Listed by Windermere Real Estate Midtown, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $1,046,514 - $1,203,000

-- Bed
-- Bath
3,360 Sq Ft
$328/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $1,030,000 $307 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,753/month

9 Days on Market

Highlights

  • Bay View
  • Softwood Flooring
  • Patio
  • Beacon Hill International Elementary Rated 9+
  • No HOA
  • High Speed Internet

About This Home

As of May 2024

This is the spot! Opportunity & options abound in this amazing location in North Beacon Hill. 6000SF Lot Zoned LR2 (M). 4-plex allows you to get rental income while you execute your vision on this large centrally located lot. Or live in the beautiful upstairs unit with gorgeous fir floors, enjoying mountain & bay views, all while generating rental income. Lovely craftsman details throughout maintain the original charm. Just blocks to light rail, top tier restaurants, coffee, shops, amenities, parks, commutes, etc. Easy access to all parts of the city. Residents cherish the convenient location & garden spaces. 3 off-street parking spaces & 1-car garage. Value in land! Current rents are below market.

Last Agent to Sell the Property

Nahjeen Shirazi-Wu

Windermere Real Estate Midtown License #124416 Listed on: 04/15/2024

Windermere Real Estate Midtown

Co-Listed By

Diane Terry

Windermere Real Estate Midtown License #8546

Last Buyer's Agent

Jared Holland

COMPASS License #27819

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2222860

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,311

Year Built

  • Built in 1910

Lot Details

  • 6,000 Sq Ft Lot
  • Partially Fenced Property
  • Value in Land

Property Views

  • Bay
  • City
  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,360 Sq Ft Home
  • 3-Story Property

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Radiant Heating System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • N Beacon Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5393600460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,311

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1910
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3360
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Softwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Fir/Softwood, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement,See Remarks

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s), Territorial
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 4805

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1709

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5393600460
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 28.8
  • LeasedItems: None
  • TotalMonthlyIncome: 41244

Multi Family

  • Gross Scheduled Income: 41244
  • Net Operating Income: 9289
  • Number Of Units Total: 4
  • Electric Expense: 1296
  • Insurance Expense: 4745
  • Leasable Area: 2823
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 25

Tax Info

  • Year: 2023
  • Tax Annual Amount: 10311

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
May 13, 2024
Sold by
Red Cypress Llc
Bought by
H & T Management Llc
Seller's Agent
Nahjeen Shirazi-Wu
Windermere Real Estate Midtown
Buyer's Agent
Jared Holland
COMPASS
List Price
$1,188,000
Sold Price
$1,030,000
Premium/Discount to List
-$158,000
-13.3%
Views
19
Current Estimated Value
$1,102,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,171
Avg. Annual Appreciation
4.92%
Original Mortgage
$772,500
Outstanding Balance
$761,668
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$340,503

Purchase Details

Closed on
Jul 13, 2023
Sold by
Durand Jennifer
Bought by
Red Cypress Llc

Purchase Details

Closed on
May 28, 2008
Sold by
Chan Sau Yu
Bought by
Yun Jong Suk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
5.87%
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
H & T Management Llc $1,030,000 First American Title
Red Cypress Llc -- None Listed On Document
Durand Jennifer -- None Listed On Document
Yun Jong Suk $610,000 Talon Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open H & T Management Llc $772,500
Previous Owner Yun Jong Suk $457,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2024 05/14/24 Sold $1,030,000 -13.3% $307 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
04/13/2024 04/13/24 For Sale $1,188,000 -- $354 / 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 $10,911 $1,065,000 $720,000 $345,000
2023 $10,311 $1,065,000 $720,000 $345,000
2022 $10,731 $1,151,000 $720,000 $431,000
2021 $10,676 $1,112,000 $720,000 $392,000
2020 $9,405 $1,055,000 $720,000 $335,000
2018 $7,965 $865,000 $660,000 $205,000
2017 $6,731 $761,000 $540,000 $221,000
2016 $5,137 $660,000 $360,000 $300,000
2015 -- $481,000 $360,000 $121,000
2014 -- $428,000 $240,000 $188,000
2013 -- $420,000 $240,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2222860

Northwest Multiple Listing Service (NWMLS)

APN: 539360-0460