Listed by Lake Pointe Realty, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

Estimated Value: $1,725,000 - $1,865,046

-- Bed
-- Bath
3,600 Sq Ft
$499/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $1,850,000 $514 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,584/month

68 Days on Market

Highlights

  • Rooftop Deck
  • City View
  • Thermal Windows
  • Stevens Elementary School Rated A-
  • Corner Lot
  • 3-minute walk to Miller Triangle

About This Home

As of October 2021

Prime Boutique Building featuring covered parking, Security door with intercom. 5-private decks. Each unit has washer, dryer, Dishwasher ground floor is 1 bedroom with easy parking , 2nd floor is 2bed with hardwood floors and two private decks, 3rd-4th floor are large (2)two story units, 975 square feet each with balcony`s off living rooms and main bedroom. Undercover carport parking for 3. Easy to rent. Never vacant. Tenants have been long term with low turnover. Close to Safeway, Starbucks, public transportation Building just painted. Excellent property for 1031 Exchange.

Last Agent to Sell the Property

Ian Macdonald

Lake Pointe Realty License #12567 Listed on: 07/08/2021

Last Buyer's Agent

Yang Xiao

Coldwell Banker Bain License #22029117

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1804993

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,913

Year Built

  • Built in 1999

Lot Details

  • 3,209 Sq Ft Lot
  • Lot Dimensions are 59.71x53.55x59.70x53.80
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Property Views

  • City
  • Mountain
  • Territorial
  • Limited

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 3,600 Sq Ft Home
  • 4-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Rooftop Deck
  • Outbuilding

Schools

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

Utilities

  • Cable TV Available

Community Details

  • Witts Addition To Seattle Condos
  • Capitol Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 9497700050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,913

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1999
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Witts addition to Seattle
  • New Construction: No
  • CalculatedSquareFootage: 3600
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Laminate, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: City, Mountain(s), Partial, Territorial
  • Lot Features: Corner Lot, Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 4948

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 9497700050
  • Lot Size Acres: 0.0737
  • Lot Size: 59.71X53.55X59.70X53.80
  • Lot Size Sq Ft: 3209
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Outbuildings,Rooftop Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • LotNumber: 1

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 7450

Multi Family

  • Gross Scheduled Income: 87612
  • Net Operating Income: 63176
  • Number Of Units Total: 4
  • Electric Expense: 150
  • Insurance Expense: 1425
  • Leasable Area: 3600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 17913

MLS Schools

  • Elementary School: Seattle Public Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Oct 12, 2021
Sold by
Executive Properties Inc
Bought by
Fresh Off Boat Inc
Seller's Agent
Ian Macdonald
Lake Pointe Realty
Buyer's Agent
Yang Xiao
Coldwell Banker Bain
List Price
$1,985,000
Sold Price
$1,850,000
Premium/Discount to List
-$135,000
-6.8%
Current Estimated Value
$1,795,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$54,977
Avg. Annual Appreciation
0.91%
Original Mortgage
$1,480,000
Outstanding Balance
$1,364,181
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$553,669

Purchase Details

Closed on
Nov 8, 2006
Sold by
Rubio Ramiro
Bought by
Executive Properties Inc

Purchase Details

Closed on
May 25, 1999
Sold by
Genesis Builders Inc
Bought by
Rubio Ramiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.86%

Purchase Details

Closed on
Feb 19, 1997
Sold by
Allen Wendy C
Bought by
Genesis Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
7.86%
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
Fresh Off Boat Inc $1,850,000 Old Republic Title Ltd
Executive Properties Inc $875,000 Chicago Title
Rubio Ramiro $475,000 Chicago Title Insurance Co
Genesis Builders Inc $50,000 Chicago Title Insurance Co
Genesis Builders Inc $50,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fresh Off Boat Inc $1,480,000
Previous Owner Rubio Ramiro $380,000
Previous Owner Genesis Builders Inc $37,500
Closed Rubio Ramiro $47,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $1,850,000 -2.6% $514 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/02/2021 09/02/21 Price Changed $1,900,000 -2.6% $528 / Sq Ft
08/04/2021 08/04/21 Price Changed $1,950,000 -1.8% $542 / Sq Ft
07/08/2021 07/08/21 For Sale $1,985,000 -- $551 / 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 $12,808 $1,327,000 $1,026,800 $300,200
2023 $13,085 $1,581,000 $1,026,800 $554,200
2022 $14,570 $1,547,000 $802,200 $744,800
2021 $17,913 $1,594,000 $802,200 $791,800
2020 $16,021 $1,874,000 $994,700 $879,300
2018 $14,105 $1,477,000 $577,600 $899,400
2017 $11,726 $1,436,000 $577,600 $858,400
2016 $9,685 $1,231,000 $352,900 $878,100
2015 -- $988,000 $352,900 $635,100
2014 -- $847,000 $352,900 $494,100
2013 -- $786,000 $352,900 $433,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1804993

Northwest Multiple Listing Service (NWMLS)

APN: 949770-0050