Listed by Ensemble, Bought with Real Residential
NOT LISTED FOR SALE
8 Beds
2 Baths
3,760 Sq Ft
5,000 Sq Ft Lot

Last Sold July 25, 2017

Last sale price $1,799,812 $479 Per Sq Ft

15 Days on Market

Highlights

  • Softwood Flooring
  • Wood Siding
  • 2-minute walk to Madrona Playground
  • Garfield High School Rated A

About This Home

As of July 2017

Prime investment opportunity for commercial/residential development. Superb location at the center of the vibrant Madrona commercial district. Zoned NC-130, on a 50X100ft lot w/alley access. Current use as a solid rental rooming house for 8 tenants (on month to month leases), plus retail unit at street front. Original turn of the century home remains w/many original features. Great potential for mixed use or townhome project. Easy access to downtown. Potential lake views from upper levels.

Last Agent to Sell the Property

Ron Pederson

Ensemble License #72637 Listed on: 05/10/2017

Last Buyer's Agent

Albert Clark

Real Residential License #49884

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1120680

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,394

Year Built

  • Built in 1909

Lot Details

  • 5,000 Sq Ft Lot

Home Design

  • Duplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,760 Sq Ft Home
  • 3-Story Property

Flooring

  • Softwood
  • Vinyl

Community Details

  • Randalls 2Nd Add Condos
  • Madrona Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7152200015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,394

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1909
  • Buyer Agency Compensation: 2.75
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Randalls 2nd Add
  • New Construction: No
  • CalculatedSquareFootage: 3760
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family, See Remarks
  • Fireplace: No
  • Flooring: Softwood, Hardwood, Vinyl
  • Interior Amenities: Fir/Softwood, Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7152200015
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR Realist
  • ZoningClass: Commercial,Multi-Family,See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 4500

Tax Info

  • Year: 2017
  • Tax Annual Amount: 6394

Multi Family

  • Number Of Units Total: 1
  • Electric Expense: 4718
  • UnitsBelowGrade: false

Range of Values:

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Value Increase
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2017 07/25/17 Sold $1,799,812 +50.0% $479 / Sq Ft
05/26/2017 05/26/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $1,200,000 -- $319 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1120680

Northwest Multiple Listing Service (NWMLS)