NOT LISTED FOR SALE
-- Bed
-- Bath
6,600 Sq Ft
6,000 Sq Ft Lot

Last Sold January 14, 2020

Last sale price $2,900,000 $439 Per Sq Ft

11 Days on Market

Highlights

  • Lake View
  • Corner Lot
  • Patio
  • Garfield High School Rated A
  • Thermal Windows
  • Tankless Water Heater

About This Home

As of January 2020

Beautifully updated 4-unit building in Madrona. This turn of the century property was taken down to the studs and completely remodeled. All major systems replaced, fire sprinklers added to the building. Spacious units w/ high ceilings make it a great addition to any portfolio. Gas appliances. W/D in unit. 3 off street parking spaces. 2k SF basement w/ storage for each unit. Quick access to Seattle U, downtown, and major highways – walk to Madrona. Bus stop right across the street.

Last Agent to Sell the Property

Jim Grady

Madrona Real Estate Group, LLC License #23659 Listed on: 10/21/2019

Last Buyer's Agent

Eric Sadlak

North Pacific Properties License #118918

North Pacific Properties

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1533823

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,908

Year Built

  • Built in 1901

Lot Details

  • 6,000 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Sprinkler System
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,600 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Laminate Flooring
  • Lake Views

Parking

  • 3 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Leschi Elementary School
  • Meany Mid Middle School
  • Garfield High School

Utilities

  • Natural Gas Connected
  • Tankless Water Heater
  • High Speed Internet

Community Details

  • Ayer & Oharas Add Condos
  • Madrona Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0342000045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,908

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1901
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Ayer & Oharas Add
  • New Construction: No
  • CalculatedSquareFootage: 6600
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 328

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Tankless Water Heater, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Fire Sprinklers,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 7163

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Meany Mid

Lot Info

  • Parcel Number: 0342000045
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 14000

Multi Family

  • Gross Scheduled Income: 169000
  • Net Operating Income: 147018
  • Number Of Units Total: 5
  • Electric Expense: 395
  • Insurance Expense: 2516
  • Leasable Area: 4800
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 11908

MLS Schools

  • Elementary School: Leschi

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
01/14/2020 01/14/20 Sold $2,900,000 -1.7% $439 / Sq Ft
11/01/2019 11/01/19 Pending -- -- --
10/21/2019 10/21/19 For Sale $2,950,000 -- $447 / 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: 1533823

Northwest Multiple Listing Service (NWMLS)

APN: 034200-0045