Listed by Paragon Real Estate Advisors, Bought with Paragon Real Estate Advisors
NOT LISTED FOR SALE

315 Summit Ave E Seattle, WA 98102

Capitol Hill Neighborhood
-- Bed
-- Bath
8,540 Sq Ft
7,200 Sq Ft Lot

Last Sold June 10, 2022

Last sale price $3,147,000 $369 Per Sq Ft

4 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 1-minute walk to Thomas Street Mini Park
  • Garfield High School Rated A

About This Home

As of June 2022

Built in 1930, Summit Crest offers classic brick construction including old-world charm, gleaming hardwood floors and 8 garage spaces. The unit mix of 5 studio units and 9 one-bedroom units meets the desired unit type for the for the typical Capitol Hill population. In recent years six units have been renovated, achieving market rents. Summit Crest offers an investor the likely potential for income upside by increasing rents to market levels or renovating the remaining units to today’s standards for even higher returns. This investment is a great opportunity for a prospective buyer to own a classic brick building in an A+ location.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 05/23/2022

Co-Listed By

Paul Mickley

Paragon Real Estate Advisors License #40071

Last Buyer's Agent

Jacob Odegard

Paragon Real Estate Advisors License #120796

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1938451

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,464

Year Built

  • Built in 1930

Lot Details

  • 7,200

Parking

  • 8 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 8,540 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Additional Features

  • 7,200 Sq Ft Lot
  • Radiator

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6848200165

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,464

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1930
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 8540
  • Special Features: None

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 25018

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6848200165
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • 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: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 19450

Multi Family

  • Gross Scheduled Income: 233400
  • Net Operating Income: 121884
  • Number Of Units Total: 14
  • Insurance Expense: 5774
  • Leasable Area: 8540
  • EnergySource: Electric
  • UnitsInBuildingTotal: 14
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 35464

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $3,147,000 +1.5% $369 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $3,100,000 -- $363 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cathy Jeney

    Seller's Agent in 2022

    Cathy Jeney

    Paragon Real Estate Advisors

    (206) 595-5557

    3 in this area

    26 Total Sales

    Cathy Jeney
    Section Image
  • Paul Mickley

    Seller Co-Listing Agent in 2022

    Paul Mickley

    Paragon Real Estate Advisors

    (206) 623-8880

    1 in this area

    4 Total Sales

    Paul Mickley
    Section Image

  • J

    Buyer's Agent in 2022

    Jacob Odegard

    Paragon Real Estate Advisors

    Section Image
  • Nick Hemming

    Buyer Co-Listing Agent in 2022

    Nick Hemming

    Paragon Real Estate Advisors

    (206) 812-9105

    2 in this area

    46 Total Sales

    Nick Hemming
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1938451

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98102 Capitol Hill

315 Summit Ave E, Seattle, WA

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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