Listed by WPI Real Estate Services, Inc., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

10522 Lake City Way NE Seattle, WA 98125

Lake City Neighborhood
9 Beds
8 Baths
32,631 Sq Ft
0.63 Acres

Last Sold May 21, 2013

Last sale price $3,550,000 $109 Per Sq Ft

119 Days on Market

Highlights

  • 0.63 Acre Lot
  • Wood Siding
  • Wall to Wall Carpet
  • John Rogers Elementary School Rated A-

About This Home

As of May 2013

10 commercial units, 32 residential units. All specials units & under market rent by about 10-20%. Owner spent serious $ to improve the property including 65% of new roof in 2008, completely new exterior painting in 2010, 35% units remodeled in 2006, All balcony Iron Rails replaced in 2009, new concrete retainig wall. Majority units have washer/dryer or hookups. Each unit has dishwasher and fireplace except commerical units. Each unit either has a balcony or patio. A good condo conv candidate.

Last Agent to Sell the Property

Jane Nipius

WPI Real Estate Services, Inc. License #30464 Listed on: 10/24/2012

Last Buyer's Agent

Melina Lin

Skyline Properties, Inc. License #95015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 417849

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,345

Year Built

  • Built in 1983

Lot Details

  • 0.63 Acre Lot

Home Design

  • 32,631 Sq Ft Home
  • Built-Up Roof
  • Wood Siding

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 51 Parking Spaces
  • 29 Covered Spaces
  • Open Parking

Community Details

  • Lake City Subdivision
  • 5-Story Property

Listing and Financial Details

  • Assessor Parcel Number 2826049219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,345

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1983
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 32631
  • SOCComments: commission may down to 1.5 if offer low.
  • Special Features: VirtualTour
  • Cumulative Days on Market: 460

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile
  • Stories: 5
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Elevator,See Remarks,Storage

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 29
  • Open Parking Spaces: 22
  • Open Parking: Yes
  • Total Parking Spaces: 51
  • ParkingUncoveredSpaces: 22

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 49999

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2826049219
  • Lot Size Acres: 0.628
  • Lot Size Sq Ft: 27354
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 30866

Multi Family

  • Gross Scheduled Income: 370392
  • Net Operating Income: 176059
  • Number Of Units Total: 7
  • Insurance Expense: 15000
  • Leasable Area: 32631
  • UnitsInBuildingTotal: 42
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2011
  • Tax Annual Amount: 40345

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2013 05/21/13 Sold $3,550,000 -11.2% $109 / Sq Ft
02/21/2013 02/21/13 Pending -- -- --
10/24/2012 10/24/12 For Sale $3,999,000 -- $123 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jane Nipius

    Seller's Agent in 2013

    Jane Nipius

    WPI Real Estate Services, Inc.

    (206) 930-1146

    1 in this area

    35 Total Sales

    Section Image

  • M

    Buyer's Agent in 2013

    Melina Lin

    Skyline Properties, Inc

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 417849

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98125 Lake City

10522 Lake City Way NE, Seattle, WA

This home is located at 10522 Lake City Way NE, Seattle, WA 98125 since 24 October 2012. This property was built in 1983. 10522 Lake City Way NE is a home located in King County with nearby schools including John Rogers Elementary School, Jane Addams Middle School, and Nathan Hale High School.

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.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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