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

Sale Details

Date 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)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $58,427

Year Built

  • Built in 1962

Lot Details

  • 11,200 Sq Ft Lot

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

0.26 Acres

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
  • Structure Type: Multi Family
  • 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

Garage/Parking

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

Utilities

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

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

Tax Info

  • Year: 2018
  • Tax Annual Amount: 58427

Multi Family

  • Number Of Units Total: 28
  • 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 1, 2018
Closed on
Nov 26, 2018
Sold by
Bought by
Seller's Agent
Saint Newton
Paragon Real Estate Advisors
Buyer's Agent
David Petersen
Westlake Associates, Inc.
List Price
$9,500,000
Sold Price
$9,375,000
Premium/Discount to List
-$125,000
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,660,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2016
Sold by
Bought by

Purchase Details

Closed on
May 17, 2002
Sold by
Bought by

Purchase Details

Closed on
Nov 21, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,765,250
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$9,368,000 Fidelity National Title
-- Fidelity
-- None Available
-- Fidelity
-- --
$3,543,000 Chicago Title Insurance Co
-- Chicago Title Insurance Co
-- --
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 $5,990,000
Closed $5,660,000
Previous Owner $1,515,000
Previous Owner $1,670,000
Previous Owner $1,765,250
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
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

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 $67,581 $6,556,000 $4,480,000 $2,076,000
2024 $62,230 $6,503,000 $4,480,000 $2,023,000
2023 $72,299 $7,621,000 $4,480,000 $3,141,000
2022 $76,847 $8,643,000 $4,368,000 $4,275,000
2021 $82,137 $8,476,000 $4,368,000 $4,108,000
2020 $73,470 $8,620,000 $4,480,000 $4,140,000
2018 $58,427 $6,601,000 $3,864,000 $2,737,000
2017 $52,938 $5,951,000 $3,976,000 $1,975,000
2016 $42,543 $5,574,000 $1,400,000 $4,174,000
2015 $39,759 $4,351,000 $1,400,000 $2,951,000
2014 -- $4,164,000 $1,400,000 $2,764,000
2013 -- $3,634,000 $1,400,000 $2,234,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1339102

Northwest Multiple Listing Service (NWMLS)
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