NOT LISTED FOR SALE

Estimated Value: $1,261,000 - $1,392,000

4 Beds
3 Baths
3,520 Sq Ft
$377/Sq Ft Est. Value

Last Sold November 30, 2012

Last sale price $515,000 $146 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $7,879/month

148 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Property is Fully Fenced
  • Fairmount Park Elementary Rated A-
  • Patio
  • Wood Siding

About This Home

As of November 2012

1912 home skillfully converted to triplex (ALL permits) within the past 15 years including: new kitchens, baths, electrical, plumbing, heating (FAG furnaces for lower & main units), and all units fire sprinklered. Dedicated parking spaces for each unit and offstreet parking for 5+ cars. Vintage Main floor has box beams, river rock fireplace, hardwoods, formal dining with wainscotting/plate rails, mullioned windows: great situation for owner occupant...this is a special property!

Last Agent to Sell the Property

John Thompson

Keller Williams Seattle Metro License #7140 Listed on: 06/04/2012

Keller Williams Seattle Metro

Last Buyer's Agent

John Thompson

Keller Williams Seattle Metro License #7140 Listed on: 06/04/2012

Keller Williams Seattle Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 365506

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,965

Year Built

  • Built in 1912

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 50 x 120
  • Property is Fully Fenced
  • Sprinkler System
  • Property is in good condition

Parking

  • 4 Parking Spaces

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Fairmount Add To West Seattle Condos
  • Fauntleroy Subdivision

Listing and Financial Details

  • Legal Lot and Block 23 / 4
  • Assessor Parcel Number 2461900495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,965

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1912
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: FAIRMOUNT ADD TO WEST SEATTLE
  • CalculatedSquareFootage: 3520
  • Special Features: None
  • Cumulative Days on Market: 361

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced, FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: City Light
  • SewerCompany: Metro
  • WaterCompany: Metro
  • WaterSewerGarbage: 2160

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2461900495
  • Lot Size Acres: 0.1377
  • Lot Size: 50 x 120
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Fenced-Partially,Gas Available,Patio,Sprinkler System
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 23

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3150

Multi Family

  • Gross Scheduled Income: 37800
  • Net Operating Income: 29175
  • Number Of Units Total: 3
  • Insurance Expense: 1500
  • Leasable Area: 3
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 4965

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2012
Closed on
Nov 26, 2012
Sold by
Kempton Karen M and Kempton James A
Bought by
Shimmons Neil
Seller's Agent
John Thompson
Keller Williams Seattle Metro
Buyer's Agent
John Thompson
Keller Williams Seattle Metro
List Price
$515,000
Sold Price
$515,000
Total Days on Market
148
Current Estimated Value
$1,326,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$811,581
Avg. Annual Appreciation
8.12%
Original Mortgage
$412,000
Outstanding Balance
$291,976
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$1,075,495

Purchase Details

Closed on
Sep 9, 1996
Sold by
Lunt Richard V and Prussing Laurel Lunt
Bought by
Kempton James A and Kempton Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,950
Interest Rate
8.23%
Mortgage Type
VA

Purchase Details

Closed on
Mar 22, 1994
Sold by
Lunt Marie R
Bought by
Lunt Marie R
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 Buyer Sale Price Title Company
Shimmons Neil $515,000 First American
Kempton James A $165,000 First American Title
Lunt Marie R -- Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shimmons Neil $22,000
Open Shimmons Neil $412,000
Previous Owner Kempton James A $325,500
Previous Owner Kempton James A $311,500
Previous Owner Kempton James A $169,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2012 11/30/12 Sold $515,000 0.0% $146 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
06/04/2012 06/04/12 For Sale $515,000 -- $146 / 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 $10,072 $1,013,000 $726,000 $287,000
2023 $9,119 $921,000 $639,000 $282,000
2022 $9,489 $1,129,000 $543,000 $586,000
2021 $9,131 $996,000 $502,000 $494,000
2020 $8,938 $911,000 $469,000 $442,000
2018 $8,137 $909,000 $470,000 $439,000
2017 $6,480 $796,000 $413,000 $383,000
2016 $6,052 $649,000 $236,000 $413,000
2015 $5,253 $592,000 $213,000 $379,000
2014 -- $524,000 $193,000 $331,000
2013 -- $477,000 $193,000 $284,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 365506

Northwest Multiple Listing Service (NWMLS)

APN: 246190-0495