Listed by Berkshire Hathaway HS NW, Bought with Windermere West Metro
NOT LISTED FOR SALE

1922 Ferry Ave SW Seattle, WA 98116

North Admiral Neighborhood

Estimated Value: $1,106,487 - $1,167,000

3 Beds
1 Bath
4,162 Sq Ft
$273/Sq Ft Est. Value

Last Sold June 05, 2015

Last sale price $715,000 $172 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,838/month

52 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Partially Fenced Property
  • Lafayette Elementary School Rated A-
  • Property is in very good condition
  • 1-minute walk to California Place Park

About This Home

As of June 2015

Rarely found 4 unit apartment building in the heart of the North Admiral, high rent district of West Seattle. 2,081 sq. foot basement offers room to expand (LR3 zoned 6,200 sq. foot lot), coin-op laundry facility and tenant storage. Exposed oak hardwood floors in every unit. Dated, but well maintained with zero vacancy. Long term tenants (14 & 6 years) are given below market rents. Market rate rents of $1,195, $1,150, $1,150 & $1,195 would increase GSI to $56,280 and raise cap rate to 5.6%

Last Agent to Sell the Property

Craig Roberts

Berkshire Hathaway HS NW License #32076 Listed on: 04/13/2015

Berkshire Hathaway HS NW

Last Buyer's Agent

Cara Mohammadian

Windermere West Metro License #27025

Windermere West Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 770570

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,397

Year Built

  • Built in 1943

Lot Details

  • 6,200 Sq Ft Lot
  • Lot Dimensions are 52 x 131 x 49 x 34 x 191
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • City
  • Limited

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,162 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

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

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Wsl&I Cos 2Nd Plat Condos
  • North Admiral Subdivision

Listing and Financial Details

  • Legal Lot and Block 8-9 / 56
  • Assessor Parcel Number 9274203820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,397

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1943
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: WSL&I Cos 2nd Plat
  • New Construction: No
  • CalculatedSquareFootage: 4162
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 356

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Sewer Connected, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 3434

Schools

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

Lot Info

  • Parcel Number: 9274203820
  • Lot Size Acres: 0.1423
  • Lot Size: 52 X 131 X 49 X 34 X 191
  • Lot Size Sq Ft: 6200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family
  • LotNumber: 8-9

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 3445

Multi Family

  • Gross Scheduled Income: 41340
  • Net Operating Income: 28682
  • Number Of Units Total: 4
  • Insurance Expense: 937
  • Leasable Area: 4162
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 6397

MLS Schools

  • Elementary School: Lafayette

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2022
Sold by
Murat Yanar Serif and Murat Kimberly R
Bought by
Kong Suk Kyu and Kim Adeline
Current Estimated Value
$1,090,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Outstanding Balance
$899,665
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$199,043

Purchase Details

Closed on
Mar 1, 2018
Sold by
Admiral Homes Llc
Bought by
Yanar Serif Murat and Boltz Kimberly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
4.04%

Purchase Details

Closed on
Sep 24, 2015
Sold by
Henry Donald E
Bought by
Admiral Homes Llc

Purchase Details

Closed on
Apr 19, 1984
Sold by
Henry Scott E
Bought by
Henry Donald E and Henry Benita A
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
Kong Suk Kyu $1,175,000 Rainier Title Company
Yanar Serif Murat $900,000 Stewart Title
Admiral Homes Llc $715,000 Stewart Title
Henry Donald E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kong Suk Kyu $940,000
Previous Owner Yanar Serif Murat $436,419
Previous Owner Yanar Serif Murat $460,000
Previous Owner Homes Llc $1,420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2015 06/05/15 Sold $715,000 -15.9% $172 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $850,000 -- $204 / 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 $9,807 $1,039,000 $383,000 $656,000
2023 $9,003 $967,000 $354,000 $613,000
2022 $8,495 $980,000 $343,000 $637,000
2021 $7,867 $937,000 $316,000 $621,000
2020 $8,350 $822,000 $358,000 $464,000
2018 $21,919 $942,000 $358,000 $584,000
2017 $7,473 $587,300 $203,300 $384,000
2016 $7,147 $738,000 $620,000 $118,000
2015 -- $691,000 $558,000 $133,000
2014 -- $580,000 $496,000 $84,000
2013 -- $558,000 $496,000 $62,000
Source: Public Records

Agents Affiliated with this Home

  • Craig Roberts

    Seller's Agent in 2015

    Craig Roberts

    Berkshire Hathaway HomeServices Northwest Real Estate

    (206) 406-3196

    9 in this area

    105 Total Sales

    Section Image
  • Cara Mohammadian

    Buyer's Agent in 2015

    Cara Mohammadian

    Windermere Corporate

    (206) 650-9554

    4 in this area

    87 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 770570

Northwest Multiple Listing Service (NWMLS)

APN: 927420-3820

Washington King County Seattle 98116 North Admiral

1922 Ferry Ave SW, Seattle, WA

This home is located at 1922 Ferry Ave SW, Seattle, WA 98116 since 13 April 2015 and is currently estimated at $1,137,622, approximately $273 per square foot. This property was built in 1943. 1922 Ferry Ave SW is a home located in King County with nearby schools including Lafayette Elementary School, Madison Middle School, and West Seattle 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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