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

Estimated Value: $1,143,000 - $1,605,000

8 Beds
3 Baths
3,650 Sq Ft
$369/Sq Ft Est. Value

Last Sold December 03, 2019

Last sale price $1,250,000 $342 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,260/month

15 Days on Market

Highlights

  • Wood Siding
  • Lawton Elementary School Rated A-
  • Wall to Wall Carpet

About This Home

As of December 2019

Attractive 4 unit offers an investor the opportunity to own a building in an ideal Seattle location, a quiet residential neighborhood. 15-minute commute to Seattle’s thriving downtown area. The 4 unit features 2 separate buildings, including 2 spacious townhouse styled units. Value-add opportunity with minor renovations. Capitalize on the significant rental upside, while land banking for future development. Lot zoned LR-1 (M) with a 5,664 SF.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 09/16/2019

Co-Listed By

Brian Platt

Paragon Real Estate Advisors License #85375

Last Buyer's Agent

Lauren Hendricks

Windermere Real Estate Midtown License #83586

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1518898

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,074

Year Built

  • Built in 1991

Lot Details

  • 5,664 Sq Ft Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,650 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6821101775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,074

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1991
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3650
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4800

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6821101775
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5664
  • 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: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 6890

Multi Family

  • Gross Scheduled Income: 82680
  • Net Operating Income: 59526
  • Number Of Units Total: 4
  • Insurance Expense: 1400
  • Leasable Area: 3650
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 9074

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2019
Closed on
Nov 27, 2019
Sold by
Harris Renae Blakmore and Harris Renae
Bought by
3411 33Rd Llc
Seller's Agent
Michael Urquhart
Paragon Real Estate Advisors
Buyer's Agent
Lauren Hendricks
Windermere Real Estate Midtown
List Price
$1,250,000
Sold Price
$1,250,000
Current Estimated Value
$1,347,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,878
Avg. Annual Appreciation
0.35%

Purchase Details

Closed on
Aug 18, 2016
Sold by
Renae Harris
Bought by
Renae Harris

Purchase Details

Closed on
Jun 21, 2016
Sold by
Harris Renae
Bought by
Harris Renae

Purchase Details

Closed on
Oct 25, 1989
Sold by
Cutting Marshall and Cutting Christy
Bought by
Harris George C and Harris Renae
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
3411 33Rd Llc $1,248,500 Fidelity National Title
Renae Harris -- None Available
Harris Renae -- None Available
Harris George C $99,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2019 12/03/19 Sold $1,250,000 0.0% $342 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $1,250,000 -- $342 / 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 $12,939 $1,322,000 $1,321,000 $1,000
2023 $11,884 $1,232,000 $955,000 $277,000
2022 $10,566 $1,341,000 $896,000 $445,000
2021 $10,087 $1,123,000 $751,000 $372,000
2020 $10,432 $1,017,000 $687,000 $330,000
2018 $9,730 $1,031,000 $690,000 $341,000
2017 $8,593 $966,000 $410,000 $556,000
2016 $7,944 $881,000 $374,000 $507,000
2015 $6,679 $795,000 $340,000 $455,000
2014 -- $681,000 $291,000 $390,000
2013 -- $657,000 $281,000 $376,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1518898

Northwest Multiple Listing Service (NWMLS)

APN: 682110-1775