Listed by John L. Scott, Inc., Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,520,000 - $1,718,000

5 Beds
3 Baths
3,250 Sq Ft
$501/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $1,065,000 $328 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $10,002/month

3 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 January 2017

Excellent opportunity to own this updated mid-century triplex in Magnolia neighborhood with great views of Puget Sound, Elliott Bay and the Seattle skyline. Large units with hardwood floors, fireplaces, decks/patio, updated kitchens & baths. One unit is vacant and could provide buyer place to live while collecting income from the others tenants. 3 covered parking spaces, street parking, shared laundry room & private storage. Close to new Expedia campus. Zoned LR1.

Last Agent to Sell the Property

Tyson Paoletti

John L. Scott, Inc. License #121261 Listed on: 12/19/2016

John L. Scott, Inc.

Co-Listed By

Tori Johnson

John L. Scott, Inc. License #9228

Last Buyer's Agent

Jonathan Jones

John L. Scott, Inc. License #27625

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1061018

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,419

Year Built

  • Built in 1960

Lot Details

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

Parking

  • 3 Parking Spaces

Property Views

  • Views of a Sound
  • Mountain
  • Territorial

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Outdoor Features

  • Deck
  • Patio

Utilities

  • Radiator
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2771600460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,419

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: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3250
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 359

Interior Features

  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Radiator, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Sound, Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Natural Gas Connected
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 3600

Fee Information

  • Annual Fuel Expense: 2400

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2771600460
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 5000

Multi Family

  • Gross Scheduled Income: 60000
  • Net Operating Income: 42500
  • Number Of Units Total: 6
  • Electric Expense: 1450
  • Insurance Expense: 522
  • Leasable Area: 2401
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 33

Tax Info

  • Year: 2016
  • Tax Annual Amount: 8419

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2016
Closed on
Jan 3, 2017
Sold by
Flick Mark and Flick Laura
Bought by
Linden Eric S and Linden Tammy K
Seller's Agent
Tyson Paoletti
John L. Scott, Inc.
Buyer's Agent
Jonathan Jones
John L. Scott, Inc.
List Price
$1,100,000
Sold Price
$1,065,000
Premium/Discount to List
-$35,000
-3.18%
Total Days on Market
3
Current Estimated Value
$1,627,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$562,000
Avg. Annual Appreciation
4.80%

Purchase Details

Closed on
Apr 23, 2007
Sold by
Hackett Michele E and Lorentzen Linda L
Bought by
Flick Mark and Flick Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 26, 2005
Sold by
Urlacher Steven G
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
$450,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 2, 2001
Sold by
Spalding Denise C
Bought by
Rossell Denton and Rossell Delorez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.09%
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
Linden Eric S $1,065,000 Wfg National T
Flick Mark $879,000 Old Republic T
Hackett Michele E $600,000 Old Republic T
Rossell Denton $599,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linden Eric S $630,000
Previous Owner Flick Mark $618,750
Previous Owner Flick Mark $44,000
Previous Owner Flick Mark $659,150
Previous Owner Hackett Michele E $450,000
Previous Owner Rossell Denton $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2017 01/06/17 Sold $1,065,000 -3.2% $328 / Sq Ft
12/23/2016 12/23/16 Pending -- -- --
12/19/2016 12/19/16 For Sale $1,100,000 -- $338 / 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 $13,649 $1,407,000 $1,383,000 $24,000
2023 $14,831 $1,566,000 $1,244,000 $322,000
2022 $12,943 $1,704,000 $1,167,000 $537,000
2021 $12,042 $1,400,000 $978,000 $422,000
2020 $12,698 $1,235,000 $894,000 $341,000
2018 $10,318 $1,275,000 $899,000 $376,000
2017 $9,103 $1,033,000 $517,000 $516,000
2016 $8,419 $941,000 $471,000 $470,000
2015 $7,082 $849,000 $428,000 $421,000
2014 -- $728,000 $366,000 $362,000
2013 -- $699,000 $353,000 $346,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1061018

Northwest Multiple Listing Service (NWMLS)

APN: 277160-0460