Listed by The Foundation Group LLC, Bought with Globenex Realty
NOT LISTED FOR SALE

Estimated Value: $852,574 - $1,055,000

5 Beds
3 Baths
3,020 Sq Ft
$328/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $900,000 $298 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,078/month

8 Days on Market

Highlights

  • No HOA
  • Wall to Wall Carpet
  • 1-Story Property
  • Beacon Hill International Elementary Rated 9+

About This Home

As of April 2022

Compact value-add triplex on Beacon Hill with attractive unit mix - two 3B/1B units (1,000SqFt) and a 1B/1B (800SqFt) listed for sale. Pro-forma cap rate above 7%. Units are tired and need cosmetic updating. The two larger units are vacant to give potential buyer easy access to begin renovating. Property was built in 1999 and is situated on 5,060 SqFt of LR1 zoned land.

Last Agent to Sell the Property

Ethan Szmania

The Foundation Group LLC License #125178 Listed on: 02/02/2022

Co-Listed By

Aaron Locke

The Foundation Group LLC License #107646

Last Buyer's Agent

Lia Huang

Globenex Realty License #124423

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1884517

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,905

Year Built

  • Built in 1999

Lot Details

  • 5,060 Sq Ft Lot

Home Design

  • Triplex
  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,020 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Stevens Elementary School
  • Meany Mid Middle School
  • Garfield High School

Community Details

  • No Home Owners Association
  • N Beacon Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7548300333

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,905

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1999
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3020
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: SCL
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 4153

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Meany Mid

Lot Info

  • Parcel Number: 7548300333
  • Lot Size Acres: 0.1162
  • Lot Size Sq Ft: 5060
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: public records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 5400

Multi Family

  • Gross Scheduled Income: 75600
  • Net Operating Income: 62016
  • Number Of Units Total: 3
  • Insurance Expense: 1200
  • Leasable Area: 3020
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7905

MLS Schools

  • Elementary School: Stevens

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2007
Sold by
Durand Elizabeth and Oreck Elizabeth
Bought by
Maltby Richard
Current Estimated Value
$989,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,960
Outstanding Balance
$222,912
Interest Rate
6.17%
Mortgage Type
Negative Amortization
Estimated Equity
$766,732

Purchase Details

Closed on
May 7, 2004
Sold by
Oliver Stephen
Bought by
Oreck Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,350
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2001
Sold by
Ampo Investment Company
Bought by
Oliver Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
9.37%

Purchase Details

Closed on
Dec 4, 2000
Sold by
Ustach Andrzej
Bought by
Ampo Investment Company

Purchase Details

Closed on
Jul 28, 1999
Sold by
Kwon Tai Hee
Bought by
Ustach Andrzej

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
10.12%

Purchase Details

Closed on
Jul 22, 1999
Sold by
Boyd Real Estate Investment Inc
Bought by
Ustach Andrzej

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
10.12%

Purchase Details

Closed on
May 22, 1995
Sold by
Groshong Geoffrey and Marsh Violet
Bought by
Boyd Real Estate Investment Inc
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
Maltby Richard $464,950 Commonwealth L
Oreck Elizabeth $391,500 First American
Oliver Stephen $335,000 Chicago Title
Ampo Investment Company -- --
Ustach Andrzej -- First American
Ustach Andrzej $209,916 First American
Boyd Real Estate Investment Inc $1,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maltby Richard $371,960
Previous Owner Oreck Elizabeth $352,350
Previous Owner Oliver Stephen $268,000
Previous Owner Ustach Andrzej $225,000
Closed Oliver Stephen $67,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2022 04/25/22 Sold $900,000 +5.9% $298 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $850,000 -- $281 / 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 $9,726 $988,000 $853,000 $135,000
2023 $8,693 $929,000 $762,000 $167,000
2022 $8,394 $994,000 $652,000 $342,000
2021 $7,905 $884,000 $600,000 $284,000
2020 $7,748 $790,000 $249,000 $541,000
2018 $6,354 $792,000 $250,000 $542,000
2017 $5,455 $618,000 $221,000 $397,000
2016 $4,876 $546,000 $197,000 $349,000
2015 $3,654 $475,000 $172,000 $303,000
2014 -- $358,000 $253,000 $105,000
2013 -- $337,000 $225,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1884517

Northwest Multiple Listing Service (NWMLS)

APN: 754830-0333