Listed by COMPASS, Bought with Next Horizon Realty
NOT LISTED FOR SALE

Estimated Value: $1,939,000 - $2,279,000

12 Beds
6 Baths
4,140 Sq Ft
$501/Sq Ft Est. Value

Last Sold December 16, 2019

Last sale price $1,430,000 $345 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $12,492/month

188 Days on Market

Highlights

  • Territorial View
  • Wood Flooring
  • Wood Siding
  • North Beach Elementary School Rated A
  • Corner Lot
  • 4-minute walk to Baker Park on Crown Hill

About This Home

As of December 2019

Rental income: $8,200/month! unit 1612 vacant and on the market for viewing.
Income producing Ballard 4-plex. Renovated in 2007 w/granite, hardwood floors, stainless appliances, w/d, new plumping, electrical, new windows, updated bathrooms. Recenlty upzoned to develop into 4
townhouses 1550sf up to 4 stories high (buyer to verify) or keep as turnkey investment with existing
long term tenants. Great location. Easy to rent & on several bus lines.

Last Agent to Sell the Property

Kristin Clark

COMPASS License #23439 Listed on: 04/16/2019

COMPASS

Co-Listed By

Joyce Hollenbeck

COMPASS License #71569

Last Buyer's Agent

Steve Morrow

Next Horizon Realty License #24660

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1440328

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,228

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 4,430 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,140 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3300701080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,228

Year Built

Built in 1956 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1956
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4140
  • Special Features: None
  • Cumulative Days on Market: 549

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric
  • WaterSewerGarbage: 7066

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3300701080
  • Lot Size Acres: 0.1017
  • Lot Size Sq Ft: 4430
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 8200

Multi Family

  • Gross Scheduled Income: 93960
  • Net Operating Income: 70748
  • Number Of Units Total: 4
  • Insurance Expense: 3918
  • Leasable Area: 4140
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 12228

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2019
Closed on
Dec 6, 2019
Sold by
Smith Michael and Geddes Smith Amanda
Bought by
Neill Keith Eric O and Neill Kathryn O
Seller's Agent
Kristin Clark
COMPASS
Buyer's Agent
Steve Morrow
Next Horizon Realty
List Price
$1,680,000
Sold Price
$1,430,000
Premium/Discount to List
-$250,000
-14.88%
Current Estimated Value
$2,075,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$645,550
Avg. Annual Appreciation
6.54%
Original Mortgage
$1,000,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 9, 2017
Closed on
Apr 26, 2017
Sold by
Johnson Anthony P and Johnson Leslie M
Bought by
Smith Michael and Geddes Smith Amanda
Seller's Agent
Aaron Locke
The Foundation Group LLC
Buyer's Agent
Blake Cisneros
Weisbarth & Associates
List Price
$1,300,000
Sold Price
$1,340,000
Premium/Discount to List
$40,000
3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.49%
Original Mortgage
$938,000
Interest Rate
4.3%

Purchase Details

Closed on
Jan 14, 2008
Sold by
Slipstream Development Llc
Bought by
Johnson Anthony P and Johnson Leslie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
5.96%

Purchase Details

Closed on
Dec 11, 2005
Sold by
Shaw Matthew S and Walls Preston D
Bought by
Slipstream Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.75%

Purchase Details

Closed on
Oct 14, 2005
Sold by
Wang David S and Wang Lillian L
Bought by
Walls Preston and Shaw Matthew S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.75%

Purchase Details

Closed on
Jul 29, 1999
Sold by
Wang David S and Wang Lillian L
Bought by
Wang David S and Wang Lillian L

Purchase Details

Closed on
Sep 25, 1998
Sold by
Marx William H and Marx Florence O
Bought by
Wang David and Wang Lilliain

Purchase Details

Closed on
Aug 3, 1998
Sold by
Marx William H
Bought by
Marx William H and Marx Florence O
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
Neill Keith Eric O $1,430,000 Rainier Title
Smith Michael $1,340,000 Fidelity
Johnson Anthony P $815,000 Old Republic T
Slipstream Development Llc -- Old Republic T
Walls Preston $500,000 Fidelity Natio
Wang David S -- --
Wang David $269,000 Chicago Title Insurance Co
Marx William H -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neill Keith Eric O $996,000
Closed Neill Keith Eric O $1,000,000
Previous Owner Smith Michael $938,000
Previous Owner Johnson Anthony P $555,000
Previous Owner Johnson Anthony P $590,000
Previous Owner Slipstream Development Llc $330,000
Previous Owner Walls Preston $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $1,430,000 -14.9% $345 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
04/16/2019 04/16/19 For Sale $1,680,000 +25.4% $406 / Sq Ft
04/27/2017 04/27/17 Sold $1,340,000 +3.1% $324 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $1,300,000 -- $314 / 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 $14,456 $1,466,000 $886,000 $580,000
2023 $12,804 $1,625,000 $886,000 $739,000
2022 $13,378 $1,472,000 $886,000 $586,000
2021 $14,365 $1,424,000 $886,000 $538,000
2020 $15,220 $1,462,000 $841,700 $620,300
2018 $12,228 $1,354,000 $620,200 $733,800
2017 $9,805 $1,215,000 $531,600 $683,400
2016 $8,412 $1,000,000 $487,300 $512,700
2015 $7,739 $833,000 $354,400 $478,600
2014 -- $785,000 $332,200 $452,800
2013 -- $715,000 $332,200 $382,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1440328

Northwest Multiple Listing Service (NWMLS)

APN: 330070-1080