Listed by Real Broker LLC, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,462,088 - $1,745,000

4 Beds
4 Baths
3,510 Sq Ft
$463/Sq Ft Est. Value

Last Sold January 10, 2017

Last sale price $980,000 $279 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $9,636/month

27 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Patio
  • Alki Elementary School Rated A-
  • Thermal Windows
  • 1-minute walk to Weather Watch Park

About This Home

As of January 2017

Beach Drive/Alki-Area Triplex. Huge 2 story penthouse unit + (2) 1bed/1bath units make an ideal owner occupant+extra income property, OR rent all 3 units at market rate for an unheard of 5.7% CAP RATE in a high-end Seattle neighborhood! Steps from the water; enjoy sweeping Puget Sound and mountains views from the property. Updated systems throughout: newer roof, copper plumbing, electrical, windows, etc. Beautifully landscaped garden; large 2 car garage, wine cellar, private storage units.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 10/21/2016

Co-Listed By

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Last Buyer's Agent

Lisa Luo

Skyline Properties, Inc. License #73545

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1043009

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,381

Year Built

  • Built in 1917

Lot Details

  • 5,000 Sq Ft Lot
  • Sprinkler System

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,510 Sq Ft Home
  • 4-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Beach Drive Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1563100855

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,381

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1917
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3510
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.5%
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Sound
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 3700

Schools

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

Lot Info

  • Parcel Number: 1563100855
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Outbuildings,Patio,Sprinkler System
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 5900

Multi Family

  • Gross Scheduled Income: 70800
  • Net Operating Income: 57269
  • Number Of Units Total: 3
  • Insurance Expense: 1450
  • Leasable Area: 2930
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 8381

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2016
Closed on
Jan 5, 2017
Sold by
Brunt Barry D and Krekeler Barbara S
Bought by
Lee Susan F and Woo Wai T
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Lisa Luo
Skyline Properties, Inc.
List Price
$999,900
Sold Price
$980,000
Premium/Discount to List
-$19,900
-1.99%
Current Estimated Value
$1,625,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$645,522
Avg. Annual Appreciation
5.97%
Original Mortgage
$588,000
Outstanding Balance
$481,070
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,144,452

Purchase Details

Closed on
Sep 7, 1989
Sold by
Thomas Kenneth L and Thomas Rebecca
Bought by
Brunt Barry D and Brunt Barbara S
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
Lee Susan F $980,000 Old Republic
Brunt Barry D $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Susan F $588,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2017 01/10/17 Sold $980,000 -2.0% $279 / Sq Ft
11/21/2016 11/21/16 Pending -- -- --
11/11/2016 11/11/16 For Sale $999,900 0.0% $285 / Sq Ft
11/07/2016 11/07/16 Pending -- -- --
10/24/2016 10/24/16 For Sale $999,900 -- $285 / 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 $12,215 $1,251,000 $985,000 $266,000
2023 $12,242 $1,280,000 $910,000 $370,000
2022 $10,603 $1,358,000 $881,000 $477,000
2021 $9,966 $1,135,000 $812,000 $323,000
2020 $10,225 $1,012,000 $516,000 $496,000
2018 $10,069 $1,042,000 $515,000 $527,000
2017 $8,724 $1,007,000 $467,000 $540,000
2016 $8,381 $900,000 $445,000 $455,000
2015 $7,666 $845,000 $418,000 $427,000
2014 -- $791,000 $300,000 $491,000
2013 -- $680,000 $261,000 $419,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1043009

Northwest Multiple Listing Service (NWMLS)

APN: 156310-0855