Listed by COMPASS, Bought with Lake & Company
NOT LISTED FOR SALE

3121 Franklin Ave E Unit 2 Seattle, WA 98102

Portage Bay Neighborhood

Estimated Value: $299,000 - $398,000

Studio
1 Bath
485 Sq Ft
$329/mo HOA Fee

Last Sold May 26, 2022

Last sale price $330,000 $680 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,287/month

5 Days on Market

Highlights

  • Property is near public transit and bus stop
  • Territorial View
  • End Unit
  • Montlake Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Fairview Park

About This Home

As of May 2022

Classic Seattle charm awaits in this jewel box at the Ives, a special 1928 building in the heart of Portage Bay & Eastlake. You’ll find this well-appointed studio maximizes space; Murphy bed hidden behind French Doors, a spacious walk-in closet that can double as a home office, chic living room w/ separate dining room, plus extra storage unit. Uniquely situated on a corner, big windows fill the unit w/ light & the tree canopy & plantings provide tranquility & privacy. Period details of hardwood floors & built-ins pair seamlessly w/ a newly remodeled kitchen fit for the modern chef. An easy walk to grab coffee, groceries or dinner, launch your paddle board or bike on the Burke. Well-managed HOA & pet-friendly. An affordable city oasis!

Last Agent to Sell the Property

Martha Belmont

COMPASS License #82832 Listed on: 04/21/2022

COMPASS

Co-Listed By

Gretchen Anderson

COMPASS License #119136

Last Buyer's Agent

Demetra Apostolou

Lake & Company License #116308

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1918233

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,989

Year Built

  • Built in 1928

Lot Details

  • End Unit
  • East Facing Home

HOA Fees

  • $329 Monthly HOA Fees

Home Design

  • Studio
  • Flat Roof Shape
  • Brick Exterior Construction
  • Bitumen Roof

Interior Spaces

  • 485 Sq Ft Home
  • 3-Story Property
  • French Doors
  • Territorial Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 1 Full Bathroom

Location

  • Property is near public transit and bus stop

Utilities

  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 3634600030

Community Details

Overview

  • Association fees include central hot water, common area maintenance, earthquake insurance, garbage, lawn service, sewer, water
  • 13 Units
  • Maura Association
  • Secondary HOA Phone (425) 301-1101
  • Ives Condominium Condos
  • Eastlake Subdivision
  • Park Phone (206) 361-1087 | Manager Cathie Koll

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,989

Year Built

Built in 1928

Lot Details

0

HOA Fees

$329 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1928
  • Inclusions: Dishwasher,GarbageDisposal,Microwave,Refrigerator,StoveRange,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Studio
  • Building Name: Ives Condominium
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 485
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • RemodeledUpdated: true
  • UnitFeatures: End Unit,French Doors,Walk-in Closet
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove/Range
  • Full Bathrooms: 1
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Ceramic Tile, Hardwood, Laminate, Cooking-Electric, Water Heater
  • Stories: 3
  • BathsFullMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • StorageNo: 2
  • AppliancesIncluded: Dishwasher,Garbage Disposal,Microwave,Refrigerator,Stove/Range
  • StorageLocation: Basement
  • WindowCoverings: Yes - Blinds

Exterior Features

  • Roof: Flat, Torch Down
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: Brick
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None

Utilities

  • Heating Yn: Yes
  • Utilities: Electric, Common Area Maintenance, Garbage
  • HeatingCoolingType: Baseboard
  • ApplianceHookups: Cooking-Electric
  • WaterHeaterLocation: Basement
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Community Features: Cable TV, High Speed Int Avail, Laundry Room
  • Park Manager Name: Cathie Koll
  • Park Manager Phone: 206-361-1087
  • Senior Community: No
  • Association Fee: 329
  • Association Fee Frequency: Monthly
  • Phone: 425-301-1101
  • Association: Yes
  • Pets Allowed: Subj to Restrictions
  • AssociationContactName: Maura
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,High Speed Int Avail,Laundry Room

