Listed by Windermere Real Estate Co., Bought with Essential Realty
NOT LISTED FOR SALE

Estimated Value: $1,540,000 - $1,603,000

6 Beds
3 Baths
2,700 Sq Ft
$579/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $1,460,000 $541 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,483/month

18 Days on Market

Highlights

  • Lake View
  • 0.08 Acre Lot
  • Engineered Wood Flooring
  • John Hay Elementary School Rated A
  • Deck
  • Corner Lot

About This Home

As of November 2021

Opportunity to acquire prime Lake Union multifamily property in thriving Dexter corridor of Westlake, half a mile from Facebook, equidistant from the Fremont and SLU tech hubs, and blocks from Seattle’s most alluring recreational and cultural resources. 3500 SF corner lot contains existing 2700 SF legal triplex comprising three spacious 2BR/1BA apartments with attractive mid-century architecture, covered parking, private decks/patios, and large-format picture windows for abundant light and lake views. Occupy as rare multigenerational compound; take advantage of proximity to tech employers to generate market-appropriate rent increase; or investigate feasibility of leveraging LR-3 (M) zoning to develop 3-4 townhouses for lease or sale.

Last Agent to Sell the Property

Keith Reed

Windermere Real Estate Co. License #135403 Listed on: 09/24/2021

Windermere Real Estate Co.

Co-Listed By

Edward Krigsman

Windermere Real Estate Co. License #2270

Last Buyer's Agent

Aaron Sun

Essential Realty License #26896

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1844748

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,216

Year Built

  • Built in 1967

Lot Details

  • 3,500 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Parking

  • 3 Parking Spaces

Property Views

  • Lake
  • City
  • Territorial

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property

Flooring

  • Engineered Wood
  • Bamboo
  • Laminate
  • Ceramic Tile
  • Vinyl Plank

Outdoor Features

  • Deck
  • Patio

Schools

  • John Hay Elementary School
  • Mc Clure Mid Middle School
  • Ballard High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Westlake Blvd Add Condos
  • Westlake Subdivision

Listing and Financial Details

  • Legal Lot and Block 14-15 / 9
  • Assessor Parcel Number 9301300945

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,216

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1967
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Westlake Blvd Add
  • New Construction: No
  • CalculatedSquareFootage: 2700
  • Special Features: None
  • Cumulative Days on Market: 385

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Bamboo/Cork, Ceramic Tile, Engineered Hardwood, Laminate, Vinyl Plank
  • Interior Amenities: Ceramic Tile, Bamboo/Cork, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

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

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 3396

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Mc Clure Mid

Lot Info

  • Parcel Number: 9301300945
  • Lot Size Acres: 0.0803
  • Lot Size Sq Ft: 3500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: King County Accessors Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 14-15

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 6300

Multi Family

  • Gross Scheduled Income: 75600
  • Net Operating Income: 53548
  • Number Of Units Total: 3
  • Electric Expense: 600
  • Insurance Expense: 1403
  • Leasable Area: 2700
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 10216

MLS Schools

  • Elementary School: John Hay Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Nov 10, 2021
Sold by
Strickler Howard T and Strickler Vivienne G
Bought by
Zhang Haiyu and Sun Xi
Seller's Agent
Keith Reed
Windermere Real Estate Co.
Buyer's Agent
Aaron Sun
Essential Realty
List Price
$1,200,000
Sold Price
$1,460,000
Premium/Discount to List
$260,000
21.67%
Current Estimated Value
$1,563,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,545
Avg. Annual Appreciation
1.31%
Original Mortgage
$1,095,000
Outstanding Balance
$1,014,103
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$520,425

Purchase Details

Closed on
Jun 26, 1999
Sold by
Root Connie J
Bought by
Strickler Howard T and Strickler Vivienne G

Purchase Details

Closed on
Jan 7, 1994
Sold by
Stadler Hilde B
Bought by
Root Connie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.38%
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
Zhang Haiyu $1,460,000 Chicago Title
Strickler Howard T $425,000 Evergreen Title Company Inc
Root Connie J $230,000 Transamerica Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Haiyu $1,095,000
Previous Owner Strickler Howard T $237,172
Previous Owner Root Connie J $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $1,460,000 +21.7% $541 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $1,200,000 -- $444 / 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 $12,361 $1,260,000 $661,000 $599,000
2023 $12,135 $1,261,000 $661,000 $600,000
2022 $10,688 $1,365,000 $700,000 $665,000
2021 $10,216 $1,138,000 $571,000 $567,000
2020 $10,600 $1,033,000 $525,000 $508,000
2018 $9,330 $1,070,000 $561,000 $509,000
2017 $8,350 $925,000 $485,000 $440,000
2016 $6,875 $855,000 $451,000 $404,000
2015 $5,642 $682,000 $257,000 $425,000
2014 -- $569,000 $206,000 $363,000
2013 -- $575,000 $195,000 $380,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1844748

Northwest Multiple Listing Service (NWMLS)

APN: 930130-0945