Listed by John L. Scott, Inc., Bought with RE/MAX Metro Realty, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,469,483 - $1,692,000

-- Bed
-- Bath
2,068 Sq Ft
$764/Sq Ft Est. Value

Last Sold April 24, 2015

Last sale price $915,000 $442 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $9,382/month

52 Days on Market

Highlights

  • Deck
  • Territorial View
  • Patio
  • Stevens Elementary School Rated A-
  • Wood Flooring
  • 3-minute walk to Miller Triangle

About This Home

As of April 2015

Great investment opportunity in prime Capitol Hill location. Highly sought after 4-plex in a neighborhood with one of the lowest vacancy rates in the Puget Sound. Very solid building w/ great rental income history. Excellent cash flow for investor or live in one & rent out the other. With a few interior upgrades the rents could soar! Exterior is freshly painted and most window replaced. Electric bus stop right in front of home. Very walkable location to all that is Capitol Hill.

Last Agent to Sell the Property

Andy Sather

John L. Scott, Inc. License #81882 Listed on: 01/20/2015

John L. Scott, Inc.

Last Buyer's Agent

Kevin Harasimowicz

RE/MAX Metro Realty, Inc. License #102801

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 733948

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,226

Year Built

  • Built in 1927

Lot Details

  • 2,264 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,068 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Schools

  • Stevens Elementary School
  • Wash Mid Middle School
  • Garfield High School

Utilities

  • Natural Gas Connected

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3043200010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,226

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1927
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2068
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 400

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Sewer Connected, Natural Gas Connected
  • PowerCompany: City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 3043200010
  • Lot Size Acres: 0.052
  • Lot Size Sq Ft: 2264
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Builder Plans
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5095

Multi Family

  • Gross Scheduled Income: 61140
  • Net Operating Income: 42283
  • Number Of Units Total: 4
  • Leasable Area: 2068
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2014

MLS Schools

  • Elementary School: Stevens

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2015
Closed on
Apr 13, 2015
Sold by
Capitol Hill 4 Plex Llc
Bought by
Chen Michael and Lee Eva
Seller's Agent
Andy Sather
John L. Scott, Inc.
Buyer's Agent
Kevin Harasimowicz
RE/MAX Metro Realty, Inc.
List Price
$949,950
Sold Price
$915,000
Premium/Discount to List
-$34,950
-3.68%
Current Estimated Value
$1,580,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$665,742
Avg. Annual Appreciation
4.71%
Original Mortgage
$686,250
Interest Rate
3.8%

Purchase Details

Closed on
Dec 29, 2014
Sold by
Capitol Hill 4 & Plex Llc
Bought by
Hupp Darris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.75%

Purchase Details

Listed on
May 6, 2013
Closed on
Jun 12, 2013
Sold by
Thompson Glenn A
Bought by
Capitol Hill 4 Plex Llc
Seller's Agent
Sheila Matsui
John L. Scott Mill Creek
Buyer's Agent
Andy Sather
John L. Scott, Inc.
List Price
$979,950
Sold Price
$980,000
Premium/Discount to List
$50
0.005%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.39%
Original Mortgage
$700,000
Interest Rate
3.38%

Purchase Details

Closed on
Jul 17, 1991
Sold by
Grochow Keith J
Bought by
Thompson Glenn A
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chen Michael $915,000 Old Republic
Hupp Darris $874,000 Old Republic T
Capitol Hill 4 Plex Llc $980,000 Chicago Title
Thompson Glenn A $162,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Michael $680,000
Closed Chen Michael $686,250
Previous Owner Capitol Hill 4 & Plex Llc $300,000
Previous Owner Hupp Darris $697,300
Previous Owner Capitol Hill 4 Plex Llc $300,000
Previous Owner Capitol Hill 4 Plex Llc $740,000
Previous Owner Capitol Hill 4 Plex Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2015 04/24/15 Sold $915,000 -3.7% $442 / Sq Ft
03/14/2015 03/14/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $949,950 -3.1% $459 / Sq Ft
06/19/2013 06/19/13 Sold $980,000 0.0% $474 / Sq Ft
05/30/2013 05/30/13 Pending -- -- --
05/06/2013 05/06/13 For Sale $979,950 -- $474 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

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 $9,226 $971,000 $905,600 $65,400
2023 $9,788 $1,118,000 $905,600 $212,400
2022 $9,853 $1,170,000 $792,400 $377,600
2021 $11,652 $1,085,000 $792,400 $292,600
2020 $11,342 $1,224,000 $792,400 $431,600
2018 $9,443 $1,114,000 $441,400 $672,600
2017 $9,122 $966,000 $441,400 $524,600
2016 $10,009 $966,000 $249,000 $717,000
2015 $3,230 $1,037,000 $528,000 $509,000
2014 -- $324,300 $249,600 $74,700
2013 -- $597,000 $528,000 $69,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 733948

Northwest Multiple Listing Service (NWMLS)

APN: 304320-0010