Listed by Skyline Properties, Inc., Bought with Urban Commercial Partners, LLC
NOT LISTED FOR SALE

Estimated Value: $1,383,039 - $1,779,000

9 Beds
5 Baths
3,680 Sq Ft
$432/Sq Ft Est. Value

Last Sold October 23, 2017

Last sale price $1,175,000 $319 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $9,749/month

23 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • 1-minute walk to Ballard Corners Park
  • Adams Elementary School Rated A
  • Partially Fenced Property

About This Home

As of October 2017

Well established triplex with 2 car garage and additional 2 off street parking spaces. Two private back yards. 5,000 sq. ft. lot gives lots of potential for redevelopment into town homes. Sale failed due to Buyer financing. Viewing with signed Purchase and Sale Agreement only. Highest and best use is likely redevelopment of the LR1, 5,000 square foot lot either now or in the future. City tells Seller that 4 townhomes can be built on this lot similar to many others in area (Buyer to verify).

Last Agent to Sell the Property

Paul Waln

Skyline Properties, Inc. License #21001225 Listed on: 08/16/2017

Skyline Properties, Inc.

Last Buyer's Agent

Tyler Bretz, CCIM

Urban Commercial Partners, LLC License #23000464

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1177273

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,281

Year Built

  • Built in 1959

Lot Details

  • 5,000 Sq Ft Lot
  • Partially Fenced Property
  • Value in Land
  • Property is in average condition

Property Views

  • Mountain
  • Territorial
  • Limited

Home Design

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

Interior Spaces

  • 3,680 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767602040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,281

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1959
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3680
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 362

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Partial, See Remarks, Territorial
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, See Remarks
  • WaterSewerGarbage: 3527

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2767602040
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, See Remarks

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 4400

Multi Family

  • Gross Scheduled Income: 52800
  • Net Operating Income: 38693
  • Number Of Units Total: 3
  • Insurance Expense: 800
  • Leasable Area: 2700
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2017
  • Tax Annual Amount: 7281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2017
Closed on
Oct 16, 2017
Sold by
Youngs Ross M and Keimig Valgene L
Bought by
Hartzell Adam T
Seller's Agent
Paul Waln
Skyline Properties, Inc.
Buyer's Agent
Tyler Bretz, CCIM
Urban Commercial Partners, LLC
List Price
$1,175,000
Sold Price
$1,175,000
Current Estimated Value
$1,590,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,260
Avg. Annual Appreciation
3.56%
Original Mortgage
$792,400
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 1, 2008
Sold by
Zwiebel Diane and Rodgers John A
Bought by
Youngs Ross M and Keimig Valgene L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
5.8%

Purchase Details

Closed on
Apr 26, 2004
Sold by
Lee John W
Bought by
Rodgers John A and Zwiebel Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
5.25%

Purchase Details

Closed on
May 16, 2000
Sold by
Lee Lillian R
Bought by
Lee John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.62%

Purchase Details

Closed on
Apr 14, 2000
Sold by
Wall Ricard B and Wall Christine L
Bought by
Lee John W and Lee Lillian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.62%

Purchase Details

Closed on
Jun 3, 1994
Sold by
Cree William J and Cree Jewella R
Bought by
Wall Richard B and Wall Christine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.56%
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
Hartzell Adam T $1,175,000 Cw Title
Youngs Ross M $835,000 Chicago Title
Rodgers John A $530,000 Fidelity Natio
Lee John W -- Fidelity National Title Ins
Lee John W $375,000 Fidelity National Title
Wall Richard B $240,000 Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hartzell Adam T $1,345,500
Closed Hartzell Adam T $250,000
Closed Hartzell Adam T $792,400
Previous Owner Youngs Ross $0
Previous Owner Youngs Ross M $626,250
Previous Owner Rodgers John A $424,000
Previous Owner Lee John W $300,000
Previous Owner Wall Richard B $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2017 10/23/17 Sold $1,175,000 0.0% $319 / Sq Ft
09/09/2017 09/09/17 Pending -- -- --
08/25/2017 08/25/17 For Sale $1,175,000 0.0% $319 / Sq Ft
08/19/2017 08/19/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $1,175,000 -- $319 / 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 $12,500 $1,282,000 $1,071,000 $211,000
2023 $11,246 $1,170,000 $957,000 $213,000
2022 $11,071 $1,251,000 $865,000 $386,000
2021 $9,500 $1,188,000 $801,000 $387,000
2020 $9,560 $962,000 $682,000 $280,000
2018 $8,759 $982,000 $722,000 $260,000
2017 $7,281 $870,000 $640,000 $230,000
2016 $6,750 $744,000 $290,000 $454,000
2015 $5,857 $673,000 $263,000 $410,000
2014 -- $596,000 $234,000 $362,000
2013 -- $549,000 $216,000 $333,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1177273

Northwest Multiple Listing Service (NWMLS)

APN: 276760-2040