Listed by Berkshire Hathaway HS NW, Bought with Associates West RE Seattle LLC
NOT LISTED FOR SALE

Estimated Value: $990,000 - $1,283,000

5 Beds
3 Baths
2,060 Sq Ft
$554/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $920,000 $447 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,739/month

7 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Thermal Windows
  • Alki Elementary School Rated A-
  • Corner Lot
  • 1-minute walk to Cormorant Cove

About This Home

As of November 2018

VIEW DUPLEX!!! Outstanding location on Beach Drive near Alki. Suitable for owner occupant (Upper unit) with partial view of Puget Sound and Olympics. Each unit offers wood burning fireplace and in unit Washer & Dryer. Off street parking and individual storage units are offered. Nice building in great condition. Huge upside potential in rents with long term tenants and elderly owner that resulted in below market rents. Tenants are Month to month. PLEASE KEEP DOORS CLOSED. DO NOT LET PETS OUTSIDE.

Last Agent to Sell the Property

Craig Roberts

Berkshire Hathaway HS NW License #32076 Listed on: 10/22/2018

Berkshire Hathaway HS NW

Co-Listed By

Michael Mallagh

Windermere West Metro License #98408

Last Buyer's Agent

Marion Bereiter

Associates West RE Seattle LLC License #18791

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1377480

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,221

Year Built

  • Built in 1976

Lot Details

  • 3,225 Sq Ft Lot
  • Lot Dimensions are 49 x 89 x 43 x 64
  • Corner Lot
  • Property is in very good condition

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,060 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Alki Elementary School
  • Madison Mid Middle School
  • West Seattle High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Beach Drive Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1524039060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,221

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2060
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Sound
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 2114

Schools

  • Junior High Dist: Seattle
  • High School: West Seattle High
  • Middle Or Junior School: Madison Mid

Lot Info

  • Parcel Number: 1524039060
  • Lot Size Acres: 0.074
  • Lot Size: 49 x 89 x 43 x 64
  • Lot Size Sq Ft: 3225
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 28
  • LeasedItems: None
  • TotalMonthlyIncome: 2300

Multi Family

  • Gross Scheduled Income: 27600
  • Net Operating Income: 16400
  • Number Of Units Total: 2
  • Insurance Expense: 1810
  • Leasable Area: 2060
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 6221

MLS Schools

  • Elementary School: Alki

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Nov 9, 2018
Sold by
Hofer Pamina and Estate Of Jean Eloise French
Bought by
Alke Property Ltd
Seller's Agent
Craig Roberts
Berkshire Hathaway HS NW
Buyer's Agent
Marion Bereiter
Associates West RE Seattle LLC
List Price
$795,000
Sold Price
$920,000
Premium/Discount to List
$125,000
15.72%
Current Estimated Value
$1,140,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,447
Avg. Annual Appreciation
3.17%
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
Alke Property Ltd $920,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2018 11/19/18 Sold $920,000 +15.7% $447 / Sq Ft
10/29/2018 10/29/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $795,000 -- $386 / 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 $8,318 $854,000 $615,000 $239,000
2023 $8,046 $874,000 $568,000 $306,000
2022 $7,335 $928,000 $550,000 $378,000
2021 $6,971 $776,000 $507,000 $269,000
2020 $6,855 $699,000 $357,000 $342,000
2018 $6,221 $689,000 $357,000 $332,000
2017 $5,945 $612,000 $324,000 $288,000
2016 $5,706 $607,000 $309,000 $298,000
2015 $5,566 $570,000 $291,000 $279,000
2014 -- $571,000 $284,000 $287,000
2013 -- $491,000 $247,000 $244,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1377480

Northwest Multiple Listing Service (NWMLS)

APN: 152403-9060