Listed by Paragon Real Estate Advisors, Bought with Westlake Associates, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
17,580 Sq Ft
0.26 Acres

Last Sold November 28, 2018

Last sale price $9,375,000 $533 Per Sq Ft

26 Days on Market

Highlights

  • Views of a Sound
  • 0.26 Acre Lot
  • 4-minute walk to Summit Slope Park
  • Garfield High School Rated A
  • Wood Flooring

About This Home

As of November 2018

28-unit apartment building located in the highly sought-after and walkable Capitol Hill neighborhood. This is an extremely rare opportunity for an investor to acquire a trophy asset with repositioning upside located 2 blocks from the Light Rail station. Units offer views of the city and sound, large sunny patios, common laundry rooms on each floor and Large closets. The building has secured access entry, elevator service with recently remodeled cab and 14 gated parking spaces.

Last Agent to Sell the Property

Saint Newton

Paragon Real Estate Advisors License #28919 Listed on: 08/01/2018

Last Buyer's Agent

David Petersen

Westlake Associates, Inc. License #7352

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1339102

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $58,427

Year Built

  • Built in 1962

Lot Details

  • 0.26 Acre Lot

Parking

  • 14 Parking Spaces

Property Views

  • Views of a Sound
  • City Views

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Stucco

Interior Spaces

  • 17,580 Sq Ft Home
  • 4-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3148600020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$58,427

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1962
  • Buyer Agency Compensation: 1.125
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 17580
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Elevator

Exterior Features

  • Roof: Flat
  • View: City, Sound
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Stucco
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 14
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 34082

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3148600020
  • Lot Size Acres: 0.2571
  • Lot Size Sq Ft: 11200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 55765

Multi Family

  • Gross Scheduled Income: 669183
  • Net Operating Income: 458882
  • Number Of Units Total: 28
  • Insurance Expense: 9669
  • Leasable Area: 17580
  • UnitsInBuildingTotal: 28
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 58427

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2018 11/28/18 Sold $9,375,000 -1.3% $533 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $9,500,000 -- $540 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1339102

Northwest Multiple Listing Service (NWMLS)