Listed by John L. Scott, Inc., Bought with Specialty Real Estate Group
$4,300,000
SOLD JAN 20, 2016
-- Bed
-- Bath
8,218 Sq Ft
4,000 Sq Ft Lot

Recently Sold

$523 Per Sq Ft

9% Below List Price

34 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Gated Home
  • Hamilton International Middle School Rated A
  • High Speed Internet
  • 2-minute walk to Shiga's P-Patch Community Garden

About This Home

As of March 2022

Newly constructed Brooklyn Boutique Apartments offers investors a truly unique opportunity, to purchase a gorgeous 12-unit bldg in the heart of University District. Mere blocks from upcoming U-District Link Station. Stylish finishes, stainless appliances, dishwasher & w/d in every unit, renting avg $2.84sf! Unbelievable renter interest: all units rented in under a week w/applications to spare. Built Green 4 Certification in process. Don't miss this opportunity!

Last Agent to Sell the Property

Emily Morrison Griffin

John L. Scott, Inc. License #105501 Listed on: 11/05/2015

John L. Scott, Inc.

Last Buyer's Agent

Adrian Chu

Specialty Real Estate Group License #26434

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 867537

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,400

Year Built

  • Built in 2015 | Newly Remodeled

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • Gated Home
  • Property is Fully Fenced
  • Sprinkler System
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Cement Board or Planked

Interior Spaces

  • 8,218 Sq Ft Home
  • 4-Story Property
  • Laminate Flooring

Outdoor Features

  • Deck

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • University District Subdivision

Listing and Financial Details

  • Legal Lot and Block 31 / 5
  • Assessor Parcel Number 8816400860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,400

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2015
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 8218
  • NewConstruction: Completed
  • Special Features: NewHome
  • Cumulative Days on Market: 356

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, See Remarks
  • Interior Amenities: High Efficiency - 90%+, Hot Water Recirc Pump, Laminate Hardwood
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers

Exterior Features

  • Roof: See Remarks
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecurityGate, PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 11520

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8816400860
  • Lot Size Acres: 0.0918
  • Lot Size: 40x100
  • Lot Size Sq Ft: 4000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gated Entry,High Speed Internet,Sprinkler System
  • MLSLotSizeSource: Survey
  • ZoningClass: Residential
  • LotNumber: 31

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 20381

Multi Family

  • Gross Scheduled Income: 259692
  • Net Operating Income: 201106
  • Number Of Units Total: 12
  • Electric Expense: 180
  • Insurance Expense: 4788
  • Leasable Area: 7142
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5400

Range of Values:

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Sold Price
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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
03/15/2022 03/15/22 Sold $4,850,000 -8.5% $3,089 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
10/22/2021 10/22/21 Price Changed $5,300,000 -6.7% $3,376 / Sq Ft
03/03/2021 03/03/21 For Sale $5,680,000 +32.1% $3,618 / Sq Ft
01/20/2016 01/20/16 Sold $4,300,000 -9.5% $523 / Sq Ft
12/10/2015 12/10/15 Pending -- -- --
11/05/2015 11/05/15 For Sale $4,750,000 +710.6% $578 / Sq Ft
08/08/2013 08/08/13 Sold $586,000 0.0% $279 / Sq Ft
04/02/2013 04/02/13 Pending -- -- --
03/27/2013 03/27/13 For Sale $586,000 -- $279 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 867537

Northwest Multiple Listing Service (NWMLS)

APN: 881640-0860