Listed by Windermere Real Estate Co., Bought with Metro Seattle Properties
$1,140,000
SOLD OCT 8, 2024
-- Bed
-- Bath
1,610 Sq Ft
1,141 Sq Ft Lot

Recently Sold

$708 Per Sq Ft

4% Below List Price

17 Days on Market

Highlights

  • No HOA
  • Thermal Windows
  • High Speed Internet
  • Hamilton International Middle School Rated A
  • Ceramic Tile Flooring
  • 3-minute walk to Shiga's P-Patch Community Garden

About This Home

As of October 2024

"Scholar's Refuge" inside the urban U-District: Middle Unit set back from street & alley behind other homes w/ private walkway & front porch garden areas. Same exc group leased Aug 2025. 5264 Sold July 3rd #2246524; 5268 Pend July 8th #2260281; 5266 Pend July 12th #2262202; 5224B Pend July 21st #2265604. 2019 Townhome w/structure, systems & safety to latest codes. Thoughtful design & floor plans, white on white quartz kitchen, all stainless, tile baths & nice AC, all clean inside & out. Tenants phones use "Ring" smartbell: watch & talk w/ anyone @ front door 24/7. New UW townhomes are smaller & have the same income as older rental houses. 5224A is 3.0 Story on grade w/ high ceilings & big windows.

Last Agent to Sell the Property

Matthew Townsend

Windermere Real Estate Co. License #9599 Listed on: 07/23/2024

Windermere Real Estate Co.

Last Buyer's Agent

Keun Ryu

Metro Seattle Properties License #18378

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2268882

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,011

Year Built

  • Built in 2019

Lot Details

  • 1,141 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Cement Board or Planked

Interior Spaces

  • 1,610 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Ceramic Tile
  • Vinyl Plank

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • High Speed Internet

Community Details

  • No Home Owners Association
  • University Heights Addition Condos
  • University District Subdivision

Listing and Financial Details

  • Legal Lot and Block 35 / 5
  • Assessor Parcel Number 8816400830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,011

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2019
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: University Heights Addition
  • New Construction: No
  • CalculatedSquareFootage: 1610
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 269

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank
  • Interior Amenities: Ceramic Tile
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • Lot Features: Alley, Curbs, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Heat Pump, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 364

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8816400830
  • Lot Size Acres: 0.0262
  • Lot Size Sq Ft: 1141
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: KCA
  • MLSSquareFootageSource: Arch
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 35

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 6250

Multi Family

  • Gross Scheduled Income: 75000
  • Net Operating Income: 66264
  • Number Of Units Total: 1
  • Insurance Expense: 1361
  • Leasable Area: 1610
  • EnergySource: Electric
  • UnitsInBuildingTotal: 1
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Oct 3, 2024
Sold by
Lgc Uw Portfolio I Llc
Bought by
Nabom Property Management Llc
Seller's Agent
Matthew Townsend
Windermere Real Estate Co.
Buyer's Agent
Keun Ryu
Metro Seattle Properties
List Price
$1,181,950
Sold Price
$1,140,000
Premium/Discount to List
-$41,950
-3.55%
Views
8
Current Estimated Value
$1,150,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,756
Avg. Annual Appreciation
1.21%
Original Mortgage
$530,000
Outstanding Balance
$527,064
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$623,692

Purchase Details

Closed on
Jul 2, 2018
Sold by
May Robert and May Deanna
Bought by
Lgc Uw Portfolio I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,058,750
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2005
Sold by
Thompson David B and Thompson Grace M
Bought by
May Robert and May Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,750
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,140,000 Chicago Title
Warranty Deed $1,265,000 First American Title
Warranty Deed $455,000 Pacific Nw Tit
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $530,000 New Conventional
Previous Owner $2,265,000 Construction
Previous Owner $10,058,750 Commercial
Previous Owner $295,750 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Sold $1,140,000 -3.9% $708 / Sq Ft
08/19/2024 08/19/24 Sold $1,186,000 +0.3% $737 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $1,181,950 -0.5% $734 / Sq Ft
07/21/2024 07/21/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $1,187,950 -- $738 / 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 $7,748 $815,000 $387,000 $428,000
2023 $7,011 $747,000 $366,000 $381,000
2022 $7,532 $876,000 $346,000 $530,000
2021 $7,150 $828,000 $306,000 $522,000
2020 $6,633 $745,000 $264,000 $481,000
2018 $7,349 $485,100 $119,100 $366,000
2017 $6,371 $730,000 $400,000 $330,000
2016 $5,953 $653,000 $358,000 $295,000
2015 $4,648 $596,000 $324,000 $272,000
2014 -- $472,000 $340,000 $132,000
2013 -- $402,000 $290,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2268882

Northwest Multiple Listing Service (NWMLS)

APN: 881640-0830