Listed by Coldwell Banker Bain, Bought with Realogics Sotheby's Int'l Rlty
$1,650,000
SOLD SEP 8, 2020
-- Bed
-- Bath
2,377 Sq Ft
4,397 Sq Ft Lot

Recently Sold

$694 Per Sq Ft

5 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Property is in very good condition
  • McGilvra Elementary School Rated A
  • Patio
  • Property is Fully Fenced

About This Home

As of September 2023

Enjoy a rare opportunity to purchase one of the most versatile properties in Madison Park. Zoned single family but grandfathered by the City for use as a duplex, this fabulous property offers a multitude of opportunities. Presently two units, live in one & rent the other, own as an investment/rental property or convert back to a single-family home. Each remodeled home offers 2 or 3 BR’s & 2 BA’s. Just a block to the lake & a short walk to the wonderful shops, restaurants & beach of Madison Park.

Last Agent to Sell the Property

Lisa Turnure

Coldwell Banker Bain License #75773 Listed on: 08/19/2020

Coldwell Banker Bain

Last Buyer's Agent

Moira Holley

Realogics Sotheby's Int'l Rlty License #40143

Realogics Sotheby's Int'l Rlty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1650466

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,771

Year Built

  • Built in 1971

Lot Details

  • 4,397 Sq Ft Lot
  • Lot Dimensions are 40 x 110
  • Property is Fully Fenced
  • Property is in very good condition

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,377 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Outdoor Features

  • Deck
  • Patio

Schools

  • Mc Gilvra Elementary School
  • Wash Mid Middle School
  • Garfield High School

Community Details

  • Loch Gilvra Add Condos
  • Madison Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 13-14 / 39
  • Assessor Parcel Number 4385701305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,771

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1971
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: LOCH-GILVRA ADD
  • New Construction: No
  • CalculatedSquareFootage: 2377
  • Special Features: VirtualTour
  • Cumulative Days on Market: 323

Interior Features

  • Possible Use: Residential, See Remarks
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle Public Utilities
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 4385701305
  • Lot Size Acres: 0.1009
  • Lot Size: 40 x 110
  • Lot Size Sq Ft: 4397
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Residential,See Remarks
  • LotNumber: 13-14

Green Features

  • Power Production Type: Electric

Rental Info

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

Tax Info

  • Year: 2020
  • Tax Annual Amount: 12771

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 2377
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Mc Gilvra

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2023
Closed on
Sep 13, 2023
Sold by
Gould Frederick B and Gould Julie P
Bought by
2305 Llc
Seller's Agent
Kristi Auld
COMPASS
Buyer's Agent
Kathryn Hinds
Windermere Real Estate Co.
List Price
$2,495,000
Sold Price
$2,050,000
Premium/Discount to List
-$445,000
-17.84%
Views
80
Current Estimated Value
$1,991,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,964
Avg. Annual Appreciation
-1.58%

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 5, 2020
Sold by
Bailet Jerrold S and Bailet Cristina M
Bought by
Gould Frederick B and Gould Julie P
Seller's Agent
Lisa Turnure
Coldwell Banker Bain
Buyer's Agent
Moira Holley
Realogics Sotheby's Int'l Rlty
List Price
$1,650,000
Sold Price
$1,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%

Purchase Details

Closed on
Aug 2, 2007
Sold by
Tice Louis E and Tice Diane B
Bought by
Bailet Jerrold S and Bailet Cristina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.73%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 13, 2002
Sold by
Tice Louis E and Tice Diane B
Bought by
Tice Louis E and Tice Diane B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.24%

Purchase Details

Closed on
Oct 12, 1984
Sold by
Ainslie Hugh W and Ainslie Sally
Bought by
Tice Louis E and Tice Diane B
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,050,000 Wfg National Title Company Of
Warranty Deed $1,650,000 Wfg Natl Ttl Co Of Wa Llc
Warranty Deed $875,000 The Talon Grou
Interfamily Deed Transfer $9,611 Stewart Title
Warranty Deed $173,700 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $530,000 New Conventional
Previous Owner $112,500 Credit Line Revolving
Previous Owner $612,500 Purchase Money Mortgage
Previous Owner $300,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $2,050,000 -8.9% $895 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/07/2023 08/07/23 Price Changed $2,250,000 -9.8% $983 / Sq Ft
07/21/2023 07/21/23 For Sale $2,495,000 +21.7% $1,090 / Sq Ft
07/11/2023 07/11/23 Off Market $2,050,000 -- --
07/07/2023 07/07/23 For Sale $2,495,000 +51.2% $1,090 / Sq Ft
09/08/2020 09/08/20 Sold $1,650,000 0.0% $694 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $1,650,000 -- $694 / 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 $20,323 $2,146,000 $1,064,000 $1,082,000
2023 $16,230 $1,957,000 $992,000 $965,000
2022 $14,328 $1,936,000 $992,000 $944,000
2021 $13,172 $1,568,000 $804,000 $764,000
2020 $12,771 $1,365,000 $834,000 $531,000
2018 $12,159 $1,321,000 $852,000 $469,000
2017 $10,560 $1,233,000 $755,000 $478,000
2016 $10,231 $1,106,000 $660,000 $446,000
2015 $7,876 $1,047,000 $625,000 $422,000
2014 -- $820,000 $439,000 $381,000
2013 -- $746,000 $439,000 $307,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1650466

Northwest Multiple Listing Service (NWMLS)

APN: 438570-1305