Listed by Coldwell Banker Danforth, Bought with Real Broker LLC
NOT LISTED FOR SALE

7141 Fauntleroy Way SW Seattle, WA 98136

Gatewood Neighborhood

Estimated Value: $680,000 - $1,239,000

3 Beds
3 Baths
28,714 Sq Ft
$37/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $5,400,000 $188 Per Sq Ft

Current estimated payment $6,683/month

77 Days on Market

Highlights

  • 1.06 Acre Lot
  • Views
  • 4-minute walk to Solstice Park
  • Madison Middle School Rated A-
  • Wood Siding

About This Home

As of December 2020

The Kenney Assemblage consists of 8 buildings: 1 fourplex, 5 triplexes & 2 duplexes totalling 23 units. Many possibilities. All units spacious, ranging from studio to 2-bedroom. Garage parking in select units. Value-add opportunity with rents below market. Upside available through rent increase, utility billback, parking fees, etc. Build up for potential Sound views. Steps to Lincoln Park, walk to shopping/retail, near Vashon/Faunt Ferry Term & short commute to D'town Seattle.

Last Agent to Sell the Property

Carrie Pierce-Johnson

Coldwell Banker Danforth License #26811 Listed on: 04/03/2020

Coldwell Banker Danforth

Last Buyer's Agent

Nicole Dankworth

Real Broker LLC License #136860

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1586266

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,316

Year Built

  • Built in 1960

Lot Details

  • 1.06 Acre Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 28,714 Sq Ft Home
  • 2-Story Property
  • Property Views

Parking

  • 25 Parking Spaces
  • 11 Covered Spaces
  • Open Parking

Community Details

  • Lincoln Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9116000040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,316

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1960
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 28714
  • Special Features: None
  • Cumulative Days on Market: 429

Interior Features

  • Possible Use: Multi-Family, See Remarks
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: See Remarks
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Fair
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Covered Parking Spaces: 11
  • Open Parking Spaces: 11
  • Open Parking: Yes
  • Total Parking Spaces: 25
  • ParkingUncoveredSpaces: 11

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Oil
  • PowerCompany: PSE
  • SewerCompany: Seattle PUD
  • WaterCompany: Seattle PUD
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 9116000040
  • Lot Size Acres: 1.0578
  • Lot Size Sq Ft: 46079
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Tax records
  • ZoningClass: Multi-Family,See Remarks

Green Features

  • Power Production Type: Electric, Oil

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2019

Multi Family

  • Number Of Units Total: 6
  • Leasable Area: 28714
  • UnitsInBuildingTotal: 21
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2020
Closed on
Nov 24, 2020
Sold by
Kenney Properties Corp
Bought by
Hatoh Kristian and Leonard Cecilian
Seller's Agent
Carrie Pierce-Johnson
Coldwell Banker Danforth
Buyer's Agent
Nicole Dankworth
Real Broker LLC
List Price
$6,250,000
Sold Price
$5,400,000
Premium/Discount to List
-$850,000
-13.6%
Current Estimated Value
$1,068,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,331,204
Avg. Annual Appreciation
-29.63%
Original Mortgage
$669,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2003
Sold by
Fargher Eileen Bernice
Bought by
Kenney Properties Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2001
Sold by
Massart Helen B
Bought by
Revocable Living Trust Of Helen B Massar
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
Hatoh Kristian -- Old Republic Title Co Ltd
Kenney Properties Corp $373,000 Stewart Title
Revocable Living Trust Of Helen B Massar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatch Kristian $737,000
Closed Hatoh Kristian $669,000
Previous Owner Kenney Property Corporation $21,313,096
Previous Owner Kenney Properties Corp $281,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $5,400,000 -13.6% $188 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
04/03/2020 04/03/20 For Sale $6,250,000 -- $218 / 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 $10,316 $1,018,000 $847,000 $171,000
2023 $10,301 $1,041,000 $783,000 $258,000
2022 $8,938 $1,105,000 $758,000 $347,000
2021 $9,824 $924,000 $698,000 $226,000
2020 $9,649 $977,000 $510,000 $467,000
2018 $9,205 $1,014,000 $509,000 $505,000
2017 $7,990 $901,000 $462,000 $439,000
2016 $7,670 $806,000 $440,000 $366,000
2015 $5,931 $757,000 $414,000 $343,000
2014 -- $592,000 $257,000 $335,000
2013 -- $509,000 $224,000 $285,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1586266

Northwest Multiple Listing Service (NWMLS)

APN: 911600-0040