Listed by Lake & Company, Bought with Windermere Real Estate/East
NOT LISTED FOR SALE

Estimated Value: $1,284,000 - $1,520,000

5 Beds
3 Baths
2,360 Sq Ft
$591/Sq Ft Est. Value

Last Sold July 31, 2021

Last sale price $1,265,000 $536 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,489/month

17 Days on Market

Highlights

  • City View
  • Deck
  • Patio
  • Garfield High School Rated A
  • Softwood Flooring
  • 3-minute walk to Firehouse Mini Park

About This Home

As of July 2021

Income producing triplex in fabulous central location. Charming vintage building that has been lovingly maintained through the years, including new roof, new back deck and many new appliances throughout. The character and charm of this building with it's high ceilings, lots of light and spacious rooms is not to be missed! Two units are 2bd/1ba and one 1bd/1ba unit. 2 off street parking spots and shared laundry onsite. Long term Unit A tenants moving in a couple months, so opportunity to increase rent. All rents currently below market value. Close to Swedish, Seattle University, parks, fabulous restaurants, and Downtown. Don't miss this incredible investment opportunity!

Last Agent to Sell the Property

Tara Townsend

Lake & Company License #95161 Listed on: 06/01/2021

Lake & Company

Last Buyer's Agent

Lisa Novak

Windermere Real Estate/East License #123051

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1780809

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,847

Year Built

  • Built in 1908

Lot Details

  • 3,600 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,360 Sq Ft Home
  • 2-Story Property
  • City Views

Flooring

  • Softwood
  • Wall to Wall Carpet

Parking

  • 3 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2255500110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,847

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1908
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2360
  • Special Features: VirtualTour
  • Cumulative Days on Market: 380

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Softwood, Carpet
  • Interior Amenities: Forced Air, Fir/Softwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: City
  • Lot Features: Alley, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 2862

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 2255500110
  • Lot Size Acres: 0.0826
  • Lot Size Sq Ft: 3600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: Realist- Buyer to Verify
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 5867

Multi Family

  • Gross Scheduled Income: 70404
  • Net Operating Income: 53431
  • Number Of Units Total: 3
  • Insurance Expense: 1306
  • Leasable Area: 2500
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 10847

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 28, 2021
Sold by
Bro Shea Llc
Bought by
717 17Th Ave Llc
Seller's Agent
Tara Townsend
Lake & Company
Buyer's Agent
Lisa Novak
Windermere Real Estate/East
List Price
$1,390,000
Sold Price
$1,265,000
Premium/Discount to List
-$125,000
-8.99%
Current Estimated Value
$1,394,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,333
Avg. Annual Appreciation
2.25%
Original Mortgage
$1,012,000
Interest Rate
2.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2019
Sold by
Dunda Kimberly A
Bought by
Bro Shea Llc

Purchase Details

Closed on
Jun 7, 2019
Sold by
Dunda Kimberly A and Dunda Michael D
Bought by
Dunda Kimberly A

Purchase Details

Closed on
Feb 24, 2006
Sold by
Richardson James O
Bought by
Dunda Michael D and Dunda Kim A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,930
Interest Rate
1.5%
Mortgage Type
Fannie Mae Freddie Mac
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
717 17Th Ave Llc $126,500 None Available
Bro Shea Llc -- None Available
Dunda Kimberly A -- None Available
Dunda Michael D $749,900 Fidelity Natio
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 717 17Th Ave Llc $1,264,000
Closed 717 17Th Ave Llc $1,012,000
Previous Owner Dunda Michael D $146,000
Previous Owner Dunda Michael D $524,930
Previous Owner Richardson James O $437,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2021 07/31/21 Sold $1,265,000 -6.3% $536 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/16/2021 06/16/21 Price Changed $1,350,000 -2.9% $572 / Sq Ft
06/01/2021 06/01/21 For Sale $1,390,000 -- $589 / 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 $10,866 $1,108,000 $736,000 $372,000
2023 $10,192 $1,057,000 $736,000 $321,000
2022 $9,684 $1,115,000 $635,000 $480,000
2021 $9,280 $1,034,000 $577,000 $457,000
2020 $10,848 $941,000 $522,000 $419,000
2018 $9,483 $1,137,000 $424,000 $713,000
2017 $7,549 $948,000 $362,000 $586,000
2016 $7,170 $775,000 $302,000 $473,000
2015 $6,245 $719,000 $280,000 $439,000
2014 -- $639,000 $216,000 $423,000
2013 -- $575,000 $204,000 $371,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1780809

Northwest Multiple Listing Service (NWMLS)

APN: 225550-0110