Listed by Quorum Real Estate Prop. Mgmt.
NOT LISTED FOR SALE

2421 NW 59th St Seattle, WA 98107

Ballard Neighborhood

Estimated Value: $1,132,000 - $1,559,000

5 Beds
2 Baths
2,548 Sq Ft
$508/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $1,160,000 $455 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,977/month

15 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 3-minute walk to Ballard Playground
  • Adams Elementary School Rated A

About This Home

As of July 2021

Location, Location, Location! A wonderful opportunity for you to own an income producing property in the heart of Ballard. This 4-plex has seen zero vacancy in the last two years and nearly zero for years before that. A good unit mix with alley access and zoned LR3(m) if you want to redevelop. Property has two off-street parking in front and 4 enclosed garages in the back. Rents purposely keep low so big upside possible. 97% walk-score means a walker's paradise. Blocks from water, restaurants, shopping and historic Ballard. Minutes from Golden Gardens, Ballard Locks, Shilshole Marina, and award winning schools.

Last Agent to Sell the Property

Felix Rodriguez

Quorum Real Estate Prop. Mgmt. License #23839 Listed on: 05/11/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1772381

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,100

Year Built

  • Built in 1903

Lot Details

  • 4,650 Sq Ft Lot
  • Lot Dimensions are 30x100
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,548 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Adams Elementary School
  • Whitman Mid Middle School
  • Ballard High School

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767604005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,100

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1903
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2548
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 373

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Alley
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, See Remarks
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 5590

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Whitman Mid

Lot Info

  • Parcel Number: 2767604005
  • Lot Size Acres: 0.1067
  • Lot Size: 30X100
  • Lot Size Sq Ft: 4650
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 6208

Multi Family

  • Gross Scheduled Income: 65340
  • Net Operating Income: 40196
  • Number Of Units Total: 8
  • Electric Expense: 717
  • Insurance Expense: 1500
  • Leasable Area: 2548
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 12100

MLS Schools

  • Elementary School: Adams

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2022
Sold by
Conrad Lilleness
Bought by
Ballard4 Llc
Current Estimated Value
$1,295,618

Purchase Details

Listed on
May 11, 2021
Closed on
Jun 30, 2021
Sold by
Neuberger Eugene K
Bought by
Lilleness Conrad
Seller's Agent
Felix Rodriguez
Quorum Real Estate Prop. Mgmt.
List Price
$1,300,000
Sold Price
$1,160,000
Premium/Discount to List
-$140,000
-10.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.61%
Original Mortgage
$928,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 1989
Sold by
Neuberger Patricia G
Bought by
Neuberger Eugene K
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ballard4 Llc -- None Listed On Document
Lilleness Conrad $1,160,000 Chicago Title Company Of Wa
Neuberger Eugene K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lilleness Conrad $928,000
Previous Owner Neuberger Eugene K $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $1,160,000 -10.8% $455 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $1,300,000 -- $510 / 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 $11,187 $1,122,000 $1,116,000 $6,000
2023 $10,471 $1,168,000 $1,092,700 $75,300
2022 $11,439 $1,197,000 $1,069,500 $127,500
2021 $11,847 $1,215,000 $1,069,500 $145,500
2020 $12,101 $1,201,000 $1,023,000 $178,000
2018 $10,758 $1,130,000 $744,000 $386,000
2017 $8,424 $1,069,000 $651,000 $418,000
2016 $7,465 $858,000 $604,500 $253,500
2015 -- $751,000 $511,500 $239,500
2014 -- $643,000 $441,700 $201,300
2013 -- $639,000 $441,700 $197,300
Source: Public Records

Agents Affiliated with this Home

  • Felix Rodriguez

    Seller's Agent in 2021

    Felix Rodriguez

    Quorum Real Estate Prop. Mgmt.

    (206) 227-4773

    2 in this area

    42 Total Sales

    Felix Rodriguez
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1772381

Northwest Multiple Listing Service (NWMLS)

APN: 276760-4005

Washington King County Seattle 98107 Ballard

2421 NW 59th St, Seattle, WA

This home is located at 2421 NW 59th St, Seattle, WA 98107 since 11 May 2021 and is currently estimated at $1,295,618, approximately $508 per square foot. This property was built in 1903. 2421 NW 59th St is a home located in King County with nearby schools including Adams Elementary School, Whitman Middle School, and Ballard High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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