Listed by Coldwell Banker Danforth, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $1,537,000 - $1,829,000

5 Beds
5 Baths
3,410 Sq Ft
$479/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $1,370,000 $402 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,038/month

4 Days on Market

Highlights

  • Golf Course View
  • Wood Flooring
  • Central Air
  • Mcclure Middle School Rated A-
  • Patio
  • 2-minute walk to Bayview Playground

About This Home

As of October 2021

Pride of Ownership Triplex in sought after Magnolia. Boasting stunning views of the city and Interbay valley. The main floor entry welcomes you to a 3 bed 2 bath unit offering 1600+ sqft. Perfect for an owner to occupy. Walk out the back sliding door to a large private covered fully fenced patio. 2 units upstairs are both 1 bed 1 bath and well taken care of. Wall to wall hardwood flooring through the entire building. The basement includes a bathroom and community washer/dryer plus an additional storage area. With 4 total parking spaces- 2 single garages and 2 off street, you wont have to search for a safe spot. This fabulous location sits right below Bayview Playground and provides easy access to Village, DT, Ballard, SLU and much more.

Last Agent to Sell the Property

Auston Hilkin

Coldwell Banker Danforth License #136580 Listed on: 09/02/2021

Coldwell Banker Danforth

Last Buyer's Agent

Michael Haas

COMPASS License #23010523

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1834159

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,354

Year Built

  • Built in 1959

Lot Details

  • 4,450 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Property Views

  • Golf Course
  • City
  • Territorial

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 3,410 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770600836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,354

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1959
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3410
  • Special Features: None
  • Cumulative Days on Market: 354

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Forced Air, Heat Pump, Central A/C, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Flat, Torch Down
  • View: City, Golf Course, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

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
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: Seattle Public Utilities
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2770600836
  • Lot Size Acres: 0.1022
  • Lot Size Sq Ft: 4450
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 6700

Multi Family

  • Gross Scheduled Income: 80400
  • Net Operating Income: 66246
  • Number Of Units Total: 3
  • Insurance Expense: 1800
  • Leasable Area: 3410
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 11354

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2021
Closed on
Oct 4, 2021
Sold by
Hilkin Richard J and Hilkin Kathy L
Bought by
Jeon Donghwan and Lee Yooeun
Seller's Agent
Auston Hilkin
Coldwell Banker Danforth
Buyer's Agent
Michael Haas
COMPASS
List Price
$1,320,000
Sold Price
$1,370,000
Premium/Discount to List
$50,000
3.79%
Current Estimated Value
$1,633,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,170
Avg. Annual Appreciation
4.63%
Original Mortgage
$1,027,000
Outstanding Balance
$940,583
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$692,587

Purchase Details

Closed on
Jul 28, 1997
Sold by
Gjerset Arne I and Gjerset Sharon L
Bought by
Hilkin Richard J and Hilkin Kathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,700
Interest Rate
7.58%
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
Jeon Donghwan $1,370,000 Modus
Hilkin Richard J $345,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeon Donghwan $1,027,000
Previous Owner Hilkin Richard J $249,700
Closed Hilkin Richard J $43,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2021 10/05/21 Sold $1,370,000 +3.8% $402 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $1,320,000 -- $387 / 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 $13,670 $1,396,000 $871,000 $525,000
2023 $12,752 $1,324,000 $723,000 $601,000
2022 $11,903 $1,441,000 $679,000 $762,000
2021 $11,354 $1,271,000 $569,000 $702,000
2020 $11,309 $1,151,000 $521,000 $630,000
2018 $10,181 $1,121,000 $523,000 $598,000
2017 $8,986 $1,011,000 $279,000 $732,000
2016 $8,210 $921,000 $255,000 $666,000
2015 $6,908 $831,000 $232,000 $599,000
2014 -- $713,000 $199,000 $514,000
2013 -- $647,000 $192,000 $455,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1834159

Northwest Multiple Listing Service (NWMLS)

APN: 277060-0836