Listed by Paragon Real Estate Advisors, Bought with West Seattle Realty
NOT LISTED FOR SALE
6 Beds
6 Baths
3,960 Sq Ft
4,922 Sq Ft Lot

Last Sold August 16, 2017

Last sale price $1,900,000 $480 Per Sq Ft

17 Days on Market

Highlights

  • Thermal Windows
  • Wall to Wall Carpet
  • 3-minute walk to Bar-S Playground
  • Alki Elementary School Rated A-

About This Home

As of August 2017

One block from Alki beach and first time on the market in over 50 years! Cool mid-century 8 unit apartment building with efficient 1Bd units. Building has common laundry, off-street parking and extra storage. Well maintained, low maintenance building with updated electrical, new water main line, double-paned windows, Hardie fiber cement siding, new exterior paint and more. Lots of rent upside and potential to add value.

Last Agent to Sell the Property

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 07/06/2017

Co-Listed By

David Petersen

Westlake Associates, Inc. License #7352

Last Buyer's Agent

Hayley Martin-Hampton

West Seattle Realty License #100404

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1153247

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,501

Year Built

  • Built in 1957

Lot Details

  • 4,922 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,960 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Community Details

  • Alki Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0151000045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,501

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1957
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3960
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 7711

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0151000045
  • Lot Size Acres: 0.113
  • Lot Size Sq Ft: 4922
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Landvision
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 9240

Multi Family

  • Gross Scheduled Income: 110880
  • Net Operating Income: 72084
  • Number Of Units Total: 8
  • Insurance Expense: 1925
  • Leasable Area: 3960
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 13501

Range of Values:

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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
08/16/2017 08/16/17 Sold $1,900,000 +5.6% $480 / Sq Ft
07/24/2017 07/24/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $1,800,000 -- $455 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1153247

Northwest Multiple Listing Service (NWMLS)