NOT LISTED FOR SALE

Estimated Value: $2,673,000 - $2,995,913

-- Bed
-- Bath
4,560 Sq Ft
$622/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $2,150,000 $471 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $17,423/month

46 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 3-minute walk to Lynn Street Mini Park
  • Montlake Elementary School Rated A

About This Home

As of January 2019

Luxury 4 unit apartment building with abundant amenities, high-end condo quality finishes, and sweeping views of Lake Union. All large 2BD/2BTH units with features such as in-floor radiant heating, jacuzzi tubs, granite counters and stainless steel appliances. This is an extremely rare opportunity for an investor or owner occupant to purchase a turn-key, low maintenance property, well located in between a major research university and one of the fastest growing job centers in the country.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,739

Year Built

  • Built in 1996

Lot Details

  • 4,400 Sq Ft Lot

Home Design

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

Interior Spaces

  • 4,560 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2902200537

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,739

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1996
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4560
  • Special Features: None
  • Cumulative Days on Market: 317

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • 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: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 6850

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2902200537
  • Lot Size Acres: 0.101
  • Lot Size Sq Ft: 4400
  • 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: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 10120

Multi Family

  • Gross Scheduled Income: 121440
  • Net Operating Income: 85469
  • Number Of Units Total: 4
  • Insurance Expense: 1939
  • Leasable Area: 4560
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 17739

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 1991
Sold by
Warner John M
Bought by
Stern Judith A
Total Days on Market
46
Current Estimated Value
$2,834,457
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
Stern Judith A $125,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2019 01/15/19 Sold $2,150,000 -10.4% $471 / Sq Ft
12/14/2018 12/14/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $2,400,000 -- $526 / 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 $18,138 $1,883,000 $1,298,000 $585,000
2023 $18,437 $2,256,000 $1,298,000 $958,000
2022 $18,933 $2,183,000 $1,100,000 $1,083,000
2021 $21,040 $2,068,000 $1,100,000 $968,000
2020 $22,719 $2,192,000 $1,254,000 $938,000
2018 $17,739 $1,909,000 $946,000 $963,000
2017 $15,094 $1,802,000 $836,000 $966,000
2016 $12,291 $1,582,000 $484,000 $1,098,000
2015 $10,802 $1,251,000 $484,000 $767,000
2014 -- $1,123,000 $484,000 $639,000
2013 -- $1,014,000 $484,000 $530,000
Source: Public Records

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1380775

Northwest Multiple Listing Service (NWMLS)

APN: 290220-0537