NOT LISTED FOR SALE
Studio
-- Bath
11,813 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: June 8, 2012

Last sale price $3,850,000 $326 Per Sq Ft

56 Days on Market

Highlights

  • Views of a Sound
  • Wall to Wall Carpet
  • 3-minute walk to Tashkent Park
  • Garfield High School Rated A

About This Home

As of June 2012

In 2011 the property underwent a complete reconstruction from the inside out. Everything except the framing has been replaced and is brand new. All 2 bed/2 bath West facing units, private balconies with sweeping views of Lake Union and the Olympics, spanning from downtown to Gasworks Park. Units include washer-dryers and granite-topped kitchen island. All utilities are individually metered and tenant paid. There are 10 storage units along with 11 parking spaces that are not being charged for.

Last Agent to Sell the Property

Patrick Ashman

Urban Commercial Partners, LLC License #52365 Listed on: 02/15/2012

Last Buyer's Agent

TC Wu

WPI Real Estate Services, Inc. License #18933

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM320833

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 6,534

Property Views

  • Views of a Sound
  • Lake
  • City
  • Canal
  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Cement Board or Planked
  • Vinyl Construction Material

Flooring

  • Wall to Wall Carpet
  • Laminate

Additional Features

  • 4-Story Property
  • Septic System

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 2163900230

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Style: 10+ Units
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floor Covering: Laminate Hardwood, Wall To Wall Carpet
  • Approved Number of Bedrooms: 20
  • Estimated Sq Ft: 11813

Exterior Features

  • Exterior: Cement Planked, Cement/Concrete, Metal/Vinyl
  • Foundation: Poured Concrete
  • Roof: Torch Down
  • View: Canal, City, Lake, Mountain, Sound, Territorial

Garage/Parking

  • Numberof Carport Spaces: 7
  • Numberof Garage Spaces: 7
  • Numberof Uncovered Spaces: 4
  • Total Numberof Parking Spaces: 11

Utilities

  • Electrical Expenses: 1440
  • Water/Sewer/Garbage: 9536
  • Heating And Cooling: Forced Air
  • Sewer: Septic

Condo/Co-op/Association

  • Numberof Units in Building: 10
  • Amenities: Fire Sprinklers, Thermal Windows

Schools

  • School District: SEA

Lot Info

  • General Zoning Classification: Multi-Family
  • Lot Sq Ft: 6420
  • Parcel Number: 2163900230

Multi Family

  • Gross Adjusted Income: 247548
  • Gross Rent Multiplier: 17
  • Insurance Expenses: 2400
  • Other Expenses: 10440
  • Total Expenses: 41474
  • Total Monthly Income: 2105
  • Total Expenses: 41474
  • Vacancy Rate: 2

Tax Info

  • Tax Amount: 17658

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2012
Sold by
Bought by

Purchase Details

Listed on
Feb 15, 2012
Closed on
May 25, 2012
Sold by
Bought by
Seller's Agent
Patrick Ashman
Urban Commercial Partners, LLC
Buyer's Agent
TC Wu
WPI Real Estate Services, Inc.
List Price
$4,250,000
Sold Price
$3,850,000
Premium/Discount to List
-$400,000
-9.41%

Purchase Details

Closed on
Oct 1, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2009
Sold by
Bought by

Purchase Details

Closed on
May 15, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 29, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,617,600
Interest Rate
6.35%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 1, 1992
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$263,000 Cw Title Co
$3,840,000 Wfg National Title Company
-- Old Republic T
-- Old Republic T
-- None Available
$2,200,000 None Available
-- None Available
$2,548,000 Old Republic T
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,100,000
Previous Owner $1,670,000
Previous Owner $3,617,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/08/2012 06/08/12 Sold $3,850,000 -9.4% $326 / Sq Ft
04/12/2012 04/12/12 Pending -- -- --
02/15/2012 02/15/12 For Sale $4,250,000 -- $360 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $38,262 $3,709,000 $1,926,000 $1,783,000
2024 $39,526 $4,146,000 $2,054,400 $2,091,600
2023 $39,272 $4,263,000 $2,054,400 $2,208,600
2022 $40,538 $4,686,000 $1,572,900 $3,113,100
2021 $43,662 $4,460,000 $1,572,900 $2,887,100
2020 $38,121 $4,573,000 $1,861,800 $2,711,200
2018 $35,273 $3,866,000 $1,284,000 $2,582,000
2017 $33,484 $3,597,000 $1,284,000 $2,313,000
2016 $30,308 $3,534,000 $770,400 $2,763,600
2015 $22,215 $3,146,000 $706,200 $2,439,800
2014 -- $2,350,000 $706,200 $1,643,800
2013 -- $2,500,000 $706,200 $1,793,800
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM320833

Northwest Multiple Listing Service (NWMLS)
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