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

Sale Details

Date 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
  • Structure Type: Multi Family
  • 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2019
Closed on
Oct 17, 2019
Sold by
Bought by
Seller's Agent
Cathy Jeney
Paragon Real Estate Advisors
Buyer's Agent
Chad Martini
Westlake Associates, Inc.
List Price
$6,450,000
Sold Price
$6,400,000
Premium/Discount to List
-$50,000
-0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Interest Rate
0.035%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 11, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Interest Rate
0.038%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2000
Sold by
Bought by
Source: Public Records
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,386,500 Fidelity National Title
$4,342,000 Fidelity National Title
-- Pacific Nw Title
-- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,200,000
Previous Owner $3,150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $55,213 $5,421,000 $2,304,000 $3,117,000
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

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1419831

Northwest Multiple Listing Service (NWMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.