Listed by Kidder Mathews, Bought with RE/MAX Metro Realty, Inc.
NOT LISTED FOR SALE

714 & 716 N Motor Place Seattle, WA 98103

Fremont Neighborhood

Estimated Value: $841,000 - $907,631

3 Beds
1 Bath
1,470 Sq Ft
$598/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $1,100,000 $748 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $5,397/month

15 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property
  • B.F. Day Elementary School Rated A-

About This Home

As of May 2021

Located in the heart of Seattle's vibrant and walkable Fremont neighborhood, 714 & 716 N Motor Place is a 5000 square foot, LR2-Zoned lot currently containing two occupied single-family homes. The property is exceptionally positioned less than a block from Fremont Avenue's outstanding restaurant, coffee shop, retail and grocery offerings, and roughly a half-mile to Freemont Commercial core. The Fremont Townhouse Site offers a new owner the opportunity to potentially construct four or five luxury townhomes while producing cash flow during the planning and permitting process or to simply buy and home the existing two-unit property for cash flow. Buyer to verify development potential.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 03/25/2021

Last Buyer's Agent

Ron Rubin

RE/MAX Metro Realty, Inc. License #36433

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1747997

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,854

Year Built

  • Built in 1915

Lot Details

  • 5,000 Sq Ft Lot

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,470 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Bf Day Elementary School
  • Hamilton Mid Middle School
  • Lincoln High School

Community Details

  • Fremont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5694001005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,854

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1915
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1470
  • Special Features: None
  • Cumulative Days on Market: 364

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Lincoln High
  • Middle Or Junior School: Hamilton Mid

Lot Info

  • Parcel Number: 5694001005
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 29
  • LeasedItems: None
  • TotalMonthlyIncome: 3120

Multi Family

  • Gross Scheduled Income: 37440
  • Net Operating Income: 26867
  • Number Of Units Total: 2
  • Insurance Expense: 719
  • Leasable Area: 1190
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9854

MLS Schools

  • Elementary School: Bf Day

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2024
Sold by
Modern Home Llc
Bought by
Brewer Jacob Michael and Vordenbaum Meagan Margaret
Current Estimated Value
$879,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$817,000
Outstanding Balance
$808,809
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$52,172

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 7, 2021
Sold by
Countner William J and Countner Janet L
Bought by
Modern Homes Llc
Seller's Agent
Dan Swanson
Kidder Mathews
Buyer's Agent
Ron Rubin
RE/MAX Metro Realty, Inc.
List Price
$1,075,000
Sold Price
$1,100,000
Premium/Discount to List
$25,000
2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.56%
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
Brewer Jacob Michael $860,000 Chicago Title Company Of Washi
Modern Homes Llc $1,100,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brewer Jacob Michael $817,000
Closed Gasvoda Jeffrey $619,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2021 05/10/21 Sold $1,100,000 +2.3% $748 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $1,075,000 -- $731 / 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 $7,279 $764,000 $343,000 $421,000
2023 $11,746 $758,000 $338,000 $420,000
2022 $11,157 $1,362,000 $1,361,000 $1,000
2021 $9,854 $1,190,000 $1,189,000 $1,000
2020 $9,814 $992,000 $991,000 $1,000
2018 $6,986 $762,000 $680,000 $82,000
2017 $6,086 $679,000 $605,000 $74,000
2016 $5,762 $610,000 $543,000 $67,000
2015 $5,121 $565,000 $502,000 $63,000
2014 -- $513,000 $455,000 $58,000
2013 -- $451,000 $400,000 $51,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1747997

Northwest Multiple Listing Service (NWMLS)

APN: 569400-1005