Listed by Paragon Real Estate Advisors, Bought with Westlake Associates, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
13,700 Sq Ft
7,680 Sq Ft Lot

Last Sold October 23, 2019

Last sale price $6,400,000 $467 Per Sq Ft

149 Days on Market

About This Home

As of October 2019

This is a classic 1929 brick building in an excellent North Capitol Hill location. Building offers 20 well maintained units with renovation potential as units have not recently been updated. There is a clear value add opportunity if someone wanted to update the units to today's standards. The building offers garage parking with space for 6, a common laundry area and an updated electrical system.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 03/06/2019

Co-Listed By

Peter Larsen

Paragon Real Estate Advisors License #23639

Last Buyer's Agent

Chad Martini

Westlake Associates, Inc. License #118627

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1419831

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $58,036

Year Built

  • Built in 1929

Lot Details

  • 7,680 Sq Ft Lot

Parking

  • 6 Covered Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 13,700 Sq Ft Home
  • 3-Story Property

Community Details

  • North Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1912101055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$58,036

Year Built

Built in 1929

Lot Details

7,680 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1929
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 13700
  • Special Features: None

Interior Features

  • Possible Use: Industrial, Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking: No
  • Total Parking Spaces: 6

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1912101055
  • Lot Size Acres: 0.1763
  • Lot Size Sq Ft: 7680
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Industrial-Light,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 32015

Tax Info

  • Year: 2018
  • Tax Annual Amount: 58036

Multi Family

  • Number Of Units Total: 20
  • UnitsBelowGrade: false
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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
10/23/2019 10/23/19 Sold $6,400,000 -0.8% $467 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $6,450,000 -- $471 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $47,572 $5,019,000 $2,457,600 $2,561,400
2023 $53,549 $6,311,000 $2,457,600 $3,853,400
2022 $57,371 $6,444,000 $1,804,800 $4,639,200
2021 $60,920 $6,366,000 $1,804,800 $4,561,200
2020 $66,817 $6,426,000 $2,150,400 $4,275,600
2018 $52,455 $6,405,000 $1,420,800 $4,984,200
2017 $51,201 $5,394,000 $1,420,800 $3,973,200
2016 $43,193 $5,450,000 $768,000 $4,682,000
2015 $35,288 $4,495,000 $768,000 $3,727,000
2014 -- $3,751,000 $768,000 $2,983,000
2013 -- $3,378,000 $768,000 $2,610,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1419831

Northwest Multiple Listing Service (NWMLS)
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