Listed by Coldwell Banker Bain, Bought with Windermere Real Estate Midtown
$1,921,500
SOLD MAR 3, 2025
5 Beds
7 Baths
4,010 Sq Ft
6,250 Sq Ft Lot

Recently Sold

$479 Per Sq Ft

3% Below List Price

140 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • No HOA
  • Mcclure Middle School Rated A-
  • Engineered Wood Flooring
  • 5-minute walk to Ella Bailey Park

About This Home

As of March 2025

Prime Investment Opportunity! Cool Mid-Century Building with views of Elliott Bay, the Space Needle & Mt. Rainier. 2 extra large 2BR/2Bath units (over 1,500 SqFt), each with quality finishes, flexible spaces & view decks. These units are amazing and the top floor view is breathtaking! Well-maintained 1BR/1Bath in lowest level. 3-car garage offers secure, covered parking for each unit. Storage, gardening space and privacy too. Super Location-Residential neighborhood and convenient to downtown, Expedia, Interbay Golf and Discovery Park. Fabulous opportunity for either investors or owner-occupants. Either of the large view units would make a great owner apartment. Or live in the smallest unit to maximize rental income.

Last Agent to Sell the Property

Sarah Ford

Coldwell Banker Bain License #4324 Listed on: 08/30/2024

Coldwell Banker Bain

Co-Listed By

Keith McKinney

Coldwell Banker Bain License #7736

Last Buyer's Agent

Tim Lenihan

Windermere Real Estate Midtown License #27969

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2279386

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,939

Year Built

  • Built in 1965

Lot Details

  • 6,250 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Property Views

  • Views of a Sound
  • City
  • Mountain

Home Design

  • Duplex
  • Flat Roof Shape
  • Poured Concrete
  • Cement Board or Planked
  • Stucco

Interior Spaces

  • 4,010 Sq Ft Home
  • 3-Story Property

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Laminate
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Parking

  • 5 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2771600685

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,939

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1965
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4010
  • Special Features: VirtualTour
  • Cumulative Days on Market: 208

Interior Features

  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood, Laminate, Stone, Carpet
  • Interior Amenities: Ceramic Tile, Laminate, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: City, Mountain(s), Sound
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank, Stucco
  • Exterior Features: Cement Planked, Stucco
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Window Unit A/C
  • Cooling Y N: Yes
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 5777.68

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2771600685
  • Lot Size Acres: 0.1435
  • Lot Size Sq Ft: 6250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 17.6
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 112500
  • Net Operating Income: 75252
  • Number Of Units Total: 3
  • Insurance Expense: 3076
  • Leasable Area: 4010
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 17938.55

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2024
Closed on
Feb 26, 2025
Sold by
William And Joan Y Lum Living Trust and Lum Joan Y
Bought by
Ncp Management Inc Profit Sharing Plan
Seller's Agent
Sarah Ford
Coldwell Banker Bain
Buyer's Agent
Tim Lenihan
Windermere Real Estate Midtown
List Price
$1,980,000
Sold Price
$1,921,500
Premium/Discount to List
-$58,500
-2.95%
Total Days on Market
140
Views
39
Current Estimated Value
$1,937,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,904
Avg. Annual Appreciation
3.10%

Purchase Details

Closed on
Oct 25, 2023
Sold by
William And Joan Y Lum Living Trust
Bought by
William And Joan Y Lum Living Trust and Lum

Purchase Details

Listed on
Apr 15, 2017
Closed on
Jun 23, 2017
Sold by
Meintz Timothy
Bought by
Lum Lisa and Lum Joan Y
Seller's Agent
Deborah Young
Windermere Real Estate Midtown
Buyer's Agent
Sarah Ford
Coldwell Banker Bain
List Price
$1,900,000
Sold Price
$1,600,000
Premium/Discount to List
-$300,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.44%

Purchase Details

Closed on
Oct 3, 2003
Sold by
Thomas Paul E and Thomas Shirley A
Bought by
Meintz Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 1984
Sold by
Brotman Bernard
Bought by
Thomas Paul E
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 Type Sale Price Title Company
Warranty Deed $1,921,500 Rainier Title
Special Warranty Deed $1,890,000 None Listed On Document
Warranty Deed $1,600,000 Cw Title Co
Warranty Deed $590,000 Stewart Title
Warranty Deed $220,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $499,800 New Conventional
Previous Owner $171,000 Credit Line Revolving
Previous Owner $472,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 Sold $1,921,500 -3.0% $479 / Sq Ft
01/17/2025 01/17/25 Pending -- -- --
08/30/2024 08/30/24 For Sale $1,980,000 +23.8% $494 / Sq Ft
06/30/2017 06/30/17 Sold $1,600,000 -15.8% $430 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
04/15/2017 04/15/17 For Sale $1,900,000 -- $511 / 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 $18,257 $1,859,000 $851,000 $1,008,000
2023 $18,178 $1,890,000 $882,000 $1,008,000
2022 $15,703 $2,056,000 $828,000 $1,228,000
2021 $14,612 $1,671,000 $694,000 $977,000
2020 $15,372 $1,474,000 $635,000 $839,000
2018 $11,340 $1,521,000 $639,000 $882,000
2017 $10,012 $1,111,000 $472,000 $639,000
2016 $9,115 $1,012,000 $430,000 $582,000
2015 $7,671 $913,000 $391,000 $522,000
2014 -- $783,000 $335,000 $448,000
2013 -- $752,000 $323,000 $429,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2279386

Northwest Multiple Listing Service (NWMLS)

APN: 277160-0685