Listed by Paragon Real Estate Advisors, Bought with Westlake Associates, Inc.
NOT LISTED FOR SALE

1400 E Mercer St Seattle, WA 98112

Capitol Hill Neighborhood
6 Beds
6 Baths
14,014 Sq Ft
10,375 Sq Ft Lot

Last Sold June 03, 2014

Last sale price $4,350,000 $310 Per Sq Ft

25 Days on Market

Highlights

  • City View
  • 0.24 Acre Lot
  • Corner Lot
  • Stevens Elementary School Rated A-
  • Wood Flooring
  • 5-minute walk to Broadway Hill Park

About This Home

As of June 2014

Built in 1957, this well maintained 3-story wood frame building with brick veneer building is situated on a large corner lot. Exterior windows have been replaced with energy efficient double-paned vinyl . Updated kitchens, living rooms have hardwood flooring. Individual hot water tanks, with tenant paid electricity. The building has central gas heat, which is billed back to the tenants. Common laundry facilities and storage spaces, off street parking for 6. New roof was installed in 2010.

Last Agent to Sell the Property

Eric Smith

Paragon Real Estate Advisors License #3434 Listed on: 05/07/2014

Last Buyer's Agent

Curran Hagstrom

Westlake Associates, Inc. License #103072

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 632306

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,931

Year Built

  • Built in 1957

Lot Details

  • 10,375 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Parking

  • Open Parking

Property Views

  • City
  • Territorial

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Built-Up Roof

Interior Spaces

  • 14,014 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Utilities

  • Cable TV Available

Community Details

  • North Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3303700520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,931

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1957
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 14014
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Built-Up
  • View: City, Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: seattle
  • SewerCompany: seattle
  • WaterCompany: seattle
  • WaterSewerGarbage: 16764

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3303700520
  • Lot Size Acres: 0.2382
  • Lot Size Sq Ft: 10375
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,Shop
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 24539

Multi Family

  • Gross Scheduled Income: 294462
  • Net Operating Income: 194938
  • Number Of Units Total: 19
  • Insurance Expense: 4414
  • Leasable Area: 14014
  • UnitsInBuildingTotal: 19
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2014
  • Tax Annual Amount: 26931

Range of Values:

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Sold Price
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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 Change Sq Ft Price
06/03/2014 06/03/14 Sold $4,350,000 +6.1% $310 / Sq Ft
06/02/2014 06/02/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $4,100,000 -- $293 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Eric Smith

    Paragon Real Estate Advisors

  • Curran Hagstrom

    Buyer's Agent in 2014

    Curran Hagstrom

    Westlake Associates, Inc.

    (206) 505-9416

    1 in this area

    9 Total Sales

    Curran Hagstrom
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 632306

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98102 Capitol Hill

1400 E Mercer St, Seattle, WA

This home is located at 1400 E Mercer St, Seattle, WA 98112 since 07 May 2014. This property was built in 1957. 1400 E Mercer St is a home located in King County with nearby schools including Stevens Elementary School, Meany Middle School, and Garfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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