Listed by Paragon Real Estate Advisors, Bought with Westlake Associates, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
16,767 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: September 25, 2019

Last sale price $10,775,000 $643 Per Sq Ft

38 Days on Market

About This Home

As of September 2019

Location Location! Location! 1920’s wood framed classic brick building located in an A+ in-city neighborhood. Building offers secured access entry, common laundry and spacious floor plans with a mix of studio and 1BD units. Units offer attractive hardwood flooring and abundant natural light. Walking distance to everything! Great opportunity to add value through updates and raising below market rents.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 06/25/2019

Last Buyer's Agent

Chad Martini

Westlake Associates, Inc. License #118627

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1480490

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,315

Year Built

  • Built in 1925

Lot Details

  • 10,947 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 16,767 Sq Ft Home
  • 3-Story Property

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6852700575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,315

Year Built

Built in 1925

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1925
  • Buyer Agency Compensation: 100,000
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 16767
  • SOCComments: SOC shall be a flat fee of $100,000
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6852700575
  • Lot Size Acres: 0.2513
  • Lot Size Sq Ft: 10947
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 50592

Tax Info

  • Year: 2019
  • Tax Annual Amount: 52315

Multi Family

  • Number Of Units Total: 32
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2019
Closed on
Sep 25, 2019
Sold by
Bought by
Seller's Agent
Cathy Jeney
Paragon Real Estate Advisors
Buyer's Agent
Chad Martini
Westlake Associates, Inc.
List Price
$9,250,000
Sold Price
$10,775,000
Premium/Discount to List
$1,525,000
16.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,700,000
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
0.0614%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,114
Interest Rate
0.0582%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 1988
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$10,770,200 First American Title
-- Chicago Title
$2,771,800 Chicago Title
$934,700 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $5,700,000
Closed $4,850,000
Closed $2,300,000
Closed $184,114
Closed $1,825,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/25/2019 09/25/19 Sold $10,775,000 +16.5% $643 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $9,250,000 -- $552 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $47,357 $4,520,800 $4,378,800 $142,000
2024 $42,930 $4,409,800 $4,378,800 $31,000
2023 $64,690 $5,725,800 $4,378,800 $1,347,000
2022 $59,282 $7,711,700 $4,269,300 $3,442,400
2021 $69,183 $6,491,700 $4,269,300 $2,222,400
2020 $67,365 $7,233,300 $4,105,100 $3,128,200
2018 $63,088 $6,123,300 $2,134,600 $3,988,700
2017 $59,397 $6,442,000 $2,134,600 $4,307,400
2016 $48,756 $5,638,400 $1,149,200 $4,489,200
2015 -- $4,953,000 $1,723,800 $3,229,200
2014 -- $4,188,000 $1,723,800 $2,464,200
2013 -- $3,815,000 $1,723,800 $2,091,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1480490

Northwest Multiple Listing Service (NWMLS)
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