Listed by Windermere Real Estate Co., Bought with Best Choice Realty LLC
NOT LISTED FOR SALE

Estimated Value: $2,956,000 - $3,061,000

20 Beds
8 Baths
6,710 Sq Ft
$451/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $2,490,000 $371 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $17,716/month

19 Days on Market

Highlights

  • Canal View
  • Built Green
  • Bamboo Flooring
  • Coe Elementary School Rated A
  • Deck
  • Thermal Windows

About This Home

As of April 2021

Biggest 4-Plex (by price) in Wa St history. "The Eden Hill Flats" Rare Four Star Built Green in 2016. Average Actual Rents Received 2017 - 2019: $18,888 / month. All leased till Aug 31st @ $15,100/m, very strong resident profile/ 100% timely/ info avail. Intelligent Design as upscale "Seattle Pacific U Residences". Yet trending to now 3 of 4 units not students/ are working. Four superlative 4-BR / 5-BR / 6-BR Flats w/ Great Rooms "like a house", maple & quartz, wool, tile & bamboo, views & more. Premium commercial construction components, fully sprinklered, occupancy rating 35, etc. While some list prices require pro forma rents not yet proven, Eden Hill Flats is a turn key 5.2 Cap as is, with pro forma rents proven four years ago.

Last Agent to Sell the Property

Matthew Townsend

Windermere Real Estate Co. License #9599 Listed on: 02/26/2021

Windermere Real Estate Co.

Last Buyer's Agent

Zijun Wang

Best Choice Realty LLC License #120244

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1734645

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,188

Year Built

  • Built in 2016

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 40 x 110
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Canal
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Cement Board or Planked

Interior Spaces

  • 6,710 Sq Ft Home
  • 4-Story Property
  • Thermal Windows

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Coe Elementary School
  • Mc Clure Mid Middle School
  • Lincoln High School

Additional Features

  • Built Green
  • Deck
  • High Speed Internet

Community Details

  • Eden Hill Flats Condos
  • Queen Anne Subdivision

Listing and Financial Details

  • Legal Lot and Block 9 / 6
  • Assessor Parcel Number 7443000710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,188

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2016
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Eden Hill Flats
  • New Construction: No
  • CalculatedSquareFootage: 6710
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Bamboo/Cork, Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Bamboo/Cork
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Energy Package,Fire Sprinklers,See Remarks,Storage,Thermal Windows

Exterior Features

  • Roof: See Remarks
  • View: Canal, Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 11489

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Lincoln High
  • Middle Or Junior School: Mc Clure Mid

Lot Info

  • Parcel Number: 7443000710
  • Lot Size Acres: 0.101
  • Lot Size: 40 x 110
  • Lot Size Sq Ft: 4400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: KCA
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 9

Green Features

  • Efficiency: Thermal Windows
  • Green Building Verification Type: Built Green™
  • Power Production Type: Electric
  • GreenVerificationBuiltGreenRating: 4 stars

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 15100

Multi Family

  • Gross Scheduled Income: 181200
  • Net Operating Income: 137690
  • Number Of Units Total: 4
  • Electric Expense: 7965
  • Insurance Expense: 3768
  • Leasable Area: 6120
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • EnvironmentalCertification: Built Green™
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 11188

MLS Schools

  • Elementary School: Coe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2021
Closed on
Mar 27, 2021
Sold by
Fisher Alene D and The 2015 Alene Diane Fisher An
Bought by
Foremost Enterprises Ii Llc
Seller's Agent
Matthew Townsend
Windermere Real Estate Co.
Buyer's Agent
Zijun Wang
Best Choice Realty LLC
List Price
$2,640,000
Sold Price
$2,490,000
Premium/Discount to List
-$150,000
-5.68%
Current Estimated Value
$3,025,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$535,032
Avg. Annual Appreciation
4.38%

Purchase Details

Closed on
Dec 11, 2020
Sold by
Fisher Alene D
Bought by
2015 Alene Diane Fisher And Mark Daniel Fishe and Fisher

Purchase Details

Closed on
Dec 30, 2016
Sold by
Fisher Alene D
Bought by
Fisher Alene D and Smartworks Properties Llc

Purchase Details

Listed on
Aug 10, 2012
Closed on
Dec 7, 2012
Sold by
Fisher Alene D and Fisher Marc D
Bought by
643 W Nickerson Llc
Seller's Agent
Cindy Hoy
WeLakeside
Buyer's Agent
Barbara Korducki
Coldwell Banker Danforth
List Price
$449,000
Sold Price
$430,000
Premium/Discount to List
-$19,000
-4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.20%
Original Mortgage
$322,500
Interest Rate
3.52%

Purchase Details

Listed on
Aug 10, 2012
Closed on
Oct 19, 2012
Sold by
Wilson Christian T
Bought by
Fisher Marc D and Fisher Alene D
Seller's Agent
Cindy Hoy
WeLakeside
Buyer's Agent
Barbara Korducki
Coldwell Banker Danforth
List Price
$449,000
Sold Price
$430,000
Premium/Discount to List
-$19,000
-4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
3.52%

Purchase Details

Closed on
Aug 8, 2005
Sold by
Kipping Paul F and Kipping Lynne F
Bought by
Wilson Christian T

Purchase Details

Closed on
Feb 19, 1988
Sold by
Vinup Charles O and Billy Anne
Bought by
Kipping Paul F and Kipping Lynne F
Source: Public Records

Range of Values:

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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
Foremost Enterprises Ii Llc $2,490,000 Ticor Title
2015 Alene Diane Fisher And Mark Daniel Fishe $313 None Listed On Document
Fisher Alene D -- None Available
643 W Nickerson Llc -- Fidelity Natio
Fisher Marc D $430,000 Fidelity Natio
Wilson Christian T $429,950 Chicago Title
Kipping Paul F $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fisher Marc D $322,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2021 04/01/21 Sold $2,490,000 -5.7% $371 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $2,640,000 +514.0% $393 / Sq Ft
10/22/2012 10/22/12 Sold $430,000 -4.2% $159 / Sq Ft View Prior Sale
09/13/2012 09/13/12 Pending -- -- --
08/10/2012 08/10/12 For Sale $449,000 -- $166 / 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 $19,942 $2,108,000 $946,000 $1,162,000
2023 $21,020 $2,705,000 $946,000 $1,759,000
2022 $11,701 $2,522,000 $823,000 $1,699,000
2021 $11,188 $1,267,000 $535,000 $732,000
2020 $11,375 $1,150,000 $492,000 $658,000
2018 $4,738 $1,164,000 $526,000 $638,000
2017 $4,264 $455,000 $455,000 $0
2016 $6,029 $423,000 $423,000 $0
2015 $4,945 $604,000 $271,000 $333,000
2014 -- $504,000 $217,000 $287,000
2013 -- $473,000 $205,000 $268,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1734645

Northwest Multiple Listing Service (NWMLS)

APN: 744300-0710