Listed by Westlake Associates, Inc., Bought with Pacific Crest
NOT LISTED FOR SALE
3 Beds
6 Baths
13,390 Sq Ft
7,591 Sq Ft Lot

Sale Details

Date Sold: May 1, 2018

Last sale price $6,700,000 $500 Per Sq Ft

33 Days on Market

About This Home

As of May 2018

Prime Capitol Hill 22-unit. Meticulously maintained building with charming era details intact. All units feature high ceilings, oak floors and tile bathrooms. Some units updated with new cabinets and quartz counters. Units separately metered for electric. Wide array of potential value add opportunities such as raising below market rents, increasing the numbers of apartments within the existing structure and/or building an additional separate structure on the western portion of the lot.

Last Agent to Sell the Property

Chad Martini

Westlake Associates, Inc. License #118627 Listed on: 02/13/2018

Co-Listed By

David Petersen

Westlake Associates, Inc. License #7352

Last Buyer's Agent

Alfred Anderson

Pacific Crest License #111625

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1244836

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,379

Year Built

  • Built in 1928

Lot Details

  • 7,591 Sq Ft Lot

Parking

  • 9 Covered Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 13,390 Sq Ft Home
  • 4-Story Property

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1728800062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,379

Year Built

Built in 1928

Lot Details

7,591 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1928
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 13390
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 9
  • Open Parking: No
  • Total Parking Spaces: 9

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1728800062
  • Lot Size Acres: 0.1743
  • Lot Size Sq Ft: 7591
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Landvision
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 33110

Tax Info

  • Year: 2017
  • Tax Annual Amount: 40379

Multi Family

  • Number Of Units Total: 22
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2018
Closed on
Apr 27, 2018
Sold by
Bought by
Seller's Agent
Chad Martini
Westlake Associates, Inc.
Buyer's Agent
Alfred Anderson
Pacific Crest
List Price
$6,500,000
Sold Price
$6,700,000
Premium/Discount to List
$200,000
3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Interest Rate
0.0444%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 1983
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,696,850 Fidelity National Title
-- None Available
$464,800 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,150,000
Previous Owner $790,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/20/2025 05/20/25 Off Market -- -- --
11/12/2024 11/12/24 For Rent -- -- --
05/01/2018 05/01/18 Sold $6,700,000 +3.1% $500 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
02/13/2018 02/13/18 For Sale $6,500,000 -- $485 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $49,275 $4,793,000 $2,277,300 $2,515,700
2024 $46,491 $4,876,000 $2,429,100 $2,446,900
2023 $52,345 $5,859,000 $2,429,100 $3,429,900
2022 $51,642 $6,269,000 $1,821,800 $4,447,200
2021 $63,335 $5,694,000 $1,821,800 $3,872,200
2020 $62,686 $6,665,000 $1,897,700 $4,767,300
2018 $45,500 $6,111,000 $1,518,200 $4,592,800
2017 $44,726 $4,650,000 $1,480,200 $3,169,800
2016 $39,928 $4,264,000 $835,000 $3,429,000
2015 -- $4,118,000 $835,000 $3,283,000
2014 -- $3,408,000 $835,000 $2,573,000
2013 -- $3,113,000 $835,000 $2,278,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1244836

Northwest Multiple Listing Service (NWMLS)
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