Listed by Westlake Associates, Inc., Bought with KW Greater Seattle
NOT LISTED FOR SALE

Estimated Value: $1,309,563 - $1,702,000

9 Beds
3 Baths
2,930 Sq Ft
$518/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $1,431,000 $488 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,893/month

7 Days on Market

About This Home

As of November 2021

Built in 1914, the building consists of 9 bedrooms, 3 bathrooms and 2 kitchens. The property is approximately 2,990 gross square feet in size. In addition, the property features a private, open, low-maintenance backyard, brand new roof and under current ownership has experienced no vacancies over the past 16 years.

There is a laundry area for the tenants’ use in the basement with a free washer and dryer. The building welcomes you with an open porch for comfortable outdoor recreational lounging space for tenants. It is updated with modern vinyl double-pane windows and has 3 parking spaces available. There is a detached shed which could be converted into a garage or used for storage, potentially for additional revenue

Last Agent to Sell the Property

Chad Martini

Westlake Associates, Inc. License #118627 Listed on: 09/13/2021

Last Buyer's Agent

Daniel Zhu

KW Greater Seattle License #20106990

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1838723

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,131

Year Built

  • Built in 1914

Lot Details

  • 4,050

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Parking

  • 3 Parking Spaces
  • Open Parking

Additional Features

  • 3-Story Property
  • 4,050 Sq Ft Lot

Community Details

  • University District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7173700030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,131

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1914
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5680

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7173700030
  • Lot Size Acres: 0.093
  • Lot Size Sq Ft: 4050
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 8463

Multi Family

  • Gross Scheduled Income: 101556
  • Net Operating Income: 80561
  • Number Of Units Total: 1
  • Insurance Expense: 1568
  • Leasable Area: 2900
  • EnergySource: Electric
  • UnitsBelowGrade: true
  • VacancyRate: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9131

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Oct 31, 2021
Sold by
Sawicki Marcin and Sawicka Anna
Bought by
Xu Jing and Gao Juwen
Seller's Agent
Chad Martini
Westlake Associates, Inc.
Buyer's Agent
Daniel Zhu
KW Greater Seattle
List Price
$1,375,000
Sold Price
$1,431,000
Premium/Discount to List
$56,000
4.07%
Current Estimated Value
$1,518,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,891
Avg. Annual Appreciation
0.64%
Original Mortgage
$903,750
Outstanding Balance
$834,791
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$632,011

Purchase Details

Closed on
May 18, 2005
Sold by
Anderson Geoffrey H
Bought by
Sawicki Marcin and Sawicka Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,000
Interest Rate
1.65%
Mortgage Type
Negative Amortization
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
Xu Jing $1,431,000 Fidelity Natl Ttl Co Of Wa I
Sawicki Marcin $567,500 Ticor National
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xu Jing $903,750
Previous Owner Sawicki Marcin $250,000
Previous Owner Sawicki Marcin $198,429
Previous Owner Sawicki Marcin $454,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $1,431,000 +4.1% $488 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $1,375,000 -- $469 / 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 $10,457 $1,073,000 $684,000 $389,000
2023 $9,841 $1,027,000 $646,000 $381,000
2022 $9,622 $1,204,000 $610,000 $594,000
2021 $9,131 $1,035,000 $539,000 $496,000
2020 $9,088 $931,000 $465,000 $466,000
2018 $8,124 $884,000 $406,000 $478,000
2017 $7,046 $811,000 $378,000 $433,000
2016 $6,360 $726,000 $338,000 $388,000
2015 $6,355 $639,000 $306,000 $333,000
2014 -- $656,000 $273,000 $383,000
2013 -- $559,000 $233,000 $326,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1838723

Northwest Multiple Listing Service (NWMLS)

APN: 717370-0030