Listed by Lake & Company, Bought with Windermere RE/Capitol Hill,Inc
$1,350,000
SOLD OCT 24, 2024
-- Bed
-- Bath
3,070 Sq Ft
7,200 Sq Ft Lot

Recently Sold

$440 Per Sq Ft

58 Days on Market

Highlights

  • Deck
  • Territorial View
  • No HOA
  • Coe Elementary School Rated A
  • Engineered Wood Flooring
  • Thermal Windows

About This Home

As of October 2024

Modern View Triplex (1972) located on Seattle’s lovely Queen Anne hill. 2 of 3 Units are vacant to Owner Occupy or set new rents. pro forma cap rate of 6.6%. Units live like own homes w/private access. Look out to a lush & verdant 7,200 SF park-like property. High-rent demand. Each unit has w/d, separate hot water heaters & electric meters. All have stainless kitchens & updated flooring. Level entry main floor is 2BD/2BA, 1,440 SF + a 440 SF garage & oversized driveway. Above grade lower units are 2BD/1BA, 815 SF w/private decks & patios & extra high ceilings & big windows. 5th Ave W is a quiet street & a well-established residential neighborhood. Invest w/proximity to Queen Anne Avenue, SLU, Fremont, Downtown & best of Seattle.

Last Agent to Sell the Property

Barbara Nelson

Lake & Company License #3260 Listed on: 07/11/2024

Lake & Company

Co-Listed By

Robert Macdonald

Lake & Company License #111406

Last Buyer's Agent

Erick Hazelton

Windermere RE/Capitol Hill,Inc License #71967

Windermere RE/Capitol Hill,Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2264041

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,060

Year Built

  • Built in 1972

Lot Details

  • 7,200 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 3,070 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Mc Clure Mid Middle School

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Victory Addition Condos
  • Queen Anne Subdivision

Listing and Financial Details

  • Legal Lot and Block 29/30 / 2
  • Assessor Parcel Number 8900000360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,060

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1972
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Victory Addition
  • New Construction: No
  • CalculatedSquareFootage: 3070
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 555

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Engineered Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition, Torch Down
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • 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
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: City of Seattle
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 5020

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 8900000360
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 29/30

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Wood

Rental Info

  • GrossRentMultiplier: 12.36
  • LeasedItems: None
  • TotalMonthlyIncome: 9100

Multi Family

  • Gross Scheduled Income: 109200
  • Net Operating Income: 89120
  • Number Of Units Total: 3
  • Insurance Expense: 1000
  • Leasable Area: 3070
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 14060

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Oct 14, 2024
Sold by
Pirak Duke A and Pirak Juliana M
Bought by
Whiteman Heather
Seller's Agent
Barbara Nelson
Lake & Company
Buyer's Agent
Erick Hazelton
Windermere RE/Capitol Hill,Inc
List Price
$1,350,000
Sold Price
$1,350,000
Total Days on Market
58
Views
18
Current Estimated Value
$1,386,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,865
Avg. Annual Appreciation
4.44%

Purchase Details

Closed on
Jul 7, 2004
Sold by
Ryan Thomas P and Ryan Jacqueline C
Bought by
Pirak Duke A and Pirak Juliana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2002
Sold by
Stempson Gerald and Stempson Terese
Bought by
Ryan Thomas P and Ryan Jacqueline C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
5.87%
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

Date Type Sale Price Title Company
Warranty Deed $1,350,000 Old Republic Title
Warranty Deed $725,000 Stewart Title
Warranty Deed $495,000 Old Republic Title Ltd
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $555,500 New Conventional
Previous Owner $25,000 Credit Line Revolving
Previous Owner $556,000 Fannie Mae Freddie Mac
Previous Owner $579,000 Purchase Money Mortgage
Previous Owner $371,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2024 10/24/24 Sold $1,350,000 0.0% $440 / Sq Ft
09/07/2024 09/07/24 Pending -- -- --
07/31/2024 07/31/24 For Sale $1,350,000 0.0% $440 / Sq Ft
07/23/2024 07/23/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $1,350,000 -- $440 / 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 $14,238 $1,450,000 $1,449,000 $1,000
2023 $14,060 $1,450,000 $1,449,000 $1,000
2022 $12,776 $1,544,000 $1,534,000 $10,000
2021 $12,357 $1,353,000 $1,343,000 $10,000
2020 $13,200 $1,244,000 $1,234,000 $10,000
2018 $11,615 $1,327,000 $1,317,000 $10,000
2017 $10,448 $1,149,000 $1,139,000 $10,000
2016 $7,844 $1,068,000 $1,058,000 $10,000
2015 $6,201 $772,000 $771,000 $1,000
2014 -- $618,000 $617,000 $1,000
2013 -- $595,000 $583,000 $12,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2264041

Northwest Multiple Listing Service (NWMLS)

APN: 890000-0360