Listed by South Lake Associates Inc., Bought with Urban Commercial Partners, LLC
NOT LISTED FOR SALE

Estimated Value: $1,121,710 - $1,399,000

6 Beds
3 Baths
3,860 Sq Ft
$338/Sq Ft Est. Value

Last Sold January 14, 2016

Last sale price $760,000 $197 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $8,090/month

13 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 3-minute walk to Gemenskap Park
  • West Woodland Elementary School Rated A

About This Home

As of January 2016

Solid property in the heart of Ballard with lots of potential. 5000 SF lot with fenced yard and parking strip in back for 3 cars. Perfect for owner occupied with great rental income or investor. Property permitted as duplex per city of Seattle and county tax records reflect tri-plex. Property currently does have 3 two bedroom and 1 one bedroom units that can be converted into two side by side two story duplexes. Lots of potential buyer to verify best and intended use.

Last Agent to Sell the Property

Phil Pajaczek

South Lake Associates Inc. License #85657 Listed on: 11/28/2015

Co-Listed By

John Jochim

South Lake Associates Inc. License #21112

Last Buyer's Agent

Tyler Bretz, CCIM

Urban Commercial Partners, LLC License #23000464

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 873449

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,752

Year Built

  • Built in 1961

Lot Details

  • 5,000 Sq Ft Lot
  • Property is in average condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,860 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767900755

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,752

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1961
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3860
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 384

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Oil
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 4500

Fee Information

  • Annual Fuel Expense: 1200

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2767900755
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Oil

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 4250

Multi Family

  • Gross Scheduled Income: 51000
  • Net Operating Income: 33788
  • Number Of Units Total: 3
  • Electric Expense: 1500
  • Insurance Expense: 1200
  • Leasable Area: 3860
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5752

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2015
Closed on
Jan 6, 2016
Sold by
Ringseth Paul F and Ringseth Virginia
Bought by
Calvert Todd and Calvert Jessica
Seller's Agent
Phil Pajaczek
South Lake Associates Inc.
Buyer's Agent
Tyler Bretz, CCIM
Urban Commercial Partners, LLC
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%
Current Estimated Value
$1,303,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$543,428
Avg. Annual Appreciation
6.57%
Original Mortgage
$608,000
Outstanding Balance
$487,759
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$916,936

Purchase Details

Closed on
Mar 23, 2009
Sold by
Ringseth Paul F and Ringseth Virginia
Bought by
Ringseth Paul F and Ringseth Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,800
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 1997
Sold by
Wall Ricard B and Wall Christine L
Bought by
Olson John E and Olson Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,400
Interest Rate
7.96%

Purchase Details

Closed on
Apr 1, 1994
Sold by
Scollard Richard J and Scollard Carolyn
Bought by
Wall Ricard B and Wall Christine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.38%
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
Calvert Todd $760,000 First American
Ringseth Paul F -- Fidelity Natl Title Ins Co
Olson John E $248,000 Evergreen Title Company Inc
Wall Ricard B $200,000 Evergreen Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calvert Todd $608,000
Previous Owner Ringseth Paul F $283,800
Previous Owner Olson John E $198,400
Previous Owner Wall Ricard B $150,000
Closed Olson John E $24,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2016 01/14/16 Sold $760,000 +1.3% $197 / Sq Ft
12/12/2015 12/12/15 Pending -- -- --
11/28/2015 11/28/15 For Sale $750,000 -- $194 / 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 $12,520 $1,260,000 $1,142,000 $118,000
2023 $11,550 $1,181,000 $1,048,000 $133,000
2022 $11,147 $1,292,000 $989,000 $303,000
2021 $10,062 $1,176,000 $940,000 $236,000
2020 $10,402 $1,004,000 $337,000 $667,000
2018 $9,353 $1,026,000 $359,000 $667,000
2017 $7,970 $918,000 $324,000 $594,000
2016 $7,196 $805,000 $284,000 $521,000
2015 $5,752 $708,000 $254,000 $454,000
2014 -- $573,000 $209,000 $364,000
2013 -- $528,000 $193,000 $335,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 873449

Northwest Multiple Listing Service (NWMLS)

APN: 276790-0755