NOT LISTED FOR SALE

5624 S Fountain St Unit 26TH Seattle, WA 98178

West Hill Neighborhood

Estimated Value: $752,000 - $1,100,000

5 Beds
4 Baths
3,380 Sq Ft
$253/Sq Ft Est. Value

Last Sold March 07, 2018

Last sale price $518,000 $153 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,173/month

1 Day on Market

About This Home

As of March 2018

This is a MUST SEE! Great investment with high potential cash flow with renovation. 3 level building: top unit, 2 bd 2bth, owner occupied (potential rent would range - as is $1400 / after reno up to $1800) Middle unit: 3bd 2bths, M2M tenant currently rented below market (potential rent after reno up to $2000) Bottom unit: currently used as storage but could be converted into a 2bd 1 bath home. County counts this property as a triplex but has 2 meters. Buyer to verify.

Last Agent to Sell the Property

Cindi Hunter

eXp Realty License #5596 Listed on: 01/24/2018

eXp Realty

Last Buyer's Agent

Cindi Hunter

eXp Realty License #5596 Listed on: 01/24/2018

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1237658

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,284

Year Built

  • Built in 1948

Lot Details

  • 4,265

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,380 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Concrete
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Rainier View Elementary School
  • Aki Kurose Middle School
  • South Lake High School

Additional Features

  • Deck
  • 4,265 Sq Ft Lot
  • Cable TV Available

Community Details

  • Skyway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9368700265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,284

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1948
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3380
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: We appreciate you!
  • Special Features: None
  • Cumulative Days on Market: 359

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Concrete, Hardwood, Vinyl, Carpet
  • Interior Amenities: Concrete, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 7200

Schools

  • Junior High Dist: Seattle
  • High School: South Lake High
  • Middle Or Junior School: Aki Kurose

Lot Info

  • Parcel Number: 9368700265
  • Lot Size Acres: 0.0979
  • Lot Size Sq Ft: 4265
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1300

Multi Family

  • Gross Scheduled Income: 15600
  • Net Operating Income: 3621
  • Number Of Units Total: 2
  • Insurance Expense: 1495
  • Leasable Area: 2680
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3284

MLS Schools

  • Elementary School: Rainier View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2018
Closed on
Mar 6, 2018
Sold by
Ortaliza Joseph and Ortaliza Ulalei
Bought by
Hui Wilson San and Tan Mitzi
Seller's Agent
Cindi Hunter
eXp Realty
Buyer's Agent
Cindi Hunter
eXp Realty
List Price
$500,000
Sold Price
$518,000
Premium/Discount to List
$18,000
3.6%
Current Estimated Value
$856,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,311
Avg. Annual Appreciation
8.48%
Original Mortgage
$388,500
Outstanding Balance
$332,559
Interest Rate
4.15%
Estimated Equity
$619,432

Purchase Details

Closed on
Oct 14, 1996
Sold by
Mccaw Lilibelle E
Bought by
Ortaliza Joseph and Ortaliza Ulalei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,916
Interest Rate
7.53%
Mortgage Type
Purchase Money Mortgage
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
Hui Wilson San $518,000 Fidelity National Title
Ortaliza Joseph -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hui Wilson San $388,500
Closed Hai Wilson San $388,500
Previous Owner Ortaliza Joseph $274,050
Previous Owner Ortaliza Joseph $213,150
Previous Owner Ortaliza Joseph $111,916
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2018 03/07/18 Sold $518,000 +3.6% $153 / Sq Ft
01/26/2018 01/26/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $500,000 -- $148 / 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 $6,080 $602,000 $166,000 $436,000
2023 $5,667 $564,000 $142,000 $422,000
2022 $4,728 $630,000 $142,000 $488,000
2021 $4,516 $479,000 $119,000 $360,000
2020 $4,412 $435,000 $108,000 $327,000
2018 $3,905 $457,000 $104,000 $353,000
2017 $3,284 $369,000 $84,000 $285,000
2016 $2,989 $318,000 $74,000 $244,000
2015 $2,528 $282,000 $66,000 $216,000
2014 -- $242,000 $57,000 $185,000
2013 -- $200,000 $50,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1237658

Northwest Multiple Listing Service (NWMLS)

APN: 936870-0265