NOT LISTED FOR SALE

Estimated Value: $1,231,000 - $1,401,000

5 Beds
4 Baths
2,740 Sq Ft
$483/Sq Ft Est. Value

Last Sold January 28, 2021

Last sale price $1,100,000 $401 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $8,266/month

14 Days on Market

Highlights

  • Deck
  • Patio
  • Partially Fenced Property
  • Madison Middle School Rated A-
  • Property is in very good condition
  • Wood Siding

About This Home

As of January 2021

1996 built Triplex in impeccable condition with a new roof. Great layout and a spacious top floor unit perfect for Owner occupy. 4 car parking in the alley. Easy access to downtown with the C Line and close to everything. This is an excellent and rare opportunity to buy a super clean triplex. You can buy owner occupied and live in the top unit while the other 2 units pay your mortgage. Each unit has dishwasher & washer/Dryers. 2 units have fireplaces. Upper unit has concrete slab flooring for sound deadening between units.

Last Listed By

Bill Reid

Windermere West Metro License #18500 Listed on: 12/16/2020

Windermere West Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1698184

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,740

Year Built

  • Built in 1996

Lot Details

  • 4,400 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,740 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • Fairmount Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7625702790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,740

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1996
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2740
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 278

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • 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
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7625702790
  • Lot Size Acres: 0.101
  • Lot Size Sq Ft: 4400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: kcr
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 5400

Multi Family

  • Gross Scheduled Income: 64800
  • Net Operating Income: 50160
  • Number Of Units Total: 3
  • Insurance Expense: 1200
  • Leasable Area: 2740
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2021
Sold by
Karabetyan Aram M
Bought by
Aram M Karabetyan Living Trust and Karabetyan
Total Days on Market
14
Current Estimated Value
$1,323,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$640,623
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$672,918

Purchase Details

Closed on
Mar 30, 2021
Sold by
Karabetyan Aram M and The Aram M Karabetyan Living T
Bought by
Karabetyan Aram M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$640,623
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$672,918

Purchase Details

Listed on
Dec 16, 2020
Closed on
Jan 15, 2021
Sold by
Calvo Jennifer Sue and Calvo Frank J
Bought by
Aram M Karabetyan Living Trust and Karabetyan
Seller's Agent
Bill Reid
Windermere West Metro
Buyer's Agent
Alicia Arsene
The Preview Group
List Price
$1,195,000
Sold Price
$1,100,000
Premium/Discount to List
-$95,000
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%

Purchase Details

Closed on
Jun 25, 2004
Sold by
Kim John S S and Kim Caroline Y
Bought by
Kim John Soo Sung and Kim Caroline Young

Purchase Details

Closed on
Mar 15, 1996
Sold by
Vornbrock & Sons Construction Inc
Bought by
Attey Jennifer Sue and Calvo Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.01%

Purchase Details

Closed on
Dec 9, 1994
Sold by
Kailani Corp
Bought by
Vornbrock & Sons Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
9.08%

Range of Values:

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Average Value
Not Available
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
Aram M Karabetyan Living Trust $313 Accommodation/Courtesy Recordi
Karabetyan Aram M -- Aegis Land Title Group
Aram M Karabetyan Living Trust $1,100,000 First American Title
Kim John Soo Sung -- --
Attey Jennifer Sue $200,000 Chicago Title Insurance Co
Vornbrock & Sons Construction Inc $95,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karabetyan Aram M $700,000
Previous Owner Calvo Frank J $186,900
Previous Owner Attey Jennifer Sue $224,000
Previous Owner Vornbrock & Sons Construction Inc $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2021 01/28/21 Sold $1,100,000 -7.9% $401 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
12/16/2020 12/16/20 For Sale $1,195,000 -- $436 / 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 $10,277 $1,028,000 $432,000 $596,000
2023 $9,222 $935,000 $380,000 $555,000
2022 $8,223 $969,000 $361,000 $608,000
2021 $7,911 $855,000 $334,000 $521,000
2020 $7,740 $782,000 $312,000 $470,000
2018 $7,039 $780,000 $313,000 $467,000
2017 $6,151 $683,000 $275,000 $408,000
2016 $5,746 $615,000 $210,000 $405,000
2015 $4,987 $561,000 $190,000 $371,000
2014 -- $496,000 $172,000 $324,000
2013 -- $451,000 $172,000 $279,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1698184

Northwest Multiple Listing Service (NWMLS)

APN: 762570-2790