NOT LISTED FOR SALE

Estimated Value: $1,123,000 - $1,426,000

6 Beds
6 Baths
3,440 Sq Ft
$378/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $941,000 $274 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $8,086/month

68 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 5-minute walk to Cedar Park
  • John Rogers Elementary School Rated A-

About This Home

As of September 2019

Homes at the Lake City Triplex are large and offer spacious layouts. Residents can take advantage of ample off-street parking, including three carport stalls. The triplex offers in-unit washers and dryers for two units, and a separate laundry room for the third unit. This triplex offers ample upside, with the opportunity to raise rents by 30%. Further, the property sits on 7,937 SF of LR2 zoned land, providing future redevelopment potential in an increasingly exciting submarket.

Last Agent to Sell the Property

Matt Johnston

Northmarq Multifamily, LLC License #135732 Listed on: 04/11/2019

Co-Listed By

Jason Kono

Pilot Ventures LLC License #79925

Last Buyer's Agent

John Jochim

South Lake Associates Inc. License #21112

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1438436

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,563

Year Built

  • Built in 1974

Lot Details

  • 7,937 Sq Ft Lot

Home Design

  • Triplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,440 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Cedar Park Condos
  • Cedar Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 6
  • Assessor Parcel Number 1453601590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,563

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1974
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Cedar Park
  • New Construction: No
  • CalculatedSquareFootage: 3440
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 349

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3600

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1453601590
  • Lot Size Acres: 0.1822
  • Lot Size Sq Ft: 7937
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KC Parcel Viewer
  • LotNumber: 5

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 4505

Multi Family

  • Gross Scheduled Income: 71820
  • Net Operating Income: 54292
  • Number Of Units Total: 3
  • Insurance Expense: 1050
  • Leasable Area: 3440
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 8563

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
Sep 25, 2019
Sold by
Hopper Cruz Jason and Reedy Gabriel B
Bought by
Nelson Brandon and Nelson Vanessa
Seller's Agent
Matt Johnston
Northmarq Multifamily, LLC
Buyer's Agent
John Jochim
South Lake Associates Inc.
List Price
$995,000
Sold Price
$941,000
Premium/Discount to List
-$54,000
-5.43%
Total Days on Market
68
Current Estimated Value
$1,299,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,350
Avg. Annual Appreciation
5.62%
Original Mortgage
$705,750
Outstanding Balance
$626,222
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$659,794

Purchase Details

Closed on
Mar 7, 2005
Sold by
Firestone Curt J and Mcdonald Gwendolyn J
Bought by
Anderson R0bert J and Reedy Gabriel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 1995
Sold by
Vanness Gerrit P and Vanness Melissa M
Bought by
Firestone Curt J and Mcdonald Gwendolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
7.59%
Source: Public Records

Similar Homes in Seattle, WA

  • 2728 NE 130th St, Seattle, WA 98125

    $1,180,000

    • 6 Beds
    • 5 Baths
    • 2,702 Sq Ft
    • 2728 NE 130th St
    • Seattle, WA

    Beautifully remodeled 2-story home offering a total of 2702 SF, situated on an oversized level lot. This property features a brand-new roof, windows, furnace, heat pump, insulation, water heater & sewer line—ensuring peace of mind. The interior is updated w/luxury vinyl plank flooring throughout, & kitchen & bathrooms have been fully renovated w/modern finishes. Main unit includes 4 bds/3 bths;

    Ling Drost WeLakeside

    Section Image
  • 11011 35th Ave NE, Seattle, WA 98125

    $1,199,000

    • 7 Beds
    • 6 Baths
    • 3,820 Sq Ft
    • 11011 35th Ave NE
    • Seattle, WA

    Amazing opportunity to own an investment Trip Plex in Meadowbrook/Seattle. First time on Market in decades. Each home has its own garage plus surface parking. Individual water and electrical meters make this a potential conversion opportunity. ( Buyers to Verify) Long term established tenancies in place and building inspection available upon request. Walk to Nathan Hale, Meadowbrook community

    Jeffrey McDonald Realogics Sotheby's Int'l Rlty

    Section Image
  • 8519 23rd Ave NE, Seattle, WA 98115

    $1,250,000

    • 8 Beds
    • 6 Baths
    • 3,800 Sq Ft
    • 8519 23rd Ave NE
    • Seattle, WA

    Great Seattle 4-Plex opportunity with a tremendous upside. Two 2-bd, 1-bath flats and two 2-bed, 1.5bath two floor units and a shared laundry room for the building. Current tenants are awesome. All but one has been with us long term. Seller is providing a Pre-List inspection for buyer to review...Seller to make no repairs. Property priced to reflect needed repairs and cosmetic maintenance. The

    Tom Perry Realty ONE Group Orca Gold

    Section Image
  • 13731 Greenwood Ave N, Seattle, WA 98133

    $950,000

    • 7 Beds
    • 5 Baths
    • 4,192 Sq Ft
    • 13731 Greenwood Ave N
    • Seattle, WA

    Wonderful triplex with an additional potentionally non-conforming 4th unit. Rents are low, with tenants on month to month leases. These large units have been easy to rent. Well located with easy commutes north and south. The property includes a large common area fenced backyard.

