Listed by People's Real Estate Inc, Bought with Windermere Mercer Island
$660,000
SOLD AUG 6, 2013
-- Bed
-- Bath
3,090 Sq Ft
5,120 Sq Ft Lot

Recently Sold

$214 Per Sq Ft

6% Below List Price

27 Days on Market

Highlights

  • Thermal Windows
  • Patio
  • High Speed Internet
  • Wedgwood Elementary School Rated A
  • Ceramic Tile Flooring
  • 4-minute walk to Ravenna-Eckstein Park

About This Home

As of June 2016

Great investment property. Two large main units that have been remodeled and additional space in the basement that could be used as a MIL to one of the upper units. Bathrooms have been remodeled with cultured marble.Coin operated washer and dryer in common area. This property has been nicely maintained and is always rented. Backyard has a quaint patio area and there is off street and street parking as well as a garage. Property is close to shopping, buses, University district, and parks.

Last Agent to Sell the Property

Joe Brannon

People's Real Estate Inc License #49769 Listed on: 06/04/2013

Co-Listed By

Lisa Brannon

People's Real Estate Inc License #18269

Last Buyer's Agent

Brooke Davis

Windermere Mercer Island License #26738

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 497131

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,183

Year Built

  • Built in 1921

Lot Details

  • 5,120 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,090 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Ravenna Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2754700120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,183

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1921
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3090
  • Special Features: None
  • Cumulative Days on Market: 346

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 3021

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2754700120
  • Lot Size Acres: 0.1175
  • Lot Size Sq Ft: 5120
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 45432

Multi Family

  • Gross Scheduled Income: 45438
  • Net Operating Income: 29045
  • Number Of Units Total: 2
  • Insurance Expense: 794
  • Leasable Area: 3090
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 5183

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2016
Closed on
Jun 22, 2016
Sold by
Fitzpatrick Barclay D and Fitzpatrick Anna M
Bought by
Brady Megan and Brady Kyle
Seller's Agent
Brooke Davis
Windermere Mercer Island
Buyer's Agent
Kyle Moss
COMPASS
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Current Estimated Value
$1,463,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,018
Avg. Annual Appreciation
5.51%
Original Mortgage
$810,000
Outstanding Balance
$655,269
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$807,749

Purchase Details

Listed on
Jun 4, 2013
Closed on
Jul 28, 2013
Sold by
Thomas Leonard R and Thomas Deborah C
Bought by
Fitzpatrick Barclay D and Fitzpatrick Anna M
Seller's Agent
Joe Brannon
People's Real Estate Inc
Buyer's Agent
Brooke Davis
Windermere Mercer Island
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.29%
Original Mortgage
$528,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 1998
Sold by
Carpenter Ronald A and Carpenter Janice J
Bought by
Thomas Leonard R and Thomas Deborah C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.82%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $900,000 Old Republic
Warranty Deed $660,000 Old Republic T
Warranty Deed $240,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $810,000 New Conventional
Previous Owner $520,000 Adjustable Rate Mortgage/ARM
Previous Owner $528,000 New Conventional
Previous Owner $200,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2016 06/29/16 Sold $900,000 -5.3% $291 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $950,000 +43.9% $307 / Sq Ft
08/06/2013 08/06/13 Sold $660,000 -5.6% $214 / Sq Ft
07/02/2013 07/02/13 Pending -- -- --
06/04/2013 06/04/13 For Sale $699,000 -- $226 / 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 $12,258 $1,258,000 $684,000 $574,000
2023 $11,061 $1,141,000 $638,000 $503,000
2022 $10,283 $1,303,000 $709,000 $594,000
2021 $9,481 $1,091,000 $605,000 $486,000
2020 $9,103 $952,000 $500,000 $452,000
2018 $8,038 $867,000 $431,000 $436,000
2017 $7,261 $789,000 $392,000 $397,000
2016 $6,758 $737,000 $366,000 $371,000
2015 $5,955 $670,000 $333,000 $337,000
2014 -- $603,000 $300,000 $303,000
2013 -- $531,000 $222,000 $309,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 497131

Northwest Multiple Listing Service (NWMLS)

APN: 275470-0120