Listed by Paragon Real Estate Advisors, Bought with Best Choice Network LLC
NOT LISTED FOR SALE

Estimated Value: $1,624,574 - $1,777,000

5 Beds
4 Baths
3,120 Sq Ft
$539/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $1,320,000 $423 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $11,312/month

37 Days on Market

Highlights

  • Vinyl Flooring
  • West Woodland Elementary School Rated A
  • 4-minute walk to Phinney Ridge P-Patch Community Garden

About This Home

As of April 2019

Well located Phinney ridge triplex featuring 180-degree views of the Olympic mountains and downtown Ballard. Recent improvements include new exterior paint, metal siding, vinyl plank flooring, decking subsurface and coatings. 2 – 1BD/1BTH units and 1 - 1,530 sf 3BD/3BTH penthouse with vinyl plank floors, oversized deck, full size W/D, quartz counters and new cabinets. The property features three carports and a driveway that will accommodate three additional cars if parked in tandem.

Last Agent to Sell the Property

Brian Platt

Paragon Real Estate Advisors License #85375 Listed on: 02/28/2019

Last Buyer's Agent

Hari Pothineni

Best Choice Network LLC License #106445

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1417116

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,107

Year Built

  • Built in 1972

Lot Details

  • 6,601 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Flat Roof Shape
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 3,120 Sq Ft Home
  • 3-Story Property

Flooring

  • Laminate
  • Vinyl

Community Details

  • Phinney Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9287801435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,107

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1972
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3120
  • Special Features: None
  • Cumulative Days on Market: 386

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2700

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9287801435
  • Lot Size Acres: 0.1515
  • Lot Size Sq Ft: 6601
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 6795

Multi Family

  • Gross Scheduled Income: 81540
  • Net Operating Income: 62487
  • Number Of Units Total: 3
  • Insurance Expense: 1700
  • Leasable Area: 3120
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 10107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2021
Sold by
High Skies Properties Llc
Bought by
Parkhi Ninad Anil and Lokre Anagha Arun
Current Estimated Value
$1,841,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$966,000
Outstanding Balance
$897,400
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$855,277

Purchase Details

Closed on
Sep 15, 2020
Sold by
Parkhi Ninad Anil and Lokre Anagha Arun
Bought by
High Skies Properties Llc

Purchase Details

Listed on
Feb 28, 2019
Closed on
Apr 30, 2019
Sold by
Phinney Ridge Investments Llc
Bought by
Parkhi Ninad Anil and Lokre Anagha Arun
Seller's Agent
Brian Platt
Paragon Real Estate Advisors
Buyer's Agent
Hari Pothineni
Best Choice Network LLC
List Price
$1,350,000
Sold Price
$1,320,000
Premium/Discount to List
-$30,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
Original Mortgage
$990,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2017
Sold by
Gardner Charles J
Bought by
Phinney Ridge Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2005
Sold by
Snyder Marlo O and Snyder Loyal T R
Bought by
Gardner Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,726
Interest Rate
2.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2001
Sold by
Morry G Richard
Bought by
Snyder Marlo O and Snyder Loyal T R
Source: Public Records

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
Parkhi Ninad Anil -- None Available
High Skies Properties Llc -- Accommodation
Parkhi Ninad Anil $1,319,250 Fidelity National Title
Phinney Ridge Investments Llc $1,089,550 Fidelity National Title
Gardner Charles J $625,000 Fidelity National Title
Snyder Marlo O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parkhi Ninad Anil $966,000
Previous Owner Parkhi Ninad Anil $990,000
Previous Owner Phinney Ridge Investments Llc $715,000
Previous Owner Gardner Charies J $487,000
Previous Owner Snyder Loyal T R $101,165
Previous Owner Gardner Charles J $564,726
Previous Owner Snyder Marlo O $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $1,320,000 -2.2% $423 / Sq Ft
04/06/2019 04/06/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $1,350,000 -- $433 / 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 $15,352 $1,568,000 $894,000 $674,000
2023 $14,236 $1,529,000 $881,000 $648,000
2022 $12,673 $1,654,000 $787,000 $867,000
2021 $12,090 $1,349,000 $688,000 $661,000
2020 $12,421 $1,222,000 $574,000 $648,000
2018 $10,340 $1,146,000 $437,000 $709,000
2017 $8,922 $1,021,000 $389,000 $632,000
2016 $8,428 $908,000 $349,000 $559,000
2015 $7,480 $838,000 $323,000 $515,000
2014 -- $760,000 $293,000 $467,000
2013 -- $668,000 $258,000 $410,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1417116

Northwest Multiple Listing Service (NWMLS)

APN: 928780-1435