Listed by Windermere West Metro, Bought with Windermere Real Estate Co.
NOT LISTED FOR SALE

Estimated Value: $1,248,770 - $1,555,000

6 Beds
2 Baths
2,937 Sq Ft
$472/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $1,432,500 $488 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,134/month

28 Days on Market

Highlights

  • Deck
  • Territorial View
  • High Speed Internet
  • Garfield High School Rated A
  • Engineered Wood Flooring
  • 1-minute walk to Spring Street Mini Park

About This Home

As of November 2021

Turn-key well located & maintained Capitol Hill triplex. Left front door leads to spacious light-filled top 2 floor unit w/ open concept living. Balcony, gas fireplace, cherry floors (1316 ft, 3/1¾ last rent $3740). Take the front right door to an Airbnb unit (787 ft. 2/¾ market rent=$2500/month or $180-$350/night) w/ updated bath & efficiency kitchen. Natural light streams into large living room. Entrance to the basement apartment (800 1/¾ -market rent=$1700) w/ long-term tenant is on the west side of the building. Keep the back storage shed or remove to add extra parking. Low maintenance yard provides set back from street. Close to shopping, Seattle U, Capitol Hill, shops, cafés, parks & more. All units have W/D, gas/electric meters.

Last Agent to Sell the Property

Peter Wolf

Windermere West Metro License #105326 Listed on: 09/14/2021

Windermere West Metro

Last Buyer's Agent

Ben Carr

Windermere Real Estate Co. License #49692

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1838092

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,228

Year Built

  • Built in 1901

Lot Details

  • 2,400 Sq Ft Lot
  • Lot Dimensions are 40 x 60
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,937 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Engineered Wood
  • Softwood
  • Wall to Wall Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 3 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Renton's Addition To The City Of Seattle Condos
  • Capitol Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 / 15
  • Assessor Parcel Number 7234600761

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,228

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1901
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Renton's Addition to the city of Seattle
  • New Construction: No
  • CalculatedSquareFootage: 2937
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Concrete, Engineered Hardwood, Softwood, Carpet
  • Interior Amenities: Ceramic Tile, Concrete, Fir/Softwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 4257

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 7234600761
  • Lot Size Acres: 0.0551
  • Lot Size: 40 x 60
  • Lot Size Sq Ft: 2400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 6

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 8100

Multi Family

  • Gross Scheduled Income: 97200
  • Net Operating Income: 79827
  • Number Of Units Total: 3
  • Insurance Expense: 1172
  • Leasable Area: 2903
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7228

MLS Schools

  • Elementary School: Madrona Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Oct 22, 2021
Sold by
Kemper William F and Huang Daphne J
Bought by
Cassel Mace Ethan
Seller's Agent
Peter Wolf
Windermere West Metro
Buyer's Agent
Ben Carr
Windermere Real Estate Co.
List Price
$1,525,000
Sold Price
$1,432,500
Premium/Discount to List
-$92,500
-6.07%
Current Estimated Value
$1,385,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,243
Avg. Annual Appreciation
-1.58%
Original Mortgage
$1,146,000
Outstanding Balance
$1,057,408
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$289,184

Purchase Details

Closed on
Jul 2, 2007
Sold by
Kemper William and Huang Daphne
Bought by
Kemper William F and Huang Daphne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,500
Interest Rate
6.51%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 26, 2001
Sold by
Williams Miles W
Bought by
Kemper William and Huang Daphne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.98%

Purchase Details

Closed on
Dec 12, 2000
Sold by
Tripod Properties Llc
Bought by
Williams Ii Miles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
7.81%

Purchase Details

Closed on
Apr 8, 1998
Sold by
Mulligan Jon and Connett Christina
Bought by
Tripod Properties Llc

Purchase Details

Closed on
Nov 25, 1997
Sold by
Mulligan Jon and Connett Christina
Bought by
Tripod Properties Llc

Purchase Details

Closed on
Aug 12, 1997
Sold by
Paget Peter E and King Paget F
Bought by
Lutz Ed

Purchase Details

Closed on
Nov 27, 1996
Sold by
Lutz Edward E and Turcotte Michelle Mary
Bought by
Mulligan Jon and Connett Christina F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
7.86%

Purchase Details

Closed on
Feb 6, 1992
Sold by
Turcotte Michelle Mary
Bought by
Lutz Edward E
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
Cassel Mace Ethan $1,432,500 Cw Title
Kemper William F -- Commonwealth L
Kemper William $330,000 --
Williams Ii Miles W $320,000 Washington Title
Tripod Properties Llc -- --
Tripod Properties Llc -- --
Lutz Ed -- --
Mulligan Jon $212,000 First American Title
Lutz Edward E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cassel Mace Ethan $1,146,000
Previous Owner Kemper William F $533,850
Previous Owner Kemper William F $78,500
Previous Owner Kemper William F $628,000
Previous Owner Kemper William $230,000
Previous Owner Kemper William $172,800
Previous Owner Kemper William F $227,200
Previous Owner Kemper William $231,000
Previous Owner Williams Ii Miles W $134,000
Previous Owner Mulligan Jon $169,600
Closed Kemper William $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $1,432,500 -2.2% $488 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
09/24/2021 09/24/21 Price Changed $1,465,000 -3.9% $499 / Sq Ft
09/14/2021 09/14/21 For Sale $1,525,000 -- $519 / 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 $9,817 $1,017,000 $590,000 $427,000
2023 $9,352 $989,000 $590,000 $399,000
2022 $8,893 $1,043,000 $509,000 $534,000
2021 $7,228 $967,000 $462,000 $505,000
2020 $6,961 $740,000 $418,000 $322,000
2018 $6,086 $729,000 $317,000 $412,000
2017 $4,840 $608,000 $271,000 $337,000
2016 $4,592 $497,000 $226,000 $271,000
2015 $4,014 $461,000 $210,000 $251,000
2014 -- $410,000 $162,000 $248,000
2013 -- $470,000 $117,000 $353,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1838092

Northwest Multiple Listing Service (NWMLS)

APN: 723460-0761