NOT LISTED FOR SALE

2312 2314 Minor Ave E Seattle, WA 98102

Eastlake Neighborhood

Estimated Value: $1,232,000 - $2,335,889

6 Beds
4 Baths
3,965 Sq Ft
$445/Sq Ft Est. Value

Last Sold November 30, 2012

Last sale price $823,800 $208 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $10,707/month

132 Days on Market

Highlights

  • 0.13 Acre Lot
  • Wood Siding
  • 1-minute walk to Lynn Street Mini Park
  • Montlake Elementary School Rated A

About This Home

As of November 2012

Price Reduction! Charming 6 unit building in the heart of Eastlake. Units feature views of Lake Union, washer/dryer in each unit, and on-site parking. There have been significant upgrades to the original electrical, plumbing, and HVAC systems including a new natural gas heating system. The vibrant neighborhood and quality of the property along with on-site parking and LR2 zoning make this an attractive investment opportunity in one of Seattle’s best rental markets. One studio is non-conforming.

Last Buyer's Agent

Helen Hitchcock

John L. Scott, Inc. License #50150

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 356954

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,267

Year Built

  • Built in 1924

Lot Details

  • 5,500

Home Design

  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,965 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Parking Spaces
  • Open Parking

Additional Features

  • 5,500 Sq Ft Lot
  • Natural Gas Connected

Community Details

  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2902201161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,267

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1924
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3965
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Natural Gas Connected

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2902201161
  • Lot Size Acres: 0.1263
  • Lot Size Sq Ft: 5500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 6050

Tax Info

  • Year: 2012
  • Tax Annual Amount: 7267

Multi Family

  • Number Of Units Total: 6
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2012
Closed on
Nov 29, 2012
Sold by
Bell Karen Lorene and Bell Donald R
Bought by
Queen Ruby & Co Llc
Buyer's Agent
Helen Hitchcock
John L. Scott, Inc.
List Price
$939,000
Sold Price
$823,800
Premium/Discount to List
-$115,200
-12.27%
Current Estimated Value
$1,762,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$938,922
Avg. Annual Appreciation
5.97%

Purchase Details

Closed on
Jun 1, 2002
Sold by
Bell Karen Lorene
Bought by
Bell Donald R and Bell Karen Lorene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 21, 1993
Sold by
Bell Donald Richard
Bought by
Bell Karen Lorene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Queen Ruby & Co Llc $823,800 Chicago Title
Bell Donald R -- Pacific Northwest Title
Bell Karen Lorene -- First American Title Insuran
Bell Karen Lorene $320,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bell Donald R $150,000
Previous Owner Bell Karen Lorene $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2012 11/30/12 Sold $823,800 -12.3% $208 / Sq Ft
09/25/2012 09/25/12 Pending -- -- --
05/15/2012 05/15/12 For Sale $939,000 -- $237 / 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 $17,885 $1,860,000 $1,859,000 $1,000
2023 $16,773 $1,772,000 $1,771,000 $1,000
2022 $11,802 $1,467,000 $1,323,000 $144,000
2021 $11,614 $1,263,000 $1,139,000 $124,000
2020 $11,826 $1,181,000 $1,068,000 $113,000
2018 $10,515 $1,217,000 $1,097,000 $120,000
2017 $9,453 $1,048,000 $949,000 $99,000
2016 $8,873 $974,000 $882,000 $92,000
2015 -- $893,000 $487,000 $406,000
2014 -- $746,000 $390,000 $356,000
2013 -- $698,000 $368,000 $330,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 356954

Northwest Multiple Listing Service (NWMLS)

APN: 290220-1161