Listed by Paragon Real Estate Advisors, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $1,280,764 - $1,351,000

6 Beds
3 Baths
2,440 Sq Ft
$541/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $1,354,250 $555 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,031/month

14 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 2-minute walk to William Grose Park
  • Garfield High School Rated A

About This Home

As of April 2022

The subject property is located on a large 6,600 square foot lot with north facing territorial views. The property consists of three two bedroom one bathroom units that are 850-880 square feet in size featuring living rooms with fireplaces. The tenants enjoy living in a quiet, park like setting with a fenced in backyard and private patio. Additionally, the property has three covered carport stalls that can be tandem parking and also includes additional storage for tenants. The Madison Valley triplex is conveniently located within walking distance to the Arboretum, Madison Park, Capitol Hill and is surrounded by several nearby parks.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 02/24/2022

Co-Listed By

Brian Platt

Paragon Real Estate Advisors License #85375

Last Buyer's Agent

Patrick Buckley

COMPASS License #117919

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1893604

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,333

Year Built

  • Built in 1967

Lot Details

  • 6,600 Sq Ft Lot

Home Design

  • Triplex
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 2,440 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Madison Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9828202100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,333

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2440
  • Special Features: None
  • Cumulative Days on Market: 380

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3960

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9828202100
  • Lot Size Acres: 0.1515
  • Lot Size Sq Ft: 6600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 5875

Multi Family

  • Gross Scheduled Income: 70500
  • Net Operating Income: 52132
  • Number Of Units Total: 3
  • Electric Expense: 360
  • Insurance Expense: 1100
  • Leasable Area: 2440
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9333

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2009
Sold by
Travers Mary P
Bought by
Travers Mary P
Current Estimated Value
$1,318,941

Purchase Details

Closed on
Apr 27, 2005
Sold by
Kauffman Christopher P and Kauffman Ellen
Bought by
Travers Mary P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac
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
Travers Mary P -- None Available
Travers Mary P $470,000 Fidelity Natio
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whicker Keegan Lee $1,083,400
Closed Travers Mary P $368,000
Closed Travers Mary P $400,000
Closed Travers Mary P $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $1,354,250 +7.5% $555 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $1,260,000 -- $516 / 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 $10,799 $1,084,000 $772,000 $312,000
2023 $10,399 $1,054,000 $772,000 $282,000
2022 $9,583 $1,111,000 $666,000 $445,000
2021 $9,333 $999,000 $605,000 $394,000
2020 $9,099 $926,000 $547,000 $379,000
2018 $7,949 $925,000 $377,000 $548,000
2017 $6,351 $771,000 $322,000 $449,000
2016 $6,019 $630,000 $269,000 $361,000
2015 $5,050 $584,000 $250,000 $334,000
2014 -- $498,000 $209,000 $289,000
2013 -- $449,000 $191,000 $258,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1893604

Northwest Multiple Listing Service (NWMLS)

APN: 982820-2100