Listed by Lee & Associates Commercial RE, Bought with America's Choice Real Estate
$2,200,000
SOLD NOV 22, 2021

4541 NE 55th St Seattle, WA 98105

Windermere Neighborhood
-- Bed
-- Bath
6,598 Sq Ft
7,603 Sq Ft Lot

Recently Sold

$333 Per Sq Ft

11% Below List Price

Highlights

  • Territorial View
  • Wood Flooring
  • Wood Siding
  • Eckstein Middle School Rated A-

About This Home

As of November 2021

Steps from Burke-Gilman trail, the Cedrus is nestled in the residential neighborhood of Hawthorne Hills in NE Seattle. This spacious 8-unit garden-style consists of two 1B/1B, five 2B/1B & one 3B/1B owner's unit. The Cedrus is well-connected to U-Village and UW. Seattle Children’s Hospital, Metropolitan Market & City People are within a short walk. This walkability to amenities attracts a high-quality, stable tenant base and has lent to virtually no vacancy over the course of current ownership. These spacious well-located units currently rent at below market rates provide investors with a true value add opportunity, recapturing loss to lease in the near term with additional rental upside realized upon renovation & reposition.

Last Agent to Sell the Property

Dea Sumantri

Lee & Associates Commercial RE License #21001837 Listed on: 06/24/2021

Co-Listed By

Daniel Lim

Lee & Associates Commercial RE License #131121

Last Buyer's Agent

Finn DuComb-Festor

America's Choice Real Estate License #109553

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1807791

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,894

Year Built

  • Built in 1956

Lot Details

  • 7,603 Sq Ft Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 6,598 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Schools

  • Sand Point Elementary School
  • Eckstein Mid Middle School
  • Roosevelt High School

Community Details

  • Hawthorne Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3180100035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,894

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1956
  • Buyer Agency Compensation: 2.25%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6598
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 8644

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Roosevelt High
  • Middle Or Junior School: Eckstein Mid

Lot Info

  • Parcel Number: 3180100035
  • Lot Size Acres: 0.1745
  • Lot Size Sq Ft: 7603
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 10114

Multi Family

  • Gross Scheduled Income: 180375
  • Net Operating Income: 117402
  • Number Of Units Total: 8
  • Insurance Expense: 2400
  • Leasable Area: 6465
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 24894

MLS Schools

  • Elementary School: Sand Point Elem

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
11/22/2021 11/22/21 Sold $2,200,000 0.0% $333 / Sq Ft
11/22/2021 11/22/21 Sold $2,200,000 0.0% $333 / Sq Ft
11/22/2021 11/22/21 For Sale $2,200,000 -11.3% $333 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $2,480,000 -- $376 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dea Sumantri

    Seller's Agent in 2021

    Dea Sumantri

    Lee & Associates Commercial RE

    (206) 624-2424

    1 in this area

    25 Total Sales

    Dea Sumantri
    Section Image
  • Daniel Lim

    Seller Co-Listing Agent in 2021

    Daniel Lim

    Lee & Associates Commercial RE

    (206) 928-2311

    1 in this area

    31 Total Sales

    Daniel Lim
    Section Image
  • Jacob Weaver

    Buyer's Agent in 2021

    Jacob Weaver

    eXp Realty

    (206) 981-3888

    1 in this area

    102 Total Sales

    Jacob Weaver
    Section Image

  • F

    Buyer's Agent in 2021

    Finn DuComb-Festor

    America's Choice Real Estate

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1807791

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98105 Windermere

4541 NE 55th St, Seattle, WA

This home is located at 4541 NE 55th St, Seattle, WA 98105 and is currently priced at $2,200,000, approximately $333 per square foot. This property was built in 1956. 4541 NE 55th St is a home located in King County with nearby schools including Sand Point Elementary School, Eckstein Middle School, and Roosevelt High School.

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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