Listed by Windermere RE Greenwood, Bought with Windermere Real Estate Midtown
NOT LISTED FOR SALE

Estimated Value: $1,741,000 - $2,624,012

6 Beds
3 Baths
3,590 Sq Ft
$620/Sq Ft Est. Value

Last Sold October 19, 2012

Last sale price $969,000 $270 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $13,615/month

23 Days on Market

Highlights

  • Deck
  • Territorial View
  • Central Air
  • McGilvra Elementary School Rated A
  • Patio
  • 1-minute walk to Madison Park

About This Home

As of October 2012

Well maintained triplex in the heart of Madison Park. Two upper units are townhouse style 2 bd/1 bth, both w/roof-top decks, vaulted ceilings, w/d & fireplaces. Lower unit all one level, 2 bd/1bth w/fireplace, w/d & front patio. Each has a parking spot and storage unit in back. Easy to rent. Low maintenance yard/building. 2 blocks from Madison Park shops, bars, restaurants.

Last Agent to Sell the Property

Leslie Fox

Windermere RE Greenwood License #80956 Listed on: 09/04/2012

Windermere RE Greenwood

Last Buyer's Agent

Shane Ristine

Windermere Real Estate Midtown License #2147

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 400846

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,346

Year Built

  • Built in 1984

Lot Details

  • 4,305 Sq Ft Lot
  • Property is in very good condition

Property Views

  • Territorial
  • Limited

Home Design

  • Triplex
  • Poured Concrete
  • Metal Roof

Interior Spaces

  • 3,590 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Concrete
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Cable TV Available

Community Details

  • Madison Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5318101290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,346

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1984
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3590
  • Special Features: None
  • Cumulative Days on Market: 370

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Concrete, Vinyl, Carpet
  • Interior Amenities: Forced Air, Central A/C, Concrete, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • View: Partial, Territorial
  • Lot Features: Alley, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: Poured Concrete
  • Property Condition: Very 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
  • Cooling Y N: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 1470

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5318101290
  • Lot Size Acres: 0.0988
  • Lot Size Sq Ft: 4305
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5100

Multi Family

  • Gross Scheduled Income: 61200
  • Net Operating Income: 47743
  • Number Of Units Total: 3
  • Insurance Expense: 1479
  • Leasable Area: 3590
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2012
  • Tax Annual Amount: 9346

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2013
Sold by
Mortenson Douglas
Bought by
The Turquoise Bear Llc
Current Estimated Value
$2,226,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2013
Sold by
Mortenson Douglas
Bought by
Mortenson Linda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2012
Closed on
Oct 18, 2012
Sold by
Gregory Arthur J
Bought by
Mortenson Linda C
Seller's Agent
Leslie Fox
Windermere RE Greenwood
Buyer's Agent
Shane Ristine
Windermere Real Estate Midtown
List Price
$969,000
Sold Price
$969,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%

Purchase Details

Closed on
Jul 30, 2004
Sold by
Forbes Janet Heily
Bought by
Gregory Arthur J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 1997
Sold by
Cook Ronald W and Cook Lynne M
Bought by
Forbes Dorr and Forbes Jan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
The Turquoise Bear Llc -- None Available
Turquoise Bear Llc -- None Available
Mortenson Linda C -- Wfg Natl Title
Mortenson Linda C -- Wfg Natl Title
Mortenson Linda C $969,000 Ticor Title
Gregory Arthur J $800,000 Pacific Nw Tit
Forbes Dorr $491,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mortenson Linda C $150,000
Previous Owner Gregory Arthur J $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2012 10/19/12 Sold $969,000 0.0% $270 / Sq Ft
09/28/2012 09/28/12 Pending -- -- --
09/04/2012 09/04/12 For Sale $969,000 -- $270 / 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 $18,948 $1,973,000 $1,064,000 $909,000
2023 $17,924 $1,898,000 $992,000 $906,000
2022 $15,864 $2,126,000 $992,000 $1,134,000
2021 $14,816 $1,722,000 $804,000 $918,000
2020 $15,517 $1,525,000 $834,000 $691,000
2018 $14,773 $1,600,000 $852,000 $748,000
2017 $12,837 $1,493,000 $755,000 $738,000
2016 $12,335 $1,339,000 $660,000 $679,000
2015 $9,569 $1,267,000 $625,000 $642,000
2014 -- $1,001,000 $439,000 $562,000
2013 -- $911,000 $439,000 $472,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 400846

Northwest Multiple Listing Service (NWMLS)

APN: 531810-1290