Listed by Keller Williams North Seattle, Bought with Real Property Associates
$1,025,000
SOLD JAN 31, 2020
-- Bed
-- Bath
2,340 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$438 Per Sq Ft

27% Below List Price

200 Days on Market

Highlights

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

About This Home

As of July 2024

Great investment opportunity right in the heart of Ballard. Adorable duplex with a long and consistent rental history. Both sides are currently rented at market rents. The building is in solid, well-maintained vintage condition, and could be left as is or upgraded to the current trends. Could be developed into something new entirely or be a great owner-occupied home with an income stream. Zoned LR2(M) in the new Ballard Hub Urban Village Area.

Last Agent to Sell the Property

Kristi Sundquist

Keller Williams North Seattle License #27650 Listed on: 05/16/2019

Keller Williams North Seattle

Last Buyer's Agent

Michael Nelson

Real Property Associates License #23931

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1458257

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,038

Year Built

  • Built in 1965

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Value in Land

Home Design

  • Duplex
  • Fixer Upper
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,340 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Territorial Views

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0476000095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,038

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1965
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2340
  • Special Features: None
  • Cumulative Days on Market: 535

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Property Condition: Fixer
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0476000095
  • Lot Size Acres: 0.1148
  • Lot Size: 50x100
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 50400
  • Number Of Units Total: 2
  • Leasable Area: 2340
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 8038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jul 19, 2024
Sold by
Mrn Homes Llc
Bought by
Murray Elisa
Seller's Agent
Grecia Thomas
Real Property Associates
Buyer's Agent
Derik Strattan
Kelly Right RE of Seattle LLC
List Price
$649,950
Sold Price
$639,950
Premium/Discount to List
-$10,000
-1.54%
Views
14
Current Estimated Value
$651,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,403
Avg. Annual Appreciation
1.75%
Original Mortgage
$502,400
Outstanding Balance
$498,952
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$152,401

Purchase Details

Closed on
Dec 17, 2021
Sold by
Nelson Michael R and Nelson Laura J
Bought by
Mrn Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000,000
Interest Rate
2.98%
Mortgage Type
Construction

Purchase Details

Listed on
May 16, 2019
Closed on
Jan 27, 2020
Sold by
Crossett Michael A and Thomas S Crossett Credit Trust
Bought by
Nelson Michael R and Nelson Laura J
Seller's Agent
Kristi Sundquist
Keller Williams North Seattle
Buyer's Agent
Michael Nelson
Real Property Associates
List Price
$1,400,000
Sold Price
$1,025,000
Premium/Discount to List
-$375,000
-26.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.89%
Original Mortgage
$666,250
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2012
Sold by
Crossett Michael A
Bought by
Crossett Michael A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $628,000 Chicago Title
Warranty Deed -- Chicago Title
Warranty Deed $1,025,000 Chicago Title Ins Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $502,400 New Conventional
Previous Owner $30,000,000 Construction
Previous Owner $666,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold $639,950 0.0% $634 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
06/28/2024 06/28/24 Price Changed $639,950 +0.3% $634 / Sq Ft
05/31/2024 05/31/24 Sold $638,000 -1.8% $664 / Sq Ft
05/17/2024 05/17/24 For Sale $649,950 +0.3% $644 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $648,000 +1.6% $674 / Sq Ft
04/04/2024 04/04/24 Off Market $638,000 -- --
03/29/2024 03/29/24 For Sale $648,000 -10.3% $674 / Sq Ft
02/19/2024 02/19/24 Sold $722,500 -0.9% $667 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $729,000 -28.9% $673 / Sq Ft
01/31/2020 01/31/20 Sold $1,025,000 -6.4% $438 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
10/07/2019 10/07/19 Price Changed $1,095,000 -18.9% $468 / Sq Ft
06/11/2019 06/11/19 Price Changed $1,350,000 -3.6% $577 / Sq Ft
05/16/2019 05/16/19 For Sale $1,400,000 -- $598 / 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 $6,166 $643,000 $268,000 $375,000
2023 $5,156 $542,000 $240,000 $302,000
2022 $9,524 $282,000 $282,000 $0
2021 $8,588 $135,400 $134,400 $1,000
2020 $8,937 $856,000 $855,000 $1,000
2018 $8,172 $906,000 $905,000 $1,000
2017 $5,938 $803,000 $802,000 $1,000
2016 $5,496 $594,000 $569,000 $25,000
2015 $4,778 $537,000 $516,000 $21,000
2014 -- $476,000 $458,000 $18,000
2013 -- $439,000 $423,000 $16,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1458257

Northwest Multiple Listing Service (NWMLS)

APN: 047600-0095