Listed by Keller Williams Realty PS, Bought with Windermere Real Estate Midtown
$1,047,000
SOLD OCT 21, 2024
-- Bed
-- Bath
1,660 Sq Ft
4,050 Sq Ft Lot

Recently Sold

$631 Per Sq Ft

4% Below List Price

108 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Patio
  • West Woodland Elementary School Rated A
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of October 2024

Are you seeking a centrally-located and highly-profitable investment property with ALL major CapEx items completed within the last 5 years? Situated along a bus line in the heart of Ballard, this duplex offers exceptional advantages w/newer roof (2019), shared laundry, newer water heaters (2021), newer Hardie Plank siding (2021), off-street parking, and fabulous walkability. Always rented with no vacancies (since 2007), each 2BR/1.5BA unit has new LVP flooring, new Trex deck (2021), storage space, cozy bedrooms, patio, sunny South-facing balconies, and kitchens w/dishwashers. Whether you’re a seasoned investor or a savvy homeowner seeking to live on one side and rent the other, this captivating property delivers a world of possibilities!

Last Agent to Sell the Property

Chris Archer

Keller Williams Realty PS License #127494 Listed on: 06/12/2024

Keller Williams Realty PS

Last Buyer's Agent

Emily Wang

Windermere Real Estate Midtown License #130157

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2249688

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,387

Year Built

  • Built in 1975

Lot Details

  • 4,050 Sq Ft Lot
  • Corner Lot
  • Sprinkler System

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Cement Board or Planked

Interior Spaces

  • 1,660 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Gilman Park Condos
  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2767705096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,387

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1975
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Gilman Park
  • New Construction: No
  • CalculatedSquareFootage: 1660
  • Special Features: None
  • Cumulative Days on Market: 384

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition, Torch Down
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

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
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 2936

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2767705096
  • Lot Size Acres: 0.093
  • Lot Size Sq Ft: 4050
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 17.7
  • LeasedItems: None
  • TotalMonthlyIncome: 4930

Multi Family

  • Gross Scheduled Income: 59160
  • Net Operating Income: 47658
  • Number Of Units Total: 2
  • Insurance Expense: 1179
  • Leasable Area: 1660
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7387

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2007
Sold by
June Jeffrey A and Bennett Amandalei
Bought by
Rainey Darren and Rainey Jennifer
Current Estimated Value
$1,075,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Outstanding Balance
$34,829
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,017,578

Purchase Details

Closed on
Dec 8, 1999
Sold by
Kindley Milford P and Kindley Leona F
Bought by
June Jeff and Bennett Amandalei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
7.82%
Mortgage Type
Seller Take Back
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 $560,000 Commonwealth L
Warranty Deed $245,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $56,000 Credit Line Revolving
Open $448,000 Negative Amortization
Closed $56,000 Credit Line Revolving
Previous Owner $117,001 Fannie Mae Freddie Mac
Previous Owner $172,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2024 10/21/24 Sold $1,047,000 -0.3% $631 / Sq Ft
09/28/2024 09/28/24 Pending -- -- --
07/19/2024 07/19/24 Price Changed $1,049,950 -3.5% $633 / Sq Ft
06/12/2024 06/12/24 For Sale $1,088,000 -- $655 / 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 $8,012 $807,000 $413,000 $394,000
2023 $7,387 $756,000 $379,000 $377,000
2022 $7,626 $889,000 $358,000 $531,000
2021 $6,431 $809,000 $340,000 $469,000
2020 $6,652 $641,000 $268,000 $373,000
2018 $5,982 $656,000 $286,000 $370,000
2017 $5,094 $587,000 $258,000 $329,000
2016 $4,596 $515,000 $226,000 $289,000
2015 $4,583 $453,000 $202,000 $251,000
2014 -- $465,000 $175,000 $290,000
2013 -- $429,000 $162,000 $267,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2249688

Northwest Multiple Listing Service (NWMLS)

APN: 276770-5096