NOT LISTED FOR SALE

Estimated Value: $956,000 - $1,044,072

-- Bed
-- Bath
2,688 Sq Ft
$372/Sq Ft Est. Value

Last Sold December 24, 2019

Last sale price $770,000 $286 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,154/month

24 Days on Market

Highlights

  • Patio
  • Vinyl Flooring
  • 3-minute walk to 8th Avenue South Park (Tattatucid Park)

About This Home

As of December 2019

Turnkey apartment building in the City of Seattle. New roof and remodeled units offer an investor an great opportunity to get a high yielding asset in King County. 6 off street parking spots, new floors, and appliances make these units turn key ready. Coin operated laundry also brings in additional income. Quiet section of the nieghborhood that offers accessibility to everything in city.

Last Buyer's Agent

Shannon Gao

Skyline Properties, Inc. License #23418

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1531741

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,118

Year Built

  • Built in 1941

Lot Details

  • 5,000

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • 5,000 Sq Ft Lot

Community Details

  • South Park Subdivision

Listing and Financial Details

  • Tax Lot 732790-2165
  • Assessor Parcel Number 7327902165

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,118

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1941
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: VirtualTour
  • Cumulative Days on Market: 355

Interior Features

  • Possible Use: Industrial
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Available
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Electric
  • PowerCompany: Seattle City light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 6000

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7327902165
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Industrial
  • LotNumber: 732790-2165

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 5130

Multi Family

  • Gross Scheduled Income: 61560
  • Net Operating Income: 50242
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 2688
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4118

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2019
Closed on
Dec 23, 2019
Sold by
Reddy Rajiv Majjiga
Bought by
Gao Xiang
Buyer's Agent
Shannon Gao
Skyline Properties, Inc.
List Price
$750,000
Sold Price
$770,000
Premium/Discount to List
$20,000
2.67%
Current Estimated Value
$1,000,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,036
Avg. Annual Appreciation
5.17%
Original Mortgage
$577,500
Outstanding Balance
$515,670
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$506,768

Purchase Details

Listed on
Feb 23, 2016
Closed on
Apr 14, 2016
Sold by
Anston Investment Llc
Bought by
Reddy Rajiv Majjiga
Seller's Agent
Charlie Wang
AgencyOne
Buyer's Agent
Robert Underwood
Triwood Realty
List Price
$410,000
Sold Price
$405,900
Premium/Discount to List
-$4,100
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.00%
Original Mortgage
$324,720
Interest Rate
3.64%

Purchase Details

Listed on
Sep 17, 2012
Closed on
Dec 18, 2012
Sold by
A & A Investments
Bought by
Anston Investment Llc
Seller's Agent
Craig Roberts
Berkshire Hathaway HS NW
Buyer's Agent
Charlie Wang
AgencyOne
List Price
$325,000
Sold Price
$293,350
Premium/Discount to List
-$31,650
-9.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.24%

Purchase Details

Closed on
Sep 14, 2005
Sold by
Kenyon Street Properties Llc
Bought by
Patton David Allen and Patton Marlys Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.55%

Purchase Details

Closed on
Sep 13, 2005
Sold by
Patton David Allen and Patton Marlys Jean
Bought by
A & A Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.55%

Purchase Details

Closed on
May 29, 2003
Sold by
Bennett John A and Bennett Dahli
Bought by
Kenyon Street Properties Llc

Purchase Details

Closed on
Feb 22, 1999
Sold by
Gorny Shirley Corner and Ribera Diana Balko
Bought by
Bennett John A and Bennett Dahli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
6.78%
Source: Public Records

Range of Values:

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Average Value
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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
Gao Xiang $770,000 Wfg Natl Ttl Co Of Wa Llc
Reddy Rajiv Majjiga $405,900 Ticor National
Anston Investment Llc $293,350 Chicago Title
Patton David Allen $350,000 Chicago Title
A & A Investments -- Chicago Title
Kenyon Street Properties Llc -- Chicago Title
Bennett John A $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gao Xiang $577,500
Previous Owner Reddy Rajiv Majjiga $324,720
Previous Owner Patton David Allen $260,000
Previous Owner Bennett John A $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2019 12/24/19 Sold $770,000 +2.7% $286 / Sq Ft
11/08/2019 11/08/19 Pending -- -- --
11/01/2019 11/01/19 For Sale $750,000 0.0% $279 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
10/15/2019 10/15/19 For Sale $750,000 +84.8% $279 / Sq Ft
04/18/2016 04/18/16 Sold $405,900 -1.0% $141 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
02/23/2016 02/23/16 For Sale $410,000 +39.8% $142 / Sq Ft
12/19/2012 12/19/12 Sold $293,350 -9.7% $102 / Sq Ft
11/03/2012 11/03/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $325,000 -- $113 / 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 $8,144 $784,000 $250,000 $534,000
2023 $7,327 $757,000 $225,000 $532,000
2022 $7,747 $803,000 $200,000 $603,000
2021 $6,477 $791,000 $200,000 $591,000
2020 $5,575 $619,000 $200,000 $419,000
2018 $4,515 $497,000 $130,000 $367,000
2017 $3,697 $412,000 $130,000 $282,000
2016 $3,573 $343,000 $105,000 $238,000
2015 $2,831 $326,000 $90,000 $236,000
2014 -- $258,000 $90,000 $168,000
2013 -- $263,000 $90,000 $173,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1531741

Northwest Multiple Listing Service (NWMLS)

APN: 732790-2165