Listed by Heaton Dainard, LLC, Bought with Windermere Real Estate/East
NOT LISTED FOR SALE

Estimated Value: $1,050,000 - $1,235,000

5 Beds
3 Baths
2,800 Sq Ft
$423/Sq Ft Est. Value

Last Sold October 08, 2019

Last sale price $859,950 $307 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,278/month

47 Days on Market

Highlights

  • Wood Flooring
  • Property is Fully Fenced
  • 3-minute walk to Porcelain Garden
  • West Woodland Elementary School Rated A
  • Wood Siding

About This Home

As of October 2019

Opportunity knocks to own side-by-side MCM duplex in Ballard with a potential 5.5%+ CAP rate. Recent improvements incl sewer work, all new electrical, new insulation, etc! 632 W unit: 1160 SQ FT w/living, kitch, master, full BA on main. Basement fin w/2BD, BA & laundry. 630 E unit: 870 fin sf incl living, kitch, full BA, 2BD+770sf unfin basement *value-Add* finish basement for addtl finished SQFT! Owner occupant-subsidize your mortgage! Garage can be used by either unit w access to both.

Last Agent to Sell the Property

Katie Kepler

Heaton Dainard, LLC License #85588 Listed on: 07/18/2019

Heaton Dainard, LLC

Co-Listed By

James Dainard

Heaton Dainard, LLC License #108050

Last Buyer's Agent

Debbie Lin

Windermere Real Estate/East License #18220

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1492785

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,474

Year Built

  • Built in 1947

Lot Details

  • 5,000 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0475001475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,474

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1947
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2800
  • Special Features: VirtualTour
  • Cumulative Days on Market: 417

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Natural Gas Available, Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 283

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0475001475
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Gas Available
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 56400
  • Net Operating Income: 47220
  • Number Of Units Total: 2
  • Insurance Expense: 1423
  • Leasable Area: 2800
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 7474

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2019
Closed on
Oct 1, 2019
Sold by
Dolan Patrick M and Dolan Anne G
Bought by
Luo Michael and Song Xue
Seller's Agent
Katie Kepler
Heaton Dainard, LLC
Buyer's Agent
Debbie Lin
Windermere Real Estate/East
List Price
$859,950
Sold Price
$859,950
Current Estimated Value
$1,185,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,084
Avg. Annual Appreciation
5.95%
Original Mortgage
$687,960
Outstanding Balance
$609,287
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$596,235

Purchase Details

Closed on
Apr 5, 2013
Sold by
Ballinheckil Llc I
Bought by
Dolan Patrick M and Dolan Anne G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2006
Sold by
Dolan Patrick M and Dolan Anne G
Bought by
Ballinheckil Llc I

Purchase Details

Closed on
May 7, 1993
Sold by
Rowse Anthony I
Bought by
Dolan Patrick M and Dolan Anne G
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
Luo Michael $859,950 First American Title Ins Co
Dolan Patrick M -- Servicelink
Ballinheckil Llc I -- None Available
Dolan Patrick M $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luo Michael $687,960
Previous Owner Dolan Patrick M $309,000
Previous Owner Dolan Patrick M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2019 10/08/19 Sold $859,950 0.0% $307 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
07/18/2019 07/18/19 For Sale $859,950 -- $307 / 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 $9,482 $956,000 $607,000 $349,000
2023 $8,843 $896,000 $557,000 $339,000
2022 $9,109 $1,053,000 $526,000 $527,000
2021 $8,048 $958,000 $500,000 $458,000
2020 $8,319 $798,000 $356,000 $442,000
2018 $7,474 $816,000 $379,000 $437,000
2017 $6,364 $730,000 $342,000 $388,000
2016 $5,743 $640,000 $300,000 $340,000
2015 $4,935 $563,000 $268,000 $295,000
2014 -- $493,000 $221,000 $272,000
2013 -- $455,000 $204,000 $251,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1492785

Northwest Multiple Listing Service (NWMLS)

APN: 047500-1475