Listed by Lee & Associates Commercial RE, Bought with Muljat Group
$1,700,000
SOLD JAN 6, 2025
-- Bed
-- Bath
3,350 Sq Ft
6,000 Sq Ft Lot

Recently Sold

$507 Per Sq Ft

1% Below List Price

44 Days on Market

Highlights

  • Views of a Sound
  • Softwood Flooring
  • Baseboard Heating
  • Deck
  • No HOA

About This Home

As of January 2025

This pride of ownership property consists of 2 buildings a duplex & a triplex with 4 2-bed units & an open 1-bed loft. All units feat. skyline views, hardwood floors, upgrd. kitchens & baths, cmmn laundry, off-street parking & mature landscaping. Well maintained, elec is updated, new roofs & water main. Ownership added a permitted 5th unit & potential to convert similar space in the 2nd building to a 6th. Potential for future redevelopment (buyer to verify). With only 36 MF units in the nbhd, the property experiences a stable rent roll with turnovers quickly leased, Buyers have the opportunity to invest or owner occupy in a coveted location with high quality of life or potentially capitalize on the limited rental stock with an add'l unit.

Last Agent to Sell the Property

Daniel Lim

Lee & Associates Commercial RE License #131121 Listed on: 07/29/2024

Lee & Associates Commercial RE

Co-Listed By

Chris Larsen

Lee & Associates Commercial RE License #21016669

Last Buyer's Agent

James Runyon

Muljat Group License #23027081

Muljat Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2270772

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,833

Year Built

  • Built in 1927

Lot Details

  • 6,000 Sq Ft Lot
  • Property is in good condition

Property Views

  • Views of a Sound
  • City
  • Mountain

Home Design

  • Flat Roof Shape
  • Stucco
  • Wood Composite

Interior Spaces

  • 3,350 Sq Ft Home
  • 3-Story Property

Flooring

  • Softwood
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Mt Baker Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6909700245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,833

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1927
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3350
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Buyer Brk to be present at all showings
  • Special Features: VirtualTour
  • Cumulative Days on Market: 207

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Softwood, Hardwood
  • Interior Amenities: Ceramic Tile, Fir/Softwood, Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Flat
  • View: City, Mountain(s), See Remarks, Sound
  • Lot Features: Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood Products
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 10478

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6909700245
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: county
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.1
  • LeasedItems: None
  • TotalMonthlyIncome: 10995

Multi Family

  • Gross Scheduled Income: 131940
  • Net Operating Income: 84157
  • Number Of Units Total: 5
  • Insurance Expense: 4825
  • Leasable Area: 3350
  • EnergySource: Electric
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 14833

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2024
Closed on
Jan 3, 2025
Sold by
Harding Gregory
Bought by
Sizemore Family Trust and Sizemore
Seller's Agent
Daniel Lim
Lee & Associates Commercial RE
Buyer's Agent
James Runyon
Muljat Group
List Price
$1,725,000
Sold Price
$1,700,000
Premium/Discount to List
-$25,000
-1.45%
Views
54
Current Estimated Value
$1,753,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,409
Avg. Annual Appreciation
0.99%

Purchase Details

Closed on
May 18, 2000
Sold by
Alexander Thrasher Property Partnership
Bought by
Harding Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,778
Interest Rate
8.18%

Purchase Details

Closed on
Dec 31, 1998
Sold by
Janos Paul Michael
Bought by
Alexander Thrasher Property Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
6.73%
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 Type Sale Price Title Company
Warranty Deed $1,700,000 Stewart Title
Warranty Deed $445,000 Chicago Title Insurance Co
Warranty Deed $375,000 Fidelity National Title
Warranty Deed -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $764,376 No Value Available
Previous Owner $186,778 No Value Available
Previous Owner $241,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $1,700,000 -1.4% $507 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
07/29/2024 07/29/24 For Sale $1,725,000 -- $515 / 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 $13,182 $1,370,000 $660,000 $710,000
2023 $14,833 $1,577,000 $660,000 $917,000
2022 $13,360 $1,617,000 $660,000 $957,000
2021 $14,968 $1,457,000 $660,000 $797,000
2020 $13,997 $1,558,000 $660,000 $898,000
2018 $11,728 $1,349,000 $540,000 $809,000
2017 $11,718 $1,188,000 $450,000 $738,000
2016 $10,406 $1,231,000 $300,000 $931,000
2015 -- $1,065,000 $300,000 $765,000
2014 -- $875,000 $270,000 $605,000
2013 -- $845,000 $270,000 $575,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2270772

Northwest Multiple Listing Service (NWMLS)

APN: 690970-0245