NOT LISTED FOR SALE

Estimated Value: $1,617,437

6 Beds
3 Baths
3,690 Sq Ft
$438/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $1,253,250 $340 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $9,979/month

19 Days on Market

Highlights

  • Lake View
  • Wood Flooring
  • Wood Siding
  • John Hay Elementary School Rated A
  • Thermal Windows

About This Home

As of December 2020

This stabilized triplex sits on 4,590 sf of LR3 (M) zoned land. Central location, minutes from SLU & Facebook’s Seattle HQ, provides easy accessibility to downtown Seattle. The asset’s large 2-bdrm units avg over 1,000 sf & have been updated on turns with re-finished floors, newer appliances and windows. Dedicated off-street spaces for each unit, provides additional upside. A great opportunity to purchase a Westlake located, attractive, stabilized asset with additional development potential.

Last Listed By

Daniel Lim

Lee & Associates Commercial RE License #131121 Listed on: 10/27/2020

Lee & Associates Commercial RE

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1682937

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,597

Year Built

  • Built in 1918

Lot Details

  • 4,590 Sq Ft Lot

Property Views

  • Lake
  • Territorial

Home Design

  • Triplex
  • Flat Roof Shape
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 3 Parking Spaces
  • Open Parking

Community Details

  • Westlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8807900240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,597

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1918
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: VirtualTour
  • Cumulative Days on Market: 272

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: Hardwood, Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Flat
  • View: Lake, Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood, Wood Products
  • 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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5400

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8807900240
  • Lot Size Acres: 0.1054
  • Lot Size Sq Ft: 4590
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 6510

Multi Family

  • Gross Scheduled Income: 82616
  • Net Operating Income: 62890
  • Number Of Units Total: 3
  • Insurance Expense: 1674
  • Leasable Area: 3690
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8597

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2020
Closed on
Dec 18, 2020
Sold by
S & R Properties Llc
Bought by
Henson Brad and Cook Shanna
Seller's Agent
Daniel Lim
Lee & Associates Commercial RE
Buyer's Agent
Nick Hemming
Paragon Real Estate Advisors
List Price
$1,395,000
Sold Price
$1,253,250
Premium/Discount to List
-$141,750
-10.16%
Total Days on Market
19
Current Estimated Value
$1,617,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,187
Avg. Annual Appreciation
4.71%
Original Mortgage
$1,002,600
Outstanding Balance
$906,891
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$626,178

Purchase Details

Closed on
Aug 28, 2018
Sold by
Sanderson Scott N and Miller Robert R
Bought by
S & R Properties L L C

Purchase Details

Closed on
Aug 2, 2018
Sold by
Sanderson Scott N and Miller Robert R
Bought by
S & R Properties L L C

Purchase Details

Closed on
Nov 5, 2015
Sold by
Budenz Cameron L and Miller Robert R
Bought by
Miller Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$711,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2006
Sold by
Sanderson Scott N and Miller Robert R
Bought by
S & R Properties Llc

Purchase Details

Closed on
Jul 6, 2005
Sold by
Sanderson Susann Christine
Bought by
Sanderson Scott N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,850
Interest Rate
5.58%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 1, 2005
Sold by
Lee Jaime A and Lee So T
Bought by
Sanderson Scott N and Miller Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,850
Interest Rate
5.58%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 22, 2002
Sold by
Forsell Andrew W and Duque Ricardo C
Bought by
Lee Jaime A and Lee So T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.09%

Purchase Details

Closed on
Nov 7, 1997
Sold by
Corde Elaine
Bought by
Forsell Andrew W and Duque Ricardo C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,100
Interest Rate
7.3%

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
Henson Brad $1,253,250 Fidelity National Title
S & R Properties L L C -- Accommodation
S & R Properties L L C -- Accommodation
Miller Robert R -- Fidelity Natio
Sanderson Scott N -- Fidelity Natio
S & R Properties Llc -- Old Republic T
Sanderson Scott N -- Ticor National
Sanderson Scott N $799,000 Ticor National
Lee Jaime A $650,000 Commonwealth Land Title
Forsell Andrew W $329,000 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henson Brad $1,002,600
Previous Owner Sanderson Scott N $711,000
Previous Owner Sanderson Scott N $79,850
Previous Owner Sanderson Scott N $639,200
Previous Owner Lee Jaime A $330,000
Previous Owner Forsell Andrew W $296,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $1,253,250 -3.2% $340 / Sq Ft
11/15/2020 11/15/20 Pending -- -- --
11/13/2020 11/13/20 Price Changed $1,295,000 -7.2% $351 / Sq Ft
10/27/2020 10/27/20 For Sale $1,395,000 -- $378 / 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 $12,149 $1,250,000 $655,000 $595,000
2023 $11,560 $1,251,000 $655,000 $596,000
2022 $8,676 $1,354,000 $694,000 $660,000
2021 $8,293 $922,000 $761,000 $161,000
2020 $8,597 $837,000 $699,000 $138,000
2018 $7,567 $866,000 $746,000 $120,000
2017 $6,778 $749,000 $645,000 $104,000
2016 $7,252 $693,000 $599,000 $94,000
2015 $5,943 $729,000 $257,000 $472,000
2014 -- $608,000 $206,000 $402,000
2013 -- $615,000 $195,000 $420,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1682937

Northwest Multiple Listing Service (NWMLS)

APN: 880790-0240