NOT LISTED FOR SALE

Estimated Value: $958,660 - $1,193,000

4 Beds
3 Baths
1,790 Sq Ft
$601/Sq Ft Est. Value

Last Sold April 22, 2015

Last sale price $546,000 $305 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $6,767/month

31 Days on Market

Highlights

  • City View
  • Patio
  • High Speed Internet
  • Garfield High School Rated A
  • Ceramic Tile Flooring
  • 1-minute walk to Spring Street Mini Park

About This Home

As of April 2015

Excellent First Hill/Capitol Hill Investment opportunity.Three units all rented. Fantastic location and potential w/ a lot of new construction in neighborhood.1 BR and Studio on 2nd level. 1BR has bright interior w/new carpet and City Views.2 BR w/newer laminate floors and updated kitchen on lower level. Basement laundry w/ newer washer/dryer for all units. 2 car tandem pkgy off alley.Conveniently located close to Downtown, parks, Seattle University and Hospitals.

Last Agent to Sell the Property

Renee Chong

Windermere Whidbey Island License #33295 Listed on: 01/29/2015

Windermere Whidbey Island

Last Buyer's Agent

Renee Chong

Windermere Whidbey Island License #33295 Listed on: 01/29/2015

Windermere Whidbey Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 736879

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,620

Year Built

  • Built in 1901

Lot Details

  • 3,600 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,790 Sq Ft Home
  • 2-Story Property
  • City Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2254501440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,620

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1901
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1790
  • Special Features: None
  • Cumulative Days on Market: 323

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • View: City
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Stucco
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 6000

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2254501440
  • Lot Size Acres: 0.0826
  • Lot Size Sq Ft: 3600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: KCR
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 2565

Multi Family

  • Gross Scheduled Income: 30780
  • Net Operating Income: 18332
  • Number Of Units Total: 3
  • Electric Expense: 720
  • Insurance Expense: 1108
  • Leasable Area: 1790
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 4620

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2022
Sold by
Shawn Fallah
Bought by
Pro Family Asset Protection Trust
Current Estimated Value
$1,075,415

Purchase Details

Closed on
May 17, 2021
Sold by
Fallah Shawn
Bought by
Fallah Shawn and Fallah Misha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2017
Sold by
Fallah Misha
Bought by
Fallah Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2016
Sold by
Fallah Shawn
Bought by
Fallah Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 29, 2015
Closed on
Jun 15, 2015
Sold by
Fallah Shawn
Bought by
Fallah Shawn
Seller's Agent
Renee Chong
Windermere Whidbey Island
Buyer's Agent
Renee Chong
Windermere Whidbey Island
List Price
$575,000
Sold Price
$546,000
Premium/Discount to List
-$29,000
-5.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.84%
Original Mortgage
$382,200
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 29, 2015
Closed on
Apr 21, 2015
Sold by
Fallah Misha and Fallah Shawn
Bought by
Fallah Shawn
Seller's Agent
Renee Chong
Windermere Whidbey Island
Buyer's Agent
Renee Chong
Windermere Whidbey Island
List Price
$575,000
Sold Price
$546,000
Premium/Discount to List
-$29,000
-5.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,200
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 7, 2005
Sold by
Marquez Edgardo J
Bought by
Parrish Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2001
Sold by
Blickensderfer John W and Roberts Brown Nancy
Bought by
Marquez Edgardo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,250
Interest Rate
6.99%
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
Pro Family Asset Protection Trust $313 Helsell Fetterman Llp
Fallah Shawn -- Stewart Title
Fallah Shawn -- Stewart Title
Fallah Shawn -- First American
Fallah Shawn -- None Available
Fallah Shawn -- None Available
Fallah Shawn -- None Available
Fallah Shawn -- Chicago Title
Fallah Shawn $546,000 Chicago Title
Parrish Realty Inc $570,000 Lawyers Title
Marquez Edgardo J $265,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fallah Shawn $548,250
Previous Owner Fallah Shawn $611,000
Previous Owner Fallah Shawn $382,200
Previous Owner Parrish Realty Inc $456,000
Previous Owner Marquez Edgardo J $63,000
Previous Owner Marquez Edgardo J $225,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2015 04/22/15 Sold $546,000 -5.0% $305 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $575,000 -- $321 / 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 $9,934 $1,024,000 $773,000 $251,000
2023 $8,811 $977,000 $773,000 $204,000
2022 $8,856 $1,030,000 $667,000 $363,000
2021 $8,487 $955,000 $606,000 $349,000
2020 $8,445 $869,000 $548,000 $321,000
2018 $7,387 $886,000 $444,000 $442,000
2017 $5,878 $739,000 $379,000 $360,000
2016 $5,579 $604,000 $316,000 $288,000
2015 $4,860 $560,000 $293,000 $267,000
2014 -- $498,000 $226,000 $272,000
2013 -- $428,000 $196,000 $232,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 736879

Northwest Multiple Listing Service (NWMLS)

APN: 225450-1440