Listed by Kidder Mathews, Bought with Lee & Associates Commercial RE
NOT LISTED FOR SALE
-- Bed
-- Bath
3,640 Sq Ft
3,300 Sq Ft Lot

Last Sold October 14, 2022

Last sale price $1,650,000 $453 Per Sq Ft

11 Days on Market

Highlights

  • Lake View
  • Secluded Lot
  • No HOA
  • Green Lake Elementary School Rated A-
  • Wood Flooring
  • 1-minute walk to Sun Bear Park

About This Home

As of October 2022

A true value add property located 2 blocks away from Lake Union. This is the first time this property has been on the market in 40+ years. 7 Units available for a complete renovation. Strong in-place cash flow with substantial renovation upside to over 21%. Common laundry for all units with two parking spots available. Located within walking distance from gas works park, Fremont & Wallingford neighborhoods and the University of Washington. Financials are Proforma and Rents are In-Place.

Last Agent to Sell the Property

Winslow Lee

Kidder Mathews License #136708 Listed on: 05/05/2022

Last Buyer's Agent

Daniel Lim

Lee & Associates Commercial RE License #131121

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1928867

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,000

Year Built

  • Built in 1907

Lot Details

  • 3,300 Sq Ft Lot
  • Secluded Lot

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,640 Sq Ft Home
  • 4-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • 2 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Wallingford Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9178601635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,000

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1907
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3640
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2%
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: City, Lake, Mountain(s), Territorial
  • Lot Features: Curbs, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9178601635
  • Lot Size Acres: 0.0758
  • Lot Size: 3300
  • Lot Size Sq Ft: 3300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 9260

Tax Info

  • Year: 2022
  • Tax Annual Amount: 20000
  • AdditionalTaxIds: 9178601635

Multi Family

  • Number Of Units Total: 7
  • EnergySource: Electric
  • UnitsBelowGrade: true

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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 List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $1,650,000 -2.9% $453 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $1,700,000 -- $467 / 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 $14,553 $1,531,000 $412,500 $1,118,500
2023 $15,693 $1,737,000 $412,500 $1,324,500
2022 $15,594 $1,882,000 $330,000 $1,552,000
2021 $17,031 $1,722,000 $330,000 $1,392,000
2020 $16,002 $1,790,000 $330,000 $1,460,000
2018 $13,366 $1,517,000 $330,000 $1,187,000
2017 $12,143 $1,367,000 $264,000 $1,103,000
2016 $10,737 $1,284,000 $247,500 $1,036,500
2015 -- $1,106,000 $214,500 $891,500
2014 -- $885,000 $181,500 $703,500
2013 -- $793,000 $165,000 $628,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1928867

Northwest Multiple Listing Service (NWMLS)