NOT LISTED FOR SALE

Estimated Value: $2,200,000 - $2,678,000

-- Bed
-- Bath
4,868 Sq Ft
$492/Sq Ft Est. Value

Last Sold June 21, 2016

Last sale price $1,528,000 $314 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $14,496/month

12 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Patio
  • Mcclure Middle School Rated A-
  • Wood Flooring
  • Property is in very good condition

About This Home

As of June 2016

A testament to urban livability: Lawrence & Hazen: Named for its Mad Men era architects, with just 4 owner-stewards since its birth. Nestled among owner-occupied neighbors yet at the edge of downtown’s burgeoning Interbay technology corridor. Nearly 5,000 SF building on 7,000 SF lot w/ 4 parking spaces. Adjacent 4,000 SF lot also available (see MLS 931594): Build another! Height-agreement protects downtown skyline, bay, Seattle Space Needle view. Architectural integrity, virtuous condition.

Last Listed By

Edward Krigsman

Windermere Real Estate Co. License #2270 Listed on: 04/27/2016

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 931591

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,795

Year Built

  • Built in 1956

Lot Details

  • 6,925 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Views of a Sound
  • Bay
  • City
  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 4,868 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Lawton Elementary School
  • Catharine Blaine K-8 Middle School
  • Ballard High School

Utilities

  • Cable TV Available

Community Details

  • Gilmans Add Condos
  • Magnolia Subdivision

Listing and Financial Details

  • Legal Lot and Block 12-13 / 190
  • Assessor Parcel Number 2771604110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,795

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1956
  • Buyer Agency Compensation: 2.65%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Gilmans Add
  • New Construction: No
  • CalculatedSquareFootage: 4868
  • Special Features: None
  • Cumulative Days on Market: 303

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Slate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Torch Down
  • View: Bay, City, Mountain(s), Sound, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stone, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Seattle Combined Utilities
  • WaterCompany: Seattle Combined Utilities
  • WaterSewerGarbage: 3949

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Catharine Blaine K-8

Lot Info

  • Parcel Number: 2771604110
  • Lot Size Acres: 0.159
  • Lot Size Sq Ft: 6925
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,Patio,Shop
  • MLSLotSizeSource: KCAR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 12-13

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 6270

Multi Family

  • Gross Scheduled Income: 74520
  • Net Operating Income: 50953
  • Number Of Units Total: 6
  • Electric Expense: 232
  • Insurance Expense: 1573
  • Leasable Area: 4080
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 9795

MLS Schools

  • Elementary School: Lawton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2016
Closed on
Jun 20, 2016
Sold by
432 Bellevue East Corp
Bought by
Galer St Properties Llc
Seller's Agent
Edward Krigsman
Windermere Real Estate Co.
List Price
$1,528,000
Sold Price
$1,528,000
Total Days on Market
12
Current Estimated Value
$2,395,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$867,024
Avg. Annual Appreciation
5.13%
Original Mortgage
$600,000
Interest Rate
3.61%

Purchase Details

Closed on
Mar 5, 1990
Sold by
Bennett Lawrence
Bought by
432 Bellevue East Corp
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
Galer St Properties Llc $1,528,000 Chicago Title
432 Bellevue East Corp $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galer St Properties Llc $584,000
Closed Galer St Properties Llc $600,000
Previous Owner 432 Bellevue East Corp $194,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2016 06/21/16 Sold $1,528,000 0.0% $314 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $1,528,000 -- $314 / 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 $13,241 $1,300,000 $1,246,500 $53,500
2023 $13,323 $1,555,000 $1,246,500 $308,500
2022 $15,027 $1,504,000 $1,142,600 $361,400
2021 $16,074 $1,583,000 $1,142,600 $440,400
2020 $14,915 $1,621,000 $1,142,600 $478,400
2018 $13,223 $1,392,000 $1,038,700 $353,300
2017 $11,145 $1,300,000 $761,700 $538,300
2016 $9,795 $1,127,000 $623,200 $503,800
2015 -- $963,000 $623,200 $339,800
2014 -- $845,000 $554,000 $291,000
2013 -- $779,000 $554,000 $225,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 931591

Northwest Multiple Listing Service (NWMLS)

APN: 277160-4110