Listed by Skyline Properties, Inc.
NOT LISTED FOR SALE

1914 Ferry Ave SW Unit 1-9 Seattle, WA 98116

North Admiral Neighborhood
-- Bed
-- Bath
5,208 Sq Ft
9,563 Sq Ft Lot

Last Sold December 09, 2016

Last sale price $1,800,000 $346 Per Sq Ft

33 Days on Market

Highlights

  • Views of a Sound
  • Patio
  • 1-minute walk to California Place Park
  • Lafayette Elementary School Rated A-

About This Home

As of December 2016

Seattle Sound View, Income Opportunity + Future Development, 9 units in West Seattle,captivating view of the Puget Sound&Downtown Seattle Skyline.Future appreciation. Professionally managed. Market Cap Rate 5.1%,The Bayview is situated on a LR3 zoned lot within an urban village. Potential to be redeveloped into 24 apartments or 9 townhomes. Feasibility Study Complete,Walking Distance to shopping,Beach,Restaurants,City Bus, Ferry,Long term tenants, Low Maintenance,Low Vacancy Rate In area.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 10/18/2016

Skyline Properties, Inc.

Co-Listed By

Dan Swanson

Kidder Mathews License #13533

Last Buyer's Agent

Dan Swanson

Kidder Mathews License #13533

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1041257

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,143

Year Built

  • Built in 1953

Lot Details

  • 9,563 Sq Ft Lot
  • Property is in good condition

Property Views

  • Views of a Sound
  • Bay
  • City
  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 5,208 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Lafayette Elementary School
  • Madison Mid Middle School
  • West Seattle High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Admiral Subdivision

Listing and Financial Details

  • Legal Lot and Block 5,6,7 / 56
  • Assessor Parcel Number 9274203805

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,143

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1953
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5208
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Hot Water Recirc Pump, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s), Sound, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Oil
  • PowerCompany: city of seattle
  • SewerCompany: city of seattle
  • WaterCompany: City of seattle
  • WaterSewerGarbage: 14010

Schools

  • Junior High Dist: Seattle
  • High School: West Seattle High
  • Middle Or Junior School: Madison Mid

Lot Info

  • Parcel Number: 9274203805
  • Lot Size Acres: 0.2195
  • Lot Size Sq Ft: 9563
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family
  • LotNumber: 5,6,7

Green Features

  • Power Production Type: Oil

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 10976

Multi Family

  • Gross Scheduled Income: 131712
  • Net Operating Income: 82560
  • Number Of Units Total: 9
  • Insurance Expense: 2660
  • Leasable Area: 9000
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 13143

MLS Schools

  • Elementary School: Lafayette

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2016 12/09/16 Sold $1,800,000 -6.7% $346 / Sq Ft
11/21/2016 11/21/16 Pending -- -- --
10/18/2016 10/18/16 For Sale $1,930,000 -- $371 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1041257

Northwest Multiple Listing Service (NWMLS)