NOT LISTED FOR SALE
-- Bed
-- Bath
4,275 Sq Ft
5,100 Sq Ft Lot

Last Sold April 01, 2024

Last sale price $1,275,000 $298 Per Sq Ft

8 Days on Market

Highlights

  • No HOA
  • Patio
  • Partially Fenced Property
  • B.F. Day Elementary School Rated A-
  • Baseboard Heating
  • Wood Siding

About This Home

As of April 2024

Located in Wallingford, The Ashworth is a strong value-add opportunity. Current operations are profitable, and there is significant potential for increased income. Current rental rates are below market rates, and there is room for renovations. By adjusting rental rates and lowering operating expenses to align with the market, a new operator could likely boost income by approx 40%. Residents love the central location, with convenient access to downtown Seattle, South Lake Union, and the Eastside, while living in a peaceful residential setting that offers an array of local amenities. Outdoor recreational venues in the immediate vicinity incl Gasworks Park, the Woodland Park Zoo, The Woodland Park and Green Lake Trail.

Last Agent to Sell the Property

Nancy Chapin

Windermere R E Mount Baker License #79403 Listed on: 11/14/2023

Windermere R E Mount Baker

Last Buyer's Agent

Nick Hemming

Paragon Real Estate Advisors License #120684

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2179779

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,138

Year Built

  • Built in 1959

Lot Details

  • 5,100 Sq Ft Lot
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 4,275 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Edgewater Add Condos
  • Wallingford Subdivision

Listing and Financial Details

  • Legal Lot and Block 27 / 2
  • Assessor Parcel Number 2264500315

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,138

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1959
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Edgewater Add
  • New Construction: No
  • CalculatedSquareFootage: 4275
  • Special Features: None
  • Cumulative Days on Market: 279

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 10801

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 2264500315
  • Lot Size Acres: 0.1171
  • Lot Size Sq Ft: 5100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio,Shop
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 27

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.03
  • LeasedItems: None
  • TotalMonthlyIncome: 8562

Multi Family

  • Gross Scheduled Income: 101940
  • Net Operating Income: 47533
  • Number Of Units Total: 5
  • Electric Expense: 250
  • Insurance Expense: 4141
  • Leasable Area: 3705
  • EnergySource: Electric
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 15138

MLS Schools

  • Elementary School: Buyer To Verify

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
04/01/2024 04/01/24 Sold $1,275,000 -10.8% $298 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $1,430,000 -- $335 / 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: 2179779

Northwest Multiple Listing Service (NWMLS)