Listed by Realty One Group Enterprise, Bought with Lee & Associates Commercial RE
NOT LISTED FOR SALE
-- Bed
-- Bath
2,948 Sq Ft
5,000 Sq Ft Lot

Last Sold May 30, 2023

Last sale price $1,770,000 $600 Per Sq Ft

16 Days on Market

Highlights

  • Canal View
  • Deck
  • No HOA
  • B.F. Day Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Fremont Peak Park

About This Home

As of May 2023

NOW AVAILABLE this amazing Phinney Ridge 6-PLEX with Beautiful View in one of Seattle's Favorite Neighborhoods! Huge upside to increase rents & CAP Rate. UPGRADES include: Roof, windows, electrical, plumbing, interior, Kitchen Cabinets & exterior paint. Hard to find like properties like this that are Meticulously maintained! First sale in over 25 years & great tenants. Great Seattle neighborhood near Lake Washington, University of Washington, major universities, short walking distance to many restaurants, shopping and freeways. Coin laundry in the building in lower level for extra income. Long-term tenants pay some sewer & garbage monthly charge & their lease payments MUST MAKE APPOINTMENT TO WALK PROPERTY! Market Rate Rents 6.07% Proforma

Last Agent to Sell the Property

Quinelle House

Realty One Group Enterprise License #22000693 Listed on: 04/13/2023

Realty One Group Enterprise

Co-Listed By

Kevin Zellmer

Realty One Group Enterprise License #27736

Last Buyer's Agent

Dea Sumantri

Lee & Associates Commercial RE License #21001837

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2055174

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,479

Year Built

  • Built in 1906

Lot Details

  • 5,000 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Canal
  • Mountain
  • Territorial
  • Limited

Home Design

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

Interior Spaces

  • 2,948 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

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

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Phinney Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8129700620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,479

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1906
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2948
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Canal, Mountain(s), Partial, Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: See Remarks
  • Security: FullyFenced
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8129700620
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18.55
  • LeasedItems: None
  • TotalMonthlyIncome: 11250

Multi Family

  • Gross Scheduled Income: 135000
  • Net Operating Income: 112421
  • Number Of Units Total: 6
  • Insurance Expense: 4643
  • Leasable Area: 2948
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 14479

Range of Values:

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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 Change Sq Ft Price
05/30/2023 05/30/23 Sold $1,770,000 -4.3% $600 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $1,850,000 -- $628 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2055174

Northwest Multiple Listing Service (NWMLS)