Listed by Better Properties - Metro, Bought with Sea Bell Brokers, Inc.
NOT LISTED FOR SALE

Estimated Value: $981,000 - $1,443,000

4 Beds
2 Baths
2,290 Sq Ft
$522/Sq Ft Est. Value

Last Sold July 08, 2015

Last sale price $704,000 $307 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,959/month

6 Days on Market

Highlights

  • Territorial View
  • Wood Flooring
  • Partially Fenced Property
  • Coe Elementary School Rated A
  • Patio
  • Wood Siding

About This Home

As of July 2015

Opportunities abound w/this charming 1909 multi-family LR3 Zoned property.With it's proximity to SPU-use as duplex or rent out 1 level & live in other.Another option-convert back to a beautiful single-family & enjoy the levels as 1 home...such an easy switch here-you decide!Main level offers coved ceilings, updated kitchen & 2 beds/1 bth.Attic currently enjoyed as art studio-could be great Master Suite.Lower unit offers 2 bds/1 bth & private lndry.If fully rented, will generate approx. $4K+/mo.

Last Agent to Sell the Property

Jen Turner

Better Properties - Metro License #46883 Listed on: 05/27/2015

Better Properties - Metro

Last Buyer's Agent

Csaba Kiss

Sea Bell Brokers, Inc. License #7075

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 792963

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,523

Year Built

  • Built in 1909

Lot Details

  • 3,600 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,290 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Cable TV Available

Community Details

  • Denny & Hoyts Add Condos
  • Seattle Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 65
  • Assessor Parcel Number 1972205860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,523

Year Built

Built in 1909

Lot Details

3,600 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1909
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Denny & Hoyts Add
  • New Construction: No
  • CalculatedSquareFootage: 2290
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Slate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: SPU
  • WaterCompany: SPU

Fee Information

  • Annual Fuel Expense: 482

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1972205860
  • Lot Size Acres: 0.0826
  • Lot Size Sq Ft: 3600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Outbuildings,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 2

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 1200

Tax Info

  • Year: 2014
  • Tax Annual Amount: 4523

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 550
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2015
Closed on
Jul 1, 2015
Sold by
Olsen Jimmy C and Olsen Alyce E
Bought by
Wahlman Matthew B and Wghlman Sheila
Seller's Agent
Jen Turner
Better Properties - Metro
Buyer's Agent
Csaba Kiss
Sea Bell Brokers, Inc.
List Price
$644,900
Sold Price
$704,000
Premium/Discount to List
$59,100
9.16%
Current Estimated Value
$1,194,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,998
Avg. Annual Appreciation
5.07%
Original Mortgage
$457,600
Outstanding Balance
$353,789
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$841,209

Purchase Details

Closed on
Jul 26, 1994
Sold by
Morriss Theodore J
Bought by
Olsen Jimmy C and Olsen Alyce E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wahlman Matthew B $704,000 Chicago Title
Olsen Jimmy C $145,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wahlman Matthew B $457,600
Previous Owner Olsen Jimmy C $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2015 07/08/15 Sold $704,000 +9.2% $307 / Sq Ft
06/03/2015 06/03/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $644,900 -- $282 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $8,903 $904,000 $842,000 $62,000
2023 $8,510 $880,000 $842,000 $38,000
2022 $7,679 $953,000 $892,000 $61,000
2021 $7,353 $815,000 $603,000 $212,000
2020 $7,464 $740,000 $554,000 $186,000
2018 $6,345 $700,000 $592,000 $108,000
2017 $5,677 $625,000 $512,000 $113,000
2016 $5,336 $578,000 $476,000 $102,000
2015 $4,379 $531,000 $301,000 $230,000
2014 -- $443,000 $241,000 $202,000
2013 -- $416,000 $228,000 $188,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 792963

Northwest Multiple Listing Service (NWMLS)

APN: 197220-5860

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