Listed by Paragon Real Estate Advisors, Bought with Pilot Ventures LLC
NOT LISTED FOR SALE

1928 43rd Ave E Seattle, WA 98112

Madison Park Neighborhood
4 Beds
6 Baths
9,703 Sq Ft
5,063 Sq Ft Lot

Last Sold May 19, 2014

Last sale price $4,025,000 $415 Per Sq Ft

56 Days on Market

Highlights

  • Lake View
  • McGilvra Elementary School Rated A
  • 2-minute walk to Madison Park

About This Home

As of May 2014

Constructed in 1921, the property takes advantage of the triangular lot with west facing retail and south facing residential. Residential units are treated to unobstructed views of Lake Washington, Madison Park beach, and Mount Rainier. Over the last couple of years, the owner has renovated a number of residential units. Select units feature marble counter tops, stainless steel appliances, bamboo floors, and fireplaces. Commercial tenants are indicative of the strong boutique retail market.

Last Agent to Sell the Property

Eric Smith

Paragon Real Estate Advisors License #3434 Listed on: 01/23/2014

Last Buyer's Agent

Jason Kono

Pilot Ventures LLC License #79925

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 585272

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,845

Year Built

  • Built in 1921

Lot Details

  • 5,063 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Stucco
  • Wood Composite

Interior Spaces

  • 9,703 Sq Ft Home
  • 3-Story Property
  • Lake Views

Community Details

  • Madison Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5319100345

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,845

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1921
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 9703
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Retail
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: Lake
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Stucco, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5319100345
  • Lot Size Acres: 0.1162
  • Lot Size Sq Ft: 5063
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family,Retail

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 20547

Tax Info

  • Year: 2013
  • Tax Annual Amount: 21845

Multi Family

  • Number Of Units Total: 14
  • UnitsBelowGrade: true

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2014 05/19/14 Sold $4,025,000 -10.6% $415 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
01/23/2014 01/23/14 For Sale $4,500,000 -- $464 / 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 $46,639 $4,959,000 $1,652,000 $3,307,000
2023 $48,788 $5,558,000 $1,652,000 $3,906,000
2022 $47,154 $5,898,000 $1,372,000 $4,526,000
2021 $53,219 $5,244,000 $1,372,000 $3,872,000
2020 $49,372 $5,630,000 $1,372,000 $4,258,000
2018 $43,921 $5,121,000 $1,008,000 $4,113,000
2017 $36,876 $4,526,000 $980,000 $3,546,000
2016 $35,330 $3,924,000 $728,000 $3,196,000
2015 -- $3,668,000 $728,000 $2,940,000
2014 -- $2,750,000 $658,100 $2,091,900
2013 -- $2,511,000 $658,100 $1,852,900
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Eric Smith

    Paragon Real Estate Advisors

  • J

    Buyer's Agent in 2014

    Jason Kono

    Pilot Ventures LLC

    (206) 566-6600

    4 Total Sales

    Jason Kono
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 585272

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98112 Madison Park

1928 43rd Ave E, Seattle, WA

Not Listed for Sale

MultiFamily

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Based on information submitted to the MLS GRID

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