NOT LISTED FOR SALE
6 Beds
6 Baths
10,705 Sq Ft
0.97 Acres

Last Sold January 14, 2016

Last sale price $3,700,000 $346 Per Sq Ft

15 Days on Market

Highlights

  • Views of a Sound
  • Home fronts a sound
  • Patio
  • Alki Elementary School Rated A-
  • 0.97 Acre Lot
  • 1-minute walk to Cormorant Cove

About This Home

As of January 2016

Potential unit add opportunity. Below market rents. Covered parking. Possible Seller Financing.

Co-Listed By

Peter Hiatt

Westlake Associates, Inc. License #3015

Last Buyer's Agent

Curran Hagstrom

Westlake Associates, Inc. License #103072

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 847784

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,131

Year Built

  • Built in 1954

Lot Details

  • 0.97 Acre Lot
  • Home fronts a sound

Parking

  • 5 Parking Spaces

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Stucco
  • Wood Composite

Interior Spaces

  • 10,705 Sq Ft Home
  • 3-Story Property
  • Views of a Sound

Outdoor Features

  • Bulkhead
  • Patio

Community Details

  • Beach Drive Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1818800014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,131

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1954
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 10705
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 380

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: Sound
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront Features: Bulkhead, No Bank, Sound
  • Waterfront: Yes
  • Exterior Features: Stucco, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 5
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 16956

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1818800014
  • Lot Size Acres: 0.9686
  • Lot Size Sq Ft: 42193
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: King County Assessors
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 18905

Multi Family

  • Gross Scheduled Income: 226860
  • Net Operating Income: 140420
  • Number Of Units Total: 13
  • Insurance Expense: 3100
  • Leasable Area: 10150
  • UnitsInBuildingTotal: 13
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2014
  • Tax Annual Amount: 24131

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
01/14/2016 01/14/16 Sold $3,700,000 +5.7% $346 / Sq Ft
10/01/2015 10/01/15 Pending -- -- --
09/15/2015 09/15/15 For Sale $3,500,000 -- $327 / 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: 847784

Northwest Multiple Listing Service (NWMLS)