Listed by The Agency Seattle, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $1,414,854 - $1,633,000

6 Beds
3 Baths
3,000 Sq Ft
$523/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $1,100,000 $367 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $9,380/month

3 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 1-minute walk to Alki Beach Park
  • Alki Elementary School Rated A-

About This Home

As of May 2020

Investor Alert! Rare Alki Triplex 1/2 block to beach offers a solid investment & upside potential. 3 townhome-style units all feature 1,000 sq. ft., 2BD/1.5Ba, hardwoods, in-unit W/D. 2 units remodeled since 2015 & 1 in original condition. 2-car gar & 2 off-street parking spots. 100% occupied…2 tenants w/ month-to-month leases w/ 3rd lease expiring in Aug. Two units currently rented below market. Steps to Alki’s hip restaurants, pubs/coffee shops, sandy beach & more! PLS. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Sandra Hines

The Agency Seattle License #77952 Listed on: 04/18/2020

The Agency Seattle

Last Buyer's Agent

Jodie Weir

eXp Realty License #86209

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1591372

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,801

Year Built

  • Built in 1953

Lot Details

  • 4,802 Sq Ft Lot

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Concrete
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Alki Elementary School
  • Madison Mid Middle School
  • West Seattle High School

Community Details

  • Alki Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6371000025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,801

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1953
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3000
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Concrete, Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Concrete, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

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
  • Utilities: Natural Gas Available, Sewer Connected, Oil
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 3840

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle
  • High School: West Seattle High
  • Middle Or Junior School: Madison Mid

Lot Info

  • Parcel Number: 6371000025
  • Lot Size Acres: 0.1102
  • Lot Size Sq Ft: 4802
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Oil

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5795

Multi Family

  • Gross Scheduled Income: 69540
  • Net Operating Income: 48988
  • Number Of Units Total: 3
  • Insurance Expense: 2700
  • Leasable Area: 3000
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 8801

MLS Schools

  • Elementary School: Alki

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2021
Sold by
Chin Michael and Gornalusse German
Bought by
Chin Gornalusse Aiki Llc
Current Estimated Value
$1,568,464

Purchase Details

Listed on
Apr 18, 2020
Closed on
May 16, 2020
Sold by
Lakota Properties Llc
Bought by
Chin Michael and Gornalusse German
Seller's Agent
Sandra Hines
The Agency Seattle
Buyer's Agent
Jodie Weir
eXp Realty
List Price
$1,100,000
Sold Price
$1,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%
Original Mortgage
$825,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2002
Sold by
Bretl Mark and Ko Janet
Bought by
Lakota Properties Llc

Purchase Details

Closed on
Jun 19, 2002
Sold by
Bretl Mark A
Bought by
Bretl Mark and Ko Janet

Purchase Details

Closed on
May 20, 1999
Sold by
Ko Janet J
Bought by
Bretl Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
6.86%
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
Chin Gornalusse Aiki Llc -- None Available
Chin Michael $1,100,000 Cw Title
Lakota Properties Llc -- --
Bretl Mark -- --
Bretl Mark A -- Evergreen Title Company Inc
Bretl Mark A $425,000 Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chin Michael $825,000
Previous Owner Bretl Mark A $318,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $1,100,000 0.0% $367 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
04/18/2020 04/18/20 For Sale $1,100,000 -- $367 / 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 $12,769 $1,291,000 $897,000 $394,000
2023 $12,159 $1,321,000 $829,000 $492,000
2022 $11,082 $1,402,000 $803,000 $599,000
2021 $10,062 $1,172,000 $740,000 $432,000
2020 $9,887 $1,007,000 $520,000 $487,000
2018 $8,968 $991,000 $519,000 $472,000
2017 $7,783 $880,000 $471,000 $409,000
2016 $7,472 $787,000 $449,000 $338,000
2015 $7,210 $739,000 $422,000 $317,000
2014 -- $732,000 $350,000 $382,000
2013 -- $629,000 $305,000 $324,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1591372

Northwest Multiple Listing Service (NWMLS)

APN: 637100-0025