NOT LISTED FOR SALE

Estimated Value: $1,103,000 - $1,862,335

6 Beds
4 Baths
3,240 Sq Ft
$441/Sq Ft Est. Value

Last Sold December 22, 2014

Last sale price $850,000 $262 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $8,806/month

49 Days on Market

About This Home

As of December 2014

Classic Ballard brick tri-plex. Built to last and low, low maintenance. Seattle's hottest rental area. Close to, shops and 10 minutes to downtown Seattle. Quiet street with parking/ enclosed garage. Solid rental history. Recent roof. LR1 zoning .
Potential for Row houses, Townhomes, or Apartment development .
All units have washers and dryers, cash flows 3569 per month after expenses 11% ROI last year with Cash flow and property appreciation.

Last Buyer's Agent

Anita Hearl

Windermere Real Estate Co. License #9526

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 708255

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,516

Year Built

  • Built in 1958

Lot Details

  • 5,400

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,240 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Additional Features

  • 5,400 Sq Ft Lot
  • Cable TV Available

Community Details

  • Hamblets Acre Condos
  • Ballard Subdivision

Listing and Financial Details

  • Legal Lot and Block 7-8 / 4
  • Assessor Parcel Number 3052700610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,516

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1958
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Hamblets Acre
  • New Construction: No
  • CalculatedSquareFootage: 3240
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 404

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceramic Tile, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 3900

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3052700610
  • Lot Size Acres: 0.124
  • Lot Size Sq Ft: 5400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family
  • LotNumber: 7-8

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 4425

Multi Family

  • Gross Scheduled Income: 53100
  • Net Operating Income: 42828
  • Number Of Units Total: 3
  • Insurance Expense: 856
  • Leasable Area: 3240
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 5516

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2014
Closed on
Dec 16, 2014
Sold by
Lovelett Richard M
Bought by
Rosellini Investments Llc
Buyer's Agent
Anita Hearl
Windermere Real Estate Co.
List Price
$888,000
Sold Price
$850,000
Premium/Discount to List
-$38,000
-4.28%
Current Estimated Value
$1,428,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,445
Avg. Annual Appreciation
5.16%

Purchase Details

Closed on
Jun 16, 2008
Sold by
Pemberton Ernst W
Bought by
Lovelett Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,010
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2008
Sold by
Larson Nancy J and Pemberton Ernst W
Bought by
Pemberton Ernst W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,010
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
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
Rosellini Investments Llc $850,000 Chicago Title
Lovelett Richard M $714,300 Commonwealth L
Pemberton Ernst W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lovelett Richard M $491,700
Previous Owner Lovelett Richard M $500,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2014 12/22/14 Sold $850,000 -4.3% $262 / Sq Ft
12/06/2014 12/06/14 Pending -- -- --
10/17/2014 10/17/14 For Sale $888,000 -- $274 / 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 $12,272 $1,225,000 $1,124,000 $101,000
2023 $11,318 $1,148,000 $1,032,000 $116,000
2022 $10,694 $1,256,000 $974,000 $282,000
2021 $10,052 $1,118,000 $925,000 $193,000
2020 $10,389 $997,000 $605,000 $392,000
2018 $9,724 $1,064,000 $645,000 $419,000
2017 $8,288 $952,000 $581,000 $371,000
2016 $7,556 $835,000 $509,000 $326,000
2015 $5,438 $755,000 $455,000 $300,000
2014 -- $548,000 $316,000 $232,000
2013 -- $505,000 $292,000 $213,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 708255

Northwest Multiple Listing Service (NWMLS)

APN: 305270-0610