investors seeking dependable income and long-term growth. This fourplex is ideally located just two blocks from Olde Town Burien, offering walkability to an array of restaurants, shops, and services. Its proximity to both Seattle and Bellevue make it a highly sought-after property for prospective tenants. Don't miss out on this compelling investment in Burien.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2176793
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,757
Year Built
- Built in 1968
Lot Details
- 7,620 Sq Ft Lot
- Partially Fenced Property
- Property is in very good condition
Home Design
- Quadruplex
- Poured Concrete
- Composition Roof
- Wood Composite
Interior Spaces
- 3,990 Sq Ft Home
- 2-Story Property
- Vinyl Plank Flooring
- City Views
Parking
- 8 Parking Spaces
- Open Parking
Schools
- Seahurst Elementary School
- Sylvester Mid Middle School
- Highline High School
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- Lake Burien Subdivision
Listing and Financial Details
- Assessor Parcel Number 1900000180
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2023
Closed on
Jan 4, 2024
Sold by
Sikka Ajay and Sikka Satinder
Bought by
Brentals Llc
Seller's Agent
Justin Kraft
Highmark Partners
Buyer's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
List Price
$1,125,000
Sold Price
$1,142,000
Premium/Discount to List
$17,000
1.51%
Total Days on Market
10
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,992
Avg. Annual Appreciation
4.43%
Purchase Details
Closed on
Jul 28, 2021
Sold by
Walz Jean M and Jean M Walz Living Trust
Bought by
Kre On Sw 151St Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
2.93%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 15, 2021
Sold by
Walz Jean M and Estate Of Walter M Walz
Bought by
Walz Jean M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
2.93%
Mortgage Type
Commercial
Purchase Details
Closed on
May 18, 2012
Sold by
Walz Jean M
Bought by
Walz Jean M and Jean M Walz Living Trust
Purchase Details
Closed on
Mar 21, 1990
Sold by
Parmele Robert
Bought by
Parmele Jean
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brentals Llc | $313 | None Listed On Document | |
| Kre On Sw 151St Llc | $818,000 | Fidelity National Title | |
| Jean M Walz Living Trust | $313 | Fidelity National Title | |
| Walz Jean M | -- | None Available | |
| Walz Jean M | -- | None Available | |
| Parmele Jean | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kre On Sw 151St Llc | $656,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Sold | $1,142,000 | +1.5% | $286 / Sq Ft |
| 11/11/2023 11/11/23 | Pending | -- | -- | -- |
| 11/01/2023 11/01/23 | For Sale | $1,125,000 | -- | $282 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $10,566 | $919,000 | $182,800 | $736,200 |
| 2023 | $9,757 | $887,000 | $175,200 | $711,800 |
| 2022 | $11,053 | $866,000 | $175,200 | $690,800 |
| 2021 | $10,765 | $875,000 | $170,100 | $704,900 |
| 2020 | $9,761 | $824,000 | $164,700 | $659,300 |
| 2018 | $7,740 | $611,000 | $128,000 | $483,000 |
| 2017 | $6,716 | $532,000 | $112,600 | $419,400 |
| 2016 | $5,676 | $464,000 | $112,600 | $351,400 |
| 2015 | $5,166 | $402,000 | $115,000 | $287,000 |
| 2014 | -- | $348,000 | $115,000 | $233,000 |
| 2013 | -- | $396,000 | $115,000 | $281,000 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Kraft
-
Nicholas Vilvandre'
Buyer's Agent in 2023
Nicholas Vilvandre'
Keller Williams Downtown Seattle
(206) 612-7883
1 in this area
75 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2176793
APN: 190000-0180
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.
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