Listed by Paragon Real Estate Advisors
NOT LISTED FOR SALE

2315 W Lynn St Seattle, WA 98199

Southeast Magnolia Neighborhood
-- Bed
-- Bath
4,480 Sq Ft
4,000 Sq Ft Lot

Last Sold May 16, 2023

Last sale price $2,065,000 $461 Per Sq Ft

133 Days on Market

About This Home

As of May 2023

Built in 1970 and located in Magnolia, this offering presents an opportunity to purchase a prime asset in a quiet neighborhood with fantastic views. The property features six 1-bed units and one Studio unit, three of which have been fully updated with high end finishes and washers and dryers. The new owner will find immediate value add through increasing the below market rents and modernizing the remaining units upon turnover.

Last Agent to Sell the Property

Jacob Odegard

Paragon Real Estate Advisors License #120796 Listed on: 10/18/2022

Co-Listed By

Nick Hemming

Paragon Real Estate Advisors License #120684

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2008761

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,613

Year Built

  • Built in 1970

Lot Details

  • 4,000 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Wood Composite

Interior Spaces

  • 4,480 Sq Ft Home
  • 4-Story Property

Parking

  • 7 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2771603445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,613

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1970
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4480
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • WaterSewerGarbage: 10345

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2771603445
  • Lot Size Acres: 0.0918
  • Lot Size Sq Ft: 4000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.95
  • LeasedItems: None
  • TotalMonthlyIncome: 11235

Multi Family

  • Gross Scheduled Income: 134820
  • Net Operating Income: 92818
  • Number Of Units Total: 7
  • Insurance Expense: 4599
  • Leasable Area: 4480
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2022
  • Tax Annual Amount: 14613

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2023 05/16/23 Sold $2,065,000 -4.0% $461 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
01/19/2023 01/19/23 Price Changed $2,150,000 -6.5% $480 / Sq Ft
10/18/2022 10/18/22 For Sale $2,300,000 +47.9% $513 / Sq Ft
07/31/2019 07/31/19 Sold $1,555,000 -13.6% $355 / Sq Ft View Prior Sale
05/06/2019 05/06/19 Pending -- -- --
04/09/2019 04/09/19 For Sale $1,800,000 -- $411 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jacob Odegard

    Paragon Real Estate Advisors

    Section Image
  • Nick Hemming

    Seller Co-Listing Agent in 2023

    Nick Hemming

    Paragon Real Estate Advisors

    (206) 812-9105

    1 in this area

    46 Total Sales

    Nick Hemming
    Section Image
  • Paul Mickley

    Seller Co-Listing Agent in 2019

    Paul Mickley

    Paragon Real Estate Advisors

    (206) 623-8880

    1 in this area

    4 Total Sales

    Paul Mickley
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2008761

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98199 Southeast Magnolia

2315 W Lynn St, Seattle, WA

This home is located at 2315 W Lynn St, Seattle, WA 98199 since 18 October 2022. This property was built in 1970. 2315 W Lynn St is a home located in King County with nearby schools including Mcclure Middle School, Ballard High School, and Our Lady of Fatima School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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