Listed by Keller Williams Realty Bothell, Bought with WPI Real Estate Services, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,116,000 - $1,365,000

4 Beds
3 Baths
2,670 Sq Ft
$484/Sq Ft Est. Value

Last Sold January 24, 2022

Last sale price $1,270,000 $476 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,538/month

93 Days on Market

Highlights

  • Territorial View
  • Softwood Flooring
  • 5-minute walk to Wallingford Playfield
  • B.F. Day Elementary School Rated A-
  • Wood Siding

About This Home

As of January 2022

Investor Alert! 5.81% Cap Rate Triplex opportunity in the heart of Wallingford! Never a vacancy & never a missed rent payment! Leases good thru 8/31/22 Ea unit consists of 3 bed 1 bath approx. 890sf. Off street parking. Completed major upgrades include new water line from the street, all new plumbing, new sewer line, electrical updated and balanced, new storage unit with common W/D, new roof, windows & gutters, new concrete driveway & sidewalk, new patio w/ fire pit, BBQ, new toilets & sinks, garbage disposals, new granite counter tops & new flooring in some areas. Excellent location near the University of Washington, Green Lake, Gas Works, Burke-Gilman Trail. Walking distance to the waterfront, shops & restaurants. Walking score of 92.

Last Agent to Sell the Property

Corey Crain

Keller Williams Realty Bothell License #26492 Listed on: 10/07/2021

Keller Williams Realty Bothell

Last Buyer's Agent

Tom Bates

WPI Real Estate Services, Inc. License #20113927

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1850809

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,730

Year Built

  • Built in 1923

Lot Details

  • 2,880 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,670 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Softwood
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Community Details

  • Wallingford Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4083302070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,730

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1923
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2670
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Softwood, Vinyl
  • Interior Amenities: Fir/Softwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 7200

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 4083302070
  • Lot Size Acres: 0.0661
  • Lot Size Sq Ft: 2880
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: None
  • TotalMonthlyIncome: 7900

Multi Family

  • Gross Scheduled Income: 94800
  • Net Operating Income: 75503
  • Number Of Units Total: 3
  • Insurance Expense: 971
  • Leasable Area: 2670
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7730
  • AdditionalTaxIds: 4083302070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2018
Sold by
Nabingor Chris
Bought by
Nabingor Chris and Nabingor Julia
Current Estimated Value
$1,292,146

Purchase Details

Listed on
Jan 25, 2015
Closed on
Jun 1, 2015
Sold by
Nabinger Julia Y
Bought by
Nabinger Chris
Seller's Agent
Mark Foley
RE/MAX Metro Realty, Inc.
Buyer's Agent
James Redmond
COMPASS
List Price
$610,000
Sold Price
$588,500
Premium/Discount to List
-$21,500
-3.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$470,800
Outstanding Balance
$361,903
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$930,243

Purchase Details

Listed on
Jan 25, 2015
Closed on
Apr 7, 2015
Sold by
Hsu Nancy
Bought by
Nabinger Chris and Nabinger Julia Y
Seller's Agent
Mark Foley
RE/MAX Metro Realty, Inc.
Buyer's Agent
James Redmond
COMPASS
List Price
$610,000
Sold Price
$588,500
Premium/Discount to List
-$21,500
-3.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,800
Outstanding Balance
$361,903
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$930,243
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
Nabingor Chris -- None Available
Nabinger Chris -- None Available
Nabinger Chris $588,500 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nabinger Chris $470,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2022 01/24/22 Sold $1,270,000 -2.3% $476 / Sq Ft
01/08/2022 01/08/22 Pending -- -- --
11/17/2021 11/17/21 For Sale $1,299,500 0.0% $487 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/14/2021 11/14/21 For Sale $1,299,500 0.0% $487 / Sq Ft
10/18/2021 10/18/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $1,299,500 +120.8% $487 / Sq Ft
04/15/2015 04/15/15 Sold $588,500 -3.5% $220 / Sq Ft View Prior Sale
02/12/2015 02/12/15 Pending -- -- --
01/25/2015 01/25/15 For Sale $610,000 -- $228 / 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 $8,252 $852,000 $381,000 $471,000
2023 $8,397 $885,000 $374,000 $511,000
2022 $7,865 $989,000 $340,000 $649,000
2021 $7,732 $852,000 $300,000 $552,000
2020 $7,765 $796,000 $206,000 $590,000
2018 $7,239 $833,000 $218,000 $615,000
2017 $6,377 $730,000 $191,000 $539,000
2016 $5,936 $664,000 $174,000 $490,000
2015 $5,055 $603,000 $159,000 $444,000
2014 -- $524,000 $143,000 $381,000
2013 -- $460,000 $126,000 $334,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1850809

Northwest Multiple Listing Service (NWMLS)

APN: 408330-2070