Listed by Paragon Real Estate Advisors, Bought with Keller Williams Realty PS
NOT LISTED FOR SALE

Estimated Value: $729,000 - $1,101,000

2 Beds
1 Bath
25,996 Sq Ft
$35/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $6,600,000 $254 Per Sq Ft

Current estimated payment $5,519/month

17 Days on Market

Highlights

  • 0.31 Acre Lot
  • Wood Siding
  • Wall to Wall Carpet
  • Coe Elementary School Rated A

About This Home

As of April 2021

22 unit plus commercial mixed-use building located on the desirable north side of the Queen Anne neighborhood. 41 Dravus offers residents an easy commute into downtown Seattle as well as quick access to neighboring South Lake Union, Fremont and Ballard. The current ownership built the building in 1991 and has owned and managed it since construction. This is an extremely rare opportunity for an investor to acquire an asset on Queen Anne that allows for significant repositioning upside.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 03/09/2021

Co-Listed By

Paul Mickley

Paragon Real Estate Advisors License #40071

Last Buyer's Agent

Larry Nordberg

Keller Williams Realty PS License #26944

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1739850

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $103,071

Year Built

  • Built in 1991

Lot Details

  • 0.31 Acre Lot

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 25,996 Sq Ft Home
  • 4-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 41 Parking Spaces
  • 41 Covered Spaces

Community Details

  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1972206040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$103,071

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1991
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 25996
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Elevator,Storage

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 41
  • Open Parking: No
  • Total Parking Spaces: 41
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 48871

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1972206040
  • Lot Size Acres: 0.3142
  • Lot Size Sq Ft: 13688
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 34231

Multi Family

  • Gross Scheduled Income: 410772
  • Net Operating Income: 174287
  • Number Of Units Total: 26
  • Insurance Expense: 12400
  • Leasable Area: 25996
  • EnergySource: Electric
  • UnitsInBuildingTotal: 30
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2021
  • Tax Annual Amount: 103071

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2019
Sold by
Mcbride John J and Mcbride Anne T
Bought by
Seattle Pacific University
Current Estimated Value
$921,969

Purchase Details

Closed on
Aug 15, 2017
Sold by
Hagen Wesley T
Bought by
Mcbride John J and Mcbride Anne T
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
Seattle Pacific University $775,000 Cw Title
Mcbride John J -- Cw Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2021 04/21/21 Sold $6,600,000 -14.3% $254 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $7,700,000 -- $296 / 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 $7,570 $759,000 $758,000 $1,000
2023 $7,113 $759,000 $758,000 $1,000
2022 $5,357 $813,000 $803,000 $10,000
2021 $5,193 $552,000 $542,000 $10,000
2020 $5,526 $508,000 $498,000 $10,000
2018 $4,863 $542,000 $532,000 $10,000
2017 $4,382 $470,000 $460,000 $10,000
2016 $4,653 $438,000 $428,000 $10,000
2015 $3,823 $459,000 $301,000 $158,000
2014 -- $383,000 $241,000 $142,000
2013 -- $339,000 $228,000 $111,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1739850

Northwest Multiple Listing Service (NWMLS)

APN: 197220-5130