Listed by Westlake Associates, Inc.
$1,599,000
PENDING NEW CONSTRUCTION $76K PRICE DROP

Estimated payment $9,566/month

Total Views 1,635
5 Beds
7 Baths
3,431 Sq Ft
$466 Price per Sq Ft

Highlights

  • New Construction
  • Deck
  • Forced Air Heating and Cooling System
  • Beacon Hill International Elementary Rated 9+
  • No HOA
  • 5-minute walk to Beacon Hill Playfield

About This Home

Beacon Hill 7-Unit, a fully renovated, turnkey multifamily property completed in 2024. Located at the norther edge of Beacon Hill, this high-quality asset offers a well-balanced mix of modern residences; One ADA-compliant 3-bedroom, 1-bath unit with a private secure garage; Two well-appointed 1-bedroom, 1-bath units; Four contemporary Loft SEDU units. Each residence is meticulously designed with luxury finishes, including LVP flooring, quartz countertops, stainless steel appliances, and premium kitchen and bathroom fixtures. Residents enjoy in-unit air conditioning, washers and dryers, and expansive windows that maximize natural light, creating an inviting and comfortable living space.

Listing Agent

Curran Hagstrom

Westlake Associates, Inc. License #103072 Listed on: 02/18/2025

Co-Listing Agent

Collin Hagstrom

Westlake Associates, Inc. License #49398

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2333604

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,549

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 3,200 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Built-Up Roof
  • Wood Composite

Interior Spaces

  • 3,431 Sq Ft Home
  • 3-Story Property
  • Vinyl Plank Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking

Additional Features

  • Deck
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • N Beacon Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7660100240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,549

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2024
  • MLS Status: Pending
  • Prev Status: Pending
  • New Construction: Yes
  • CalculatedSquareFootage: 3431
  • EstimatedCompletionDate: 2024-06-01
  • NewConstruction: Completed
  • Special Features: NewHome

Interior Features

  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Built-Up
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 7700

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7660100240
  • Lot Size Acres: 0.0735
  • Lot Size Sq Ft: 3200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: King County Assessor
  • MLSSquareFootageSource: King County Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.96
  • LeasedItems: None
  • TotalMonthlyIncome: 12160

Multi Family

  • Gross Scheduled Income: 145920
  • Net Operating Income: 94724
  • Number Of Units Total: 7
  • Insurance Expense: 6969
  • Leasable Area: 3431
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 12549

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $12,549 $1,299,000 $416,000 $883,000
2023 $8,084 $831,500 $416,000 $415,500
2022 $9,153 $958,000 $780,000 $178,000
2021 $11,133 $958,000 $700,000 $258,000
2020 $10,913 $1,126,000 $377,000 $749,000
2018 $8,940 $1,128,000 $378,000 $750,000
2017 $7,664 $880,000 $334,000 $546,000
2016 $6,839 $777,000 $297,000 $480,000
2015 $4,632 $675,000 $259,000 $416,000
2014 -- $457,000 $384,000 $73,000
2013 -- $430,000 $341,000 $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Pending -- -- --
04/25/2025 04/25/25 Price Changed $1,599,000 -4.5% $466 / Sq Ft
02/18/2025 02/18/25 For Sale $1,675,000 +35.4% $488 / Sq Ft
05/06/2019 05/06/19 Sold $1,236,750 -3.0% $426 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
03/11/2019 03/11/19 Price Changed $1,275,000 -5.6% $440 / Sq Ft
12/18/2018 12/18/18 For Sale $1,350,000 0.0% $466 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
10/10/2018 10/10/18 For Sale $1,350,000 -- $466 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,236,750 Rainier Title Llc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 New Conventional
Open $1,816,069 Construction
Closed $1,036,750 Seller Take Back
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2333604

Northwest Multiple Listing Service (NWMLS)

APN: 766010-0240