Listed by Windermere R E Mount Baker, Bought with Richmond Realty of Washington
NOT LISTED FOR SALE

Estimated Value: $1,281,000 - $1,766,000

5 Beds
3 Baths
2,440 Sq Ft
$639/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $1,215,000 $498 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,312/month

19 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Ceramic Tile Flooring
  • Alki Elementary School Rated A-
  • Thermal Windows
  • Property is near a preserve or public land

About This Home

As of October 2020

Rare and sought after duplex right on Alki Avenue. Fantastic views of Olympic mountains and Puget Sound from both units. Owner's unit upstairs and nice income from first level unit with it's own separate entry. Zoning allows for redevelopment too!

Last Agent to Sell the Property

Warren Farmer

Windermere R E Mount Baker License #9113 Listed on: 09/01/2020

Windermere R E Mount Baker

Last Buyer's Agent

Stephen Katzenberger

Richmond Realty of Washington License #132802

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1655373

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,046

Year Built

  • Built in 1967

Lot Details

  • 3,910 Sq Ft Lot
  • Lot Dimensions are 34 x 115
  • Property is in good condition

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Duplex
  • Poured Concrete
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 2,440 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • West Seattle High School

Additional Features

  • Deck
  • Natural Gas Connected

Community Details

  • Alki Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 0139000055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,046

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2440
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Built-Up
  • View: Mountain(s), Sound
  • Lot Features: Adjacent to Public Land, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE/SCL
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 1200

Fee Information

  • Annual Fuel Expense: 1200

Schools

  • Junior High Dist: Seattle
  • High School: West Seattle High

Lot Info

  • Parcel Number: 0139000055
  • Lot Size Acres: 0.0898
  • Lot Size: 34 x 115
  • Lot Size Sq Ft: 3910
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 28
  • LeasedItems: None
  • TotalMonthlyIncome: 4400

Multi Family

  • Gross Scheduled Income: 51600
  • Net Operating Income: 46168
  • Number Of Units Total: 2
  • Electric Expense: 1200
  • Insurance Expense: 800
  • Leasable Area: 2440
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8046

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2023
Sold by
Beckham Emily Jane
Bought by
Sangam Easwar Siddharth and Sangam Jane Beckham
Current Estimated Value
$1,559,007

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 16, 2020
Sold by
Er Gek Lian and Farmer Warren L
Bought by
Easwar Siddharth Sangam
Seller's Agent
Warren Farmer
Windermere R E Mount Baker
Buyer's Agent
Stephen Katzenberger
Richmond Realty of Washington
List Price
$1,450,000
Sold Price
$1,215,000
Premium/Discount to List
-$235,000
-16.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%
Original Mortgage
$911,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2016
Sold by
Farmer Warren L and Er Gel Lian
Bought by
Er Gek Lian and Farmer Waren L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
2.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2013
Sold by
Farmer Warren L
Bought by
Farmer Warren L and Er Gei Lian

Purchase Details

Closed on
Sep 17, 2003
Sold by
Farmer Margaret Connelly
Bought by
Farmer Margaret Connelly and Farmer Warren L
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
Sangam Easwar Siddharth $313 None Listed On Document
Easwar Siddharth Sangam $1,215,000 Cw Title
Er Gek Lian -- Rainier Title
Farmer Warren L $650,000 None Available
Farmer Margaret Connelly -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Easwar Siddharth Sangam $911,250
Previous Owner Er Gek Lian $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2020 10/20/20 Sold $1,215,000 0.0% $498 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
09/16/2020 09/16/20 Price Changed $1,215,000 -10.0% $498 / Sq Ft
09/11/2020 09/11/20 Price Changed $1,350,000 -6.9% $553 / Sq Ft
09/01/2020 09/01/20 For Sale $1,450,000 -- $594 / 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 $12,554 $1,301,000 $1,300,000 $1,000
2023 $11,425 $1,202,000 $1,201,000 $1,000
2022 $10,028 $1,173,000 $1,163,000 $10,000
2021 $8,181 $1,081,000 $1,071,000 $10,000
2020 $8,046 $829,000 $750,000 $79,000
2018 $7,301 $816,000 $749,000 $67,000
2017 $6,981 $725,000 $680,000 $45,000
2016 $6,702 $719,000 $648,000 $71,000
2015 $6,930 $675,000 $609,000 $66,000
2014 -- $718,000 $571,000 $147,000
2013 -- $617,000 $497,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1655373

Northwest Multiple Listing Service (NWMLS)

APN: 013900-0055