Listed by RE/MAX Gateway, Bought with Windermere Real Estate Midtown
NOT LISTED FOR SALE

Estimated Value: $1,270,877 - $1,640,000

7 Beds
4 Baths
3,440 Sq Ft
$423/Sq Ft Est. Value

Last Sold April 04, 2023

Last sale price $1,235,000 $359 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,889/month

7 Days on Market

Highlights

  • Deck
  • Territorial View
  • Corner Lot
  • Adams Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Ballard Corners Park

About This Home

As of April 2023

Presenting an incredibly well-located architectural Craftsman gem in the heart of Ballard. Set up as a fourplex with almost zero vacancy over many years, this property has highly desirable LR3 zoning for potential future development. Great walkability on a quiet (closed) street just blocks to downtown Ballard. The upper floor has a 2 bed/1 bath unit plus a 1 bed/1 bath unit. The main floor has a large 3 bed/1 bath unit and the basement has a studio unit plus shared laundry.

Last Agent to Sell the Property

John Manning

RE/MAX Gateway License #24741 Listed on: 03/02/2023

RE/MAX Gateway

Last Buyer's Agent

Shane Ristine

Windermere Real Estate Midtown License #2147

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2040872

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,857

Year Built

  • Built in 1911

Lot Details

  • 3,900 Sq Ft Lot
  • Lot Dimensions are 50 x 78
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,440 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wood
  • Laminate

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Adams Elementary School
  • Whitman Mid Middle School
  • Ballard High School

Additional Features

  • Deck
  • Radiator

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767604476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,857

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1911
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3440
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 353

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Hot Water Recirc Pump, Hardwood, Laminate, Laminate Tile
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Seattle Public
  • WaterCompany: Seattle Public
  • WaterSewerGarbage: 8510

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1232

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Whitman Mid

Lot Info

  • Parcel Number: 2767604476
  • Lot Size Acres: 0.0895
  • Lot Size: 50 x 78
  • Lot Size Sq Ft: 3900
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.9
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 81800
  • Net Operating Income: 55569
  • Number Of Units Total: 4
  • Electric Expense: 856
  • Insurance Expense: 1615
  • Leasable Area: 3440
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 11857

MLS Schools

  • Elementary School: Adams

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Mar 31, 2023
Sold by
Steinbarth Emily and Steinbarth Shawn
Bought by
Beverley Kraus Trust
Seller's Agent
John Manning
RE/MAX Gateway
Buyer's Agent
Shane Ristine
Windermere Real Estate Midtown
List Price
$1,300,000
Sold Price
$1,235,000
Premium/Discount to List
-$65,000
-5%
Views
37
Current Estimated Value
$1,455,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,439
Avg. Annual Appreciation
4.59%

Purchase Details

Listed on
Feb 7, 2017
Closed on
Mar 9, 2017
Sold by
Frechier Cyril R and Frechier Carolyn M
Bought by
Steinbarth Emily and Steinbarth Shawn
Buyer's Agent
John Madrid
Realogics Sotheby's Int'l Rlty
List Price
$1,000,000
Sold Price
$1,110,000
Premium/Discount to List
$110,000
11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.77%

Purchase Details

Closed on
Aug 2, 2006
Sold by
Naud Philippe
Bought by
Frechier Cyril R and Frechier Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.12%

Purchase Details

Closed on
Nov 26, 1996
Sold by
Shaver Joan L and Cunningham Susanna L
Bought by
Naud Philippe and Prechier Cyril

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
7.86%
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
Beverley Kraus Trust $1,235,000 First American Title Insurance
Steinbarth Emily $1,110,000 Old Republic T
Frechier Cyril R $80,994 Pacific Nw Tit
Naud Philippe $255,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steinbarth Emily $766,700
Previous Owner Frechier Cyril R $400,000
Previous Owner Naud Philippe $178,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Sold $1,235,000 -5.0% $359 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $1,300,000 +17.1% $378 / Sq Ft
03/10/2017 03/10/17 Sold $1,110,000 +11.0% $323 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $1,000,000 -- $291 / 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 $11,510 $1,172,000 $955,500 $216,500
2023 $11,278 $1,217,000 $936,000 $281,000
2022 $11,857 $1,311,000 $936,000 $375,000
2021 $12,320 $1,275,000 $936,000 $339,000
2020 $12,179 $1,263,000 $897,000 $366,000
2018 $8,991 $1,134,000 $565,500 $568,500
2017 $6,729 $893,000 $408,000 $485,000
2016 $6,240 $683,000 $229,000 $454,000
2015 $5,427 $618,000 $208,000 $410,000
2014 -- $548,000 $185,000 $363,000
2013 -- $505,000 $171,000 $334,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2040872

Northwest Multiple Listing Service (NWMLS)

APN: 276760-4476