NOT LISTED FOR SALE

Estimated Value: $713,000 - $864,349

4 Beds
2 Baths
1,490 Sq Ft
$520/Sq Ft Est. Value

Last Sold July 17, 2017

Last sale price $550,000 $369 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,907/month

4 Days on Market

Highlights

  • River View
  • Deck
  • Thermal Windows
  • Lafayette Elementary School Rated A-
  • Corner Lot
  • Wood Siding

About This Home

As of July 2017

Invest in a West Seattle Income Opportunity now and catch the market upswing! All tenants are Month to Month and all want to stay. Each unit has own laundry. Nestled up on desired Pigeon Point dead end street with views of Cascades, Duwamish River & Bridge. Rents well below market price so room to increase income. Close to Golf, Shopping, Parks & minutes to downtown Seattle.

Last Agent to Sell the Property

Jason Stricevich

HomeSmart Real Estate Assoc License #119920 Listed on: 06/09/2017

HomeSmart Real Estate Assoc

Last Buyer's Agent

Dae Kim

Inter Central Investment Corp. License #24842

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1141673

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,173

Year Built

  • Built in 1948

Lot Details

  • 7,400 Sq Ft Lot
  • Street terminates at a dead end
  • Corner Lot
  • Property is in average condition

Property Views

  • River
  • Mountain
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,490 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Sanders 1St Add To W S Condos
  • Pigeon Point Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 16
  • Assessor Parcel Number 7547301670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,173

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1948
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: SANDERS 1ST ADD TO W S
  • New Construction: No
  • CalculatedSquareFootage: 1490
  • SOCComments: You Deserve it!
  • Special Features: None
  • Cumulative Days on Market: 320

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s), River, Territorial
  • Lot Features: Corner Lot, Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 3480

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7547301670
  • Lot Size Acres: 0.1699
  • Lot Size Sq Ft: 7400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 1

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2900

Multi Family

  • Gross Scheduled Income: 34800
  • Net Operating Income: 26130
  • Number Of Units Total: 2
  • Insurance Expense: 1017
  • Leasable Area: 1490
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2017
  • Tax Annual Amount: 4173

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2017
Closed on
Jul 13, 2017
Sold by
Greive Raymond and Greive Nancy
Bought by
Kim Ji Myoung and Kim Marcia
Seller's Agent
Jason Stricevich
HomeSmart Real Estate Assoc
Buyer's Agent
Dae Kim
Inter Central Investment Corp.
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$775,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,116
Avg. Annual Appreciation
2.98%
Original Mortgage
$412,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2004
Sold by
Deakins Kathleen Greive
Bought by
Greive Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,728
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1989
Sold by
Greive Barbara C
Bought by
Greive Raymond R
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
Kim Ji Myoung $550,000 Stewart Title Company
Greive Raymond $101,728 --
Greive Raymond R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Ji Myoung $387,000
Closed Kim Ji Myoung $412,500
Previous Owner Greive Ray P $326,000
Previous Owner Greive Ray P $340,000
Previous Owner Greive Ray P $110,000
Previous Owner Greive Raymond $51,728
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2017 07/17/17 Sold $550,000 0.0% $369 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $550,000 -- $369 / 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 $7,513 $714,000 $402,000 $312,000
2023 $6,433 $653,000 $355,000 $298,000
2022 $5,769 $686,000 $323,000 $363,000
2021 $5,617 $561,000 $262,000 $299,000
2020 $5,595 $520,000 $232,000 $288,000
2018 $4,843 $539,000 $236,000 $303,000
2017 $4,173 $442,000 $197,000 $245,000
2016 $3,767 $391,000 $185,000 $206,000
2015 $3,174 $344,000 $116,000 $228,000
2014 -- $293,000 $104,000 $189,000
2013 -- $233,000 $104,000 $129,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1141673

Northwest Multiple Listing Service (NWMLS)

APN: 754730-1670