Listed by Windermere RE/Capitol Hill,Inc, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $1,181,000 - $1,423,000

6 Beds
2 Baths
2,700 Sq Ft
$496/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $1,065,000 $394 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $8,181/month

7 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • Wood Siding
  • West Woodland Elementary School Rated A
  • Partially Fenced Property
  • 1-minute walk to Phinney Ridge P-Patch Community Garden

About This Home

As of July 2020

Mid-century style & exceptional location! Located on a quiet street in coveted Ballard; perfect for a traditional investor or occupy one unit & rent the other. Highest duplex cap rate in Ballard! Each fully remodeled unit offers: great living area layout; 1 bed/1 bath up and 2 beds/.75 baths down; outdoor patios; laundry & parking for 2-3 cars. The front unit is currently rented. Both units have air conditioning & most systems have been updated. Walk to all that Ballard & Phinney have to offer!

Last Agent to Sell the Property

Heather Dolin

Windermere RE/Capitol Hill,Inc License #88268 Listed on: 06/15/2020

Windermere RE/Capitol Hill,Inc

Co-Listed By

Mark Hanses

Windermere RE/Capitol Hill,Inc License #17346

Last Buyer's Agent

Krista Belova

COMPASS License #96831

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1613316

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,259

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Schools

  • West Woodland Elementary School
  • Hamilton Mid Middle School
  • Ballard High School

Additional Features

  • Patio
  • Mini Split Air Conditioners

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2769600281

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,259

Year Built

Built in 1958 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1958
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2700
  • Special Features: VirtualTour
  • Cumulative Days on Market: 362

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Forced Air, Ceramic Tile, Hardwood, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: SCL
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 4119

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 1607

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Hamilton Mid

Lot Info

  • Parcel Number: 2769600281
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: King County Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 6150

Multi Family

  • Gross Scheduled Income: 73800
  • Net Operating Income: 58284
  • Number Of Units Total: 2
  • Electric Expense: 1576
  • Insurance Expense: 579
  • Leasable Area: 2700
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 7259

MLS Schools

  • Elementary School: West Woodland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 17, 2020
Sold by
Brown Maxwell and Allen Bradley
Bought by
Lopez Kathie Junel and Marino Joseph Michael
Seller's Agent
Heather Dolin
Windermere RE/Capitol Hill,Inc
Buyer's Agent
Krista Belova
COMPASS
List Price
$1,050,000
Sold Price
$1,065,000
Premium/Discount to List
$15,000
1.43%
Current Estimated Value
$1,340,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,222
Avg. Annual Appreciation
5.72%
Original Mortgage
$852,000
Outstanding Balance
$765,164
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$648,668

Purchase Details

Listed on
Apr 7, 2015
Closed on
May 11, 2015
Sold by
Hoeschen Robert and Smith Susan L
Bought by
Allen Bradley and Brown Maxwell
Buyer's Agent
Mark Hanses
Windermere RE/Capitol Hill,Inc
List Price
$609,500
Sold Price
$590,000
Premium/Discount to List
-$19,500
-3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.08%
Original Mortgage
$569,138
Interest Rate
3.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2010
Sold by
Anderson John Fancis
Bought by
Hoeschen Robert

Purchase Details

Closed on
Jun 18, 2010
Sold by
Hoeschen Robert W
Bought by
Anderson John Francis

Purchase Details

Closed on
Apr 5, 2007
Sold by
Anderson Barbara G and Hoeschen Barbara G
Bought by
Smith Susan L

Purchase Details

Closed on
Jun 30, 1992
Sold by
Marsh Harold and Marsh Violet+
Bought by
Anderson Barbara

Purchase Details

Closed on
May 12, 1992
Sold by
Anderson Barbara G
Bought by
Smith Susan L
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
Lopez Kathie Junel $1,065,000 Cw Title
Allen Bradley $590,000 Rainier Title
Hoeschen Robert $136,829 Pacific Nw Tit
Anderson John Francis -- None Available
Smith Susan L -- None Available
Anderson Barbara $41,100 --
Smith Susan L $3,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Kathie Junel $852,000
Previous Owner Brown Maxwell L $517,500
Previous Owner Allen Bradley $569,138
Previous Owner Hoeschen Robert $100,000
Previous Owner Hoeschen Robert $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $1,065,000 +1.4% $394 / Sq Ft
06/22/2020 06/22/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $1,050,000 +78.0% $389 / Sq Ft
05/20/2015 05/20/15 Sold $590,000 -3.2% $219 / Sq Ft
04/10/2015 04/10/15 Pending -- -- --
04/07/2015 04/07/15 For Sale $609,500 -- $226 / 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 $10,548 $1,072,000 $607,000 $465,000
2023 $9,829 $1,005,000 $557,000 $448,000
2022 $10,151 $1,182,000 $526,000 $656,000
2021 $8,020 $1,076,000 $500,000 $576,000
2020 $8,282 $795,000 $356,000 $439,000
2018 $7,445 $812,000 $379,000 $433,000
2017 $6,345 $727,000 $342,000 $385,000
2016 $5,724 $638,000 $300,000 $338,000
2015 $4,815 $561,000 $268,000 $293,000
2014 -- $480,000 $221,000 $259,000
2013 -- $443,000 $204,000 $239,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1613316

Northwest Multiple Listing Service (NWMLS)

APN: 276960-0281