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

Estimated Value: $1,790,575

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

Sale Details

Date Sold: October 25, 2022

Last sale price $1,700,000

Est. 5% increase in value since last sale

Current estimated payment $10,842 / mo

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)

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

  • 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

4,522 Sq Ft Lot

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
  • Structure Type: Duplex
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

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

Garage/Parking

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

Utilities

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

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

  • EnergySource: Electric
  • 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 9, 2022
Closed on
Oct 19, 2022
Sold by
Bought by
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
$1,790,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,575
Avg. Annual Appreciation
1.39%
Original Mortgage
$1,350,000
Outstanding Balance
$1,282,778
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$507,797

Purchase Details

Closed on
Dec 22, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 24, 2003
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ravenna, WA

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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
$1,700,000 Chicago Title
-- --
-- --
$172,000 Old Republic Title Ltd
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 $1,350,000
Previous Owner $490,000
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
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

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 -- $1,448,000 $1,447,000 $1,000
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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1981109

Northwest Multiple Listing Service (NWMLS)

APN: 203850-0110

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