NOT LISTED FOR SALE

1804 NE 50th St Seattle, WA 98105

University District Neighborhood

Estimated Value: $2,972,767

10 Beds
5 Baths
7,150 Sq Ft
$416/Sq Ft Est. Value

Last Sold July 30, 2013

Last sale price $1,240,000 $173 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $18,621/month

185 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • Wood Siding
  • Laurelhurst Elementary School Rated A-
  • Property is in very good condition

About This Home

As of July 2013

7,150SF UW Rooming house. Well Maintained and updated 17 bedroom home two blocks from the entrance to the University of Washington. Corner of 18th and NE 50th. Always full, great rental history = $69,825 in NOI. Rooms and common areas are well maintained, easy to rent and all units leased on 1 year terms. Tenant pay utilities and there is a coin - op laundry. 1912 Charm, easy to maintain and manage. A unique opportunity to own a great property in a coveted and iconic U district neighborhood.

Co-Listed By

Jay Young

Real Property Associates License #3049

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 428010

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,600

Year Built

  • Built in 1912

Lot Details

  • 5,640 Sq Ft Lot
  • Property is in very good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 7,150 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking

Utilities

  • Natural Gas Connected

Community Details

  • University District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8823901340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,600

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1912
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 7150
  • Special Features: None
  • Cumulative Days on Market: 563

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Alley, Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 3900

Fee Information

  • Annual Fuel Expense: 1700

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8823901340
  • Lot Size Acres: 0.1295
  • Lot Size Sq Ft: 5640
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 7500

Multi Family

  • Gross Scheduled Income: 102700
  • Net Operating Income: 69825
  • Number Of Units Total: 14
  • Electric Expense: 3500
  • Insurance Expense: 2600
  • Leasable Area: 7150
  • UnitsInBuildingTotal: 17
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 11600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2012
Closed on
Jul 2, 2013
Sold by
Hogenauer Edward L and Hogenauer Susan E
Bought by
Aixil Llc
List Price
$1,350,000
Sold Price
$1,240,000
Premium/Discount to List
-$110,000
-8.15%
Current Estimated Value
$2,972,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,732,767
Avg. Annual Appreciation
7.31%
Original Mortgage
$577,500
Outstanding Balance
$425,960
Interest Rate
3.88%
Mortgage Type
Commercial
Estimated Equity
$2,458,497

Purchase Details

Closed on
Jul 14, 2004
Sold by
Jarvis Robert C
Bought by
Hogenauer Edward L and Hogenauer Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 1991
Sold by
Mcvicar Butler M and Gillet Teri A
Bought by
Jarvis Robert C
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
Aixil Llc $1,240,000 Chicago Title
Hogenauer Edward L $650,000 Chicago Title
Jarvis Robert C $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aixil Llc $577,500
Previous Owner Hogenauer Edward L $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2013 07/30/13 Sold $1,240,000 -8.1% $173 / Sq Ft
06/07/2013 06/07/13 Pending -- -- --
12/03/2012 12/03/12 For Sale $1,350,000 -- $189 / 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 $26,435 $2,742,700 $1,166,400 $1,576,300
2023 $21,731 $2,547,100 $1,166,400 $1,380,700
2022 $18,685 $2,547,100 $864,000 $1,683,100
2021 $15,521 $2,003,800 $864,000 $1,139,800
2020 $18,223 $1,567,500 $864,000 $703,500
2018 $14,671 $1,667,300 $864,000 $803,300
2017 $13,818 $1,455,800 $864,000 $591,800
2016 $13,681 $1,420,300 $820,800 $599,500
2015 $12,097 $1,376,600 $734,400 $642,200
2014 -- $1,243,900 $648,000 $595,900
2013 -- $1,254,900 $518,400 $736,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller Co-Listing Agent in 2013

    Jay Young

    Real Property Associates

    (206) 930-2455

    10 Total Sales

    Jay Young
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 428010

Northwest Multiple Listing Service (NWMLS)

APN: 882390-1340

Washington King County Seattle 98105 University District

1804 NE 50th St, Seattle, WA

This home is located at 1804 NE 50th St, Seattle, WA 98105 since 03 December 2012 and is currently estimated at $2,972,767, approximately $415 per square foot. This property was built in 1912. 1804 NE 50th St is a home located in King County with nearby schools including Laurelhurst Elementary School, Eckstein Middle School, and Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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