Listed by Ku Realty & Associates, Bought with Windermere Real Estate Midtown
NOT LISTED FOR SALE

12000 Sand Point Way NE Seattle, WA 98125

Lake City Neighborhood
7 Beds
6 Baths
5,660 Sq Ft
6,156 Sq Ft Lot

Last Sold November 14, 2017

Last sale price $2,007,100 $355 Per Sq Ft

205 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Patio
  • John Rogers Elementary School Rated A-
  • Corner Lot
  • 1-minute walk to Lake City Living Memorial Triangle

About This Home

As of November 2017

Rare opportunity to own a 10-unit apt complex in Seattle. Seven 1-BR & three 2-BR units. Tenants reimburse landlord for water, sewer& garbage. Two units have full size washer/dryer, other units utilize coin laundry on site Great access to bus route (75),University of Washington, Children's Hospital and other public amenities including beaches, parks and trails. Easy to maintain and manage. Additional income of $8,370 per year from T-Mobile cel. tower. Please refer to marketing flyer for details.

Last Agent to Sell the Property

Thomas Ku

Ku Realty & Associates License #7385 Listed on: 02/27/2017

Last Buyer's Agent

Tim Lenihan

Windermere Real Estate Midtown License #27969

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1082970

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,050

Year Built

  • Built in 1955

Lot Details

  • 6,156 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Wood Composite

Interior Spaces

  • 5,660 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 13 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • John Rogers Elementary School
  • Eckstein Mid Middle School
  • Nathan Hale High School

Utilities

  • Cable TV Available

Community Details

  • Sandpoint Crest Apartment Condos
  • Sand Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8820901566

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,050

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1955
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Sandpoint Crest Apartment
  • New Construction: No
  • CalculatedSquareFootage: 5660
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Torch Down
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 13
  • Open Parking: Yes
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 13

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 10500

Schools

  • Junior High Dist: Seattle
  • High School: Nathan Hale High
  • Middle Or Junior School: Eckstein Mid

Lot Info

  • Parcel Number: 8820901566
  • Lot Size Acres: 0.1413
  • Lot Size Sq Ft: 6156
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 12588

Multi Family

  • Gross Scheduled Income: 134400
  • Net Operating Income: 109988
  • Number Of Units Total: 10
  • Insurance Expense: 2500
  • Leasable Area: 5660
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 12050

MLS Schools

  • Elementary School: John Rogers

Range of Values:

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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 Prior Sale
11/14/2017 11/14/17 Sold $2,007,100 -12.5% $355 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $2,295,000 0.0% $405 / Sq Ft
04/30/2017 04/30/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $2,295,000 0.0% $405 / Sq Ft
03/09/2017 03/09/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $2,295,000 +35.0% $405 / Sq Ft
02/12/2015 02/12/15 Sold $1,700,000 -6.6% $300 / Sq Ft View Prior Sale
01/13/2015 01/13/15 Pending -- -- --
11/20/2014 11/20/14 For Sale $1,820,000 -- $322 / 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: 1082970

Northwest Multiple Listing Service (NWMLS)