NOT LISTED FOR SALE

Estimated Value: $1,888,000 - $2,963,000

5 Beds
5 Baths
4,300 Sq Ft
$537/Sq Ft Est. Value

Last Sold September 25, 2017

Last sale price $1,852,000 $431 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $14,404/month

8 Days on Market

Highlights

  • 0.17 Acre Lot
  • Mountain View
  • Property is in very good condition
  • Coe Elementary School Rated A
  • Deck
  • 2-minute walk to West Queen Anne Playfield

About This Home

As of September 2017

Triplex-Located on top of Queen Anne,overlooking Playfield,Market Cap 4.8%,surrounded by million dollar homes. Perfect low risk investment or owner occupied building. 3 Garages+3 parking spots,increase income immediately to market rent & with minimal renovation rents could be increased over 20%.3-bedroom apartments are uniquely large, two are approx. 1,650 SQft. All 3 units W/secured entry,dishwashers,skylights,decks,large windows w/territorial views,large bedrooms,large living & dining areas.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 08/15/2017

Skyline Properties, Inc.

Co-Listed By

Dan Swanson

Kidder Mathews License #13533

Last Buyer's Agent

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 08/15/2017

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1177531

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,263

Year Built

  • Built in 1971

Lot Details

  • 7,200 Sq Ft Lot
  • Property is in very good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,300 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4232900610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,263

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1971
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4300
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 301

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: City
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 5343

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 4232900610
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 7342

Multi Family

  • Gross Scheduled Income: 88102
  • Net Operating Income: 61393
  • Number Of Units Total: 3
  • Insurance Expense: 1600
  • Leasable Area: 4300
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 13263

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2021
Sold by
Park View Triplex Llc
Bought by
Moorman Ralph E
Current Estimated Value
$2,310,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Outstanding Balance
$1,224,695
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$1,053,770

Purchase Details

Listed on
Aug 15, 2017
Closed on
Sep 24, 2017
Sold by
Olsoe Mark and Olsoe Family B Trust
Bought by
Park View Triplex Llc
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Donna Marshall
Skyline Properties, Inc.
List Price
$1,650,000
Sold Price
$1,852,000
Premium/Discount to List
$202,000
12.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.71%

Purchase Details

Closed on
Sep 29, 2005
Sold by
Olsoe Family Trust and Olsoe Edwin
Bought by
Olsoe Family B Trust and Olsoe Clara O
Source: Public Records

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Range of Values:

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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
Moorman Ralph E -- First American Title
Park View Triplex Llc $1,851,400 Fidelity National Title
Olsoe Family B Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moorman Ralph E $1,295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2017 09/25/17 Sold $1,852,000 +12.2% $431 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $1,650,000 -- $384 / 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 $18,385 $1,854,000 $1,046,000 $808,000
2023 $16,934 $1,735,000 $1,046,000 $689,000
2022 $18,123 $1,878,000 $1,107,000 $771,000
2021 $17,323 $1,929,000 $1,020,000 $909,000
2020 $17,959 $1,751,000 $937,000 $814,000
2018 $14,822 $1,693,000 $1,000,000 $693,000
2017 $13,263 $1,464,000 $865,000 $599,000
2016 $9,935 $1,353,000 $804,000 $549,000
2015 $8,166 $975,000 $605,000 $370,000
2014 -- $813,000 $484,000 $329,000
2013 -- $822,000 $457,000 $365,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1177531

Northwest Multiple Listing Service (NWMLS)

APN: 423290-0610