Listed by ONE Realty, Bought with Best Choice Network LLC
NOT LISTED FOR SALE

Estimated Value: $1,749,000 - $1,975,000

6 Beds
6 Baths
3,990 Sq Ft
$468/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $1,635,000 $410 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $11,090/month

115 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Patio
  • Mcclure Middle School Rated A-
  • Wood Flooring
  • 1-minute walk to Smith Cove Park

About This Home

As of September 2021

Magnolia View Triplex! Incredible opportunity! Stunning views of City, Sound and Mt. Rainier. All 2 Bed/1.75 Bath 1,250+ Sq Ft units. All units have hardwood floors, W/D, fireplace, deck/patio and garage. Tenants pay all utilities. Interior inspection with accepted purchase and sale agreement. Tenants unaware of sale. Fab Magnolia location, EZ access to Village, DT, SLU & more. Tenants pay utilities.

Last Agent to Sell the Property

Savannah Dahab

ONE Realty License #124137 Listed on: 04/14/2021

Last Buyer's Agent

Hari Pothineni

Best Choice Network LLC License #106445

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1757441

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,371

Year Built

  • Built in 1960

Lot Details

  • 5,000 Sq Ft Lot
  • Property is in good condition

Property Views

  • Views of a Sound
  • Golf Course
  • City
  • Mountain

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 3,990 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2771600430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,371

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1960
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3990
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: City, Golf Course, Mountain(s), Sound
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2771600430
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 7300

Multi Family

  • Gross Scheduled Income: 87600
  • Net Operating Income: 74329
  • Number Of Units Total: 3
  • Insurance Expense: 1900
  • Leasable Area: 3990
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 11371

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Sep 14, 2021
Sold by
Magnotti Linda and Bourassa Virgil
Bought by
Goel Anukul and Gupta Iris
Seller's Agent
Savannah Dahab
ONE Realty
Buyer's Agent
Hari Pothineni
Best Choice Network LLC
List Price
$1,850,000
Sold Price
$1,635,000
Premium/Discount to List
-$215,000
-11.62%
Current Estimated Value
$1,867,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,937
Avg. Annual Appreciation
3.33%
Original Mortgage
$1,201,000
Outstanding Balance
$1,092,821
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$775,116

Purchase Details

Closed on
Dec 17, 2018
Sold by
Magnotti Linda and Bourassa Virgil
Bought by
Magnotti Linda and Bourassa Virgil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$771,918
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2007
Sold by
Hackett Michele E and Lorentzen Linda L
Bought by
Magnotti Linda and Bourassa Virgil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,750
Interest Rate
6.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 24, 2004
Sold by
Bugge Family Investments Llc
Bought by
Hackett Michele E and Lorentzen Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 1998
Sold by
Bugge Anne
Bought by
Bugge Family Investments Llc

Purchase Details

Closed on
Sep 8, 1993
Sold by
Rossi Dino J and Rossi Terry A
Bought by
Bugge Jorg Ttee
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
Goel Anukul $1,635,000 Wfg Natl Ttl Co Of Wa Llc
Magnotti Linda -- Rainier Title
Magnotti Linda $945,000 Old Republic T
Hackett Michele E $580,000 Old Republic T
Bugge Family Investments Llc -- --
Bugge Jorg Ttee $358,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goel Anukul $1,201,000
Previous Owner Magnotti Linda $771,918
Previous Owner Magnotti Linda $708,750
Previous Owner Hackett Michele E $464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $1,635,000 -11.6% $410 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $1,850,000 -- $464 / 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 $14,230 $1,446,000 $1,185,000 $261,000
2023 $12,727 $1,349,000 $869,000 $480,000
2022 $11,623 $1,468,000 $816,000 $652,000
2021 $10,816 $1,230,000 $684,000 $546,000
2020 $11,371 $1,085,000 $626,000 $459,000
2018 $10,262 $1,120,000 $629,000 $491,000
2017 $9,061 $1,013,000 $376,000 $637,000
2016 $8,268 $923,000 $343,000 $580,000
2015 $6,952 $833,000 $312,000 $521,000
2014 -- $714,000 $267,000 $447,000
2013 -- $686,000 $258,000 $428,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1757441

Northwest Multiple Listing Service (NWMLS)

APN: 277160-0430