Listed by Westlake Associates, Inc.
NOT LISTED FOR SALE

Estimated Value: $2,525,000 - $3,400,000

4 Beds
5 Baths
4,660 Sq Ft
$609/Sq Ft Est. Value

Last Sold January 25, 2016

Last sale price $1,300,000 $279 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $16,544/month

4 Days on Market

Highlights

  • Lake View
  • Secluded Lot
  • Wall to Wall Carpet
  • Peter Kirk Elementary School Rated A
  • Wood Siding
  • 5-minute walk to Cedar View Park

About This Home

As of January 2016

The La Seville Apartments were constructed in 1978 on 16,820 square feet of RM 3.6 zoned land that is ideal for future redevelopment. The building is wood framed with stucco siding, double-pane windows and a pitched composite roof. The unit mix consists of 4-794 Square foot 2 bedroom, 1.5 bath units each with a view of Lake Washington and 1-510 square foot ground floor 1 bedroom, 1 bath unit. Each apartment has a W/D and the two top floor units have fireplaces.

Last Agent to Sell the Property

Travis Kannier

Westlake Associates, Inc. License #79950 Listed on: 10/14/2015

Co-Listed By

Matthew Little

Westlake Associates, Inc. License #3914

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 859468

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,807

Year Built

  • Built in 1978

Lot Details

  • 0.39 Acre Lot
  • Secluded Lot
  • Property is in good condition

Property Views

  • Lake
  • Mountain

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,660 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 14 Parking Spaces
  • Open Parking

Community Details

  • Highlands Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3886901615

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,807

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4660
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s)
  • Lot Features: Curbs, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 7
  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5928

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 3886901615
  • Lot Size Acres: 0.3861
  • Lot Size Sq Ft: 16820
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 4890

Multi Family

  • Gross Scheduled Income: 58680
  • Net Operating Income: 29915
  • Number Of Units Total: 5
  • Electric Expense: 456
  • Insurance Expense: 2538
  • Leasable Area: 3970
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2015
  • Tax Annual Amount: 8807

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2015
Closed on
Jan 19, 2016
Sold by
Hathaway Arthur R and Hathaway Marilyn
Bought by
Tmg Spec Ii Llc
Seller's Agent
Travis Kannier
Westlake Associates, Inc.
List Price
$1,300,000
Sold Price
$1,300,000
Current Estimated Value
$2,839,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,539,537
Avg. Annual Appreciation
8.41%
Original Mortgage
$975,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 14, 2015
Closed on
Jan 15, 2016
Sold by
Hathaway Arthur R and Hathaway Marilyn
Bought by
Tmg Spec Ii Llc
Seller's Agent
Travis Kannier
Westlake Associates, Inc.
List Price
$1,300,000
Sold Price
$1,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 1989
Sold by
Hathaway Margie W
Bought by
Hathaway Arthur R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tmg Spec Ii Llc $1,299,500 First American
Tmg Spec Ii Llc -- First American
Hathaway Arthur R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tmg Spec Ii Llc $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2016 01/25/16 Sold $1,300,000 0.0% $279 / Sq Ft
10/20/2015 10/20/15 Pending -- -- --
10/15/2015 10/15/15 For Sale $1,300,000 -- $279 / 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 $17,871 $2,213,000 $684,000 $1,529,000
2023 $17,259 $2,027,000 $627,000 $1,400,000
2022 $15,197 $2,445,000 $758,000 $1,687,000
2021 $15,565 $1,715,000 $535,000 $1,180,000
2020 $15,369 $1,594,000 $460,000 $1,134,000
2018 $3,753 $1,557,000 $451,000 $1,106,000
2017 $3,071 $333,600 $333,600 $0
2016 $8,999 $277,500 $276,500 $1,000
2015 -- $892,400 $891,400 $1,000
2014 -- $842,000 $841,000 $1,000
2013 -- $842,000 $841,000 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 859468

Northwest Multiple Listing Service (NWMLS)

APN: 388690-1615