NOT LISTED FOR SALE

Estimated Value: $1,359,000 - $1,756,672

3 Beds
2 Baths
2,570 Sq Ft
$623/Sq Ft Est. Value

Last Sold September 12, 2013

Last sale price $685,000 $267 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $10,152/month

113 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • 5-minute walk to Madison Park
  • McGilvra Elementary School Rated A
  • Property is Fully Fenced

About This Home

As of September 2013

Quaint art deco duplex on a quiet street in the heart of the Park. Always rents immediately. First floor unit has two bedrooms, one bath and has a large kitchen/ eating space. Upper unit has one larger bedroom and a bath. Both units have half of a two car garage on the alley. Both units have access to basement laundry appliances. Seller wife is a licensed real estate agent. Each unit has a fireplace. You are close to all the Madison Park amenities.

Last Agent to Sell the Property

Jordan Malloch

Windermere Real Estate Co. License #24453 Listed on: 04/28/2013

Windermere Real Estate Co.

Last Buyer's Agent

Evan Wyman

COMPASS License #23315

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 479217

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,992

Year Built

  • Built in 1938

Lot Details

  • 4,000 Sq Ft Lot
  • Property is Fully Fenced
  • Value in Land

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,570 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Wood Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • Loch Gilvra Condos
  • Madison Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 11 / 33
  • Assessor Parcel Number 4385700505

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,992

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1938
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Loch-Gilvra
  • CalculatedSquareFootage: 2570
  • Special Features: None
  • Cumulative Days on Market: 367

Interior Features

  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, See Remarks, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 896

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 4385700505
  • Lot Size Acres: 0.0918
  • Lot Size Sq Ft: 4000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully
  • LotNumber: 11

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 24
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 10364
  • Number Of Units Total: 2
  • Insurance Expense: 869
  • Leasable Area: 2210
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 27

Tax Info

  • Year: 2012
  • Tax Annual Amount: 7992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2013
Closed on
Sep 12, 2013
Sold by
Gibson John A and Gibson Mary
Bought by
Boulder Llc
Seller's Agent
Jordan Malloch
Windermere Real Estate Co.
Buyer's Agent
Evan Wyman
COMPASS
List Price
$735,000
Sold Price
$685,000
Premium/Discount to List
-$50,000
-6.8%
Total Days on Market
113
Current Estimated Value
$1,601,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$916,168
Avg. Annual Appreciation
8.15%
Original Mortgage
$16,000
Outstanding Balance
$12,273
Interest Rate
4.27%
Mortgage Type
Unknown
Estimated Equity
$1,704,825
Source: Public Records

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Range of Values:

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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
Boulder Llc $685,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson John A $16,000
Previous Owner Gibson John A $30,000
Previous Owner Gibson John A $30,000
Previous Owner Gibson John $20,000
Previous Owner Gibson John A $462,800
Previous Owner Gibson John A $490,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2013 09/12/13 Sold $685,000 -6.8% $267 / Sq Ft
08/20/2013 08/20/13 Pending -- -- --
04/28/2013 04/28/13 For Sale $735,000 -- $286 / 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 $13,969 $1,455,000 $1,064,000 $391,000
2023 $13,217 $1,400,000 $992,000 $408,000
2022 $11,697 $1,568,000 $992,000 $576,000
2021 $11,366 $1,270,000 $804,000 $466,000
2020 $11,913 $1,171,000 $834,000 $337,000
2018 $11,346 $1,230,000 $852,000 $378,000
2017 $9,857 $1,148,000 $755,000 $393,000
2016 $9,548 $1,030,000 $660,000 $370,000
2015 $8,191 $975,000 $625,000 $350,000
2014 -- $854,000 $439,000 $415,000
2013 -- $777,000 $439,000 $338,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 479217

Northwest Multiple Listing Service (NWMLS)

APN: 438570-0505