Listed by Lee & Associates Commercial RE, Bought with Next Horizon Realty
NOT LISTED FOR SALE

Estimated Value: $1,208,263 - $1,386,000

5 Beds
3 Baths
2,980 Sq Ft
$438/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $1,265,000 $424 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,994/month

14 Days on Market

Highlights

  • No HOA
  • Montlake Elementary School Rated A
  • Wall to Wall Carpet

About This Home

As of May 2022

Pride of ownership with thoughtful intent of maintaining the 1915 charm such as boxed beamed ceilings, original moldings and French doors intact. The Upper unit has a large living room with French doors that opens to a deck. The Middle and Lower units feature boxed beam ceiling and dining room. The Middle Unit also has a fireplace and generously-sized living room. The unit configurations allow the top two units to be easily converted back to a 4 Bed/2 Ba single family residence with rentable 1 Bed/1 Ba MIL unit for extra income. Nestled in a strong appreciation area, Lynn Street is perfect for an owner occupant who is looking to get additional rental income from the other units or investor looking for a value-add investment property.

Last Agent to Sell the Property

Chris Larsen

Lee & Associates Commercial RE License #21016669 Listed on: 03/17/2022

Co-Listed By

Dea Sumantri

Lee & Associates Commercial RE License #21001837

Last Buyer's Agent

Steve Morrow

Next Horizon Realty License #24660

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1902256

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,543

Year Built

  • Built in 1915

Lot Details

  • 3,100 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,980 Sq Ft Home
  • 3-Story Property
  • Wall to Wall Carpet

Parking

  • 1 Parking Space
  • Open Parking

Community Details

  • No Home Owners Association
  • Montlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8722100003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,543

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1915
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2980
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Tile
  • Lot Features: Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 5933

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8722100003
  • Lot Size Acres: 0.0712
  • Lot Size Sq Ft: 3100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Parcel Viewer
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19.3
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 5575

Multi Family

  • Gross Scheduled Income: 66900
  • Net Operating Income: 42871
  • Number Of Units Total: 3
  • Insurance Expense: 2064
  • Leasable Area: 2700
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 12543

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2024
Sold by
Chengalvarayan Ganesan
Bought by
Gunny Family Living Trust and Chengalvarayan
Current Estimated Value
$1,305,816

Purchase Details

Listed on
Mar 17, 2022
Closed on
May 12, 2022
Sold by
Lynn Street Apartments Llc
Bought by
Chengalvarayan Ganesan
Seller's Agent
Chris Larsen
Lee & Associates Commercial RE
Buyer's Agent
Steve Morrow
Next Horizon Realty
List Price
$1,295,000
Sold Price
$1,265,000
Premium/Discount to List
-$30,000
-2.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.94%
Original Mortgage
$1,001,700
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2000
Sold by
Hoover Ladd R and Hoover Joyce
Bought by
Lynn Street Apartments Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gunny Family Living Trust $313 None Listed On Document
Chengalvarayan Ganesan $1,265,000 Fidelity National Title
Lynn Street Apartments Llc -- Pacific Nw Title
Hoover John Gerry -- Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chengalvarayan Ganesan $1,001,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $1,265,000 -2.3% $424 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $1,295,000 -- $435 / 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 $12,852 $1,349,000 $760,000 $589,000
2023 $11,964 $1,276,000 $724,000 $552,000
2022 $12,543 $1,602,000 $507,000 $1,095,000
2021 $12,355 $1,379,000 $437,000 $942,000
2020 $12,614 $1,290,000 $410,000 $880,000
2018 $10,968 $1,289,000 $422,000 $867,000
2017 $7,448 $1,118,000 $370,000 $748,000
2016 $6,976 $778,000 $360,000 $418,000
2015 $6,006 $711,000 $327,000 $384,000
2014 -- $625,000 $273,000 $352,000
2013 -- $654,000 $260,000 $394,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1902256

Northwest Multiple Listing Service (NWMLS)

APN: 872210-0003