Listed by Paragon Real Estate Advisors
NOT LISTED FOR SALE
-- Bed
-- Bath
10,800 Sq Ft
6,600 Sq Ft Lot

Last Sold November 19, 2019

Last sale price $4,527,500 $419 Per Sq Ft

15 Days on Market

Highlights

  • 0.15 Acre Lot
  • Wood Siding
  • 3-minute walk to I-5 Bike Park
  • Montlake Elementary School Rated A

About This Home

As of November 2019

Extensive value add opportunity in an A+ Eastlake location. The Penn Apartments offer 10 spacious corner units with private patios and views of the lake and skyline. Building also offers 4 highly sought-after garage spaces and 7 open parking spaces. Walk to both the CBD and SLU employment centers and enjoy uncountable neighborhood amenities.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 08/05/2019

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1501194

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,036

Year Built

  • Built in 1968

Lot Details

  • 6,600 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 10,800 Sq Ft Home
  • 3-Story Property

Parking

  • 11 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Community Details

  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2902200085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,036

Year Built

Built in 1968

Lot Details

6,600 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1968
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 10800
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 11

Utilities

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

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2902200085
  • Lot Size Acres: 0.1515
  • Lot Size Sq Ft: 6600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 22080

Tax Info

  • Year: 2019
  • Tax Annual Amount: 30036

Multi Family

  • Number Of Units Total: 10
  • UnitsBelowGrade: false
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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
11/19/2019 11/19/19 Sold $4,527,500 +0.6% $419 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
08/05/2019 08/05/19 For Sale $4,500,000 -- $417 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $34,245 $3,591,000 $1,782,000 $1,809,000
2023 $35,818 $4,121,000 $1,782,000 $2,339,000
2022 $33,759 $4,281,000 $1,584,000 $2,697,000
2021 $42,082 $3,710,000 $1,584,000 $2,126,000
2020 $35,399 $4,419,000 $1,716,000 $2,703,000
2018 $31,316 $3,528,000 $1,320,000 $2,208,000
2017 $29,571 $3,196,000 $924,000 $2,272,000
2016 $23,642 $3,123,000 $627,000 $2,496,000
2015 -- $2,426,000 $627,000 $1,799,000
2014 -- $2,172,000 $627,000 $1,545,000
2013 -- $1,900,000 $627,000 $1,273,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1501194

Northwest Multiple Listing Service (NWMLS)
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