Listed by Windermere Real Estate Co.
NOT LISTED FOR SALE

Estimated Value: $1,934,326

-- Bed
-- Bath
5,240 Sq Ft
$369/Sq Ft Est. Value

Last Sold May 09, 2024

Last sale price $1,900,000 $363 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $11,765/month

5 Days on Market

Highlights

  • Spa
  • RV Access or Parking
  • No HOA
  • Laurelhurst Elementary School Rated A-
  • Territorial View
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

Renovated 5220 sqft Seattle Mansion with $12,150/m rent. 2024 ~ Turnkey 6.1 Cap Rate & sweet seller terms, 700K Down, 5.50% Int Only for 10 years, a very inviting opportunity. CONV/ cash out also fine. 1999 ~ high end renovations as private residence. 2013 ~ small but thoughfully alterations for high income Triplex. 800 sqft grand commons on main, vintage arches, four panel french doors, granite & cherry kitchens, blue white tile baths, many BR's @ 150-200+ sqft, jetted tub + sauna, AC + central vac, secure garage + power gate & more. Zero vac & util cost 8+ yrs, more info avail. Please make plans to see inside.

Last Agent to Sell the Property

Matthew Townsend

Windermere Real Estate Co. License #9599 Listed on: 03/28/2024

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2215750

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,783

Year Built

  • Built in 1917

Lot Details

  • 4,320 Sq Ft Lot
  • Lot Dimensions are 40 x 108
  • Gated Home
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,240 Sq Ft Home
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Spa
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • University Park Addition Condos
  • University District Subdivision
  • 5-Story Property

Listing and Financial Details

  • Legal Lot and Block 22 / 2
  • Assessor Parcel Number 8823900205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,783

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1917
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: University Park Addition
  • New Construction: No
  • CalculatedSquareFootage: 5240
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 367

Interior Features

  • Possible Use: Residential
  • Private Spa: Yes
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 5
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,See Remarks,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Triplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecurityGate, FullyFenced
  • Cooling: Central A/C, Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8823900205
  • Lot Size Acres: 0.0992
  • Lot Size: 40 x 108
  • Lot Size Sq Ft: 4320
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Gas Available,Gated Entry,High Speed Internet,Hot Tub/Spa,Patio,RV Parking
  • MLSLotSizeSource: KCA
  • MLSSquareFootageSource: Carpenter's Estimates
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 22

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 13.4
  • LeasedItems: None
  • TotalMonthlyIncome: 12150

Multi Family

  • Gross Scheduled Income: 145800
  • Net Operating Income: 127017
  • Number Of Units Total: 3
  • Insurance Expense: 4000
  • Leasable Area: 5240
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 14783

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
Apr 26, 2024
Sold by
Seven Seas Holding Llc
Bought by
Gradiance Capital Llc
Seller's Agent
Matthew Townsend
Windermere Real Estate Co.
List Price
$1,960,000
Sold Price
$1,900,000
Premium/Discount to List
-$60,000
-3.06%
Views
22
Current Estimated Value
$1,934,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,326
Avg. Annual Appreciation
1.38%
Original Mortgage
$1,000,000
Outstanding Balance
$908,772
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$1,025,554

Purchase Details

Closed on
Jul 12, 2016
Sold by
Anderson Geoffrey H
Bought by
Seven Seas Holdings Llc

Purchase Details

Closed on
Mar 8, 1999
Sold by
Schalk Mary and Salkauskas Maria
Bought by
Anderson Geoffrey H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.7%
Mortgage Type
Seller Take Back
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
Gradiance Capital Llc $1,900,000 Ticor Title
Seven Seas Holdings Llc -- None Available
Anderson Geoffrey H $275,000 Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gradiance Capital Llc $1,000,000
Previous Owner Anderson Geoffrey H $800,000
Previous Owner Anderson Geoffrey H $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2024 05/09/24 Sold $1,900,000 -3.1% $363 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $1,960,000 -- $374 / 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 $14,949 $1,537,700 $583,200 $954,500
2023 $12,940 $1,550,800 $583,200 $967,600
2022 $8,456 $1,507,500 $432,000 $1,075,500
2021 $8,788 $882,800 $432,000 $450,800
2020 $10,172 $877,400 $432,000 $445,400
2018 $8,495 $947,500 $432,000 $515,500
2017 $8,030 $836,200 $432,000 $404,200
2016 $7,849 $819,100 $410,400 $408,700
2015 $6,673 $783,500 $367,200 $416,300
2014 -- $678,500 $324,000 $354,500
2013 -- $678,500 $259,200 $419,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2215750

Northwest Multiple Listing Service (NWMLS)

APN: 882390-0205