Listed by Paragon Real Estate Advisors, Bought with Homes & Equity Real Estate Grp
NOT LISTED FOR SALE

Estimated Value: $997,098 - $1,060,000

4 Beds
4 Baths
2,910 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $1,045,000 $359 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,116/month

7 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 3-minute walk to Oxbow Park
  • Maple Elementary School Rated A-
  • Wood Siding

About This Home

As of June 2024

The property features one studio unit (non-conforming), two 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit. All of the units were remodeled about 5 years ago with hard surface flooring, updated kitchens, fresh paint and fixtures throughout. The property has been meticulously cared for by the current owner and has mature landscaping. Tenant in unit B will be vacating in mid May, making this an ideal opportunity for an owner-user. As an investment, the property has a current 5.7% CAP rate which can be improved by increasing current rents and charging for storage. This is a rare opportunity to own a clean and stabilized property in the heart of Georgetown.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 05/09/2024

Co-Listed By

Ben Douglas

Paragon Real Estate Advisors License #22013305

Last Buyer's Agent

Dariush Esfandi

Homes & Equity Real Estate Grp License #75094

Homes & Equity Real Estate Grp

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2235519

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,024

Year Built

  • Built in 1908

Lot Details

  • 3,048

Home Design

  • Quadruplex
  • Built-Up Roof
  • Wood Siding

Additional Features

  • 3-Story Property
  • 3,048 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Georgetown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2734100190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,024

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1908
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2734100190
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3048
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.58
  • LeasedItems: None
  • TotalMonthlyIncome: 6925

Tax Info

  • Year: 2024
  • Tax Annual Amount: 9024

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: true

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2025
Sold by
Nader Kaveh
Bought by
Northwest Hills Llc
Current Estimated Value
$1,022,025

Purchase Details

Listed on
May 9, 2024
Closed on
Jun 24, 2024
Sold by
Carleton 4 Llc
Bought by
Kaveh Nader
Seller's Agent
Michael Urquhart
Paragon Real Estate Advisors
Buyer's Agent
Dariush Esfandi
Homes & Equity Real Estate Grp
List Price
$1,045,000
Sold Price
$1,045,000
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.39%
Original Mortgage
$940,500
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2020
Sold by
8420 27Th St W Llc
Bought by
Carleton 4 Llc

Purchase Details

Closed on
Apr 20, 2017
Sold by
Cloud John B and Cloud William D
Bought by
Jro & Cwd I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,635,000
Interest Rate
4.21%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 11, 2000
Sold by
Whitman Celia C
Bought by
Whitman Brett D

Purchase Details

Closed on
Oct 23, 1998
Sold by
Cloud Ingrid L
Bought by
Cloud William D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Northwest Hills Llc $313 None Listed On Document
Kaveh Nader $1,045,000 Stewart Title
Carleton 4 Llc $816,050 Stewart Ttl Guaranty Co Com
Jro & Cwd I Llc $1,782,800 Fidelity
Whitman Brett D -- --
Cloud William D -- First American Title Ins Co
Cloud John B $130,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kaveh Nader $940,500
Previous Owner Jro & Cwd I Llc $1,635,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2024 06/27/24 Sold $1,045,000 0.0% $359 / Sq Ft
05/09/2024 05/09/24 For Sale $1,045,000 -- $359 / 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 $9,710 $1,008,000 $508,000 $500,000
2023 $9,025 $952,000 $449,000 $503,000
2022 $6,383 $1,007,000 $409,000 $598,000
2021 $6,064 $682,000 $230,000 $452,000
2020 $5,871 $615,000 $204,000 $411,000
2018 $5,222 $639,000 $325,000 $314,000
2017 $4,485 $509,000 $191,000 $318,000
2016 $3,378 $450,000 $179,000 $271,000
2015 $2,966 $325,000 $324,000 $1,000
2014 -- $291,000 $290,000 $1,000
2013 -- $291,000 $290,000 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2235519

Northwest Multiple Listing Service (NWMLS)

APN: 273410-0190