Fee Information

  • Association Fee Includes: Central Hot Water, Common Area Maintenance, Earthquake Insurance, Garbage, Lawn Service, Sewer, Water

Schools

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

Lot Info

  • Parcel Number: 3634600030
  • Lot Size Acres: 0.0933
  • Lot Size Sq Ft: 4064
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • RentalCap: Below Rental Cap (See Remarks)

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1989

Multi Family

  • Number Of Units In Community: 13
  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 18, 2022
Sold by
Jarvis and Elijah
Bought by
Abello Michael C and Abello Tara G
Seller's Agent
Martha Belmont
COMPASS
Buyer's Agent
Demetra Apostolou
Lake & Company
List Price
$295,000
Sold Price
$330,000
Premium/Discount to List
$35,000
11.86%
Current Estimated Value
$336,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,382
Avg. Annual Appreciation
0.51%
Original Mortgage
$247,500
Outstanding Balance
$233,172
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$103,210

Purchase Details

Listed on
Mar 9, 2018
Closed on
Apr 3, 2018
Sold by
Florence Joseph A
Bought by
Jarvis Alexa and Blaisdell Elijah
Seller's Agent
Sitka Murray
North Pacific Properties
Buyer's Agent
Nancy Williams
Windermere Real Estate Midtown
List Price
$279,950
Sold Price
$325,000
Premium/Discount to List
$45,050
16.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.37%
Original Mortgage
$174,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2015
Closed on
Jul 22, 2015
Sold by
Turnbow Morgan L
Bought by
Florence Joseph A
Seller's Agent
Stephanie Hart
Unlock Seattle Real Estate LLC
Buyer's Agent
Greg Tontini
North Pacific Properties
List Price
$199,950
Sold Price
$200,000
Premium/Discount to List
$50
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.70%
Original Mortgage
$190,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2007
Sold by
Messick Christine M and Messick Kevin
Bought by
Turnbow Morgan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Rachtman Hazel L
Bought by
Price Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,050
Interest Rate
5.46%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 2001
Sold by
Sevi Llc
Bought by
Rachtman Hazel L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abello Michael C $330,000 Ticor Title
Jarvis Alexa $325,000 First American Title Insuran
Florence Joseph A $200,000 Rainier Title
Turnbow Morgan L $190,000 Fidelity Natio
Price Christine M $137,000 Old Republic T
Rachtman Hazel L $117,000 Washington Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abello Michael C $247,500
Previous Owner Jarvis Alexa $174,000
Previous Owner Florence Joseph A $190,000
Previous Owner Turnbow Morgan L $152,000
Previous Owner Price Christine M $133,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2022 05/26/22 Sold $330,000 +11.9% $680 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $295,000 -9.2% $608 / Sq Ft
04/12/2018 04/12/18 Sold $325,000 +16.1% $670 / Sq Ft View Prior Sale
03/15/2018 03/15/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $279,950 +40.0% $577 / Sq Ft
07/30/2015 07/30/15 Sold $200,000 0.0% $412 / Sq Ft View Prior Sale
06/24/2015 06/24/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $199,950 -- $412 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $2,530 $268,000 $76,900 $191,100
2023 $1,983 $278,000 $76,900 $201,100
2022 $1,989 $237,000 $63,900 $173,100
2021 $2,194 $219,000 $63,900 $155,100
2020 $2,606 $230,000 $71,700 $158,300
2018 $2,250 $257,000 $46,900 $210,100
2017 $1,666 $231,000 $41,700 $189,300
2016 $1,478 $176,000 $28,600 $147,400
2015 $1,379 $152,000 $28,600 $123,400
2014 -- $145,000 $28,600 $116,400
2013 -- $148,000 $28,600 $119,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1918233

Northwest Multiple Listing Service (NWMLS)

APN: 363460-0030

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