Listed by Lake & Company
NOT LISTED FOR SALE
10 Beds
9 Baths
5,649 Sq Ft
5,000 Sq Ft Lot

Last Sold November 06, 2014

Last sale price $1,450,000 $257 Per Sq Ft

6 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Wall to Wall Carpet
  • Adams Elementary School Rated A
  • High Speed Internet

About This Home

As of November 2014

Well maintained 1979 5-unit in prime central Ballard location. Walk score 100! All are large 2br/1.75bath units with fireplaces, dishwashers, & decks. Rents in listing are current actual income. Proforma rents are $1500+/mo. for this size, condition & location. Extra income in listing is from utility bill back & coin-op laundry. Some units are updated with laminate flooring & newer cabinets. 5 tandem parking spaces for 10 cars potential total. Development potential with NC365 zoning.

Last Agent to Sell the Property

Larry Crites

Lake & Company License #8471 Listed on: 10/20/2014

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 708516

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,493

Year Built

  • Built in 1979

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Property is in good condition

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 5,649 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767700460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,493

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5649
  • Special Features: None
  • Cumulative Days on Market: 359

Interior Features

  • Possible Use: Commercial, Multi-Family, See Remarks
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 5905

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2767700460
  • Lot Size Acres: 0.1148
  • Lot Size: 50 x 100
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: King County Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family,See Remarks

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 7145

Multi Family

  • Gross Scheduled Income: 85740
  • Net Operating Income: 60658
  • Number Of Units Total: 5
  • Electric Expense: 491
  • Insurance Expense: 1656
  • Leasable Area: 4291
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2014
  • Tax Annual Amount: 8493

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2014 11/06/14 Sold $1,450,000 +7.4% $257 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
10/20/2014 10/20/14 For Sale $1,350,000 -- $239 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 708516

Northwest Multiple Listing Service (NWMLS)