    Jonathan Pook Coldwell Banker Danforth

    Section Image
  • 323 N 105th St, Seattle, WA 98133

    $1,275,000

    • 4 Beds
    • 5 Baths
    • 3,284 Sq Ft
    • 323 N 105th St
    • Seattle, WA

    Explore this two-story, mixed-use property located in the heart of Greenwood, one of Seattle’s most desirable and thriving neighborhoods. This well-maintained building combines two spacious residential units and two retail spaces, offering consistent cash flow in a prime location. The residential units include a 2-bedroom, 1.5-bath unit (1,275 sq. ft.) and a 2-bedroom, 1-bath unit (935 sq. ft.),

    Adam Saleh Better Properties UP/Fircrest

    Section Image
  • 8830 Nesbit Ave N, Seattle, WA 98103

    $1,562,000

    • 8 Beds
    • 6 Baths
    • 5,412 Sq Ft
    • 8830 Nesbit Ave N
    • Seattle, WA

    Located in the up and coming neighborhood north of Green Lake. This offering contains 6 spacious apartments, including two, 2-story townhouse style units. The units contain washer/dryers and various other updates. The basement contains a secure parking garage with one space per unit. Located less than 2-blocks from major transit, near Green Lake, as well as Northgate shopping center and light

    Jeff Totzek Westland Realty

    Section Image
  • 8515 Stone Ave N Unit A&B, Seattle, WA 98103

    $1,335,000

    • 6 Beds
    • 6 Baths
    • 2,910 Sq Ft
    • 8515 Stone Ave N
    • Unit A&B
    • Seattle, WA

    Secure a high-demand rental asset with two turnkey townhouse units in Seattle’s sought-after Green Lake neighborhood. Each 3-bed, 2.5-bath home features oak hardwood floors, open-concept living, granite kitchens with breakfast bars, gas fireplaces, and private backyard patios. Upstairs, dual primary suites offer en suite baths and vaulted ceilings, plus a third bedroom ideal for guests or a home

    Ben Kaufman COMPASS

    Section Image
  • 809 NE 62nd St, Seattle, WA 98115

    $1,357,000

    • 5 Beds
    • 5 Baths
    • 2,990 Sq Ft
    • 809 NE 62nd St
    • Seattle, WA

    Great investment opportunity in the heart of North Seattle! Opportunity knocks at this rare 1916 Craftsman triplex in a convenient location just blocks from Roosevelt’s plentiful dining options, groceries, shops, coffee houses, and schools. Two larger 2-bedroom units plus a third 1-bedroom unit are all rentable, or live in one while you gain rental income from the others. Tenants each enjoy their

    Brian Rosso Windermere Mercer Island

    Section Image
  • 8302 8th Ave NW, Seattle, WA 98117

    $1,495,000

    • 6 Beds
    • 5 Baths
    • 3,516 Sq Ft
    • 8302 8th Ave NW
    • Seattle, WA

    Nestled in Seattle's vibrant Greenwood neighborhood, this 5 unit apartment is compelling investment opportunity suitable for both novice and seasoned investors. Positioned strategically amidst Seattle's coveted Phinney Ridge, Ballard and Greenwood neighborhoods and boasting a robust rental track record, this property provides consistent rental income and the prospect of substantial long term

    Alfred Anderson Pacific Crest

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nelson Brandon $941,000 Chicago Title Company Of Wa
Anderson R0bert J $510,000 Fidelity Natio
Firestone Curt J $226,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Brandon $705,750
Previous Owner Hopper Cruz Jason A $412,500
Previous Owner Anderson Robert J $58,000
Previous Owner Anderson R0bert J $408,000
Previous Owner Firestone Curt J $129,600
Previous Owner Firestone Curt J $138,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $941,000 -5.4% $274 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $995,000 -- $289 / 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 $9,925 $971,000 $831,000 $140,000
2023 $8,433 $818,000 $674,000 $144,000
2022 $7,862 $984,000 $749,000 $235,000
2021 $7,211 $787,000 $600,000 $187,000
2020 $7,310 $683,000 $522,000 $161,000
2018 $7,212 $716,000 $528,000 $188,000
2017 $5,891 $682,000 $488,000 $194,000
2016 $5,506 $569,000 $416,000 $153,000
2015 $4,745 $520,000 $380,000 $140,000
2014 -- $456,000 $330,000 $126,000
2013 -- $424,000 $300,000 $124,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1438436

Northwest Multiple Listing Service (NWMLS)

APN: 145360-1590