Listed by Paragon Real Estate Advisors, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
4,044 Sq Ft
6,420 Sq Ft Lot

Last Sold June 27, 2022

Last sale price $1,903,000 $471 Per Sq Ft

10 Days on Market

Highlights

  • Engineered Wood Flooring
  • No HOA
  • Wood Siding
  • Coe Elementary School Rated A
  • Views
  • 2-minute walk to Soundview Terrace

About This Home

As of June 2022

Built in 1955 and located on the West slope of Queen Anne, this offering presents investors an opportunity to purchase a prime asset on a quiet street with picturesque views of Elliott Bay. Renters will enjoy the coveted location with easy walking distance to Interbay Golf Course, the top of Queen Anne, and downtown Fremont - home to many of Seattle’s booming tech businesses. The subject property features two cozy and clean studio units, two spacious and well-lit 1Bd/1Bth units, and two 2Bd/1Bth units with views and sought-after floor plans. The new owner will be happy to find the building has been extremely well-maintained and presents upside through stabilizing rents and upgrading the units with modern finishes.

Last Agent to Sell the Property

Patrick Sobba

Paragon Real Estate Advisors License #21033647 Listed on: 04/12/2022

Co-Listed By

Jacob Odegard

Paragon Real Estate Advisors License #120796

Last Buyer's Agent

Jim Pullin

Skyline Properties, Inc. License #20106590

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1915461

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,128

Year Built

  • Built in 1955

Lot Details

  • 6,420 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 4,044 Sq Ft Home
  • 3-Story Property
  • Property Views

Flooring

  • Engineered Wood
  • Wall to Wall Carpet

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Community Details

  • No Home Owners Association
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2771601550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,128

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1955
  • Buyer Agency Compensation: 2.50%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4044
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Engineered Hardwood, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Flat
  • View: See Remarks
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: See Remarks
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking: No
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4735

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2771601550
  • Lot Size Acres: 0.1474
  • Lot Size Sq Ft: 6420
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 8675

Multi Family

  • Gross Scheduled Income: 109560
  • Net Operating Income: 71331
  • Number Of Units Total: 6
  • Insurance Expense: 3841
  • Leasable Area: 4044
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 14128

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2022 06/27/22 Sold $1,903,000 +8.7% $471 / Sq Ft
04/22/2022 04/22/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $1,750,000 -- $433 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1915461

Northwest Multiple Listing Service (NWMLS)