Listed by Paragon Real Estate Advisors, Bought with Windermere Real Estate Midtown
NOT LISTED FOR SALE

Estimated Value: $1,445,360 - $1,687,000

6 Beds
2 Baths
3,100 Sq Ft
$489/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $1,350,000 $435 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,082/month

10 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wall to Wall Carpet
  • B.F. Day Elementary School Rated A-

About This Home

As of April 2023

Well maintained 4-unit apartment building located in Seattle’s desirable Fremont neighborhood. Units are in rent ready condition. Currently, all units are being operated as fully furnished short-term rentals. Both studio units are located on the lower level and each have a queen bed while the 2 bedroom units are on the main and upper levels with a queen and full bed. Some of the units have in unit washers and dryers and there is a backyard for the tenants to enjoy. This unique opportunity allows a new owner to continue and improve the short-term rental operating strategy or transition the units into traditionally leased apartments.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 03/20/2023

Co-Listed By

Ben Douglas

Paragon Real Estate Advisors License #22013305

Last Buyer's Agent

Stuart Vincent

Windermere Real Estate Midtown License #49971

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2046925

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,098

Year Built

  • Built in 1914

Lot Details

  • 5,000

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • 5,000 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Fremont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5693500150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,098

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1914
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3100
  • Special Features: None
  • Cumulative Days on Market: 360

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 12490

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5693500150
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11.08
  • LeasedItems: None
  • TotalMonthlyIncome: 9780

Multi Family

  • Gross Scheduled Income: 117360
  • Net Operating Income: 73994
  • Number Of Units Total: 4
  • Insurance Expense: 2895
  • Leasable Area: 3100
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 11098

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
May 3, 2023
Sold by
Garwood Family Trust
Bought by
Dayton North Llc
Seller's Agent
Cathy Jeney
Paragon Real Estate Advisors
Buyer's Agent
Stuart Vincent
Windermere Real Estate Midtown
List Price
$1,300,000
Sold Price
$1,350,000
Premium/Discount to List
$50,000
3.85%
Views
45
Current Estimated Value
$1,515,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,840
Avg. Annual Appreciation
5.12%
Original Mortgage
$877,500
Outstanding Balance
$859,005
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$656,835

Purchase Details

Listed on
Mar 20, 2023
Closed on
Apr 25, 2023
Sold by
Dayton Apartments Llc
Bought by
Garwood Family Trust
Seller's Agent
Cathy Jeney
Paragon Real Estate Advisors
Buyer's Agent
Stuart Vincent
Windermere Real Estate Midtown
List Price
$1,300,000
Sold Price
$1,350,000
Premium/Discount to List
$50,000
3.85%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Outstanding Balance
$859,005
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$656,835

Purchase Details

Closed on
Dec 8, 2011
Sold by
Arnold Lorna
Bought by
Dayton Apartments Llc

Purchase Details

Closed on
Aug 10, 2011
Sold by
Dayton Apartments Llc
Bought by
Arnold Lorna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,415
Interest Rate
4.48%

Purchase Details

Closed on
Jun 23, 2008
Sold by
Arnold Lorna M
Bought by
Dayton Apartments Llc

Purchase Details

Closed on
Mar 14, 2006
Sold by
Arnold Lorna
Bought by
Arnold Lorna M and Lorna M Arnold Living Trust

Purchase Details

Closed on
Jul 8, 1999
Sold by
Wert Fred and Page Melissa
Bought by
Arnold Lorna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
7.24%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 21, 1999
Sold by
Wert Fred
Bought by
Wert Fred and Page Melissa

Purchase Details

Closed on
Jul 20, 1994
Sold by
Phillips Collin A and Phillips Elizabeth S
Bought by
Wert Alvin Frederick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
8.38%

Purchase Details

Closed on
Jan 7, 1993
Sold by
Phillips Collin and Phillips Elizabeth
Bought by
Phillips Collin A
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
Dayton North Llc -- None Listed On Document
Garwood Family Trust $1,350,000 Stewart Title
Dayton Apartments Llc -- Accommodation
Arnold Lorna -- Accommodation
Dayton Apartments Llc -- Pacific Nw Tit
Arnold Lorna M -- Accommodation
Arnold Lorna $376,000 Transnation Title Insurance
Wert Fred -- --
Wert Alvin Frederick $265,000 Western Title
Phillips Collin A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garwood Family Trust $877,500
Previous Owner Dayton Apartments Llc $458,617
Previous Owner Arnold Lorna $340,415
Previous Owner Arnold Lorna $372,000
Previous Owner Arnold Lorna $263,200
Previous Owner Wert Alvin Frederick $94,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $1,350,000 +3.8% $435 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/20/2023 03/20/23 For Sale $1,300,000 -- $419 / 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 $12,445 $1,276,000 $675,000 $601,000
2023 $12,495 $1,308,000 $600,000 $708,000
2022 $11,548 $1,291,000 $550,000 $741,000
2021 $12,061 $1,242,000 $500,000 $742,000
2020 $11,840 $1,237,000 $475,000 $762,000
2018 $10,337 $1,186,000 $335,000 $851,000
2017 $8,345 $1,035,000 $300,000 $735,000
2016 $7,793 $859,000 $277,000 $582,000
2015 $6,544 $783,000 $251,000 $532,000
2014 -- $670,000 $221,000 $449,000
2013 -- $703,000 $247,000 $456,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2046925

Northwest Multiple Listing Service (NWMLS)

APN: 569350-0150