Listed by John L. Scott, Inc, Bought with Lake & Company
NOT LISTED FOR SALE

3455 23rd Ave W Unit 1-4 Seattle, WA 98199

Lawton Park Neighborhood

Estimated Value: $1,553,000 - $1,809,000

-- Bed
-- Bath
3,816 Sq Ft
$436/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $1,525,000 $400 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,880/month

5 Days on Market

Highlights

  • City View
  • Corner Lot
  • Patio
  • Mcclure Middle School Rated A-
  • No HOA
  • Ceramic Tile Flooring

About This Home

As of February 2022

Cash flowing 4-plex in excellent location of Magnolia! Nestled in a great neighborhood sitting on a corner lot, high above the street. Lofty territorial views looking towards the Cascades w/a peek of the canal. 2 top units, 2bdrm/1.5bth each w/skylights, cozy wood burning fireplaces, vaulted ceilings & decks with gorgeous views. Large lower unit with lots of light, 2bdrm/1bth, fireplace, washer dryer & its own private yard/garden area. 4th unit is 1 bed with .75 bath. Public transportation 1 block away and car shares near by. Minutes to parks like Magnolia Reservoir, Magnolia Manor off leash dog park, Discovery park & more. Great schools, shops, restaurants and coffee shops are all near by. Room to increase rent and improve your cash flow

Last Agent to Sell the Property

Nelya Calev

John L. Scott, Inc License #97542 Listed on: 01/19/2022

John L. Scott, Inc

Last Buyer's Agent

Joseph Goldberg

Lake & Company License #114035

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1879249

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,236

Year Built

  • Built in 1969

Lot Details

  • 7,000 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Property Views

  • City
  • Canal
  • Territorial

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,816 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Community Details

  • No Home Owners Association
  • Magnolia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2770600560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,236

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: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3816
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Canal, City, See Remarks, Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2770600560
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.92
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 7850

Multi Family

  • Gross Scheduled Income: 94200
  • Net Operating Income: 74324
  • Number Of Units Total: 4
  • Electric Expense: 2550
  • Insurance Expense: 2090
  • Leasable Area: 3816
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 14236

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 24, 2022
Sold by
Khm Estates Llc
Bought by
Ifrach Bar
Seller's Agent
Nelya Calev
John L. Scott, Inc
Buyer's Agent
Joseph Goldberg
Lake & Company
List Price
$1,500,000
Sold Price
$1,525,000
Premium/Discount to List
$25,000
1.67%
Current Estimated Value
$1,662,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,573
Avg. Annual Appreciation
2.39%
Original Mortgage
$1,143,750
Outstanding Balance
$1,062,059
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$600,514

Purchase Details

Closed on
Jul 20, 2020
Sold by
Harada Keiko
Bought by
Khm Estates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2020
Sold by
Khm Estates Llc
Bought by
Harada Keiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2014
Closed on
Oct 29, 2014
Sold by
Harada Kieko
Bought by
Khm Estates Llc
Seller's Agent
Ione McCarthy
RSVP Brokers ERA
Buyer's Agent
Nona Adams
RE/MAX Integrity
List Price
$999,000
Sold Price
$999,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$749,250
Interest Rate
4.1%

Purchase Details

Listed on
Aug 15, 2014
Closed on
Sep 15, 2014
Sold by
Blasing Ron and Blasing Ronald K
Bought by
Harada Keiko
Seller's Agent
Ione McCarthy
RSVP Brokers ERA
Buyer's Agent
Nona Adams
RE/MAX Integrity
List Price
$999,000
Sold Price
$999,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,250
Interest Rate
4.1%

Purchase Details

Closed on
May 30, 1995
Sold by
Blasing Ronald Keith
Bought by
Anderson Mark H and Anderson Carol E

Purchase Details

Closed on
Dec 15, 1986
Sold by
Nagy John and Karen Maureen
Bought by
Blasing Ron
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
Ifrach Bar $1,525,000 Fidelity National Title
Khm Estates -- Accommodation
Harada Keiko -- Nextitle
Khm Estates Llc -- None Available
Harada Keiko $999,000 Stewart Title
Anderson Mark H -- --
Blasing Ron $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ifrach Bar $1,143,750
Previous Owner Harada Keiko $700,000
Previous Owner Harada Keiko $749,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2022 02/25/22 Sold $1,525,000 +1.7% $400 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $1,500,000 +50.2% $393 / Sq Ft
09/17/2014 09/17/14 Sold $999,000 0.0% $262 / Sq Ft View Prior Sale
08/16/2014 08/16/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $999,000 -- $262 / 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 $13,090 $1,316,000 $1,155,000 $161,000
2023 $12,944 $1,525,000 $1,155,000 $370,000
2022 $12,498 $1,489,000 $1,050,000 $439,000
2021 $14,236 $1,324,000 $1,050,000 $274,000
2020 $14,915 $1,694,000 $1,050,000 $644,000
2018 $12,009 $1,364,000 $945,000 $419,000
2017 $11,228 $1,192,000 $700,000 $492,000
2016 $9,870 $1,154,000 $595,000 $559,000
2015 -- $987,000 $595,000 $392,000
2014 -- $866,000 $525,000 $341,000
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: 1879249

Northwest Multiple Listing Service (NWMLS)

APN: 277060-0560