Listed by Lee & Associates Commercial RE, Bought with Lake & Company
NOT LISTED FOR SALE
12 Beds
6 Baths
7,100 Sq Ft
5,500 Sq Ft Lot

Sale Details

Date Sold: September 18, 2017

Last sale price $3,925,000 $553 Per Sq Ft

18 Days on Market

Highlights

  • Lake View
  • 0.13 Acre Lot
  • Corner Lot
  • Montlake Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to Rogers Playground

About This Home

As of September 2017

Mersoleil Franklin is a turn-key 9 unit apartment building in Eastlake on a 5,500 SQFT corner lot zoned LR2. Built in 1962. Remodeled in 2009, including a new roof, paint, windows, decks with glass and metal railings, and a perimeter foundation drainage system. Interiors were upgraded with new flooring, door & plumbing hardware, updated lighting and millwork. The kitchens feature stainless steel appliances, cabinets, granite countertops. Units have patios or balconies with views of Lake Union.

Last Agent to Sell the Property

Candice Chevaillier, CCIM

Lee & Associates Commercial RE License #18886 Listed on: 06/01/2017

Last Buyer's Agent

Joseph Goldberg

Lake & Company License #114035

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1135617

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,531

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 5,500 Sq Ft Lot
  • Corner Lot

Parking

  • Open Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 7,100 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Lake Views

Flooring

  • Wood
  • Wall to Wall Carpet

Schools

  • Seattle Public Sch Elementary And Middle School
  • Seattle Public Sch High School

Utilities

  • Radiator

Community Details

  • Mersoleil Franklin Condos
  • Eastlake Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 5
  • Assessor Parcel Number 1959700185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,531

Year Built

Built in 1962 | Remodeled

Lot Details

5,500 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1962
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Mersoleil Franklin
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 7100
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Radiator, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: Lake
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Property Condition: Remodeled

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

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

Schools

  • Junior High Dist: Seattle
  • High School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch

Lot Info

  • Parcel Number: 1959700185
  • Lot Size Acres: 0.1263
  • Lot Size Sq Ft: 5500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Parcel Viewer
  • ZoningClass: Multi-Family
  • LotNumber: 16

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 19345

Tax Info

  • Year: 2017
  • Tax Annual Amount: 22531

Multi Family

  • Number Of Units Total: 9
  • Electric Expense: 3199
  • UnitsBelowGrade: true

MLS Schools

  • Elementary School: Seattle Public Sch

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2017
Closed on
Sep 13, 2017
Sold by
Bought by
Seller's Agent
Candice Chevaillier, CCIM
Lee & Associates Commercial RE
Buyer's Agent
Joseph Goldberg
Lake & Company
List Price
$3,950,000
Sold Price
$3,925,000
Premium/Discount to List
-$25,000
-0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,375,000
Interest Rate
0.0393%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,223,000
Interest Rate
0.0514%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 25, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
0.0741%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 1977
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,925,000 Ticor Title
$1,459,900 First American
-- First American
-- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $4,340,000
Closed $2,375,000
Previous Owner $1,600,000
Previous Owner $1,462,000
Previous Owner $260,000
Previous Owner $1,223,000
Previous Owner $522,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/18/2017 09/18/17 Sold $3,925,000 -0.6% $553 / Sq Ft
06/20/2017 06/20/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $3,950,000 -- $556 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $31,420 $3,062,000 $1,402,500 $1,659,500
2024 $27,506 $2,880,000 $1,485,000 $1,395,000
2023 $30,781 $3,631,000 $1,485,000 $2,146,000
2022 $31,158 $3,682,000 $1,320,000 $2,362,000
2021 $37,171 $3,434,000 $1,320,000 $2,114,000
2020 $30,070 $3,908,000 $1,430,000 $2,478,000
2018 $26,124 $2,877,000 $1,100,000 $1,777,000
2017 $22,531 $2,666,000 $770,000 $1,896,000
2016 $18,282 $2,374,000 $522,500 $1,851,500
2015 -- $1,885,000 $522,500 $1,362,500
2014 -- $1,750,000 $522,500 $1,227,500
2013 -- $1,436,000 $522,500 $913,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1135617

Northwest Multiple Listing Service (NWMLS)
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