Listed by Windermere Real Estate/M2, LLC, Bought with Seattle Works Real Estate
NOT LISTED FOR SALE

Estimated Value: $1,407,000 - $1,679,000

4 Beds
4 Baths
3,260 Sq Ft
$483/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $1,188,000 $364 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $9,643/month

7 Days on Market

Highlights

  • Deck
  • Territorial View
  • High Speed Internet
  • Garfield High School Rated A
  • Wood Flooring
  • 1-minute walk to Madrona Playground

About This Home

As of April 2021

Incredible investment opportunity in the heart of Madrona. Renovate and live in the top unit and rent out the other two units. Both front and back yards are fenced with garden space in back. Large deck off top floor unit great for relaxing and entertaining. Ample storage throughout the building, Land is zoned multi-family and business commercial NC140 (M). Convenient living all within a few blocks of your front door: right across the street from Madrona Elementary, a quick walk to Madrona Playground, library, and central Madrona with tons of unique shops, restaurants, and personal services. Ride the bus west to downtown Seattle or drive east and enjoy an afternoon at Lake Washington. Here’s your chance to be a part of this jovial community.

Last Agent to Sell the Property

Ronald Nugent

Windermere Real Estate/M2, LLC License #4563 Listed on: 03/19/2021

Windermere Real Estate/M2, LLC

Last Buyer's Agent

Shawn Lee

Seattle Works Real Estate License #24459

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1744784

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,487

Year Built

  • Built in 1942

Lot Details

  • 5,145 Sq Ft Lot
  • Partially Fenced Property
  • Value in Land
  • Property is in average condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,260 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Madrona Elementary School
  • Garfield High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Marion Highlands Condos
  • Seattle Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 / 1
  • Assessor Parcel Number 5157700030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,487

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1942
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Marion Highlands
  • New Construction: No
  • CalculatedSquareFootage: 3260
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 5157700030
  • Lot Size Acres: 0.1181
  • Lot Size Sq Ft: 5145
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Outbuildings
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Business,Commercial,Multi-Family,Residential
  • LotNumber: 6

Green Features

  • Power Production Type: Electric

Rental Info

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

Tax Info

  • Year: 2020
  • Tax Annual Amount: 12487

Multi Family

  • Number Of Units Total: 3
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Madrona Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
Apr 5, 2021
Sold by
Mitchell Damion and Estate Of Matthew G Sanders
Bought by
Graham Kaitlyn Sierra
Seller's Agent
Ronald Nugent
Windermere Real Estate/M2, LLC
Buyer's Agent
Shawn Lee
Seattle Works Real Estate
List Price
$1,299,777
Sold Price
$1,188,000
Premium/Discount to List
-$111,777
-8.6%
Current Estimated Value
$1,574,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,667
Avg. Annual Appreciation
6.06%
Original Mortgage
$725,000
Outstanding Balance
$653,531
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$921,136

Purchase Details

Closed on
Dec 14, 1988
Sold by
Sanders Mathew G
Bought by
Sanders Matthew G and Sanders Mary L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Graham Kaitlyn Sierra $1,188,000 First American Title
Sanders Matthew G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graham Kaitlyn Sierra $725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2021 04/07/21 Sold $1,188,000 -8.6% $364 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $1,299,777 -- $399 / 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 $17,889 $1,841,000 $1,840,000 $1,000
2023 $16,417 $1,716,000 $1,715,000 $1,000
2022 $13,137 $1,725,000 $1,715,000 $10,000
2021 $11,944 $1,399,000 $1,389,000 $10,000
2020 $12,488 $1,204,000 $961,000 $243,000
2018 $11,263 $1,196,000 $982,000 $214,000
2017 $9,797 $1,116,000 $870,000 $246,000
2016 $9,369 $1,001,000 $760,000 $241,000
2015 $6,191 $948,000 $720,000 $228,000
2014 -- $631,000 $283,000 $348,000
2013 -- $558,000 $261,000 $297,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1744784

Northwest Multiple Listing Service (NWMLS)

APN: 515770-0030