Listed by Real Property Associates, Bought with The Foundation Group LLC
NOT LISTED FOR SALE

Estimated Value: $1,186,000 - $1,270,501

5 Beds
3 Baths
2,520 Sq Ft
$482/Sq Ft Est. Value

Last Sold March 30, 2021

Last sale price $1,004,000 $398 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,388/month

11 Days on Market

Highlights

  • Cul-De-Sac
  • Vinyl Plank Flooring
  • Partially Fenced Property
  • Ridgecrest Elementary School Rated A-

About This Home

As of March 2021

Desirable triplex located in a secure cul-de-sac just blocks from the upcoming 185th St light rail station, shopping, dining, North City, and Shoreline Library, with easy access to I-5. Renovated, fully rented and an attractive Cap Rate! Well-maintained with updated kitchens, baths, flooring, appliances, lighting and finishes. Side by Side main floor units have 2 bedrooms/1 bath, and the lower-level unit is 1 bedroom/1bath set amongst several fir and pine trees on a mature landscaped partially fenced lot with sprinkler system. All electric is separately metered. City is improving 5th NE as part of Transit project with sidewalks on both sides of street in 2022.

Last Agent to Sell the Property

Jenny Bouffiou

Real Property Associates License #96398 Listed on: 02/19/2021

Co-Listed By

Gordon Stephenson

Real Property Associates License #13279

Last Buyer's Agent

Matthew Campbell

The Foundation Group LLC License #97819

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1730879

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,768

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 7,650 Sq Ft Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Sprinkler System

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Ridgecrest Elementary School
  • Kellogg Mid Middle School
  • Shorecrest High School

Utilities

  • Cable TV Available

Community Details

  • Shoreline Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1115100288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,768

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1965
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2520
  • Special Features: VirtualTour
  • Cumulative Days on Market: 362

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Ronald Waste Water
  • WaterCompany: North City Water
  • WaterSewerGarbage: 4110

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Shoreline
  • High School: Shorecrest High
  • Middle Or Junior School: Kellogg Mid

Lot Info

  • Parcel Number: 1115100288
  • Lot Size Acres: 0.1756
  • Lot Size Sq Ft: 7650
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Sprinkler System
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5010

Multi Family

  • Gross Scheduled Income: 60120
  • Net Operating Income: 47174
  • Number Of Units Total: 3
  • Insurance Expense: 1068
  • Leasable Area: 3840
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7768

MLS Schools

  • Elementary School: Ridgecrest Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Mar 26, 2021
Sold by
Cameron Michael and Azzini Massimo
Bought by
Cohen Matthew and Kemp Kimberly
Seller's Agent
Jenny Bouffiou
Real Property Associates
Buyer's Agent
Matthew Campbell
The Foundation Group LLC
List Price
$925,000
Sold Price
$1,004,000
Premium/Discount to List
$79,000
8.54%
Current Estimated Value
$1,214,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,500
Avg. Annual Appreciation
5.29%
Original Mortgage
$650,000
Outstanding Balance
$598,588
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$660,791

Purchase Details

Closed on
Apr 6, 1989
Sold by
Kane Sandra F
Bought by
Cameron Michael J
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
Cohen Matthew $1,004,000 Old Republic Title Ltd
Cameron Michael J $139,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Matthew $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2021 03/30/21 Sold $1,004,000 +8.5% $398 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $925,000 -- $367 / 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 $9,255 $802,000 $329,000 $473,000
2023 $8,773 $699,000 $290,000 $409,000
2022 $8,272 $916,000 $334,000 $582,000
2021 $7,863 $675,000 $277,000 $398,000
2020 $7,767 $585,000 $241,000 $344,000
2018 $6,543 $539,000 $215,000 $324,000
2017 $5,465 $494,000 $199,000 $295,000
2016 $5,223 $429,000 $197,000 $232,000
2015 $4,579 $395,000 $180,000 $215,000
2014 -- $343,000 $154,000 $189,000
2013 -- $306,000 $133,000 $173,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1730879

Northwest Multiple Listing Service (NWMLS)

APN: 111510-0288