NOT LISTED FOR SALE

Estimated Value: $1,272,000 - $2,161,000

6 Beds
3 Baths
2,700 Sq Ft
$626/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $1,420,000 $526 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,155/month

21 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Partially Fenced Property
  • Garfield High School Rated A
  • Patio
  • 2-minute walk to Spring Street Mini Park

About This Home

As of October 2016

A+ location, high return, re-development opportunity. Multi-family investment located a block from the Pike/Pine corridor in Seattle’s Capitol Hill neighborhood. The location boasts a 98/100 walk score meaning residents can accomplish daily activities on foot.

Note: This property is zoned LR-2 urban center village, and preliminary drawings have been done for sub-platting the back of the property, to build 2 additional units, no parking would be necessary for development, buyer to verify.

Last Agent to Sell the Property

Kevin Verger

Kidder Mathews License #26206 Listed on: 08/15/2016

Last Buyer's Agent

Miky Hyun

Berkshire Hathaway HS NW License #99567

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1015044

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,070

Year Built

  • Built in 1903 | Remodeled

Lot Details

  • 3,840 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Outdoor Features

  • Deck
  • Patio

Schools

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

Community Details

  • Edes & Knights Add Suppl Condos
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2254501295

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,070

Year Built

Built in 1903 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1903
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Edes & Knights Add Suppl
  • New Construction: No
  • CalculatedSquareFootage: 2700
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2%
  • Special Features: None
  • Cumulative Days on Market: 337

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Hardwood, Laminate Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking: No
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2900

Schools

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

Lot Info

  • Parcel Number: 2254501295
  • Lot Size Acres: 0.0882
  • Lot Size Sq Ft: 3840
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Public records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 7025

Multi Family

  • Gross Scheduled Income: 84300
  • Net Operating Income: 69651
  • Number Of Units Total: 3
  • Insurance Expense: 1050
  • Leasable Area: 2700
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 2529

Tax Info

  • Year: 2016
  • Tax Annual Amount: 6070

MLS Schools

  • Elementary School: Lowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2017
Sold by
Tax Deferred Exchange Services Inc
Bought by
Hyun Family Llc
Current Estimated Value
$1,689,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$788,000
Outstanding Balance
$661,563
Interest Rate
4.19%
Mortgage Type
Unknown
Estimated Equity
$1,027,437

Purchase Details

Listed on
Aug 15, 2016
Closed on
Oct 21, 2016
Sold by
Solimano Timothy
Bought by
Tax Deferred Exchange Services Inc
Seller's Agent
Kevin Verger
Kidder Mathews
Buyer's Agent
Miky Hyun
Berkshire Hathaway HS NW
List Price
$1,400,000
Sold Price
$1,420,000
Premium/Discount to List
$20,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.02%
Original Mortgage
$1,433,007
Interest Rate
3.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 2013
Sold by
206 Properties Llc
Bought by
Solimano Timothy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,250
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2011
Sold by
Ward Robert J and Ruby Jeanette E
Bought by
206 Properties Llc

Purchase Details

Closed on
Oct 8, 1998
Sold by
Nalli Leo R
Bought by
Ward Robert J and Ruby Jeanette E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
6.88%

Purchase Details

Closed on
Jun 27, 1996
Sold by
Cooper Beverly
Bought by
Nalli Leo R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
11.75%
Source: Public Records

Range of Values:

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
Hyun Family Llc -- Accommodation
Tax Deferred Exchange Services Inc $1,420,000 Stewart Title
Solimano Timothy D -- Wfg National T
206 Properties Llc $517,500 Stewart Title
Ward Robert J $232,000 Chicago Title Insurance Co
Nalli Leo R -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hyun Family Llc $788,000
Previous Owner Tax Deferred Exchange Services Inc $1,433,007
Previous Owner Solimano Timothy D $602,000
Previous Owner Solimano Timothy D $377,250
Previous Owner Ward Robert J $325,370
Previous Owner Ward Robert J $113,000
Previous Owner Nalli Leo R $114,000
Closed Ward Robert J $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $1,420,000 +1.4% $526 / Sq Ft
09/06/2016 09/06/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $1,400,000 -- $519 / 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 $9,921 $1,003,000 $589,000 $414,000
2023 $9,306 $957,000 $589,000 $368,000
2022 $8,835 $1,009,000 $508,000 $501,000
2021 $8,467 $936,000 $461,000 $475,000
2020 $9,173 $852,000 $417,000 $435,000
2018 $8,023 $952,000 $337,000 $615,000
2017 $6,395 $794,000 $288,000 $506,000
2016 $6,070 $649,000 $240,000 $409,000
2015 $5,218 $602,000 $223,000 $379,000
2014 -- $535,000 $172,000 $363,000
2013 -- $362,000 $132,000 $230,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1015044

Northwest Multiple Listing Service (NWMLS)

APN: 225450-1295