Listed by RE/MAX Northwest, Bought with HomeSmart One Realty
NOT LISTED FOR SALE

Estimated Value: $1,141,000 - $1,843,779

10 Beds
4 Baths
3,840 Sq Ft
$378/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $1,790,000 $466 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $8,761/month

184 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • High Speed Internet
  • Beacon Hill International Elementary Rated 9+
  • Vinyl Plank Flooring
  • 4-minute walk to Lewis Park

About This Home

As of October 2021

OPPORTUNITY ZONE. This Beacon Hill 4-plex was taken down to the studs and fully renovated in 2020. This included a new roof, all new plumbing and electric as well as a stylish new interior. Each unit features 3 bdrms and 1.75 baths and a full compliment of brand new appliances including in unit washer/dryer.
The property is conveniently located within walking distance to Seahawks Stadium, First Hill, International District, and Pioneer Square. The LR2 property zoning offers future development potential as well. There is space on the current lot for and additional structure to be built. See supplements for dev reports.
This is a great opportunity for a brand new low maintenance, income producing asset in a highly desirable area.

Last Agent to Sell the Property

Erik Robbins

RE/MAX Northwest License #108299 Listed on: 12/15/2020

Last Buyer's Agent

Michelle Maiers

HomeSmart One Realty License #11138

HomeSmart One Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1697078

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,492

Year Built

  • Built in 1908

Lot Details

  • 6,006 Sq Ft Lot
  • Street terminates at a dead end
  • Gated Home
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring
  • Territorial Views

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • Beacon Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 16-17 / 23
  • Assessor Parcel Number 7133300307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,492

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1908
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3840
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Interior Amenities: Ductless HP-Mini Split
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Dead End Street
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Slab
  • Structure Type: Duplex

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
  • Security: SecurityGate, FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: City of Seattle
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 5280

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Multi-Family

Fee Information

  • Annual Fuel Expense: 960

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7133300307
  • Lot Size Acres: 0.1379
  • Lot Size Sq Ft: 6006
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Gated Entry,High Speed Internet
  • MLSLotSizeSource: Survey
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family
  • LotNumber: 16-17

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 10000

Multi Family

  • Gross Scheduled Income: 120000
  • Net Operating Income: 88780
  • Number Of Units Total: 4
  • Insurance Expense: 3000
  • Leasable Area: 3840
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8492
  • AdditionalTaxIds: 7133300308

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2020
Closed on
Aug 13, 2021
Sold by
Choice4homes Advantage Llc
Bought by
Randell Chen Alan and Phung Angela N
Seller's Agent
Erik Robbins
RE/MAX Northwest
Buyer's Agent
Michelle Maiers
HomeSmart One Realty
List Price
$1,790,000
Sold Price
$1,790,000
Current Estimated Value
$1,451,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$338,305
Avg. Annual Appreciation
-5.11%
Original Mortgage
$1,342,500
Outstanding Balance
$1,218,909
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$232,786

Purchase Details

Closed on
Aug 29, 2019
Sold by
Varnavski Petr and Varnavski Inna
Bought by
Choice4homes Advantage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
3.8%

Purchase Details

Closed on
Feb 27, 2018
Sold by
Varnavski Peter and Varnavski Inna
Bought by
Varnavski Petr and Varnavski Inna

Purchase Details

Closed on
Mar 29, 2017
Sold by
Vernooy Linda L and Maria Novel A
Bought by
Varnavski Peter and Varnavski Inna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,775
Interest Rate
4.15%

Purchase Details

Closed on
May 17, 2004
Sold by
Zeng Bao Di and Zeng Bao Di Chan
Bought by
Novel A Maria and Vernooy Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
5.77%

Purchase Details

Closed on
Nov 20, 2001
Sold by
Chan Lit Chur
Bought by
Zeng Bao Di

Purchase Details

Closed on
Mar 8, 2000
Sold by
Ryan Bernard R and Ryan Nancy
Bought by
Chan Lit Chur and Zeng Bao Di Chan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
7.25%

Purchase Details

Closed on
Jun 30, 1995
Sold by
Brubaker Russell W
Bought by
Ryan Bernard R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.9%
Source: Public Records

Range of Values:

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Average Value
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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
Randell Chen Alan $1,790,000 First American Title
Choice4homes Advantage Llc -- Ticor Title
Varnavski Petr -- Ticor Title
Varnavski Peter $675,000 Nextitle
Novel A Maria $455,000 Chicago Title
Zeng Bao Di -- --
Chan Lit Chur $286,000 Transnation Title Insurance
Ryan Bernard R $62,763 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Randell Chen Alan $1,342,500
Previous Owner Choice4homes Advantage Llc $1,150,000
Previous Owner Varnavski Peter $688,775
Previous Owner Novel A Maria $333,000
Previous Owner Chan Lit Chur $214,500
Previous Owner Ryan Bernard R $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $1,790,000 0.0% $466 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
12/15/2020 12/15/20 For Sale $1,790,000 -- $466 / 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 $12,777 $1,339,000 $568,000 $771,000
2023 $11,941 $1,259,000 $508,000 $751,000
2022 $11,061 $1,347,000 $435,000 $912,000
2021 $6,422 $1,198,000 $400,000 $798,000
2020 $6,292 $640,000 $205,000 $435,000
2018 $6,149 $641,000 $206,000 $435,000
2017 $5,325 $568,000 $261,000 $307,000
2016 $4,791 $505,000 $232,000 $273,000
2015 -- $442,000 $202,000 $240,000
2014 -- $385,000 $384,000 $1,000
2013 -- $342,000 $341,000 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1697078

Northwest Multiple Listing Service (NWMLS)

APN: 713330-0307