Listed by Lee & Associates Commercial RE, Bought with KW Greater Seattle
NOT LISTED FOR SALE
1 Bed
1 Bath
4,200 Sq Ft
4,990 Sq Ft Lot

Last Sold July 25, 2024

Last sale price $4,000,000 $952 Per Sq Ft

249 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Forced Air Heating System
  • Daniel Bagley Elementary School Rated A-
  • Property is near a preserve or public land
  • Baseboard Heating

About This Home

As of July 2024

Situated in Seattle’s Green Lake neighborhood, the property is just steps to Green Lake Park and popular neighborhood retail. Constructed in 1955, this 12 unit building consist of five studio and seven 1-bedroom units with an average of 350 SF. While the building has been well-maintained and improved throughout the course of ownership, all units have been fully renovated. Improvements consist of new granite countertops, new LVT flooring, new appliances and even new common washer dryers.

Last Agent to Sell the Property

Chris Larsen

Lee & Associates Commercial RE License #21016669 Listed on: 06/07/2023

Co-Listed By

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886

Last Buyer's Agent

Max Hoge

KW Greater Seattle License #21014469

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2077882

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,749

Year Built

  • Built in 1955

Lot Details

  • 4,990 Sq Ft Lot
  • Corner Lot

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces

Schools

  • Seattle Public Sch Elementary And Middle School
  • Seattle Public Sch High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 78Th Street Apartments Condos
  • Green Lake Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 2883200380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,749

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1955
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: 78th Street Apartments
  • New Construction: No
  • CalculatedSquareFootage: 4200
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: See Remarks
  • Lot Features: Adjacent to Public Land, Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: See Remarks
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking: No
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: Other – See Remarks
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Public
  • WaterCompany: Public
  • WaterSewerGarbage: 12000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch

Lot Info

  • Parcel Number: 2883200380
  • Lot Size Acres: 0.1146
  • Lot Size Sq Ft: 4990
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 18.5
  • LeasedItems: None
  • TotalMonthlyIncome: 20415

Multi Family

  • Gross Scheduled Income: 238080
  • Net Operating Income: 172063
  • Number Of Units Total: 12
  • Insurance Expense: 3600
  • Leasable Area: 7700
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 17
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 22749

MLS Schools

  • Elementary School: Seattle Public Sch

Range of Values:

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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
07/25/2024 07/25/24 Sold $4,000,000 -9.1% $952 / Sq Ft
02/11/2024 02/11/24 Pending -- -- --
12/12/2023 12/12/23 For Sale $4,400,000 +10.0% $1,048 / Sq Ft
12/07/2023 12/07/23 Off Market $4,000,000 -- --
10/14/2023 10/14/23 Price Changed $4,400,000 -37.1% $1,048 / Sq Ft
06/07/2023 06/07/23 For Sale $7,000,000 -- $1,667 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2077882

Northwest Multiple Listing Service (NWMLS)