Listed by Windermere Real Estate Midtown, Bought with Windermere Real Estate Midtown
NOT LISTED FOR SALE

Estimated Value: $1,360,637 - $1,610,000

6 Beds
3 Baths
3,680 Sq Ft
$398/Sq Ft Est. Value

Last Sold October 24, 2019

Last sale price $1,050,000 $285 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $8,839/month

34 Days on Market

Highlights

  • Lake View
  • Softwood Flooring
  • Wood Siding
  • Washington Middle School Rated A-
  • Corner Lot

About This Home

As of October 2019

Grandfathered triplex on one of Beacon Hill's best residential streets. Perched at the apex of the hill w/sweeping views of Cascades, city skylines & Lake WA. 2 short blocks to light rail & great BH restaurants, coffee shops & groceries. Only two owners since original 1917 construction w/much old world charm remaining - sun porches, fir floors + true living & dining rooms. Sweet as owner occupant w/short or long-term rental potential. Current rents low but solid long term tenants on MTM leases.

Last Agent to Sell the Property

Heather Berger

Windermere Real Estate Midtown License #2679 Listed on: 08/16/2019

Windermere Real Estate Midtown

Last Buyer's Agent

Shelley Miller

Windermere Real Estate Midtown License #75556

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1507060

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,083

Year Built

  • Built in 1917

Lot Details

  • 3,966 Sq Ft Lot
  • Lot Dimensions are 40.5 x 100
  • Corner Lot
  • Property is in good condition

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 3,680 Sq Ft Home
  • 3-Story Property

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 1 Parking Space
  • 1 Covered Space
  • Open Parking

Schools

  • Kimball Elementary School
  • Mercer Mid Middle School
  • Franklin High School

Utilities

  • Natural Gas Connected

Community Details

  • N Beacon Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8161600160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,083

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1917
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3680
  • Special Features: None
  • Cumulative Days on Market: 381

Interior Features

  • Possible Use: Multi-Family, Residential, See Remarks
  • Fireplace: No
  • Flooring: Softwood, Laminate, Carpet
  • Interior Amenities: Forced Air, Fir/Softwood, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s), Territorial
  • Lot Features: Corner Lot, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 3600

Schools

  • Junior High Dist: Seattle
  • High School: Franklin High
  • Middle Or Junior School: Mercer Mid

Lot Info

  • Parcel Number: 8161600160
  • Lot Size Acres: 0.091
  • Lot Size: 40.5 X 100
  • Lot Size Sq Ft: 3966
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Tax Record
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential,See Remarks

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 30
  • LeasedItems: None
  • TotalMonthlyIncome: 3225

Multi Family

  • Gross Scheduled Income: 38700
  • Net Operating Income: 26209
  • Number Of Units Total: 3
  • Electric Expense: 180
  • Insurance Expense: 1328
  • Leasable Area: 3680
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 7083

MLS Schools

  • Elementary School: Kimball

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2019
Closed on
Oct 18, 2019
Sold by
Tonev Georgi D and Wang Michele A
Bought by
Martinez David Joseph and Edwards Louise Newcomet
Seller's Agent
Heather Berger
Windermere Real Estate Midtown
Buyer's Agent
Shelley Miller
Windermere Real Estate Midtown
List Price
$1,149,000
Sold Price
$1,050,000
Premium/Discount to List
-$99,000
-8.62%
Current Estimated Value
$1,462,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,879
Avg. Annual Appreciation
4.44%
Original Mortgage
$720,000
Outstanding Balance
$639,032
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$712,528

Purchase Details

Closed on
Jan 29, 2016
Sold by
Toneva Ii Llc
Bought by
Tonev Georgi D and Wang Michele A

Purchase Details

Listed on
Aug 14, 2013
Closed on
Oct 17, 2013
Sold by
Toney Georgi D and Wang Michele A
Bought by
Toneva Ii Llc
Seller's Agent
Jayne DeHaan
RE/MAX Metro Realty, Inc.
Buyer's Agent
Jaime Hernandez
Seattle Consultant, LLC
List Price
$568,800
Sold Price
$551,000
Premium/Discount to List
-$17,800
-3.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$413,250
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2013
Closed on
Oct 1, 2013
Sold by
Lew Edward T and Lew Donna Y
Bought by
Tonev Georgi D and Wang Michele A
Seller's Agent
Jayne DeHaan
RE/MAX Metro Realty, Inc.
Buyer's Agent
Jaime Hernandez
Seattle Consultant, LLC
List Price
$568,800
Sold Price
$551,000
Premium/Discount to List
-$17,800
-3.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,250
Interest Rate
4.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Martinez David Joseph $1,050,000 Chicago Title
Tonev Georgi D -- None Available
Toneva Ii Llc -- None Available
Tonev Georgi D $551,000 Ticor National
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez David Joseph $720,000
Previous Owner Toney Georgi D $410,000
Previous Owner Tonev Georgi D $413,250
Previous Owner Lew Edward T $317,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2019 10/24/19 Sold $1,050,000 -8.6% $285 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $1,149,000 +108.5% $312 / Sq Ft
10/03/2013 10/03/13 Sold $551,000 -3.1% $138 / Sq Ft
08/25/2013 08/25/13 Pending -- -- --
08/15/2013 08/15/13 For Sale $568,800 -- $142 / 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 $10,417 $1,071,000 $358,000 $713,000
2023 $9,237 $1,007,000 $320,000 $687,000
2022 $8,924 $1,077,000 $274,000 $803,000
2021 $8,870 $958,000 $252,000 $706,000
2020 $8,702 $906,000 $221,000 $685,000
2018 $7,083 $863,000 $222,000 $641,000
2017 $6,073 $704,000 $196,000 $508,000
2016 $5,425 $622,000 $175,000 $447,000
2015 $4,762 $541,000 $153,000 $388,000
2014 -- $485,000 $178,000 $307,000
2013 -- $380,000 $158,000 $222,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1507060

Northwest Multiple Listing Service (NWMLS)

APN: 816160-0160