Listed by Keller Williams Realty Bothell, Bought with Windermere Real Estate/M2, LLC
NOT LISTED FOR SALE

12729 Greenwood Ave N Seattle, WA 98133

Broadview Neighborhood

Estimated Value: $1,073,683 - $1,250,000

-- Bed
-- Bath
3,240 Sq Ft
$367/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $625,000 $193 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $7,347/month

1 Day on Market

Highlights

  • Thermal Windows
  • High Speed Internet
  • Wall to Wall Carpet
  • Robert Eagle Staff Middle School Rated A
  • Wood Siding

About This Home

As of May 2016

Property was inherited. Proforma numbers. Excellent investment opportunity in the Greenwood area with LR2 zoning! Tenants will enjoy the short commute to Downtown Seattle, Greenlake, shopping centers, and dining. Featuring 4-2 bedroom 1 bathroom units, 810 sq ft with W/D hook ups, 8 off street parking spaces, and 2 storage sheds. 2 units are currently vacant, the 2 tenants have been long term, 30 & 25 years. Rents are way below market and should reflect a 5%+ Cap Rate with rent increases.

Last Agent to Sell the Property

Corey Crain

Keller Williams Realty Bothell License #26492 Listed on: 04/05/2016

Keller Williams Realty Bothell

Last Buyer's Agent

Casey Price

Windermere Real Estate/M2, LLC License #96386

Windermere Real Estate/M2, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 919979

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,467

Year Built

  • Built in 1960

Lot Details

  • 5,865 Sq Ft Lot
  • Value in Land

Home Design

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

Interior Spaces

  • 3,240 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Walters Sound View Div 02 Condos
  • Greenwood Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 & 7 / 2 Plat
  • Assessor Parcel Number 9158100130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,467

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1960
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Walters Sound View Div 02
  • New Construction: No
  • CalculatedSquareFootage: 3240
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 6900

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9158100130
  • Lot Size Acres: 0.1346
  • Lot Size: 5865
  • Lot Size Sq Ft: 5865
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family
  • LotNumber: 6 & 7

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 4200

Multi Family

  • Gross Scheduled Income: 55200
  • Net Operating Income: 37456
  • Number Of Units Total: 4
  • Insurance Expense: 1617
  • Leasable Area: 3240
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2016
  • Tax Annual Amount: 6467

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
Apr 30, 2016
Sold by
Benson Annette
Bought by
Pearson Adam and Pearson Katelyn
Seller's Agent
Corey Crain
Keller Williams Realty Bothell
Buyer's Agent
Casey Price
Windermere Real Estate/M2, LLC
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$1,187,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$562,894
Avg. Annual Appreciation
7.07%
Original Mortgage
$593,750
Interest Rate
2.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 6, 2011
Sold by
Benson Annette
Bought by
Benson Annette
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pearson Adam $625,000 Old Republic
Benson Annette -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearson Adam $570,000
Closed Pearson Adam $250,000
Closed Pearson Adam J $598,200
Closed Pearson Adam $593,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $625,000 0.0% $193 / Sq Ft
04/06/2016 04/06/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $625,000 -- $193 / 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 $11,088 $1,066,000 $469,200 $596,800
2023 $9,672 $1,125,000 $469,200 $655,800
2022 $9,775 $1,053,000 $469,200 $583,800
2021 $10,338 $987,000 $469,200 $517,800
2020 $10,098 $1,004,000 $469,200 $534,800
2018 $7,373 $718,000 $469,200 $248,800
2017 $6,532 $687,000 $410,500 $276,500
2016 $6,467 $627,000 $410,500 $216,500
2015 $5,277 $611,000 $410,500 $200,500
2014 -- $504,000 $381,200 $122,800
2013 -- $480,000 $381,200 $98,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 919979

Northwest Multiple Listing Service (NWMLS)

APN: 915810-0130