NOT LISTED FOR SALE

4012 California Ave SW Seattle, WA 98116

Genesee Neighborhood

Estimated Value: $385,857 - $577,000

2 Beds
6 Baths
5,000 Sq Ft
$90/Sq Ft Est. Value

Last Sold April 01, 2016

Last sale price $1,700,000 $340 Per Sq Ft

Current estimated payment $2,597/month

37 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Genesee Hill Elementary School Rated A-
  • 2-minute walk to Dakota Place Park

About This Home

As of April 2016

Built in 1977, converted to condos 2008. Currently rented out as a 6 unit apt. Condo docs in place. Units feature granite countertops, tile floors, full SS appliance packages, and w/d. Each unit is an end unit separated by a breezeway. Stairwells have been updated with new concrete treads, decks built on the south side of the building have been renovated. In all, the owners have spent over $80,000 per unit to update the building and create desirable condominium homes.

Last Agent to Sell the Property

David Petersen

Westlake Associates, Inc. License #7352 Listed on: 01/25/2016

Last Buyer's Agent

David Petersen

Westlake Associates, Inc. License #7352 Listed on: 01/25/2016

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 888165

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,548

Year Built

  • Built in 1977

Lot Details

  • 5,750 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Stucco
  • Wood Composite

Interior Spaces

  • 5,000 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Alaska Junction Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2607920060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,548

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5000
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5024

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2607920060
  • Lot Size Acres: 0.132
  • Lot Size Sq Ft: 5750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 8970

Multi Family

  • Gross Scheduled Income: 107640
  • Net Operating Income: 74953
  • Number Of Units Total: 6
  • Insurance Expense: 1150
  • Leasable Area: 5000
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2015
  • Tax Annual Amount: 7548

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2017
Sold by
Wood River Enterprise Llc
Bought by
West Seattle Residences Llc
Current Estimated Value
$447,714

Purchase Details

Listed on
Jan 25, 2016
Closed on
Mar 30, 2016
Sold by
Cbg Llc
Bought by
Wood River Enterprise Llc
Seller's Agent
David Petersen
Westlake Associates, Inc.
Buyer's Agent
David Petersen
Westlake Associates, Inc.
List Price
$1,795,000
Sold Price
$1,700,000
Premium/Discount to List
-$95,000
-5.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.58%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
West Seattle Residences Llc -- None Available
Wood River Enterprise Llc $1,698,500 Fidelity Natio
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2016 04/01/16 Sold $1,700,000 -5.3% $340 / Sq Ft
03/03/2016 03/03/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $1,795,000 -- $359 / 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 $2,528 $253,800 $172,400 $81,400
2023 $2,668 $274,800 $172,400 $102,400
2022 $2,739 $307,700 $167,600 $140,100
2021 $3,063 $292,000 $153,200 $138,800
2020 $3,002 $312,800 $153,200 $159,600
2018 $2,420 $265,000 $143,600 $121,400
2017 $1,935 $240,500 $134,100 $106,400
2016 $1,681 $197,200 $95,700 $101,500
2015 $1,258 $166,400 $86,200 $80,200
2014 -- $125,500 $86,200 $39,300
2013 -- $120,600 $86,200 $34,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 888165

Northwest Multiple Listing Service (NWMLS)

APN: 260792-0060