Listed by Windermere RE Greenwood, Bought with Madison Avenue Realty
NOT LISTED FOR SALE

719 Federal Ave E Unit A-D Seattle, WA 98102

Capitol Hill Neighborhood

Estimated Value: $1,596,670 - $2,049,000

5 Beds
6 Baths
3,810 Sq Ft
$480/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $1,500,000 $394 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $11,629/month

17 Days on Market

Highlights

  • Wood Flooring
  • Property is near a preserve or public land
  • Mini Split Air Conditioners
  • Garfield High School Rated A
  • Wood Siding
  • 4-minute walk to Broadway Hill Park

About This Home

As of September 2020

Capitol Hill 4-Plex on level lot, next door to Lowell Elementary and near Light Rail Station has WalkScore 92, TransitScore 77. The property is surrounded by turn of the century architecture and 1 block off Broadway's shopping, restaurants and conveniences. Zoned LR3, incredible upside investment. Buy and Develop, Owner Occupy, 1041 Exchange. All units have private entrances, A&B have own washer/dryer, C&D share. Unit-D was AirBnB, now vacant. 2-off-street parking spaces. Cap Rate approx 3.3%.

Last Agent to Sell the Property

Jack Malek

Windermere RE Greenwood License #26640 Listed on: 05/14/2020

Windermere RE Greenwood

Co-Listed By

Heidi King

Windermere RE Greenwood License #27525

Last Buyer's Agent

Vijya Patel

Madison Avenue Realty License #9543

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1601553

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,069

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 3,810 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Lowell Elementary School
  • Garfield High School

Utilities

  • Mini Split Air Conditioners
  • Natural Gas Connected

Community Details

  • Furths Add Plat Condos
  • Capitol Hill Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Legal Lot and Block 17 / 5
  • Assessor Parcel Number 2663000495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,069

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1920
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: FURTHS ADD PLAT
  • New Construction: No
  • CalculatedSquareFootage: 3810
  • Special Features: None
  • Cumulative Days on Market: 367

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition, Torch Down
  • Lot Features: Adjacent to Public Land, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light / PSE
  • SewerCompany: SPUD
  • WaterCompany: SPUD
  • WaterSewerGarbage: 7407

Schools

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

Lot Info

  • Parcel Number: 2663000495
  • Lot Size Acres: 0.0918
  • Lot Size Sq Ft: 4000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Tax Records
  • ZoningJurisdiction: City
  • LotNumber: 17

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 4838

Multi Family

  • Gross Scheduled Income: 78777
  • Net Operating Income: 49729
  • Number Of Units Total: 4
  • Insurance Expense: 1627
  • Leasable Area: 3810
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 17069

MLS Schools

  • Elementary School: Lowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Aug 28, 2020
Sold by
Oliver David M and Oliver Joanna D
Bought by
719 Federal Ave E Llc
Seller's Agent
Jack Malek
Windermere RE Greenwood
Buyer's Agent
Vijya Patel
Madison Avenue Realty
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%
Current Estimated Value
$1,828,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,223
Avg. Annual Appreciation
4.16%
Original Mortgage
$1,100,000
Outstanding Balance
$988,852
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$847,102

Purchase Details

Closed on
Apr 20, 2016
Sold by
Jenkins Vonnie
Bought by
Oliver David M and Oliver Joanna D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2014
Sold by
Kathleen Broding Living Trust and Jenkins Vonnie
Bought by
Vonnie Jenkins Living Trust and Vickie Brodine Living Trust

Purchase Details

Closed on
Aug 25, 1998
Sold by
Cunningham Juliet
Bought by
Brodine Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 26, 1996
Sold by
Cunningham Charles E and Cunningham Juliet
Bought by
Cunningham Juliet
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
719 Federal Ave E Llc $1,500,000 Chicago Title
Oliver David M $1,250,000 Ticor National
Vonnie Jenkins Living Trust -- None Available
Brodine Kathleen $300,000 Fidelity National Title
Cunningham Juliet -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 719 Federal Ave E Llc $1,100,000
Previous Owner Oliver David M $937,500
Previous Owner Brodine Kathleen $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $1,500,000 -3.2% $394 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $1,550,000 -- $407 / 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 $20,002 $2,113,000 $1,780,000 $333,000
2023 $18,624 $1,999,000 $1,696,000 $303,000
2022 $17,810 $2,281,000 $1,519,000 $762,000
2021 $18,474 $1,964,000 $1,308,000 $656,000
2020 $18,858 $1,937,000 $1,226,000 $711,000
2018 $17,069 $1,996,000 $1,260,000 $736,000
2017 $14,306 $1,748,000 $1,104,000 $644,000
2016 $13,333 $1,512,000 $906,000 $606,000
2015 $11,391 $1,374,000 $823,000 $551,000
2014 -- $1,199,000 $686,000 $513,000
2013 -- $1,126,000 $654,000 $472,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1601553

Northwest Multiple Listing Service (NWMLS)

APN: 266300-0495