Listed by Paragon Real Estate Advisors, Bought with Real Residential
NOT LISTED FOR SALE
-- Bed
-- Bath
4,500 Sq Ft
5,000 Sq Ft Lot

Sale Details

Date Sold: June 21, 2024

Last sale price $1,597,000 $355 Per Sq Ft

13 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 3-minute walk to Ballard Corners Park
  • Adams Elementary School Rated A

About This Home

As of June 2024

This five-unit building features large units with private balconies in an excellent Ballard location just four blocks north of Market Street. The Ballard 5 consists of three one bedroom one bath units ranging in size from 760 to 810 square feet, a large two bedroom one-and-a-half-bath unit that is 960 square feet, and a penthouse unit. The penthouse is 1,210 square feet and is a two bedroom one and a half bath unit featuring large living spaces throughout. The units have private balconies for the tenant’s enjoyment. Two of the units have received full remodels and a third unit has been partially updated. There is a common laundry room on site for the tenants use.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 04/24/2024

Co-Listed By

Brian Platt

Paragon Real Estate Advisors License #85375

Last Buyer's Agent

Leka Devatha

Real Residential License #129773

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2227960

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,151

Year Built

  • Built in 1979

Lot Details

  • 5,000

Parking

  • Open Parking

Home Design

  • Flat Roof Shape
  • Wood Siding
  • Stucco
  • Wood Composite

Interior Spaces

  • 4,500 Sq Ft Home
  • 3-Story Property

Additional Features

  • 5,000 Sq Ft Lot
  • Radiant Heating System

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767603565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,151

Year Built

Built in 1979

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1979
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 4500
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood Products

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2767603565
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.62
  • LeasedItems: None
  • TotalMonthlyIncome: 10096

Tax Info

  • Year: 2024
  • Tax Annual Amount: 15151

Multi Family

  • Number Of Units Total: 5
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
Jun 17, 2024
Sold by
Bought by
Seller's Agent
Michael Urquhart
Paragon Real Estate Advisors
Buyer's Agent
Leka Devatha
Real Residential
List Price
$1,650,000
Sold Price
$1,597,000
Premium/Discount to List
-$53,000
-3.21%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,197,750
Outstanding Balance
$1,172,959
Interest Rate
7.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 1, 2020
Closed on
Dec 2, 2020
Sold by
Bought by
Seller's Agent
Megan Walla
Windermere Real Estate GH LLC
Buyer's Agent
Megan Walla
Windermere Real Estate GH LLC
List Price
$1,825,000
Sold Price
$1,400,000
Premium/Discount to List
-$425,000
-23.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%
Original Mortgage
$10,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2014
Sold by
Bought by

Purchase Details

Closed on
May 1, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 24, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,595,500 Fidelity National Title
$1,400,000 Cw Title
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,197,750
Previous Owner $380,000
Previous Owner $10,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2024 06/21/24 Sold $1,597,000 -3.2% $355 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $1,650,000 +17.9% $367 / Sq Ft
12/15/2020 12/15/20 Sold $1,400,000 -6.7% $311 / Sq Ft View Prior Sale
11/02/2020 11/02/20 Pending -- -- --
10/27/2020 10/27/20 Price Changed $1,500,000 -11.5% $333 / Sq Ft
10/15/2020 10/15/20 Price Changed $1,695,000 -7.1% $377 / Sq Ft
10/01/2020 10/01/20 For Sale $1,825,000 -- $406 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $16,729 $1,569,000 $1,125,000 $444,000
2024 $14,597 $1,468,000 $1,125,000 $343,000
2023 $15,151 $1,561,000 $1,100,000 $461,000
2022 $13,806 $1,617,000 $1,100,000 $517,000
2021 $16,219 $1,461,000 $1,100,000 $361,000
2020 $16,434 $1,651,000 $1,050,000 $601,000
2018 $12,993 $1,433,000 $775,000 $658,000
2017 $11,720 $1,287,000 $650,000 $637,000
2016 $10,136 $1,199,500 $600,000 $599,500
2015 -- $1,008,000 $500,000 $508,000
2014 -- $857,000 $450,000 $407,000
2013 -- $739,000 $450,000 $289,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2227960

Northwest Multiple Listing Service (NWMLS)
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