NOT LISTED FOR SALE
-- Bed
-- Bath
6,950 Sq Ft
7,200 Sq Ft Lot

Last Sold July 19, 2018

Last sale price $3,600,000 $518 Per Sq Ft

18 Days on Market

Highlights

  • City View
  • Wood Siding
  • 2-minute walk to Seven Hills Park
  • Stevens Elementary School Rated A-

About This Home

As of July 2018

A 1957 construction building that is walking distance to Broadway retail, 15th Ave retail and the Capitol Hill Transit Station. The building, heavy on 2-bd units, is a prime candidate for repositioning with significant upside. Building provides a unique opportunity for future redevelopment with the luxury of sitting on a 7,200 SF LR3 lot. Has recently been upgraded to double pane vinyl windows, new roof, runs on a central boiler heating system and offers residents onsite coin operated laundry.

Last Agent to Sell the Property

Tyler Smith

Northmarq Multifamily, LLC License #24028396 Listed on: 06/07/2018

Co-Listed By

Steve Fischer

Northmarq Multifamily, LLC License #87455

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1307346

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,930

Year Built

  • Built in 1957

Lot Details

  • 7,200 Sq Ft Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 6,950 Sq Ft Home
  • 3-Story Property
  • City Views

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Natural Gas Connected

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6003001610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,930

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: 1.875
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6950
  • Special Features: None
  • Cumulative Days on Market: 291

Interior Features

  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: City
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 12114

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6003001610
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 16840

Multi Family

  • Gross Scheduled Income: 202080
  • Net Operating Income: 130505
  • Number Of Units Total: 11
  • Insurance Expense: 3500
  • Leasable Area: 6950
  • UnitsInBuildingTotal: 11
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 22930

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
07/19/2018 07/19/18 Sold $3,600,000 +3.0% $518 / Sq Ft
06/25/2018 06/25/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $3,495,000 -- $503 / 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: 1307346

Northwest Multiple Listing Service (NWMLS)