Listed by Realty One Group Orca, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $1,270,000 - $1,412,000

4 Beds
3 Baths
3,500 Sq Ft
$386/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $1,400,000 $400 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,572/month

141 Days on Market

Highlights

  • Deck
  • Territorial View
  • High Speed Internet
  • West Woodland Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Gilman Playground

About This Home

As of February 2022

The 5218 Triplex consists of a Single Family House and a Duplex on a corner lot ideally located in the heart of Ballard in one of Seattle's most desirable residential neighborhoods. Financials are actual. The tenants are on 12-month leases w/Min credit score 700+, no pets, no smokers. WSG included (within limits). The tenant pays metered electricity to the landlord. Meter & copies of bills available. Basement and separate unit already rented. This is a beautiful home that boasts original hardwood flooring - the pictures just don't do it justice. A short walk/bike/bus to shopping, local pubs & microbreweries, restaurants, theaters, city parks, Swedish hospital, and more!

Last Agent to Sell the Property

Cheyanne Young

Realty One Group Orca License #21005786 Listed on: 08/27/2021

Realty One Group Orca

Co-Listed By

Rick Mouw

RE/MAX Northwest License #80899

Last Buyer's Agent

Kevin Lam

COMPASS License #20115087

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1835179

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,492

Year Built

  • Built in 1903 | Remodeled

Lot Details

  • 4,300 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0475000815

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,492

Year Built

Built in 1903 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1903
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3500
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 488

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Pillar, Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle Public Utility
  • SewerCompany: Seattle Public Utility
  • WaterCompany: Seattle Public Utility
  • WaterSewerGarbage: 3919

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0475000815
  • Lot Size Acres: 0.0987
  • Lot Size Sq Ft: 4300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: King co
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 6335

Multi Family

  • Gross Scheduled Income: 76020
  • Net Operating Income: 62059
  • Number Of Units Total: 3
  • Insurance Expense: 1550
  • Leasable Area: 3550
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 8492

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Feb 7, 2022
Sold by
Fa Young Llc
Bought by
Kikko Ayaki and Kikko John
Seller's Agent
Cheyanne Young
Realty One Group Orca
Buyer's Agent
Kevin Lam
COMPASS
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Current Estimated Value
$1,427,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,961
Avg. Annual Appreciation
-0.07%
Original Mortgage
$980,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2004
Sold by
Young Forrest A
Bought by
Young Forrest A

Purchase Details

Closed on
Oct 3, 2003
Sold by
Young Forrest A
Bought by
Forrest A Young Revocable Living Trust

Purchase Details

Closed on
Aug 8, 1988
Sold by
Fornia Ellen Louise
Bought by
Young Forrest 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
Kikko Ayaki $1,400,000 New Title Company Name
Young Forrest A -- --
Forrest A Young Revocable Living Trust -- --
Young Forrest A $41,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kikko Ayaki $980,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $1,400,000 -6.7% $400 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
08/27/2021 08/27/21 For Sale $1,500,000 -- $429 / 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 $9,496 $945,000 $464,000 $481,000
2023 $8,762 $886,000 $426,000 $460,000
2022 $8,455 $970,000 $402,000 $568,000
2021 $8,493 $883,000 $382,000 $501,000
2020 $8,779 $846,000 $283,000 $563,000
2018 $8,165 $889,000 $302,000 $587,000
2017 $6,955 $802,000 $272,000 $530,000
2016 $6,391 $703,000 $238,000 $465,000
2015 $5,276 $630,000 $213,000 $417,000
2014 -- $528,000 $175,000 $353,000
2013 -- $487,000 $162,000 $325,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1835179

Northwest Multiple Listing Service (NWMLS)

APN: 047500-0815