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2016 Market Street

2016 Market Street, Kirkland, WA 98033
Property in Market
Sold Oct 08, 2020
$1,825,000
$1,444,771 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2050
Sold Apr 28, 2017
$1,474,000
$1,164,000 by First Technology Federal Cu
Mortgage Due May 01, 2047
Local assessors in Kirkland, WA have categorized 2016 Market Street as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 9,000 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2016 Market Street has a total of 3,310 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 590 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2016 Market Street was last sold in Oct 1, 2020 for $1,825,000. According to our calculations, that's $467.95 per sqft. Prior to that sales transaction, the property was sold for $1,474,000 in Apr 25, 2017. Current property owners are expected to pay $19,269 in taxes per year. The property on 2016 Market Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,267,000. To break that down further, the land itself was valued at $815,000. While improvements to the property were assessed at a total of $1,452,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 590
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 3,900
  • Gross Building Area: 3,900
  • Building Area: 3,310
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,310
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BURKE-FARRARS KIRKLAND DIV NO. 29
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BURKE-FARRARS KIRKLAND DIV #29 PLAT BLOCK: 144 PLAT LOT: 8

Ownership

  • Current Owner : GURU NANDESH
  • Current Owner 2: GURU SHAILI
  • Previous Owner : ZHU YIBO
  • Previous Owner 2: CHEN YUE
  • Owner Before Previous Owner: TUSCANY CONSTRUCTION LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Washington School District
  • Census Tract: 022401

Zoning

  • Zoning: RS 7.2

Geography

  • Account Number: 124550004004
  • District: KIRKLAND
  • Parcel: 124550-0040
  • Block: 144
  • Lot: 8
  • Meridian: SEC 31 TWN 26 RNG 05
  • Municipality: KIRKLAND
  • Latitude: 47.694
  • Longitude: -122.21

    Address

  • Full Address: 2016 Market St
  • Address - House Number: 2016
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: WA
  • City Name: Kirkland
  • Carrier Code: C052
  • 4-Digit Zip Code: 4944
  • Zip Code: 98033

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $19,269
  • Tax Rate Code Area: 1701

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 2,796,528
  • High Value: 3,208,201
  • Low Value: 2,384,854

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,444,771
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 08, 2020
  • First Open Lien Mortgage Loan Amount: $1,444,771
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $2,267,000
  • Market Land Value: $815,000
  • Market Improvement Value: $1,452,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,267,000
  • Assessed Land Value: $815,000
  • Assessed Improvements Value: $1,452,000

    Sales

  • Current Sale Contract Date: Oct 01, 2020
  • Current Sale Recording Date: Oct 08, 2020
  • Current Sale Transaction ID: 11791493899
  • Current Sale Price: $1,825,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20201008001372
  • Previous Sale Recording Date: Apr 28, 2017
  • Previous Sale Contract Date: Apr 25, 2017
  • Previous Sale Amount: $1,474,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Oct 08, 2020
  • First Mortgage Loan Amount: $1,444,771
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST TECHNOLOGY FEDERAL CU
  • Previous Mortgage Transaction Date: Apr 28, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,164,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: May 01, 2047

About Market



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Unit for rent at 507 A 2nd Avenue S, Kirkland, WA, 98033

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Frequently Asked Questions

What neighborhood is 2016 Market Street located in?
The 2016 Market Street is a located in the neighborhood of Market in Market, Kirkland.
What is the average sales price for listings in 2016 Market Street?
The average sales price for units in 2016 Market Street is $0 currently.

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