Listed by Lake & Company, Bought with Lake & Company
NOT LISTED FOR SALE

Estimated Value: $1,721,000 - $1,857,915

-- Bed
-- Bath
3,832 Sq Ft
$467/Sq Ft Est. Value

Last Sold April 28, 2015

Last sale price $951,160 $248 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $10,816/month

5 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • High Speed Internet
  • Mcclure Middle School Rated A-
  • Patio
  • Wood Siding

About This Home

As of April 2015

Well maintained & nicely updated 4-plex with 3 view 2br units. Large top floor units have fireplaces, view decks, W/D hook-ups, & master bedrooms w/2nd bath, one unit has updated kitchen w/slab granite counter top. Large lower 2br has fireplace, laminate hardwood floor, & private view patio. 5 car off street parking. Views from Ballard Bridge to edge of Elliot bay & a peek at the Cascades. Coin-op laundry & storage in bsmt. Listed rents are current actual rents, big rent upside as leases renew.

Last Agent to Sell the Property

Larry Crites

Lake & Company License #8471 Listed on: 03/11/2015

Lake & Company

Co-Listed By

Claudine Fleury

Lake & Company License #77018

Last Buyer's Agent

Carla Valente

Lake & Company License #82933

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 754276

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,542

Year Built

  • Built in 1969

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Property is in good condition

Property Views

  • Views of a Sound
  • Bay
  • City
  • Territorial

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 3,832 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Gilman's Addition Condos
  • Magnolia Subdivision

Listing and Financial Details

  • Legal Lot and Block 19 / 4
  • Assessor Parcel Number 2770600525

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,542

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Gilman's Addition
  • New Construction: No
  • CalculatedSquareFootage: 3832
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 362

Interior Features

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

Exterior Features

  • Roof: Flat
  • View: Bay, City, See Remarks, Sound, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 3720

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2770600525
  • Lot Size Acres: 0.1607
  • Lot Size: 50 x 140
  • Lot Size Sq Ft: 7000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: King County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 19

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5410

Multi Family

  • Gross Scheduled Income: 64920
  • Net Operating Income: 46616
  • Number Of Units Total: 4
  • Electric Expense: 930
  • Insurance Expense: 862
  • Leasable Area: 3600
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2014
  • Tax Annual Amount: 8542

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2015
Closed on
Apr 27, 2015
Sold by
Li Sheri X
Bought by
Chen Siting
Seller's Agent
Larry Crites
Lake & Company
Buyer's Agent
Carla Valente
Lake & Company
List Price
$975,000
Sold Price
$951,160
Premium/Discount to List
-$23,840
-2.45%
Current Estimated Value
$1,789,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$838,298
Avg. Annual Appreciation
6.89%
Original Mortgage
$713,370
Outstanding Balance
$559,744
Interest Rate
3.8%
Estimated Equity
$1,335,430

Purchase Details

Listed on
Mar 11, 2015
Closed on
Apr 23, 2015
Sold by
Mccormick Lawrence P and Mccormick Patricia A
Bought by
Chen Siting
Seller's Agent
Larry Crites
Lake & Company
Buyer's Agent
Carla Valente
Lake & Company
List Price
$975,000
Sold Price
$951,160
Premium/Discount to List
-$23,840
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$713,370
Outstanding Balance
$559,744
Interest Rate
3.8%
Estimated Equity
$1,335,430

Purchase Details

Closed on
Mar 22, 2014
Sold by
Mccormick Lawrence P and Mccormick Patricia A
Bought by
Mccormick Lawrence P and Mccormick Patricia A

Purchase Details

Closed on
Dec 31, 2003
Sold by
Dutton John J and Dutton Dorothea M
Bought by
Mccormick Lawrence P and Mccormick Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
5.81%

Purchase Details

Closed on
Jun 21, 2001
Sold by
Riddell Michael J and Riddell Blythe C
Bought by
Dutton John J and Dutton Dorothea M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.15%

Purchase Details

Closed on
Jun 15, 2001
Sold by
Dutton Margaret A
Bought by
Dutton John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.15%

Purchase Details

Closed on
Aug 29, 1996
Sold by
Seidelhuber Diane and Seidelhuber Robert V
Bought by
Riddell Michael J and Riddell Blythe C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.2%
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
Chen Siting -- Ticor National
Chen Siting $951,160 Ticor National
Mccormick Lawrence P -- None Available
Mccormick Lawrence P $530,000 Chicago Title
Dutton John J $473,825 Chicago Title
Dutton John J -- Chicago Title
Riddell Michael J $320,500 Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Siting $713,370
Previous Owner Mccormick Lawrence P $397,500
Previous Owner Dutton John J $230,000
Previous Owner Riddell Michael J $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2015 04/28/15 Sold $951,160 -2.4% $248 / Sq Ft
03/17/2015 03/17/15 Pending -- -- --
03/11/2015 03/11/15 For Sale $975,000 -- $254 / 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 $12,796 $1,284,000 $1,155,000 $129,000
2023 $12,749 $1,343,000 $1,155,000 $188,000
2022 $12,409 $1,465,000 $1,050,000 $415,000
2021 $14,562 $1,314,000 $1,050,000 $264,000
2020 $14,611 $1,483,000 $1,050,000 $433,000
2018 $11,244 $1,335,000 $945,000 $390,000
2017 $10,303 $1,112,000 $700,000 $412,000
2016 $9,860 $1,054,000 $595,000 $459,000
2015 $8,479 $986,000 $595,000 $391,000
2014 -- $865,000 $525,000 $340,000
2013 -- $790,000 $455,000 $335,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 754276

Northwest Multiple Listing Service (NWMLS)

APN: 277060-0525