NOT LISTED FOR SALE

Estimated Value: $1,346,000 - $2,410,000

6 Beds
3 Baths
3,780 Sq Ft
$539/Sq Ft Est. Value

Last Sold July 05, 2013

Last sale price $970,000 $257 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $12,089/month

3 Days on Market

Highlights

  • Thermal Windows
  • Wall to Wall Carpet
  • 2-minute walk to Ballard Playground
  • Adams Elementary School Rated A

About This Home

As of July 2013

Meticulously maintained building with solid tenants. New roof April, 2008 (30-yr architectural composite). All apartments remodeled 2007-2008 including paint, floor coverings, heaters and thermostats, many appliances, bathroom fans and timers, window treatments, security mailboxes, landlordlocks master key system. Many plumbing (faucets, toilets, controls) and electrical (GFCI outlets, fixtures, outlets, laundry panel) upgrades. Major re-landscaping, rodent prevention treatments and program.

Co-Listed By

Paul Waln

Skyline Properties, Inc. License #21001225

Skyline Properties, Inc.

Last Buyer's Agent

Robert Wright

Capstone Commercial License #1984

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 478186

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,071

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 4,661

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 3,780 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Ballard High School

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767603990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,071

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1964
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3780
  • Special Features: None
  • Cumulative Days on Market: 363

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stone, Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 3984

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High

Lot Info

  • Parcel Number: 2767603990
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 5750

Multi Family

  • Gross Scheduled Income: 69000
  • Net Operating Income: 55093
  • Number Of Units Total: 4
  • Electric Expense: 226
  • Insurance Expense: 2624
  • Leasable Area: 3600
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 7071

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2013
Closed on
May 21, 2013
Sold by
Clarenburg Nathan and Kaufman Leah
Bought by
Orita Koichi and Hudson Betsy
Buyer's Agent
Robert Wright
Capstone Commercial
List Price
$998,000
Sold Price
$970,000
Premium/Discount to List
-$28,000
-2.81%
Current Estimated Value
$2,037,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,067,181
Avg. Annual Appreciation
6.07%
Original Mortgage
$630,000
Interest Rate
3.57%

Purchase Details

Closed on
Oct 29, 2007
Sold by
Humber Michael H
Bought by
Clarenburg Nathan and Kaufman Leah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
6.29%

Purchase Details

Closed on
Oct 3, 2002
Sold by
Humber Cheryl L
Bought by
Humber Michael H

Purchase Details

Closed on
Mar 1, 1994
Sold by
Aklile Wehibe and Lakew Tsehay
Bought by
Humber Mike H and Humber Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7%
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
Orita Koichi $970,000 First American
Clarenburg Nathan $960,000 Chicago Title
Humber Michael H -- Chicago Title
Humber Mike H $275,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orita Koichi $539,000
Closed Orita Koichi $327,000
Closed Orita Koichi $630,000
Previous Owner Clarenburg Nathan $672,000
Previous Owner Humber Mike H $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2013 07/05/13 Sold $970,000 -2.8% $257 / Sq Ft
04/29/2013 04/29/13 Pending -- -- --
04/25/2013 04/25/13 For Sale $998,000 -- $264 / 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 $12,134 $1,225,000 $1,116,000 $109,000
2023 $12,632 $1,307,000 $1,092,700 $214,300
2022 $12,648 $1,394,000 $1,069,500 $324,500
2021 $13,300 $1,352,000 $1,069,500 $282,500
2020 $13,633 $1,357,000 $1,023,000 $334,000
2018 $11,772 $1,188,000 $744,000 $444,000
2017 $9,709 $1,175,000 $651,000 $524,000
2016 $8,385 $997,000 $604,500 $392,500
2015 -- $848,000 $511,500 $336,500
2014 -- $723,000 $441,700 $281,300
2013 -- $673,000 $441,700 $231,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 478186

Northwest Multiple Listing Service (NWMLS)

APN: 276760-3990