Listed by Kidder Mathews
NOT LISTED FOR SALE

1401 W Bertona St Unit 1-8 Seattle, WA 98119

North Queen Anne Neighborhood
-- Bed
-- Bath
7,125 Sq Ft
8,400 Sq Ft Lot

Last Sold June 21, 2023

Last sale price $1,800,000 $253 Per Sq Ft

303 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Wood Siding
  • Coe Elementary School Rated A

About This Home

As of June 2023

Positioned in Seattle’s desirable North Queen Anne neighborhood, Fairseas Apartments is within walking distance of Seattle Pacific University and is an easy commute to South Lake Union and Downtown Seattle with their many prestigious employers. Fairseas' Apartments’ 8 units offer a new investor the likely opportunity for meaningful upside in the form of increased rents, charging for parking, and increased monthly charges for laundry and utilities. With desirable features including 13 parking spaces, on-site laundry, storage, and several remodeled units, combined with its North Queen Anne location and income and management upside, the Fairseas Apartments is an excellent investment opportunity.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 06/07/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1947804

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,534

Year Built

  • Built in 1925

Lot Details

  • 8,400 Sq Ft Lot

Property Views

  • Territorial
  • Limited

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 7,125 Sq Ft Home
  • 3-Story Property

Parking

  • 13 Parking Spaces
  • Open Parking

Schools

  • Frantz Coe Elementary School
  • Mc Clure Mid Middle School
  • Lincoln High School

Community Details

  • No Home Owners Association
  • Fairseas Apartments Condos
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770603680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,534

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1925
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Fairseas Apartments
  • New Construction: No
  • CalculatedSquareFootage: 7125
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: Partial, Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Metal/Vinyl, Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 13
  • Open Parking: Yes
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 13

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • WaterSewerGarbage: 10234

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Lincoln High
  • Middle Or Junior School: Mc Clure Mid

Lot Info

  • Parcel Number: 2770603680
  • Lot Size Acres: 0.1928
  • Lot Size Sq Ft: 8400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: county records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12.3
  • LeasedItems: None
  • TotalMonthlyIncome: 13513

Multi Family

  • Gross Scheduled Income: 162155
  • Net Operating Income: 84472
  • Number Of Units Total: 8
  • Insurance Expense: 10883
  • Leasable Area: 6550
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 21534

MLS Schools

  • Elementary School: Frantz Coe Elementary

Range of Values:

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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
06/21/2023 06/21/23 Sold $1,800,000 -10.0% $253 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $2,000,000 0.0% $281 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $2,000,000 0.0% $281 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
11/30/2022 11/30/22 Price Changed $2,000,000 0.0% $281 / Sq Ft
11/30/2022 11/30/22 For Sale $2,000,000 +11.1% $281 / Sq Ft
11/16/2022 11/16/22 Off Market $1,800,000 -- --
09/30/2022 09/30/22 Price Changed $2,300,000 -10.7% $323 / Sq Ft
06/07/2022 06/07/22 For Sale $2,575,000 -- $361 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1947804

Northwest Multiple Listing Service (NWMLS)