NOT LISTED FOR SALE

Estimated Value: $1,086,298 - $1,152,000

3 Beds
3 Baths
8,046 Sq Ft
$139/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $4,015,625 $499 Per Sq Ft

Current estimated payment $6,600/month

84 Days on Market

Highlights

  • New Construction
  • Rooftop Deck
  • Wood Flooring
  • McGilvra Elementary School Rated A
  • Territorial View
  • 3-minute walk to Plum Tree Park

About This Home

As of May 2022

Unique opportunity rarely available to own five individually titled, non-condominium single family units for one incredible price. Project includes eight total units, must be purchased with tandem listing #1884464. Vacant, never occupied, no existing leases. Finishing touches on construction and site improvements for final occupancy propel you forward to sell individually at a future date or retain as an investment portfolio, whether one or all at your discretion with no board or HOA restrictions. Architecturally mastered in appearance and function with lavish modern finishes. Rooftop decks offer commanding territorial views of the surroundings in this convenient location just south of Madison Park.

Last Agent to Sell the Property

John Barker

Windermere RE/Capitol Hill,Inc License #6803 Listed on: 02/04/2022

Windermere RE/Capitol Hill,Inc

Last Buyer's Agent

John Barker

Windermere RE/Capitol Hill,Inc License #6803 Listed on: 02/04/2022

Windermere RE/Capitol Hill,Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1883459

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $38,635

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 5,884 Sq Ft Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 8,046 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 16 Parking Spaces
  • 16 Covered Spaces

Outdoor Features

  • Rooftop Deck

Schools

  • Mc Gilvra Elementary School
  • Wash Mid Middle School
  • Garfield High School

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Madison Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9828702319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$38,635

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2019
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 8046
  • EffectiveYearBuiltSource: Public Records
  • NewConstruction: Under Construction
  • Special Features: 4098

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 16
  • Open Parking: No
  • Total Parking Spaces: 16

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 9828702319
  • Lot Size Acres: 0.1351
  • Lot Size Sq Ft: 5884
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Rooftop Deck
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 38635
  • AdditionalTaxIds: 9828702307,9828702316,9828702317,9828702320

Multi Family

  • Number Of Units Total: 5
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Mc Gilvra

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2021
Sold by
Cam Xi Trust and Hmc Assets Llc
Bought by
Cam Real Estate Xia Llc
Current Estimated Value
$1,116,075

Purchase Details

Closed on
Oct 8, 2021
Sold by
Commercial Default Services Of Washingto
Bought by
Cam Xi Trust and Hmc Assets Llc

Purchase Details

Closed on
Feb 22, 2016
Sold by
Barcelo Homes Inc
Bought by
88 Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,287,412
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2015
Sold by
Kayser Thomas and Sebeste Ann V
Bought by
Barcelo Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,287,412
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 1987
Sold by
Damey Ronald L
Bought by
Kayser Thomas and Kayser Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cam Real Estate Xia Llc -- None Listed On Document
Cam Xi Trust -- None Listed On Document
88 Group Inc $1,900,000 First American
Barcelo Homes Inc $1,330,000 First American
Kayser Thomas $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 88 Group Inc $4,287,412
Previous Owner Barcelo Homes Inc $3,194,516
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $4,015,625 -8.2% $499 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $4,375,000 -- $544 / 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 $9,227 $976,000 $334,000 $642,000
2023 $8,550 $917,000 $334,000 $583,000
2022 $7,885 $967,000 $288,000 $679,000
2021 $7,755 $868,000 $262,000 $606,000
2020 $6,882 $810,000 $237,000 $573,000
2018 $5,857 $177,900 $177,900 $0
2017 $8,787 $574,000 $529,000 $45,000
2016 $8,339 $464,900 $454,900 $10,000
2015 $6,856 $826,000 $816,000 $10,000
2014 -- $690,000 $680,000 $10,000
2013 -- $613,000 $507,000 $106,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1883459

Northwest Multiple Listing Service (NWMLS)

APN: 982870-2305