3507 Northeast 153rd Street
3507 Northeast 153rd Street
Lake Forest Park, WA 98155
$1,350,000
Price
8
Beds
2
Baths
1,640 Sq. Ft.
$823 / Sq. Ft.
1,640
Sq. Ft.
$823
per Sq. Ft.
Listing provided courtesy of Pellego, Inc.
Description
ATTN: Investors Selling AS-IS existing AirBNB rooming house income property. 5.6 Cap Multi-Family zoned. Room to improve existing below market rents with renovation; always full last 2 years while self managing. 8-10 Unit Development with view of Lake Washington possible with city of LFP reapplication. Hold / Build. Seller Financing and JV can be arranged with down-payment. All Arch, Engineering + reports available and existing Rental PNL.ATTN: Investors Selling AS-IS existing AirBNB rooming house income property. 5.6 Cap Multi-Family zoned. Room to improve existing below market rents with renovation; always full last 2 years while self managing. 8-10 Unit Development with view of Lake Washington possible with city of LFP reapplication. Hold / Build. Seller Financing and JV can be arranged with down-payment. All Arch, Engineering + reports available and existing Rental PNL.
- Listed by Michael Pearce • Pellego, Inc.
Property Details for 3507 Northeast 153rd Street
Community Name
Sheridan Beach
School DistrictShoreline
Number of Assigned Spaces6
Total Covered Parking0
Entry Date04-28-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Pellego, Inc.![]()
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LISTING UPDATED: 05/16/2024 02:57 PM
Property Details for 3507 Northeast 153rd Street
| Status | Active |
|---|---|
| MLS # | 2229893 |
| Days on Market | 19 |
| Cumulative Days on Market | 19 |
| Taxes | $8,214 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1951 |
| Lot Size | 0.34 AC / 15,000 SF |
| County | King County |
Location
Listing Courtesy of Pellego, Inc.![]()
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Building Information for 3507 Northeast 153rd Street
Stories2Residences1Year Built1951Building Size-Lot Size0.34 AC / 15,000 SF
Payment Calculator
$8,052 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,368
Property Taxes
$685
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3507 Northeast 153rd Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 720 - Lake Forest Park
- Elementary School: Briarcrest Elem
- Middle Or Junior School: Kellogg Mid
- High School: Shorecrest High
- Effective Year Built Source: Public Records
- Directions: From Lake City Way / Bothell Way NE, turn at 35th Ave NE (Acacia Cementary), head north directly to property at NE 153rd St Corner
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
- Additional Tax Ids: 6744700100
Parking
- Number of Carport Spaces: 3.0
- 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: Concrete, Vinyl, Carpet
- Features: Concrete, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete
- Roof: Built-Up
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 2985
- Power Company: SCL
- Sewer Company: SPU
- Water Company: SPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Block, Concrete Ribbon
- Zoning Class: Multi-Family,Residential
- Possible Use: Multi-Family, Residential
- MLS Square Footage Source: mls
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1951
- Photos Count: 10
Lot Information
- Lot Size Dimensions: 140x120
- Lot Number: 5
- Lot Size Source: king
- Parcel Number Free Text: 6744700100
- Calculated Square Footage: 1640
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1640.0
- 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: 1
- Units Below Grade: true
Financing / Income and Expenses
- Electric Expense: $4,808
- Total Expenses: 24641
- Gross Adjusted Income: 99516
- Gross Rent Multiplier: 13.57
- Gross Scheduled Income: $99,516
- Insurance Expense: $1,273
- Net Operating Income: $74,875
- Other Expenses: $7,361
- Total Monthly Income: 8293
- Fuel Expense: $0
Unit 1
- Name Unit 1: 8 Rooming H
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1640
- Rent Unit 1: $8,293.00
- Bedrooms Unit 1: 8
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 1640.0
- Leasable Area Units: Square Feet
Property History for 3507 Northeast 153rd Street
| 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 3507 Northeast 153rd Street
Taxable ValueLand$630,000Additions$237,000Total$867,000
Tax Record2022$8,214 ($685 / month)
Home Facts
Beds4Baths1.8Total Finished SqFt1,940 SqFtAbove Ground SqFt1,640 SqFtFinished Basement SqFt300 SqFtStories1Lot Size15,000 SqFtStyleSingle Family ResidenceYear Built1951ZoningRM 900CountyKINGAPN674470-0100Fireplace TypeHas Fireplace
Schools near 3507 Northeast 153rd Street
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 12 |
Rating | School | Distance |
|---|---|---|
Briarcrest Elementary School PublicK to 5 | ||
Kellogg Middle School Public6 to 8 | ||
Shorecrest High School Public9 to 12 | ||
Fircrest Residential Habilitation PublicK to 12 |
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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Listing Courtesy of Pellego, 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.