Listed by Westlake Associates, Inc., Bought with Northmarq Multifamily, LLC
NOT LISTED FOR SALE
3 Beds
2 Baths
-- Sq Ft
7,680 Sq Ft Lot

Sale Details

Date Sold: July 10, 2017

Last sale price $2,620,000

13 Days on Market

Highlights

  • Lake View
  • Thermal Windows
  • 4-minute walk to Ward Springs Park
  • John Hay Elementary School Rated A
  • Wall to Wall Carpet

About This Home

As of July 2017

This is a nice 7 Unit Building with some views of the lake and city. Drive by only. Interior inspection upon accepted offer. Note that the present owner does not warrant any of financial numbers provided herein, or in any brochures or advertising concerning the property. The following info is available for the property: An appraisal, a Level I Environmental report, a property inspection report dated 9/26/16, a loan quote from Chase, and a preliminary title report from Fidelity.

Last Agent to Sell the Property

Peter Hiatt

Westlake Associates, Inc. License #3015 Listed on: 05/17/2017

Last Buyer's Agent

Tyler Smith

Northmarq Multifamily, LLC License #24028396

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1125558

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,311

Year Built

  • Built in 1968

Lot Details

  • 7,680 Sq Ft Lot
  • Property is in good condition

Parking

  • Open Parking

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Bitumen Roof
  • Stucco

Interior Spaces

  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Community Details

  • Eden Condos
  • Queen Anne Subdivision

Listing and Financial Details

  • Legal Lot and Block 3-4 / 12
  • Assessor Parcel Number 2249500035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,311

Year Built

Built in 1968

Lot Details

7,680 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: EDEN
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • View: City, Lake, Mountain(s)
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Property Condition: Good
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 5
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2249500035
  • Lot Size Acres: 0.1763
  • Lot Size Sq Ft: 7680
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family
  • LotNumber: 3-4

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 10029

Tax Info

  • Year: 2015
  • Tax Annual Amount: 20311

Multi Family

  • Number Of Units Total: 7
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2017
Closed on
Jul 5, 2017
Sold by
Bought by
Seller's Agent
Peter Hiatt
Westlake Associates, Inc.
Buyer's Agent
Tyler Smith
Northmarq Multifamily, LLC
List Price
$2,250,000
Sold Price
$2,620,000
Premium/Discount to List
$370,000
16.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,000
Interest Rate
4.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 10, 2017
Sold by
Bought by

Purchase Details

Closed on
May 21, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 20, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,618,600 Fidelity
-- Fidelity
$1,010,000 Pacific Nw Title
$560,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,300,000
Closed $965,000
Previous Owner $750,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/10/2017 07/10/17 Sold $2,620,000 +16.4% --
06/01/2017 06/01/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $2,250,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $43,668 $4,225,000 $4,224,000 $1,000
2024 $40,525 $4,225,000 $4,224,000 $1,000
2023 $32,649 $4,225,000 $4,224,000 $1,000
2022 $30,211 $3,841,000 $3,840,000 $1,000
2021 $31,692 $3,265,000 $3,264,000 $1,000
2020 $29,566 $3,265,000 $3,264,000 $1,000
2018 $24,208 $3,073,000 $3,072,000 $1,000
2017 $21,034 $2,422,000 $2,304,000 $118,000
2016 $18,633 $2,171,000 $1,920,000 $251,000
2015 -- $1,872,000 $1,382,400 $489,600
2014 -- $1,650,000 $998,400 $651,600
2013 -- $1,550,000 $960,000 $590,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1125558

Northwest Multiple Listing Service (NWMLS)
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