Listed by Keller Williams Downtown Sea, Bought with Best Choice Realty LLC
NOT LISTED FOR SALE

3441 3445 23rd Ave W Unit ABC Seattle, WA 98199

Lawton Park Neighborhood

Estimated Value: $1,827,000 - $2,161,937

6 Beds
3 Baths
3,930 Sq Ft
$520/Sq Ft Est. Value

Highlights

  • Lake View
  • Deck
  • High Speed Internet
  • Mcclure Middle School Rated A-
  • Ceramic Tile Flooring
  • Property is in very good condition

About This Home

Investor Alert! Fully leased east slope Magnolia Triplex with City, Valley, Mountain & Water views from each unit. All 2 bed 1.5 bath have been remodeled w/new hardwood, cabinets, counters, appliances, fixtures, & more. The Exterior has a new 30 year TPO roof, new vinyl windows, & newer vinyl siding. 8 parking spots w/3 covered. Lot ZONED L1 potential for 7 units. Long term Tenants! Close to Discovery park Downtown Seattle, Ballard & South Lake Union. airbnb or VBRO cash flows a unit a 7% cap.

Last Agent to Sell the Property

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068 Listed on: 05/31/2017

Keller Williams Downtown Sea

Last Buyer's Agent

Bryan Koehler

Best Choice Realty LLC License #27014

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1131920

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,500

Year Built

  • Built in 1967

Lot Details

  • 7,000 Sq Ft Lot
  • Property is in very good condition

Property Views

  • Lake
  • Golf Course
  • City
  • Canal
  • Mountain
  • Territorial

Home Design

  • Triplex
  • Flat Roof Shape
  • Poured Concrete
  • Bitumen Roof
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 3,930 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Overhead Utilities
  • High Speed Internet
  • Cable TV Available

Community Details

  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770600545

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,500

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1967
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3930
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2% to both sellers choice
  • Special Features: None
  • Cumulative Days on Market: 412

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat, Torch Down
  • View: Canal, City, Golf Course, Lake, Mountain(s), Territorial
  • Lot Features: Alley, Curbs, High Voltage Line, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, High Voltage Line, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: City of Seattle
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 2200

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2770600545
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 6650

Multi Family

  • Gross Scheduled Income: 79800
  • Net Operating Income: 65300
  • Number Of Units Total: 3
  • Electric Expense: 800
  • Insurance Expense: 1000
  • Leasable Area: 3930
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2017
  • Tax Annual Amount: 10500

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2017
Closed on
Aug 2, 2017
Sold by
Powers Real Estate Llc
Bought by
Warea Llc
Seller's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
Buyer's Agent
Bryan Koehler
Best Choice Realty LLC
List Price
$1,675,000
Sold Price
$1,500,000
Premium/Discount to List
-$175,000
-10.45%
Current Estimated Value
$2,042,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,312
Avg. Annual Appreciation
2.42%

Purchase Details

Closed on
Dec 22, 2015
Sold by
Umtanum Funds Llc
Bought by
Powers Real Estate Llc

Purchase Details

Closed on
Jul 1, 2015
Sold by
Schreiber Sue A and Schreiber Sua A
Bought by
Umtanum Funds Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 26, 2015
Sold by
Eastside Funding Llc
Bought by
Umtanum Funds Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 2, 2004
Sold by
Johnson Gary M
Bought by
Rodes Peter and Schreiber Sue A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
1.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2003
Sold by
Johnson Elizabeth S
Bought by
Johnson Gary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 1994
Sold by
Johnson Gary M
Bought by
Johnson Gary M and Johnson Elizabeth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,550
Interest Rate
8.9%

Purchase Details

Closed on
Apr 21, 1992
Sold by
Martinsen Victoria J
Bought by
Johnson Gary M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Warea Llc $1,500,000 First American
Powers Real Estate Llc $1,220,000 First American
Umtanum Funds Llc $781,000 None Available
Umtanum Funds Llc -- None Available
Rodes Peter $550,000 Old Republic T
Johnson Gary M -- Old Republic T
Johnson Gary M -- Chicago Title Insurance Co
Johnson Gary M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Umtanum Funds Llc $664,000
Previous Owner Umtanum Funds Llc $790,126
Previous Owner Rodes Peter $200,000
Previous Owner Rodes Peter $440,000
Previous Owner Johnson Gary M $275,000
Previous Owner Johnson Gary M $151,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2017 07/24/17 Pending -- -- --
07/23/2017 07/23/17 Price Changed $1,550,000 -3.1% $394 / Sq Ft
06/21/2017 06/21/17 Price Changed $1,599,000 -4.5% $407 / Sq Ft
05/31/2017 05/31/17 For Sale $1,675,000 -- $426 / 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 $15,039 $1,528,000 $1,166,000 $362,000
2023 $14,747 $1,573,000 $869,000 $704,000
2022 $13,222 $1,711,000 $816,000 $895,000
2021 $12,606 $1,406,000 $684,000 $722,000
2020 $12,553 $1,273,000 $626,000 $647,000
2018 $11,837 $1,239,000 $629,000 $610,000
2017 $10,451 $1,174,000 $427,000 $747,000
2016 $8,608 $1,070,000 $389,000 $681,000
2015 -- $854,000 $354,000 $500,000
2014 -- $732,000 $303,000 $429,000
2013 -- $665,000 $292,000 $373,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1131920

Northwest Multiple Listing Service (NWMLS)

APN: 277060-0545