Seller's Agent in 2021
Travis Kannier
Westlake Associates, Inc.
(206) 505-9416
1 in this area
10 Total Sales
Listed by Westlake Associates, Inc., Bought with RE/MAX Gateway
3221 Franklin Ave E Seattle, WA 98102
Portage Bay NeighborhoodEstimated Value: $1,924,061 - $2,310,000
2
Beds
1
Bath
3,867
Sq Ft
$537/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Montlake Elementary School Rated A
- Wood Siding
About This Home
As of December 2021This charming and quaint bungalow (Single-Family residence: 1,814 square feet; two bedroom and one bath) plus an income producing Triplex (4.7% capitalization rate) are located on the same parcel in one of the most sought-after neighborhoods in Seattle. Built in 1927/1995, this asset has multiple real estate strategies when considering this opportunity. The Townhome style Triplex consists of two three-bedroom, two-bath units (approx. 1,000 square feet) and one two-bedroom, two-bath unit (approx. 870 square feet). There is plenty of off-street parking in front of the house and the Triplex has four parking stalls off the paved and well-maintained alley. Please do not disturb tenants.
Last Agent to Sell the Property
Westlake Associates, Inc. License #79950 Listed on: 08/13/2021
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1824048
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,471
Year Built
- Built in 1927
Lot Details
- 4,950 Sq Ft Lot
Home Design
- Quadruplex
- Poured Concrete
- Composition Roof
- Wood Siding
- Wood Composite
Interior Spaces
- 3,867 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Wall to Wall Carpet
Parking
- 4 Parking Spaces
- 1 Covered Space
- Open Parking
Community Details
- Eastlake Subdivision
Listing and Financial Details
- Assessor Parcel Number 1959703185
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2021
Closed on
Dec 28, 2021
Sold by
Paganelli Frank V and Paganelli Christina R
Bought by
Cassidy Sean and Cassidy Annemarie L
Seller's Agent
Travis Kannier
Westlake Associates, Inc.
Buyer's Agent
Maria Lindberg
RE/MAX Gateway
List Price
$2,200,000
Sold Price
$1,950,000
Premium/Discount to List
-$250,000
-11.36%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,020
Avg. Annual Appreciation
1.54%
Original Mortgage
$1,462,500
Outstanding Balance
$1,347,876
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$727,144
Purchase Details
Closed on
Oct 19, 2010
Sold by
Paganelli Francis V
Bought by
Paganelli Francis and Paganelli Christina R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$917,182
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 15, 2010
Sold by
Rph Franklin Ave Lc
Bought by
Paganelli Francis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$917,182
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 6, 2006
Sold by
Paganelli Francis V
Bought by
Rph Franklin Ave Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,000
Interest Rate
6.29%
Purchase Details
Closed on
Apr 24, 2006
Sold by
Lot14 Southwesterly45 Ft
Bought by
Paganelli Francis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,000
Interest Rate
6.29%
Purchase Details
Closed on
Dec 20, 2004
Sold by
Paganelli Francis V
Bought by
Rph Franklin Ave Llc
Purchase Details
Closed on
Sep 15, 2003
Sold by
Cryan Development Llc
Bought by
Paganelli Francis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,200
Interest Rate
6.3%
Purchase Details
Closed on
Nov 24, 1997
Sold by
Dosdall Douglas M
Bought by
Cryan Development Ltd Liability Company
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,250
Interest Rate
7.33%
Purchase Details
Closed on
Jul 13, 1994
Sold by
Pugsley George C and Pugsley Patricia H
Bought by
Dosdall Douglas M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
4.87%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cassidy Sean | $1,950,000 | Fidelity National Title | |
| Paganelli Francis | -- | Old Republic T | |
| Paganelli Francis | -- | None Available | |
| Rph Franklin Ave Llc | -- | None Available | |
| Paganelli Francis | -- | The Talon Grou | |
| Rph Franklin Ave Llc | -- | -- | |
| Paganelli Francis | $778,500 | Transnation Ti | |
| Cryan Development Ltd Liability Company | $239,000 | Evergreen Title Company Inc | |
| Dosdall Douglas M | $182,500 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cassidy Sean | $1,462,500 | |
| Previous Owner | Paganelli Francis | $917,182 | |
| Previous Owner | Paganelli Francis | $798,000 | |
| Previous Owner | Paganelli Francis | $623,200 | |
| Previous Owner | Cryan Development Ltd Liability Company | $179,250 | |
| Previous Owner | Dosdall Douglas M | $164,250 | |
| Closed | Paganelli Francis | $77,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2021 12/30/21 | Sold | $1,950,000 | -2.5% | $504 / Sq Ft |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 10/26/2021 10/26/21 | Price Changed | $1,999,000 | -4.8% | $517 / Sq Ft |
| 09/23/2021 09/23/21 | Price Changed | $2,099,000 | -4.6% | $543 / Sq Ft |
| 08/13/2021 08/13/21 | For Sale | $2,200,000 | -- | $569 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $15,076 | $1,539,000 | $1,460,200 | $78,800 |
| 2023 | $15,731 | $1,822,000 | $1,460,200 | $361,800 |
| 2022 | $15,015 | $1,839,000 | $1,212,700 | $626,300 |
| 2021 | $17,178 | $1,615,000 | $1,212,700 | $402,300 |
| 2020 | $19,477 | $1,769,000 | $1,361,200 | $407,800 |
| 2018 | $17,868 | $1,941,000 | $841,500 | $1,099,500 |
| 2017 | $14,484 | $1,809,000 | $742,500 | $1,066,500 |
| 2016 | $11,669 | $1,510,000 | $544,500 | $965,500 |
| 2015 | $9,820 | $1,180,000 | $544,500 | $635,500 |
| 2014 | -- | $1,012,000 | $544,500 | $467,500 |
| 2013 | -- | $959,000 | $544,500 | $414,500 |
Source: Public Records
Agents Affiliated with this Home
-
Travis Kannier
-
Matthew Little
Seller Co-Listing Agent in 2021
Matthew Little
Westlake Associates, Inc.
(206) 953-4542
1 in this area
4 Total Sales
-
Maria Lindberg
Buyer's Agent in 2021
Maria Lindberg
RE/MAX
(360) 296-7321
1 in this area
9 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1824048
APN: 195970-3185
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Based on information submitted to the MLS GRID
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