Listed by North Pacific Properties, Bought with Lee & Associates Commercial RE
NOT LISTED FOR SALE

Estimated Value: $2,453,000

-- Bed
-- Bath
4,780 Sq Ft
$513/Sq Ft Est. Value

Last Sold May 01, 2019

Last sale price $1,820,000 $381 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $14,516/month

8 Days on Market

Highlights

  • Lake View
  • Wood Flooring
  • 3-minute walk to Trolley Hill Park
  • John Hay Elementary School Rated A
  • Thermal Windows

About This Home

As of May 2019

1908 4-plex in East Queen Anne w/S and SE views of Lk Union, Dwtn, and Mtns. Location and views provide an amazing investment opportunity! Ez access to both lower and upper Queen Anne community amenities, shopping and dining. Ez commute to SLU/Dwtn major employers such as Amazon, Google and Expedia. Large bay windows, original built-in woodwork, and private balconies. All units have updated kitchens and add'l storage unit in bsmt. Coin op laundry in bsmt, private drive and 2-car garage.

Last Agent to Sell the Property

Anne Marie Villaluz

North Pacific Properties License #129142 Listed on: 03/04/2019

North Pacific Properties

Co-Listed By

Joshua Fant

North Pacific Properties License #23407

Last Buyer's Agent

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1418257

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,361

Year Built

  • Built in 1908

Lot Details

  • 6,560 Sq Ft Lot
  • Property is in average condition

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 4,780 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

  • Seattle Public Sch Elementary And Middle School
  • Seattle Public Sch High School

Community Details

  • Queen Anne Subdivision

Listing and Financial Details

  • Legal Lot and Block 6-7 / 88
  • Assessor Parcel Number 1689401390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,361

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1908
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4780
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: City, Lake, Mountain(s), Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 5400

Schools

  • Junior High Dist: Seattle
  • High School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch

Lot Info

  • Parcel Number: 1689401390
  • Lot Size Acres: 0.1506
  • Lot Size Sq Ft: 6560
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available,Outbuildings
  • MLSLotSizeSource: Sellers/Public
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 6-7

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 30
  • LeasedItems: None
  • TotalMonthlyIncome: 5200

Multi Family

  • Gross Scheduled Income: 62400
  • Net Operating Income: 35135
  • Number Of Units Total: 4
  • Electric Expense: 420
  • Insurance Expense: 3000
  • Leasable Area: 4780
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2019
  • Tax Annual Amount: 13361

MLS Schools

  • Elementary School: Seattle Public Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2019
Closed on
Apr 18, 2019
Sold by
Fifth Avenue North Llc
Bought by
Allred David G and Allred Stacy L
Seller's Agent
Anne Marie Villaluz
North Pacific Properties
Buyer's Agent
Candice Chevaillier, CCIM
Lee & Associates Commercial RE
List Price
$1,840,000
Sold Price
$1,820,000
Premium/Discount to List
-$20,000
-1.09%
Current Estimated Value
$2,453,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$633,000
Avg. Annual Appreciation
2.23%
Original Mortgage
$1,183,000
Outstanding Balance
$1,052,809
Interest Rate
4.2%
Estimated Equity
$1,042,378

Purchase Details

Closed on
Jan 3, 2005
Sold by
Esvelt Larry A and Esvelt Sherry K
Bought by
Fifth Avenue North Llc

Purchase Details

Closed on
Dec 11, 2004
Sold by
Esvelt Larry A and Esvelt Sherry K
Bought by
Esvelt Erik and Baker Jennifer M

Purchase Details

Closed on
Apr 5, 2004
Sold by
C 1031 Properties Inc
Bought by
Esvelt Larry A and Esvelt Sherry K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.85%

Purchase Details

Closed on
Feb 11, 2004
Sold by
1519 5Th Llc
Bought by
C 1031 Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.85%

Purchase Details

Closed on
Dec 31, 1998
Sold by
Olsen Garth Q and Sferra Lisa L
Bought by
1519 5Th Llc

Purchase Details

Closed on
Sep 16, 1997
Sold by
Peasley Read Partnership
Bought by
Olsen Garth Q and Sferra Lisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
8.5%
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
Allred David G $1,820,000 Chicago Title
Fifth Avenue North Llc -- --
Fifth Avenue North Llc -- --
Esvelt Erik -- --
Esvelt Larry A -- --
C 1031 Properties Inc $695,000 First American
1519 5Th Llc -- --
Olsen Garth Q $300,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allred David G $1,183,000
Previous Owner C 1031 Properties Inc $450,000
Previous Owner Olsen Garth Q $346,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2019 05/01/19 Sold $1,820,000 -1.1% $381 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $1,840,000 -- $385 / 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 $18,736 $1,905,000 $1,410,400 $494,600
2023 $16,196 $1,921,000 $1,410,400 $510,600
2022 $16,703 $1,865,000 $1,410,400 $454,600
2021 $17,290 $1,779,000 $1,410,400 $368,600
2020 $16,566 $1,757,000 $1,410,400 $346,600
2018 $14,396 $1,516,000 $1,279,200 $236,800
2017 $12,643 $1,427,000 $885,600 $541,400
2016 $10,435 $1,293,000 $754,400 $538,600
2015 $8,890 $1,034,000 $688,800 $345,200
2014 -- $897,000 $656,000 $241,000
2013 -- $920,000 $623,200 $296,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1418257

Northwest Multiple Listing Service (NWMLS)

APN: 168940-1390