NOT LISTED FOR SALE

Estimated Value: $1,190,353 - $1,486,000

-- Bed
-- Bath
2,188 Sq Ft
$612/Sq Ft Est. Value

Last Sold December 14, 2020

Last sale price $1,200,000 $548 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,206/month

387 Days on Market

Highlights

  • Lake View
  • Deck
  • Wood Flooring
  • Garfield High School Rated A

About This Home

As of December 2020

Landmark property overlooking Downtown, Lake Union, and Gas Works Park. High ceilings, desirable 1 bed 1 bath units w/ hardwood floors, natural light and views from each unit. Great opportunity for owner-occupied investment in the heart of the city, renovate plus basement expansion to maximize income and collect rents while permitting. Rental upside w/ Airbnb. New roof 2015, new sewer main 2007. Value in land for future redevelopment LR2 zoning. Marketing packet in NWMLS supplements.

Last Agent to Sell the Property

Andrew Langsford

Venture Real Estate Group LLC License #24298 Listed on: 10/04/2019

Co-Listed By

Zhandos Belbayev

Hallmark Realty License #136258

Last Buyer's Agent

Andrew Langsford

Venture Real Estate Group LLC License #24298 Listed on: 10/04/2019

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1527186

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,816

Year Built

  • Built in 1912

Lot Details

  • 3,744 Sq Ft Lot
  • Property is in good condition

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 2,188 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Schools

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

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2163901390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,816

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1912
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2188
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you.
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat, Torch Down
  • View: City, Lake, Mountain(s), Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 3774

Fee Information

  • Annual Fuel Expense: 83

Schools

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

Lot Info

  • Parcel Number: 2163901390
  • Lot Size Acres: 0.086
  • Lot Size Sq Ft: 3744
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 7484

Multi Family

  • Gross Scheduled Income: 93120
  • Net Operating Income: 71629
  • Number Of Units Total: 4
  • Electric Expense: 83
  • Insurance Expense: 1437
  • Leasable Area: 3454
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 9816

MLS Schools

  • Elementary School: Lowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2019
Closed on
Jan 6, 2021
Sold by
Langsford Andrew
Bought by
1124 Lakeview Llc
Seller's Agent
Andrew Langsford
Venture Real Estate Group LLC
Buyer's Agent
Andrew Langsford
Venture Real Estate Group LLC
List Price
$1,450,000
Sold Price
$1,200,000
Premium/Discount to List
-$250,000
-17.24%
Current Estimated Value
$1,338,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,177
Avg. Annual Appreciation
7.86%
Original Mortgage
$900,000
Outstanding Balance
$811,759
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$908,241

Purchase Details

Listed on
Oct 4, 2019
Closed on
Dec 11, 2020
Sold by
Langsford Jamie
Bought by
Langsford Andrew P
Seller's Agent
Andrew Langsford
Venture Real Estate Group LLC
Buyer's Agent
Andrew Langsford
Venture Real Estate Group LLC
List Price
$1,450,000
Sold Price
$1,200,000
Premium/Discount to List
-$250,000
-17.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$811,759
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$908,241

Purchase Details

Listed on
Oct 4, 2019
Closed on
Dec 7, 2020
Sold by
Carlson Duane and Carlson Elizabeth
Bought by
Langsford Andrew P
Seller's Agent
Andrew Langsford
Venture Real Estate Group LLC
Buyer's Agent
Andrew Langsford
Venture Real Estate Group LLC
List Price
$1,450,000
Sold Price
$1,200,000
Premium/Discount to List
-$250,000
-17.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$811,759
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$908,241

Purchase Details

Closed on
Apr 18, 2006
Sold by
Lynch Scott William and Lynch Julie Ann
Bought by
Carlson Duane and Carlson Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,500
Interest Rate
1.5%

Purchase Details

Closed on
Mar 22, 2006
Sold by
Speiser Todd H
Bought by
Arsumanyan Nana and Davydova Nona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,500
Interest Rate
1.5%

Purchase Details

Closed on
Mar 13, 1998
Sold by
Soule Gary D and Netland Kerry
Bought by
Lynch Scott William and Lynch Julie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.02%

Purchase Details

Closed on
Sep 29, 1992
Sold by
Soule Gery D
Bought by
Soule Gery D and Netland Kerry

Purchase Details

Closed on
Jul 6, 1992
Sold by
Barnes Gregory C
Bought by
Soule Gary D
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
1124 Lakeview Llc -- None Available
Langsford Andrew P -- First American Title
Langsford Andrew P $1,200,000 First American
Carlson Duane $915,000 Commonwealth L
Arsumanyan Nana $160,000 Stewart Title
Lynch Scott William $420,000 Fidelity National Title
Soule Gery D -- --
Soule Gary D $229,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1124 Lakeview Llc $500,000
Open Langsford Andrew P $900,000
Previous Owner Carlson Duane $86,900
Previous Owner Carlson Duane $640,500
Previous Owner Arsumanyan Nana $128,000
Previous Owner Lynch Scott William $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2020 12/14/20 Sold $1,200,000 -14.0% $548 / Sq Ft
10/25/2020 10/25/20 Pending -- -- --
06/26/2020 06/26/20 Price Changed $1,395,000 -3.8% $638 / Sq Ft
04/22/2020 04/22/20 For Sale $1,450,000 0.0% $663 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $1,450,000 +20.8% $663 / Sq Ft
03/21/2020 03/21/20 Off Market $1,200,000 -- --
03/15/2020 03/15/20 For Sale $1,450,000 0.0% $663 / Sq Ft
02/29/2020 02/29/20 Pending -- -- --
11/08/2019 11/08/19 Price Changed $1,450,000 -4.0% $663 / Sq Ft
10/04/2019 10/04/19 For Sale $1,510,000 -- $690 / 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 $12,929 $1,354,000 $1,123,200 $230,800
2023 $11,965 $1,267,000 $1,123,200 $143,800
2022 $11,230 $1,269,000 $748,800 $520,200
2021 $12,571 $1,222,000 $748,800 $473,200
2020 $11,828 $1,306,000 $748,800 $557,200
2018 $10,392 $1,142,000 $636,400 $505,600
2017 $9,533 $1,052,000 $561,600 $490,400
2016 $7,723 $998,000 $430,500 $567,500
2015 -- $785,000 $430,500 $354,500
2014 -- $700,000 $430,500 $269,500
2013 -- $650,000 $299,500 $350,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1527186

Northwest Multiple Listing Service (NWMLS)

APN: 216390-1390