Listed by Paragon Real Estate Advisors, Bought with Westlake Associates, Inc.
NOT LISTED FOR SALE

3017 59th Ave SW Seattle, WA 98116

Alki Neighborhood
12 Beds
11 Baths
5,274 Sq Ft
5,652 Sq Ft Lot

Last Sold November 16, 2021

Last sale price $2,124,100 $403 Per Sq Ft

23 Days on Market

Highlights

  • Wall to Wall Carpet
  • Alki Elementary School Rated A-
  • 3-minute walk to Alki Playground and Whale Tale Park

About This Home

As of November 2021

Updated six unit apt building, featuring all large two bedroom units in the desirable Alki neighborhood. This is the ultimate beach rental location with sand beaches, walking, running and bike paths and a variety of restaurants and entertainment for residents to enjoy. The Beach Place Apartments offers larger than average living spaces and convenient access to a variety of outdoor activities which is in high demand as renters are spending more time at home and less time at the office than in the past. An investor can find upside and add value through bringing rents up to market levels, additional interior/exterior renovation and opportunity to add a unit to unused basement space.

Last Agent to Sell the Property

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 08/19/2021

Co-Listed By

David Petersen

Westlake Associates, Inc. License #7352

Last Buyer's Agent

Chad Martini

Westlake Associates, Inc. License #118627

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1826937

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,693

Year Built

  • Built in 1978

Lot Details

  • 5,652 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 5,274 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Alki Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2997800105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,693

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5274
  • Special Features: None
  • Cumulative Days on Market: 372

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 9600

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2997800105
  • Lot Size Acres: 0.1298
  • Lot Size Sq Ft: 5652
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 11355

Multi Family

  • Gross Scheduled Income: 136260
  • Net Operating Income: 90492
  • Number Of Units Total: 6
  • Insurance Expense: 2888
  • Leasable Area: 5274
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 20693

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
11/16/2021 11/16/21 Sold $2,124,100 -1.2% $403 / Sq Ft
09/11/2021 09/11/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $2,150,000 -- $408 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Iles

    Seller's Agent in 2021

    Ryan Iles

    Paragon Real Estate Advisors

    (206) 812-9115

    1 in this area

    17 Total Sales

    Section Image
  • David Petersen

    Seller Co-Listing Agent in 2021

    David Petersen

    Westlake Associates, Inc.

    (206) 300-8909

    1 in this area

    26 Total Sales

    Section Image
  • Chad Martini

    Buyer's Agent in 2021

    Chad Martini

    Westlake Associates, Inc.

    (206) 321-3226

    1 in this area

    24 Total Sales

    Section Image
  • Jon Breiner

    Buyer Co-Listing Agent in 2021

    Jon Breiner

    Paragon Real Estate Advisors

    (206) 812-9118

    1 in this area

    3 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1826937

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98116 Alki

3017 59th Ave SW, Seattle, WA

This home is located at 3017 59th Ave SW, Seattle, WA 98116 since 19 August 2021. This property was built in 1978. 3017 59th Ave SW is a home located in King County with nearby schools including Alki Elementary School, Madison Middle School, and West Seattle High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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