Listed by Lake & Company, Bought with Lake & Company
NOT LISTED FOR SALE

Estimated Value: $968,000 - $1,368,000

-- Bed
-- Bath
1,776 Sq Ft
$633/Sq Ft Est. Value

Last Sold November 08, 2017

Last sale price $740,000 $417 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,757/month

4 Days on Market

Highlights

  • Wood Siding
  • 1-Story Property
  • 2-minute walk to Bayview Playground
  • Mcclure Middle School Rated A-

About This Home

As of November 2017

Rare side-by-side 4 plex w/great re-hab potential. Units are 1bed/1bath. View from sidewalk only. DO NOT disturb tenants or walk the property. No Sign. No Access. Sold As-Is. Lots of upside potential to restore these perfectly located, under rented, units. Zoning is SF 5000. Land use is multi family. Lot/matching building next door @2801 is also available, listing #1207880. Call helpful LB's with any questions.

Last Agent to Sell the Property

Katherine Ghiglione

Lake & Company License #35129 Listed on: 10/18/2017

Lake & Company

Co-Listed By

Lisa Wallace-Baker

Lake & Company License #9194

Last Buyer's Agent

Larry Crites

Lake & Company License #8471

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1207899

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,480

Year Built

  • Built in 1955

Lot Details

  • 6,000 Sq Ft Lot

Home Design

  • Quadruplex
  • Fixer Upper
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property

Community Details

  • Gilman's Addition Condos
  • Interbay Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 14
  • Assessor Parcel Number 2770601045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,480

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1955
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Gilman's Addition
  • New Construction: No
  • CalculatedSquareFootage: 1776
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle Utilities
  • WaterCompany: City of Seattle Utilities
  • WaterSewerGarbage: 3182

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2770601045
  • Lot Size Acres: 0.1377
  • Lot Size: 6000
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Residential
  • LotNumber: 8

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 27
  • LeasedItems: None
  • TotalMonthlyIncome: 3250

Multi Family

  • Gross Scheduled Income: 39000
  • Net Operating Income: 17231
  • Number Of Units Total: 4
  • Electric Expense: 273
  • Insurance Expense: 975
  • Leasable Area: 1776
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 25

Tax Info

  • Year: 2017
  • Tax Annual Amount: 6480

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2017 11/08/17 Sold $740,000 -6.9% $417 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $795,000 -- $448 / 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 $8,160 $805,000 $480,000 $325,000
2023 $7,856 $900,000 $480,000 $420,000
2022 $8,465 $877,000 $420,000 $457,000
2021 $8,898 $880,000 $420,000 $460,000
2020 $8,172 $886,000 $420,000 $466,000
2018 $7,506 $728,000 $450,000 $278,000
2017 $6,480 $730,000 $390,000 $340,000
2016 $5,711 $649,000 $311,000 $338,000
2015 -- $556,000 $266,000 $290,000
2014 -- $488,000 $257,000 $231,000
2013 -- $443,000 $234,000 $209,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1207899

Northwest Multiple Listing Service (NWMLS)

APN: 277060-1045