Listed by Quorum Real Estate Prop. Mgmt., Bought with RE/MAX Metro Realty, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,043,688 - $1,368,000

5 Beds
3 Baths
3,690 Sq Ft
$333/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $915,000 $248 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,504/month

33 Days on Market

Highlights

  • Bay View
  • Wall to Wall Carpet
  • 4-minute walk to Bayview Playground
  • Mcclure Middle School Rated A-

About This Home

As of October 2021

Location, Location! Mt. Rainier and Elliot Bay Views. Easy access to Magnolia Village, Shopping, Restaurants, Golf and Waterfront/Downtown. 3,690sqft in need of rehab/remodel, or tear-down on 6000sqft lot. Zoned SF 5000, current use is a legal Triplex. Driveway entry on arterial and bus line with alley access. Multiple gas meters for easy hook-up. Laundry in units. Carport parking and 2 open spaces. Seller intends to review offers upon receipt. Please do not disturb tenants.

Last Agent to Sell the Property

Felix Rodriguez

Quorum Real Estate Prop. Mgmt. License #23839 Listed on: 08/11/2021

Last Buyer's Agent

Paul Herbord

RE/MAX Metro Realty, Inc. License #73368

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1817166

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,722

Year Built

  • Built in 1954

Lot Details

  • 6,000 Sq Ft Lot
  • Property is in average condition

Property Views

  • Bay
  • Mountain

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Bitumen Roof
  • Stone Siding

Interior Spaces

  • 3,690 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Cascadia Elementary School
  • Mc Clure Mid Middle School
  • Ballard High School

Community Details

  • Gilman's Addition Condos
  • Magnolia Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 16
  • Assessor Parcel Number 2770602175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,722

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1954
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Gilman's Addition
  • New Construction: No
  • CalculatedSquareFootage: 3690
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 387

Interior Features

  • Possible Use: Residential, See Remarks
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Torch Down
  • View: Bay, Mountain(s)
  • Lot Features: Alley, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Stone
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected, Oil
  • PowerCompany: City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 3932

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Mc Clure Mid

Lot Info

  • Parcel Number: 2770602175
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: realist
  • ZoningClass: Residential,See Remarks
  • LotNumber: 5

Green Features

  • Power Production Type: Electric, Natural Gas, Oil

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 5145

Multi Family

  • Gross Scheduled Income: 61740
  • Net Operating Income: 41294
  • Number Of Units Total: 3
  • Electric Expense: 402
  • Insurance Expense: 3324
  • Leasable Area: 2550
  • EnergySource: Electric,Natural Gas,Oil
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8722

MLS Schools

  • Elementary School: Cascadia Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2021
Closed on
Nov 11, 2021
Sold by
Der Sherman and Wong Jessica
Bought by
Der Property Group Ii Llc
Seller's Agent
Felix Rodriguez
Quorum Real Estate Prop. Mgmt.
Buyer's Agent
Paul Herbord
RE/MAX Metro Realty, Inc.
List Price
$1,095,000
Sold Price
$915,000
Premium/Discount to List
-$180,000
-16.44%
Current Estimated Value
$1,227,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,229
Avg. Annual Appreciation
6.05%
Original Mortgage
$686,250
Outstanding Balance
$636,559
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$509,827

Purchase Details

Listed on
Aug 11, 2021
Closed on
Oct 26, 2021
Sold by
Ordal Steven R and Ordal Angeline L
Bought by
Der Sherman and Wong Jessica
Seller's Agent
Felix Rodriguez
Quorum Real Estate Prop. Mgmt.
Buyer's Agent
Paul Herbord
RE/MAX Metro Realty, Inc.
List Price
$1,095,000
Sold Price
$915,000
Premium/Discount to List
-$180,000
-16.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,250
Outstanding Balance
$636,559
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$509,827

Purchase Details

Closed on
Nov 3, 1983
Sold by
Seagraves James F and Seagraves Linda L
Bought by
Ordal Steven R and Ordal Angeline L
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
Der Property Group Ii Llc -- None Available
Der Sherman $915,000 Ticor Title
Ordal Steven R $148,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Der Sherman $686,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $915,000 -16.4% $248 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $1,095,000 0.0% $297 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/21/2021 08/21/21 For Sale $1,095,000 0.0% $297 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $1,095,000 -- $297 / 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 $10,414 $1,040,000 $681,000 $359,000
2023 $9,650 $1,009,000 $586,000 $423,000
2022 $9,242 $1,098,000 $550,000 $548,000
2021 $8,814 $968,000 $461,000 $507,000
2020 $8,772 $877,000 $422,000 $455,000
2018 $8,376 $854,000 $424,000 $430,000
2017 $7,396 $821,000 $375,000 $446,000
2016 $6,839 $748,000 $342,000 $406,000
2015 $5,763 $675,000 $311,000 $364,000
2014 -- $579,000 $266,000 $313,000
2013 -- $526,000 $257,000 $269,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1817166

Northwest Multiple Listing Service (NWMLS)

APN: 277060-2175