Listed by Urban Commercial Partners, LLC, Bought with Windermere R.E. Shoreline
NOT LISTED FOR SALE

Estimated Value: $1,876,223

4 Beds
1 Bath
-- Sq Ft
4,522 Sq Ft Lot

Last Sold October 25, 2022

Last sale price $1,700,000

Est. 10% increase in value since last sale

Current estimated payment $11,154/month

15 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 2-minute walk to Ravenna-Eckstein Park
  • Bryant Elementary School Rated A

About This Home

As of October 2022

Rare Opportunity to purchase a Mixed-Use asset in the heart of the Ravenna Commercial District. Building is set up for Retail, Office and Residential Use including 2-car garage. Layout provides owner to occupy entire building, or occupy a portion and lease the balance for additional income. Strong historic occupancy with full market rents. Property is currently vacant allowing for owner or investor flexibility. 4,522 SF Lot zoned NC2-55(M) allows for development potential. Close to UW, Roosevelt Light Rail, Shops, Restaurants & More. Must see!

Last Agent to Sell the Property

Pat Suarez

Urban Commercial Partners, LLC License #17191 Listed on: 08/09/2022

Last Buyer's Agent

Leif Stenfjord

Windermere R.E. Shoreline License #1152

Windermere R.E. Shoreline

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1981109

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,078

Year Built

  • Built in 1922

Lot Details

  • 4,522

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Parking

  • 3 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • 2-Story Property
  • 4,522 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Ravenna Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2038500110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,078

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1922
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 1,062

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Electricity Available
  • HeatingCoolingType: Forced Air
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2038500110
  • Lot Size Acres: 0.1038
  • Lot Size Sq Ft: 4522
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR

Green Features

  • Power Production Type: Electric

Rental Info

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

Tax Info

  • Year: 2022
  • Tax Annual Amount: 13078

Multi Family

  • Leasable Area: 3436
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Oct 19, 2022
Sold by
Z & Z Llc
Bought by
Roots Community Church Seattle
Seller's Agent
Pat Suarez
Urban Commercial Partners, LLC
Buyer's Agent
Leif Stenfjord
Windermere R.E. Shoreline
List Price
$1,750,000
Sold Price
$1,700,000
Premium/Discount to List
-$50,000
-2.86%
Current Estimated Value
$1,876,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,223
Avg. Annual Appreciation
1.38%
Original Mortgage
$1,350,000
Outstanding Balance
$1,308,913
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$459,270

Purchase Details

Closed on
Dec 22, 2004
Sold by
Lanz Bernard G and Kohtz Karen Jean
Bought by
Z&Z Llc

Purchase Details

Closed on
Dec 24, 2003
Sold by
Kohtz Karen Jean
Bought by
Lanz Bernard G

Purchase Details

Closed on
Sep 8, 1995
Sold by
Bonjour Laurence Alan and Baker Ann
Bought by
Kohtz Karen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.88%
Mortgage Type
Commercial
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
Roots Community Church Seattle $1,700,000 Chicago Title
Z&Z Llc -- --
Lanz Bernard G -- --
Kohtz Karen J $172,000 Old Republic Title Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roots Community Church Seattle $1,350,000
Previous Owner Lanz Bernard G $490,000
Previous Owner Kohtz Karen J $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $1,700,000 -2.9% --
08/24/2022 08/24/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $1,750,000 -- --
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 $12,122 $1,448,000 $1,447,000 $1,000
2023 $12,122 $1,448,000 $1,447,000 $1,000
2022 $13,078 $1,402,800 $1,401,800 $1,000
2021 $13,708 $1,402,800 $1,401,800 $1,000
2020 $9,376 $1,402,800 $1,401,800 $1,000
2018 $7,800 $912,800 $813,900 $98,900
2017 $6,724 $761,200 $633,000 $128,200
2016 $6,416 $675,600 $633,000 $42,600
2015 $5,990 $630,500 $587,800 $42,700
2014 -- $603,000 $452,200 $150,800
2013 -- $603,000 $429,500 $173,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1981109

Northwest Multiple Listing Service (NWMLS)

APN: 203850-0110