Listed by Engel & Voelkers North Tacoma, Bought with Ewing & Clark, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,015,000 - $1,108,334

3 Beds
2 Baths
2,050 Sq Ft
$519/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $1,049,980 $512 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,622/month

42 Days on Market

Highlights

  • Territorial View
  • Wood Flooring
  • 4-minute walk to William Grose Park
  • Garfield High School Rated A
  • Wood Siding

About This Home

As of September 2021

Over $70k in new updates from previous listing! Both units are rented for $5,100 total, with one year leases! Come see all the new updates in this rare legal duplex in the heart of Madrona, just four blocks from the neighborhood business district with fine dining & cafes. The lower 2 bedroom unit has just been remodeled & has a refreshing modern aesthetic mixed with old charm. The new floors, kitchen, bathroom & back outdoor area are stunning! The upper unit is being rented by a nice, quiet couple & the lower by a highly qualified man. There is shared laundry & storage in the basement with heigh ceilings. The yard is elegantly mature & professionally landscaped. The upper & lower deck offer beautiful territorial views of Madison Valley.

Last Agent to Sell the Property

Ben Morton

Engel & Voelkers North Tacoma License #101989 Listed on: 06/25/2021

Engel & Voelkers North Tacoma

Last Buyer's Agent

Jane Powers

Ewing & Clark, Inc. License #9948

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1798548

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,548

Year Built

  • Built in 1919

Lot Details

  • 2,550 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,050 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Ceramic Tile

Schools

  • Madrona Elementary School
  • Wash Mid Middle School
  • Garfield High School

Community Details

  • Madrona Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7575700130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,548

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1919
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2050
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 404

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 7575700130
  • Lot Size Acres: 0.0585
  • Lot Size Sq Ft: 2550
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 2000

Multi Family

  • Gross Scheduled Income: 61200
  • Net Operating Income: 53052
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 1650
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6548

MLS Schools

  • Elementary School: Madrona Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Sep 15, 2021
Sold by
Seppen Joseph J and Boe Ryan Douglas
Bought by
Powers Mary Jane
Seller's Agent
Ben Morton
Engel & Voelkers North Tacoma
Buyer's Agent
Jane Powers
Ewing & Clark, Inc.
List Price
$1,079,980
Sold Price
$1,049,980
Premium/Discount to List
-$30,000
-2.78%
Current Estimated Value
$1,063,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,131
Avg. Annual Appreciation
1.63%
Original Mortgage
$500,000
Outstanding Balance
$459,279
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$658,121

Purchase Details

Listed on
Jun 6, 2012
Closed on
Jul 11, 2012
Sold by
Hajjar Adeline
Bought by
Seppen Joseph and Boe Ryan Douglas
Seller's Agent
Chris Czichas
Skyline Properties, Inc.
Buyer's Agent
Jim Richardson
Coldwell Banker Danforth
List Price
$405,000
Sold Price
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.91%
Original Mortgage
$303,750
Interest Rate
2.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2011
Sold by
Hajjar Adeline May and Bourns Brenda
Bought by
Hajjar Adeline May

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2003
Sold by
Miscione Steve R and Stevens Elizabeth C
Bought by
Hajjar Adeline May and Bourns Brenda

Purchase Details

Closed on
Aug 27, 1998
Sold by
Varon Mitchel A
Bought by
Stevens Elizabeth C and Miscione Steve R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.91%
Mortgage Type
Seller Take Back
Source: Public Records

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
Powers Mary Jane $1,049,980 Fidelity Natl Ttl Co Of Wa I
Seppen Joseph $405,000 First American
Hajjar Adeline May -- Ticor National
Hajjar Adeline May $359,500 Transnation Ti
Stevens Elizabeth C $152,718 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powers Mary Jane $500,000
Previous Owner Seppen Joseph $250,000
Previous Owner Seppen Joseph J $91,900
Previous Owner Seppen Joseph $24,300
Previous Owner Seppen Joseph $303,750
Previous Owner Hajjar Adeline May $290,000
Previous Owner Stevens Elizabeth C $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2021 09/28/21 Sold $1,049,980 0.0% $512 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
07/15/2021 07/15/21 Price Changed $1,049,980 -2.8% $512 / Sq Ft
07/09/2021 07/09/21 For Sale $1,079,980 +2.9% $527 / Sq Ft
07/09/2021 07/09/21 Off Market $1,049,980 -- --
06/25/2021 06/25/21 For Sale $1,079,980 +166.7% $527 / Sq Ft
07/19/2012 07/19/12 Sold $405,000 0.0% $245 / Sq Ft
06/15/2012 06/15/12 Pending -- -- --
06/12/2012 06/12/12 For Sale $405,000 -- $245 / 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 $9,008 $929,000 $392,000 $537,000
2023 $8,080 $847,000 $366,000 $481,000
2022 $7,144 $949,000 $366,000 $583,000
2021 $6,548 $769,000 $297,000 $472,000
2020 $6,859 $667,000 $282,000 $385,000
2018 $6,191 $663,000 $289,000 $374,000
2017 $5,377 $619,000 $256,000 $363,000
2016 $5,209 $555,000 $224,000 $331,000
2015 $4,014 $526,000 $213,000 $313,000
2014 -- $410,000 $149,000 $261,000
2013 -- $363,000 $138,000 $225,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1798548

Northwest Multiple Listing Service (NWMLS)

APN: 757570-0130