Listed by Latitude Regenerative R.E., Bought with Keller Williams Seattle Metro
NOT LISTED FOR SALE

Estimated Value: $1,072,149 - $1,158,000

6 Beds
2 Baths
2,300 Sq Ft
$485/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $1,100,000 $478 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,682/month

12 Days on Market

Highlights

  • Softwood Flooring
  • Corner Lot
  • Wood Siding
  • Washington Middle School Rated A-
  • No HOA
  • 5-minute walk to Firehouse Mini Park

About This Home

As of August 2022

Legal Duplex in trendy Central District on a large RSL lot features two 3BR, 1BA TH apartments with full basements, parking & shared large private yard. Current rents below market rate, one side updated and remodeled, other side waiting for your vision. Opportunity to increase rents when tenants turn over. Leases in place through next June. Previous airbnb income on updated unit over 55K in 2019/2020. Design two new homes to take advantage of RSL zoning collecting rent while you plan! Inspection and sewer scope available upon request, as well as airbnb statements and leases. Seattle rental registration good through 2023. unit 2015 pics are both airbnb and current. LIMITED SHOWING SCHEDULE- 7/11 & 7/14 5-7:30PM

Last Agent to Sell the Property

Aly Tibbetts

Latitude Regenerative R.E. License #123781 Listed on: 07/07/2022

Latitude Regenerative R.E.

Last Buyer's Agent

Dale Wampler

Keller Williams Seattle Metro License #107995

Keller Williams Seattle Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1963627

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,650

Year Built

  • Built in 1906

Lot Details

  • 5,400 Sq Ft Lot
  • Corner Lot
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,300 Sq Ft Home
  • 3-Story Property
  • Softwood Flooring

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Bailey Gatzert Elementary School
  • Wash Mid Middle School
  • Garfield High School

Community Details

  • No Home Owners Association
  • Walla Walla Add Condos
  • Seattle Subdivision

Listing and Financial Details

  • Legal Lot and Block 1-2 / 5
  • Assessor Parcel Number 9126100430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,650

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1906
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Walla Walla Add
  • New Construction: No
  • CalculatedSquareFootage: 2300
  • Special Features: VirtualTour

Interior Features

  • Possible Use: See Remarks
  • Fireplace: No
  • Flooring: Softwood, Hardwood
  • Interior Amenities: Forced Air, Fir/Softwood, Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle PU
  • WaterCompany: Seattle PU
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 9126100430
  • Lot Size Acres: 0.124
  • Lot Size Sq Ft: 5400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: realist
  • ZoningClass: See Remarks
  • LotNumber: 1-2

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 21
  • LeasedItems: None
  • TotalMonthlyIncome: 4950

Multi Family

  • Gross Scheduled Income: 58200
  • Net Operating Income: 44068
  • Number Of Units Total: 2
  • Insurance Expense: 1300
  • Leasable Area: 2300
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 8650

MLS Schools

  • Elementary School: Bailey Gatzert

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 1, 2022
Sold by
Milazzo Jon H
Bought by
Kauffman Chris G and Pearson Joshua G
Seller's Agent
Aly Tibbetts
Latitude Regenerative R.E.
Buyer's Agent
Dale Wampler
Keller Williams Seattle Metro
List Price
$1,100,000
Sold Price
$1,100,000
Current Estimated Value
$1,116,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,037
Avg. Annual Appreciation
0.97%

Purchase Details

Closed on
Jun 25, 2007
Sold by
Neighborhood Development Corp
Bought by
Milazzo Jon H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 1999
Sold by
Tully Dennis and Tully Dorene R
Bought by
Neighborhood Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 10, 1999
Sold by
Neighborhood Development Corp
Bought by
Tully Dennis and Tully Dorene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.72%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kauffman Chris G $1,100,000 Commonwealth Land Title
Milazzo Jon H $455,000 Fidelity Natio
Neighborhood Development Corp -- --
Tully Dennis -- Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Milazzo Jon $329,100
Previous Owner Milazzo Jon $347,350
Previous Owner Milazzo Jon H $400,000
Previous Owner Neighborhood Development Corp $195,000
Previous Owner Tully Dennis $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2022 08/17/22 Sold $1,100,000 0.0% $478 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $1,100,000 -- $478 / 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 $9,454 $953,000 $694,000 $259,000
2023 $8,629 $927,000 $694,000 $233,000
2022 $8,658 $978,000 $599,000 $379,000
2021 $8,308 $907,000 $544,000 $363,000
2020 $8,023 $826,000 $492,000 $334,000
2018 $7,005 $817,000 $356,000 $461,000
2017 $5,596 $681,000 $304,000 $377,000
2016 $5,307 $557,000 $254,000 $303,000
2015 $4,629 $517,000 $236,000 $281,000
2014 -- $460,000 $182,000 $278,000
2013 -- $413,000 $174,000 $239,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1963627

Northwest Multiple Listing Service (NWMLS)

APN: 912610-0430