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

Sale Details

Date 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

  • 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
  • Structure Type: Multi Family
  • 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2019
Closed on
Nov 15, 2019
Sold by
Bought by
Seller's Agent
Cathy Jeney
Paragon Real Estate Advisors
List Price
$4,500,000
Sold Price
$4,527,500
Premium/Discount to List
$27,500
0.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
0.0365%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0587%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 1990
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,527,500 Stewart Title Guaranty Co
$1,343,600 Old Republic T
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,500,000
Previous Owner $2,300,000
Previous Owner $1,450,000
Previous Owner $1,100,000
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $38,805 $3,786,000 $1,683,000 $2,103,000
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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