NOT LISTED FOR SALE

416 Summit Ave E Seattle, WA 98102

Capitol Hill Neighborhood
-- Bed
-- Bath
7,620 Sq Ft
7,200 Sq Ft Lot

Last Sold September 30, 2015

Last sale price $2,700,000 $354 Per Sq Ft

20 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Wood Siding
  • Garfield High School Rated A
  • Thermal Windows
  • 3-minute walk to Thomas Street Mini Park

About This Home

As of September 2015

The Oriana Apartments, located in the ever-popular Capitol Hill neighborhood of Seattle, Washington, is a value-add opportunity with multiple strategies to significantly improve cash flow. To achieve this, a buyer may simply increase rents with very basic improvements upon turnover, remodel apartments, add a unit, potentially redevelop the back half of the lot, and/or teardown and rebuild a +/-50 Unit apartment building.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 07/09/2015

Last Buyer's Agent

Dan Swanson

Kidder Mathews License #13533 Listed on: 07/09/2015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 817089

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,672

Year Built

  • Built in 1928

Lot Details

  • 7,200

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 7,620 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Wood Flooring
  • City Views

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces

Schools

  • Lowell Elementary School

Additional Features

  • 7,200 Sq Ft Lot
  • Radiator

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6848200460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,672

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1928
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7620
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Radiator, Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • View: City
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Slab
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking: No
  • Total Parking Spaces: 6

Utilities

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

Schools

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

Lot Info

  • Parcel Number: 6848200460
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 15272

Tax Info

  • Year: 2015
  • Tax Annual Amount: 17672

Multi Family

  • Number Of Units Total: 10
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Lowell

Range of Values:

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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
09/30/2015 09/30/15 Sold $2,700,000 -15.6% $354 / Sq Ft
07/31/2015 07/31/15 Pending -- -- --
07/10/2015 07/10/15 For Sale $3,200,000 -- $420 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Swanson

    Seller's Agent in 2015

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    5 in this area

    56 Total Sales

    Dan Swanson
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 817089

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98102 Capitol Hill

416 Summit Ave E, Seattle, WA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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