NOT LISTED FOR SALE

1212 Market St Unit 1-16 Kirkland, WA 98033

Norkirk Neighborhood
-- Bed
-- Bath
14,350 Sq Ft
0.6 Acres

Last Sold September 09, 2019

Last sale price $5,200,000 $362 Per Sq Ft

4 Days on Market

Highlights

  • 0.6 Acre Lot
  • Deck
  • Thermal Windows
  • Peter Kirk Elementary School Rated A
  • Corner Lot
  • Patio

About This Home

As of September 2019

Located in desirable Market neighborhood within minutes of an abundance of high-paying/rapidly expanding Eastside employers and just ±20 minutes from downtown Seattle. Within easy walking distance of both Kirkland's bustling downtown scene as well its serene waterfront parks. The 26,112-SF, MSC 1-zoned lot likely provides the opportunity to redevelop the property into ±16 luxury townhomes (Buyer to verify). World-class location. Large units. Currently profitable with upside potential.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 07/15/2019

Last Buyer's Agent

Dan Swanson

Kidder Mathews License #13533 Listed on: 07/15/2019

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1490644

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,707

Year Built

  • Built in 1969

Lot Details

  • 0.6 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Value in Land

Home Design

  • Flat Roof Shape
  • Wood Siding
  • Stucco

Interior Spaces

  • 14,350 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 29 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Kirkelem Elementary School
  • Kirkland Middle School
  • Lake Wash High School

Utilities

  • Cable TV Available

Community Details

  • Kona Condos
  • East Of Market Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3885804340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,707

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1969
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Kona
  • New Construction: No
  • CalculatedSquareFootage: 14350
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 27
  • Open Parking: Yes
  • Total Parking Spaces: 29
  • ParkingUncoveredSpaces: 27

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 11610

Schools

  • Junior High Dist: Lake Washington
  • High School: Lake Wash High
  • Middle Or Junior School: Kirkland Middle

Lot Info

  • Parcel Number: 3885804340
  • Lot Size Acres: 0.5994
  • Lot Size Sq Ft: 26112
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: Water Tank
  • TotalMonthlyIncome: 22811

Multi Family

  • Gross Scheduled Income: 273726
  • Net Operating Income: 169652
  • Number Of Units Total: 16
  • Insurance Expense: 5506
  • Leasable Area: 12800
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2019
  • Tax Annual Amount: 40707

MLS Schools

  • Elementary School: KirkElem

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
09/09/2019 09/09/19 Sold $5,200,000 +2.0% $362 / Sq Ft
07/19/2019 07/19/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $5,100,000 -- $355 / 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: 1490644

Northwest Multiple Listing Service (NWMLS)