Listed by Paragon Real Estate Advisors, Bought with Lake & Company
$1,450,000
SOLD MAR 4, 2025
7 Beds
6 Baths
3,450 Sq Ft
6,000 Sq Ft Lot

Recently Sold

$420 Per Sq Ft

3 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wall to Wall Carpet
  • Mcclure Middle School Rated A-
  • Wood Siding

About This Home

As of March 2025

Well-maintained, Mid-Century Modern four-unit building located in the serene Magnolia neighborhood. Each unit offers spacious, light-filled floor plans, with three of the units featuring a separate dining area, a cozy fireplace, and ample in-unit storage, including a large linen closet. The upper 2-bedroom units feature cathedral ceilings and private decks off the living rooms. Additional amenities include a large common laundry room, three on-site parking spaces, and a stand-alone structure that could be rented out as storage. One unit has been intentionally left vacant, offering a prime opportunity for an owner-occupant.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 02/10/2025

Last Buyer's Agent

Missy Boone

Lake & Company License #109114

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2330942

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,157

Year Built

  • Built in 1966

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,450 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 3 Parking Spaces
  • Open Parking

Additional Features

  • 6,000 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770602120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,157

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1966
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3450
  • Special Features: None
  • Cumulative Days on Market: 139

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 5653

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2770602120
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 21.03
  • LeasedItems: None
  • TotalMonthlyIncome: 5746

Multi Family

  • Gross Scheduled Income: 68952
  • Net Operating Income: 39650
  • Number Of Units Total: 4
  • Insurance Expense: 3044
  • Leasable Area: 3450
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 13157

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Feb 28, 2025
Sold by
Hughes Lonnie Pat and Lynn Gayle
Bought by
Burkhead Jake and Cronkhite Caitlin
Seller's Agent
Cathy Jeney
Paragon Real Estate Advisors
Buyer's Agent
Missy Boone
Lake & Company
List Price
$1,450,000
Sold Price
$1,450,000
Views
14
Current Estimated Value
$1,476,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,887
Avg. Annual Appreciation
-0.22%
Original Mortgage
$1,160,000
Outstanding Balance
$1,159,057
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$289,545

Purchase Details

Closed on
Jan 3, 1974
Sold by
Powell Margaret C
Bought by
Hughes Lonnie Pat and Hughes Lynn Gayle
Source: Public Records

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Range of Values:

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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 $1,450,000 First American Title
Warranty Deed -- Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,160,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 Sold $1,450,000 0.0% $420 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $1,450,000 -- $420 / 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 $12,703 $1,260,000 $900,000 $360,000
2023 $12,771 $1,340,000 $900,000 $440,000
2022 $12,479 $1,454,000 $810,000 $644,000
2021 $14,363 $1,310,000 $810,000 $500,000
2020 $14,555 $1,451,000 $810,000 $641,000
2018 $12,220 $1,317,000 $720,000 $597,000
2017 $10,791 $1,206,000 $600,000 $606,000
2016 $8,732 $1,099,000 $510,000 $589,000
2015 $7,516 $860,000 $510,000 $350,000
2014 -- $754,000 $450,000 $304,000
2013 -- $737,000 $390,000 $347,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2330942

Northwest Multiple Listing Service (NWMLS)

APN: 277060-2120