Listed by The Foundation Group LLC, Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

Estimated Value: $746,000 - $970,000

2 Beds
2 Baths
1,500 Sq Ft
$581/Sq Ft Est. Value

Last Sold April 29, 2021

Last sale price $766,500 $511 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,378/month

25 Days on Market

Highlights

  • Lake View
  • 0.07 Acre Lot
  • Wood Siding
  • John Hay Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Westlake Greenbelt

About This Home

As of April 2021

The 2022 8th Ave N duplex was built in 1905 and has old-Seattle bungalow appeal. The property consists of two large 1 bedroom/1 bath units with large decks facing Lake Union and unique built in shelving and storage. The units are currently vacant which gives a new owner the opportunity to renovate the units to accentuate their unique layout. Amenities include a shared washer/dryer with independent access and one parking space.

Last Agent to Sell the Property

Aaron Locke

The Foundation Group LLC License #107646 Listed on: 11/19/2020

Co-Listed By

Ethan Szmania

The Foundation Group LLC License #125178

Last Buyer's Agent

Derik Strattan

Kelly Right RE of Seattle LLC License #138420

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1691448

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,826

Year Built

  • Built in 1905

Lot Details

  • 3,115 Sq Ft Lot

Property Views

  • Lake
  • City
  • Territorial

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 1 Parking Space
  • Open Parking

Community Details

  • Westlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9301300245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,826

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1905
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1500
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 357

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: Forced Air, Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: City, Lake, Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Post & Pillar, Slab
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 3734

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9301300245
  • Lot Size Acres: 0.0715
  • Lot Size Sq Ft: 3115
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Parcel Viewer
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 3895

Multi Family

  • Gross Scheduled Income: 43140
  • Net Operating Income: 35291
  • Number Of Units Total: 2
  • Insurance Expense: 889
  • Leasable Area: 1500
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6826
  • AdditionalTaxIds: 930130-0245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Apr 28, 2021
Sold by
Stangl Susan S
Bought by
Li Christopher Y
Seller's Agent
Aaron Locke
The Foundation Group LLC
Buyer's Agent
Derik Strattan
Kelly Right RE of Seattle LLC
List Price
$795,000
Sold Price
$766,500
Premium/Discount to List
-$28,500
-3.58%
Current Estimated Value
$872,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,652
Avg. Annual Appreciation
2.03%
Original Mortgage
$651,525
Outstanding Balance
$600,837
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$234,237

Purchase Details

Closed on
Apr 22, 1999
Sold by
King William J and King Michelle B
Bought by
Stangl Susan S

Purchase Details

Closed on
Aug 28, 1996
Sold by
Sanderson Norman C and Sanderson Karolyn L
Bought by
King William J and King Edward K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,503
Interest Rate
8.23%
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
Li Christopher Y $766,500 Fidelity National Title
Stangl Susan S $275,000 Transnation Title Insurance
King William J $175,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Christopher Y $651,525
Previous Owner Stasngi Susan S $266,000
Previous Owner King William J $161,503
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 Sold $766,500 -3.6% $511 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $795,000 -- $530 / 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 $6,737 $682,000 $620,000 $62,000
2023 $6,727 $683,000 $620,000 $63,000
2022 $6,885 $739,000 $657,000 $82,000
2021 $6,589 $725,000 $670,000 $55,000
2020 $6,827 $658,000 $616,000 $42,000
2018 $6,010 $682,000 $658,000 $24,000
2017 $5,381 $590,000 $569,000 $21,000
2016 $4,938 $546,000 $529,000 $17,000
2015 $4,055 $489,000 $160,000 $329,000
2014 -- $408,000 $128,000 $280,000
2013 -- $383,000 $121,000 $262,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1691448

Northwest Multiple Listing Service (NWMLS)

APN: 930130-0245