Listed by Windermere Mercer Island, Bought with COMPASS
$900,000
SOLD JUN 29, 2016
-- Bed
-- Bath
3,090 Sq Ft
5,120 Sq Ft Lot

Recently Sold

$291 Per Sq Ft

5% Below List Price

55 Days on Market

Highlights

  • RV Access or Parking
  • Thermal Windows
  • Ceramic Tile Flooring
  • Wedgwood Elementary School Rated A
  • Patio
  • 4-minute walk to Ravenna-Eckstein Park

About This Home

As of June 2016

An investors dream, this updated duplex with non-conforming 3rd unit is located on a cherry tree lined, dead-end street in Ravenna just minutes from UW, I-5 and the new light-rail station. Two spacious, light filled 2 bedroom units have large windows, comfortable living rooms, kitchens and dining areas. Lower level has coin-op laundry, a 1 bedroom unit and extra storage. Detached 2 car garage, off-street parking, an outdoor patio and great backyard. Just a 5 minute stroll to cafes & restaurants!

Last Agent to Sell the Property

Brooke Davis

Windermere Mercer Island License #26738 Listed on: 03/23/2016

Windermere Mercer Island

Last Buyer's Agent

Kyle Moss

COMPASS License #116307

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 909713

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,955

Year Built

  • Built in 1921

Lot Details

  • 5,120 Sq Ft Lot
  • Lot Dimensions are 40' x 127'
  • 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
  • RV Access or Parking

Outdoor Features

  • Patio

Schools

  • Wedgwood Elementary School
  • Eckstein Mid Middle School
  • Roosevelt High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Gibbs Add Condos
  • Ravenna Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / 2
  • Assessor Parcel Number 2754700120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,955

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
  • Building Name: Gibbs Add
  • New Construction: No
  • CalculatedSquareFootage: 3090
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 374

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: 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
  • Parking Features: RV Parking
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Seattle
  • High School: Roosevelt High
  • Middle Or Junior School: Eckstein Mid

Lot Info

  • Parcel Number: 2754700120
  • Lot Size Acres: 0.1175
  • Lot Size: 40' x 127'
  • Lot Size Sq Ft: 5120
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 4

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 4665

Multi Family

  • Gross Scheduled Income: 56940
  • Net Operating Income: 48861
  • Number Of Units Total: 3
  • Electric Expense: 1140
  • Insurance Expense: 984
  • Leasable Area: 3090
  • UnitsInBuildingTotal: 1
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5955

MLS Schools

  • Elementary School: Wedgwood

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: 909713

Northwest Multiple Listing Service (NWMLS)

APN: 275470-0120