Seller's Agent in 2023
Dan Swanson
Kidder Mathews
(425) 444-6501
6 in this area
53 Total Sales
Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. It's walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property's 20 unit size should generate nearly $60,000 in monthly rent and supports complete professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2055635
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/07/2023 09/07/23 | Sold | $8,527,000 | -12.0% | $444 / Sq Ft | |
| 06/28/2023 06/28/23 | Pending | -- | -- | -- | |
| 05/25/2023 05/25/23 | Price Changed | $9,695,000 | -3.0% | $505 / Sq Ft | |
| 04/13/2023 04/13/23 | For Sale | $9,995,000 | +55.0% | $520 / Sq Ft | |
| 01/31/2022 01/31/22 | Sold | $6,450,000 | -7.9% | $400 / Sq Ft | View Prior Sale |
| 11/09/2021 11/09/21 | Pending | -- | -- | -- | |
| 08/26/2021 08/26/21 | For Sale | $7,000,000 | -- | $434 / Sq Ft |
| 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 | $66,799 | $6,945,000 | $4,331,800 | $2,613,200 |
| 2023 | $60,622 | $6,395,000 | $4,331,800 | $2,063,200 |
| 2022 | $64,760 | $7,615,000 | $3,654,900 | $3,960,100 |
| 2021 | $78,465 | $7,060,000 | $3,654,900 | $3,405,100 |
| 2020 | $71,774 | $8,184,000 | $4,467,200 | $3,716,800 |
| 2018 | $54,152 | $6,265,000 | $2,639,700 | $3,625,300 |
| 2017 | $50,534 | $5,471,000 | $2,639,700 | $2,831,300 |
| 2016 | $41,706 | $5,283,000 | $1,489,000 | $3,794,000 |
| 2015 | $36,099 | $4,235,000 | $1,489,000 | $2,746,000 |
| 2014 | -- | $3,744,000 | $1,489,000 | $2,255,000 |
| 2013 | -- | $3,346,000 | $1,489,000 | $1,857,000 |
Seller's Agent in 2023
Dan Swanson
Kidder Mathews
(425) 444-6501
6 in this area
53 Total Sales
Seller's Agent in 2022
Joe Kinkopf
Northmarq Multifamily, LLC
(206) 321-8344
1 in this area
25 Total Sales
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2055635