Listed by Kidder Mathews
NOT LISTED FOR SALE
-- Bed
-- Bath
19,210 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: September 7, 2023

Last sale price $8,527,000 $444 Per Sq Ft

76 Days on Market

Highlights

  • City View
  • 0.31 Acre Lot
  • Corner Lot
  • Garfield High School Rated A
  • Deck
  • 4-minute walk to Williams Place

About This Home

As of September 2023

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.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 04/13/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2055635

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $64,392

Year Built

  • Built in 1967

Lot Details

  • 13,537 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Parking

  • Open Parking

Property Views

  • City
  • Limited

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 19,210 Sq Ft Home
  • 3-Story Property
  • Vinyl Plank Flooring

Schools

  • Lowell Elementary School
  • Meany Mid Middle School
  • Garfield High School

Additional Features

  • Deck
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6003501931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$64,392

Year Built

Built in 1967

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1967
  • Buyer Agency Compensation: 1
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 19210
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: City, Partial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Meany Mid

Lot Info

  • Parcel Number: 6003501931
  • Lot Size Acres: 0.3108
  • Lot Size Sq Ft: 13537
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.1
  • LeasedItems: None
  • TotalMonthlyIncome: 61472

Tax Info

  • Year: 2023
  • Tax Annual Amount: 64392

Multi Family

  • Number Of Units Total: 20
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Lowell

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 13, 2023
Closed on
Sep 5, 2023
Sold by
Bought by
Seller's Agent
Dan Swanson
Kidder Mathews
List Price
$9,995,000
Sold Price
$8,527,000
Premium/Discount to List
-$1,468,000
-14.69%
Views
36

Purchase Details

Listed on
Aug 26, 2021
Closed on
Jan 25, 2022
Sold by
Bought by
Seller's Agent
Joe Kinkopf
Northmarq Multifamily, LLC
List Price
$7,000,000
Sold Price
$6,450,000
Premium/Discount to List
-$550,000
-7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.06%

Purchase Details

Closed on
Aug 17, 2017
Sold by
Bought by

Purchase Details

Closed on
Apr 12, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 18, 2016
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 17, 2000
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
$8,507,000 Fidelity National Title
$6,449,000 Chicago Title
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- --
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 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
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 $70,433 $6,789,000 $4,061,100 $2,727,900
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
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2055635

Northwest Multiple Listing Service (NWMLS)
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