Listed by Westlake Associates, Inc.
NOT LISTED FOR SALE
7 Beds
7 Baths
7,300 Sq Ft
12,018 Sq Ft Lot

Last Sold September 08, 2017

Last sale price $4,525,000 $620 Per Sq Ft

14 Days on Market

Highlights

  • 0.28 Acre Lot
  • Wood Flooring
  • High Speed Internet
  • Garfield High School Rated A
  • Patio
  • 4-minute walk to Broadway Hill Park

About This Home

As of September 2017

Classic 8 unit building on 12,020 SF LR3 urban village lot with great redevelopment potential. Build new or keep existing and build above parking garages. One of a kind investment opportunity. The new owner will have the ability to greatly increase the NOI to hold the property long-term, or to help in off-setting costs prior to development.

Last Agent to Sell the Property

Curran Hagstrom

Westlake Associates, Inc. License #103072 Listed on: 08/09/2017

Co-Listed By

Collin Hagstrom

Westlake Associates, Inc. License #49398

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1175820

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,374

Year Built

  • Built in 1926

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 7,300 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Parking

  • 7 Parking Spaces
  • 7 Covered Spaces

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Patio
  • 0.28 Acre Lot

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6851700030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,374

Year Built

Built in 1926

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1926
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7300
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 7
  • Open Parking: No
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6851700030
  • Lot Size Acres: 0.2759
  • Lot Size Sq Ft: 12020
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: MetroScan

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 27
  • LeasedItems: None
  • TotalMonthlyIncome: 21300

Tax Info

  • Year: 2017
  • Tax Annual Amount: 24374

Multi Family

  • Number Of Units Total: 8
  • UnitsBelowGrade: false
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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
09/08/2017 09/08/17 Sold $4,525,000 +14.6% $620 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $3,950,000 -- $541 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $37,596 $3,847,400 $3,846,400 $1,000
2023 $32,987 $3,847,400 $3,846,400 $1,000
2022 $33,366 $3,827,000 $3,365,600 $461,400
2021 $38,633 $3,574,000 $3,365,600 $208,400
2020 $33,221 $3,967,600 $3,966,600 $1,000
2018 $27,642 $3,058,000 $2,343,900 $714,100
2017 $24,374 $2,748,000 $2,343,900 $404,100
2016 $20,327 $2,501,000 $1,322,200 $1,178,800
2015 -- $2,023,000 $1,322,200 $700,800
2014 -- $1,702,000 $1,322,200 $379,800
2013 -- $1,599,000 $1,322,200 $276,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1175820

Northwest Multiple Listing Service (NWMLS)
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