Listed by Lee & Associates Commercial RE, Bought with Fathom Realty WA LLC
NOT LISTED FOR SALE
Studio
1 Bath
13,848 Sq Ft
7,688 Sq Ft Lot

Sale Details

Date Sold: August 15, 2025

Last sale price $2,440,000 $176 Per Sq Ft

76 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Vinyl Plank Flooring
  • Daniel Bagley Elementary School Rated A-

About This Home

As of August 2025

Pine Place Apartments is a well-maintained 14-unit asset in North Seattle offering strong value-add potential. Built in 1989 with modern systems including copper plumbing, updated electrical, and Durolast roofing, the property is steps from the Northgate Light Rail, Kraken Iceplex, and Green Lake Park. The diverse unit mix includes 2-bed, 1-bed, open 1-bed, and studios, each with private decks, secure entry, and access to two laundry rooms and 12 garage parking spaces. With below-market rents and projected 22.2% upside, Pine Place presents an ideal repositioning opportunity in a high-demand, transit-connected submarket.

Last Agent to Sell the Property

Dea Sumantri

Lee & Associates Commercial RE License #21001837 Listed on: 04/10/2025

Co-Listed By

Sara Bago

Lee & Associates Commercial RE License #20119704

Last Buyer's Agent

Kristin Petkavich

Fathom Realty WA LLC License #116993

Fathom Realty WA LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2357206

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,115

Year Built

  • Built in 1989

Lot Details

  • 7,688 Sq Ft Lot
  • Property is in good condition

Parking

  • 12 Covered Spaces

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 13,848 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Vinyl Plank

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Licton Springs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0993000290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,115

Year Built

Built in 1989

Lot Details

7,688 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1989
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 13848
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 12
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: SCL
  • SewerCompany: SPU
  • WaterCompany: SPU

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0993000290
  • Lot Size Acres: 0.1765
  • Lot Size Sq Ft: 7688
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: King County Parcel Viewer
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.9
  • LeasedItems: None
  • TotalMonthlyIncome: 19615

Tax Info

  • Year: 2025
  • Tax Annual Amount: 28115

Multi Family

  • Number Of Units Total: 14
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2025
Closed on
Aug 15, 2025
Sold by
Bought by
Seller's Agent
Dea Sumantri
Lee & Associates Commercial RE
Buyer's Agent
Kristin Petkavich
Fathom Realty WA LLC
List Price
$2,895,000
Sold Price
$2,440,000
Premium/Discount to List
-$455,000
-15.72%
Views
21

Purchase Details

Closed on
Dec 14, 2001
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 1991
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,437,500 None Listed On Document
-- --
$728,800 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/15/2025 08/15/25 Sold $2,440,000 -15.7% $176 / Sq Ft
06/25/2025 06/25/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $2,895,000 -- $209 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $26,412 $2,535,000 $1,383,800 $1,151,200
2024 $23,527 $2,425,000 $1,383,800 $1,041,200
2023 $26,889 $2,981,000 $1,383,800 $1,597,200
2022 $25,911 $3,181,000 $1,383,800 $1,797,200
2021 $29,234 $2,821,000 $1,383,800 $1,437,200
2020 $27,832 $3,039,000 $1,306,900 $1,732,100
2018 $21,650 $2,512,000 $1,076,300 $1,435,700
2017 $20,879 $2,185,000 $845,600 $1,339,400
2016 $18,312 $2,183,000 $615,000 $1,568,000
2015 $14,855 $1,864,000 $576,600 $1,287,400
2014 -- $1,539,000 $538,100 $1,000,900
2013 -- $1,466,000 $538,100 $927,900
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2357206

Northwest Multiple Listing Service (NWMLS)
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