Listed by Northmarq Multifamily, LLC, Bought with Washington Home Realty Inc
NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1.11 Acres

Last Sold July 22, 2019

Last sale price $14,375,000

15 Days on Market

Highlights

  • Lake View
  • 1.11 Acre Lot
  • Property is in very good condition
  • Briarcrest Elementary School Rated A
  • Thermal Windows
  • Wood Siding

About This Home

As of July 2019

Built in 1965, Sheridan Beach Terrace is a renovated 53 unit building w/ panoramic views of Lake Washington. Mix of studio, 1 bedroom, 2
bedroom and 3 bedroom units all with WD. 65% of units have a view / some with expansive decks and panoramic views of Lake Washington and the Cascades. Spacious community deck with furniture and hosting options. Current rents are 10%+ below market. Less than 10 minutes from the Downtown Bothell redevelopment and the University of Washington Bothell campus.

Last Agent to Sell the Property

Steve Fischer

Northmarq Multifamily, LLC License #87455 Listed on: 04/09/2019

Co-Listed By

Tyler Smith

Northmarq Multifamily, LLC License #24028396

Last Buyer's Agent

Jeremy Gustavel

Washington Home Realty Inc License #17200

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1436862

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $150,293

Year Built

  • Built in 1965

Lot Details

  • 1.11 Acre Lot
  • Property is in very good condition

Property Views

  • Lake
  • Mountain

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding
  • Stone Siding
  • Stucco

Interior Spaces

  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 70 Parking Spaces
  • Open Parking

Community Details

  • Sheridan Beach Subdivision
  • 6-Story Property

Listing and Financial Details

  • Assessor Parcel Number 6744700360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$150,293

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1965
  • Buyer Agency Compensation: 1
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 6
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Elevator,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stone, Stucco, Wood
  • Foundation Details: Slab
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 10
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 70

Utilities

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

Schools

  • Junior High Dist: Shoreline

Lot Info

  • Parcel Number: 6744700360
  • Lot Size Acres: 1.1088
  • Lot Size Sq Ft: 48300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 94179

Tax Info

  • Year: 2019
  • Tax Annual Amount: 150293

Multi Family

  • Number Of Units Total: 53
  • UnitsBelowGrade: false

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2019 07/22/19 Sold $14,375,000 -0.9% --
04/24/2019 04/24/19 Pending -- -- --
04/09/2019 04/09/19 For Sale $14,500,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1436862

Northwest Multiple Listing Service (NWMLS)