Listed by Paragon Real Estate Advisors, Bought with Heaton Dainard, LLC
NOT LISTED FOR SALE
8 Beds
8 Baths
4,555 Sq Ft
5,600 Sq Ft Lot

Sale Details

Date Sold: March 8, 2024

Last sale price $1,700,000 $373 Per Sq Ft

20 Days on Market

Highlights

  • 0.13 Acre Lot
  • No HOA
  • Wood Siding
  • Montlake Elementary School Rated A
  • Baseboard Heating
  • 2-minute walk to Lynn Street Mini Park

About This Home

As of March 2024

See the possibilities - value-add repositioning or redevelopment. Eastlake 6-unit apt sits on a 5,400SF lot zoned LR2 (M) with access to the lot from Minor Ave on the front along with Red Ave E to the rear. The building currently has several vacant units, allowing investors to promptly enhance its value through additional renovations, maximizing returns on investment. The building is comprised of four well laid out 1-bedroom/1-bathroom units, along with two large 2-bedroom/2-bathroom units. Encompassing the entirety of the top floor is the penthouse unit featuring hard surfaced flooring, updated cabinetry, in unit washer and dryer, and spectacular views of lake union and downtown Seattle.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 01/23/2024

Co-Listed By

Nick Hemming

Paragon Real Estate Advisors License #120684

Last Buyer's Agent

Jennifer Hafner

Heaton Dainard, LLC License #134914

Heaton Dainard, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2193534

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,781

Year Built

  • Built in 1968

Lot Details

  • 5,600

Parking

  • Open Parking

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 4,555 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring

Additional Features

  • 5,600 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2902200380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,781

Year Built

Built in 1968

Lot Details

5,600 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1968
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 4555
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2902200380
  • Lot Size Acres: 0.1286
  • Lot Size Sq Ft: 5600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Landvision
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.5
  • LeasedItems: None
  • TotalMonthlyIncome: 14185

Tax Info

  • Year: 2023
  • Tax Annual Amount: 17781

Multi Family

  • Number Of Units Total: 6
  • EnergySource: Electric
  • 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
Jan 23, 2024
Closed on
Feb 29, 2024
Sold by
Bought by
Seller's Agent
Cathy Jeney
Paragon Real Estate Advisors
Buyer's Agent
Jennifer Hafner
Heaton Dainard, LLC
List Price
$2,300,000
Sold Price
$1,700,000
Premium/Discount to List
-$600,000
-26.09%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$1,071,048
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2017
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
$650,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 1999
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 1998
Sold by
Bought by

Purchase Details

Closed on
Aug 10, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 1993
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 1993
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 1991
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
$1,700,000 Stewart Title
-- Ticor Title
-- --
-- First American Title Ins Co
-- First American Title Ins Co
-- Chicago Title Insurance Co
-- Chicago Title Insurance Co
-- Stewart Title Company
-- --
-- Stewart Title Company Of Was
$462,500 --
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 $1,100,000
Previous Owner $650,000
Previous Owner $49,646
Previous Owner $595,000
Previous Owner $7,500
Previous Owner $215,000
Previous Owner $15,000
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
03/08/2024 03/08/24 Sold $1,700,000 -26.1% $373 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
01/23/2024 01/23/24 For Sale $2,300,000 -- $505 / 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 $17,418 $1,647,000 $1,428,000 $219,000
2024 $15,140 $1,533,000 $1,512,000 $21,000
2023 $17,915 $1,873,000 $1,512,000 $361,000
2022 $16,710 $1,903,000 $1,316,000 $587,000
2021 $19,866 $1,796,000 $1,316,000 $480,000
2020 $18,269 $2,048,000 $1,428,000 $620,000
2018 $16,048 $1,748,000 $924,000 $824,000
2017 $14,209 $1,611,000 $784,000 $827,000
2016 $11,616 $1,473,000 $504,000 $969,000
2015 -- $1,168,000 $504,000 $664,000
2014 -- $1,055,000 $504,000 $551,000
2013 -- $876,000 $504,000 $372,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2193534

Northwest Multiple Listing Service (NWMLS)
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