Listed by Paragon Real Estate Advisors, Bought with Capstone Commercial
NOT LISTED FOR SALE

2212 2216 Minor Ave E Seattle, WA 98102

Eastlake Neighborhood

Estimated Value: $1,411,954 - $1,735,000

4 Beds
2 Baths
6,912 Sq Ft
$227/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $2,900,000 $420 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $9,610/month

8 Days on Market

Highlights

  • 0.15 Acre Lot
  • Wood Siding
  • 2-minute walk to Lynn Street Mini Park
  • Montlake Elementary School Rated A

About This Home

As of July 2021

Eastlake Bungalows are situated in Seattle’s beloved Eastlake neighborhood renowned for its striking views of Lake Union, downtown Seattle and Queen Anne. 2 tax parcels each with 2 duplex buildings for a total of 8 units. Each unit conveniently has a full-size W/D dryer set and there are a total of 7 off-street parking spaces off of the alley. Each unit has a separate entrance with walkways in-between the bungalow like structures. None of the units share a common wall to the sides. The property presents the prospective Buyer with a newer construction value add deal with massive rental upside in one of Seattle’s most popular neighborhoods.

Last Agent to Sell the Property

Jacob Odegard

Paragon Real Estate Advisors License #120796 Listed on: 05/24/2021

Co-Listed By

Eric Smith

Paragon Real Estate Advisors License #3434

Last Buyer's Agent

Ian Brown

Capstone Commercial License #48896

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1776243

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,388

Year Built

  • Built in 1999

Lot Details

  • 6,600 Sq Ft Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 6,912 Sq Ft Home
  • 3-Story Property

Parking

  • 7 Parking Spaces
  • Open Parking

Community Details

  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2902200475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,388

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1999
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6912
  • Special Features: None
  • Cumulative Days on Market: 361

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 12864

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2902200475
  • Lot Size Acres: 0.1515
  • Lot Size Sq Ft: 6600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 14383

Multi Family

  • Gross Scheduled Income: 172601
  • Net Operating Income: 97109
  • Number Of Units Total: 8
  • Insurance Expense: 5942
  • Leasable Area: 6912
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2020
  • Tax Annual Amount: 34388
  • AdditionalTaxIds: 2902200476

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Jul 28, 2021
Sold by
2216 Apartments Llc
Bought by
Eastlake Bungalows Llc
Seller's Agent
Jacob Odegard
Paragon Real Estate Advisors
Buyer's Agent
Ian Brown
Capstone Commercial
List Price
$2,950,000
Sold Price
$2,900,000
Premium/Discount to List
-$50,000
-1.69%
Current Estimated Value
$1,569,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,330,682
Original Mortgage
$1,400,000
Outstanding Balance
$1,283,036
Interest Rate
3%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 1, 2016
Sold by
Black John C and Kleyn Jeanne E
Bought by
2216 Apartments Llc

Purchase Details

Closed on
Feb 2, 1988
Sold by
Brotherton Joseph L and Brotherton Maureen P
Bought by
Black John C
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Eastlake Bungalows Llc $1,449,600 Stewart Ttl Guaranty Co Com
2216 Apartments Llc -- None Available
Black John C $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eastlake Bungalows Llc $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $2,900,000 -1.7% $420 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $2,950,000 -- $427 / 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 $12,724 $1,316,000 $973,500 $342,500
2023 $13,359 $1,638,000 $973,500 $664,500
2022 $14,813 $1,579,000 $825,000 $754,000
2021 $17,432 $1,488,000 $825,000 $663,000
2020 $17,759 $1,821,000 $940,500 $880,500
2018 $15,674 $1,703,000 $709,500 $993,500
2017 $13,196 $1,599,000 $627,000 $972,000
2016 $10,405 $1,389,000 $363,000 $1,026,000
2015 -- $1,063,000 $363,000 $700,000
2014 -- $937,000 $363,000 $574,000
2013 -- $859,000 $363,000 $496,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jacob Odegard

    Paragon Real Estate Advisors

    Section Image

  • E

    Seller Co-Listing Agent in 2021

    Eric Smith

    Paragon Real Estate Advisors

  • Ian Brown

    Buyer's Agent in 2021

    Ian Brown

    Capstone Commercial

    (206) 999-5000

    1 in this area

    14 Total Sales

    Ian Brown
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1776243

Northwest Multiple Listing Service (NWMLS)

APN: 290220-0475

Washington King County Seattle 98102 Eastlake

2212 2216 Minor Ave E, Seattle, WA

This home is located at 2212 2216 Minor Ave E, Seattle, WA 98102 since 24 May 2021 and is currently estimated at $1,569,318, approximately $227 per square foot. This property was built in 1999. 2212 2216 Minor Ave E is a home located in King County with nearby schools including Montlake Elementary School, Meany Middle School, and Garfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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