Listed by Skyline Properties, Inc., Bought with Windermere West Metro
NOT LISTED FOR SALE

Estimated Value: $1,086,000 - $1,364,000

6 Beds
3 Baths
2,920 Sq Ft
$408/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $900,000 $308 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $7,085/month

8 Days on Market

Highlights

  • Corner Lot
  • Property is in very good condition
  • 5-minute walk to College Street Ravine
  • Alki Elementary School Rated A-
  • Wood Siding

About This Home

As of December 2020

Retro mid-century brick triplex. North Admiral near Alki and Admiral Junction and public transportation. Fresh paint, original birch cabinets & tiles. Meticulously maintained, with some updates and mid-century style. All units are non-smoking, with Dishwasher, built-in Microwave, Self-Clean Range and coin laundry, large private storage rooms. One car garage for additional income. 5 off street parking spaces. Please do not approach or disturb residents.

Last Agent to Sell the Property

Lawrence Nitkey

Skyline Properties, Inc. License #11040 Listed on: 11/12/2020

Skyline Properties, Inc.

Last Buyer's Agent

Michael Kirk

Windermere West Metro License #18207

Windermere West Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1686255

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,002

Year Built

  • Built in 1960

Lot Details

  • 4,075 Sq Ft Lot
  • Corner Lot
  • Property is in very good condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 2,920 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • West Seattle Park Condos
  • Admiral Subdivision

Listing and Financial Details

  • Legal Lot and Block 24 and 25 / 41
  • Assessor Parcel Number 9281700120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,002

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1960
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: West Seattle Park
  • New Construction: No
  • CalculatedSquareFootage: 2920
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition, Torch Down
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3928

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9281700120
  • Lot Size Acres: 0.0935
  • Lot Size Sq Ft: 4075
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 24 and 25

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 4990

Multi Family

  • Gross Scheduled Income: 59880
  • Net Operating Income: 45958
  • Number Of Units Total: 4
  • Electric Expense: 483
  • Insurance Expense: 669
  • Leasable Area: 2360
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2020
Closed on
Dec 29, 2020
Sold by
Nitkey Lawrence P
Bought by
Collins Seth and Arnett William S
Seller's Agent
Lawrence Nitkey
Skyline Properties, Inc.
Buyer's Agent
Michael Kirk
Windermere West Metro
List Price
$940,000
Sold Price
$900,000
Premium/Discount to List
-$40,000
-4.26%
Current Estimated Value
$1,192,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,159
Avg. Annual Appreciation
6.08%
Original Mortgage
$720,000
Outstanding Balance
$642,489
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$549,670

Purchase Details

Closed on
Jan 22, 2020
Sold by
Nitkey Carla Giuliana
Bought by
Nitkey Lawrence P

Purchase Details

Closed on
May 23, 2005
Sold by
Nitkey John W and Nitkey Frances L
Bought by
Nitkey Lawrence P and Nitkey Carla G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,658,550
Interest Rate
5.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 9, 2004
Sold by
Nitkey John W and Nitkey Frances L
Bought by
Nitkey John W and Nitkey Frances L

Purchase Details

Closed on
Dec 31, 2003
Sold by
Nitkey John W and Nitkey Frances L
Bought by
Khan Mohammad and Adams Janice R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
4.2%
Mortgage Type
Balloon
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
Collins Seth $900,000 First American Title
Nitkey Lawrence P -- First American Title Company
Nitkey Lawrence P $1,658,550 --
Nitkey John W -- --
Khan Mohammad $410,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Seth $720,000
Previous Owner Nitkey Lawrence P $1,658,550
Previous Owner Khan Mohammad $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $900,000 -4.3% $308 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $940,000 -- $322 / 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 $8,880 $884,000 $738,000 $146,000
2023 $8,874 $904,000 $682,000 $222,000
2022 $7,695 $959,000 $661,000 $298,000
2021 $8,144 $802,000 $609,000 $193,000
2020 $8,002 $813,000 $335,000 $478,000
2018 $7,262 $800,000 $335,000 $465,000
2017 $6,304 $711,000 $304,000 $407,000
2016 $6,050 $636,000 $290,000 $346,000
2015 $5,352 $597,000 $273,000 $324,000
2014 -- $539,000 $224,000 $315,000
2013 -- $463,000 $195,000 $268,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1686255

Northwest Multiple Listing Service (NWMLS)

APN: 928170-0120