NOT LISTED FOR SALE

Estimated Value: $1,291,459 - $1,465,000

4 Beds
4 Baths
3,050 Sq Ft
$453/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $1,300,000 $426 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,566/month

4 Days on Market

Highlights

  • Rooftop Deck
  • Wood Flooring
  • Wood Siding
  • Garfield High School Rated A
  • Property is Fully Fenced
  • 5-minute walk to Tashkent Park

About This Home

As of April 2021

Well-maintained 4 unit in the heart of Seattle’s highly sought-after Capitol Hill neighborhood. The property consists of a 2B/1B, two 1B/1B, and a non-conforming studio. The LR3 zoning allows for the studio unit to be legalized and the lot has long-term redevelopment potential. Gross Monthly Income: $6,560 (Rental Income $6,250 + Laundry Inc. $50 + Utility Bill Back $260). The fully occupied building is at 5.01% cap on current and trending towards over a 6% cap rate w/ light updates. Off-street parking & commuting is a dream - only 5 blocks from the Cap Hill LightRail Station!

Last Agent to Sell the Property

Ethan Szmania

The Foundation Group LLC License #125178 Listed on: 03/15/2021

Co-Listed By

Matthew Miller

The Foundation Group LLC License #138877

Last Buyer's Agent

Mark Hanses

Windermere RE/Capitol Hill,Inc License #17346

Windermere RE/Capitol Hill,Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1742585

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,791

Year Built

  • Built in 1906

Lot Details

  • 3,500 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,050 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Rooftop Deck

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9831200360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,791

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1906
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3050
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 318

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Forced Air, Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • 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
  • Security: PartiallyFenced
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 3354

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9831200360
  • Lot Size Acres: 0.0803
  • Lot Size Sq Ft: 3500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Rooftop Deck
  • MLSLotSizeSource: King Co. Parcel Viewer
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 6560

Multi Family

  • Gross Scheduled Income: 78720
  • Net Operating Income: 60169
  • Number Of Units Total: 4
  • Electric Expense: 1605
  • Insurance Expense: 1801
  • Leasable Area: 2750
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 11791

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 23, 2021
Sold by
Kester Barbara J
Bought by
Teply Stephen G and Hanses Mark T
Seller's Agent
Ethan Szmania
The Foundation Group LLC
Buyer's Agent
Mark Hanses
Windermere RE/Capitol Hill,Inc
List Price
$1,200,000
Sold Price
$1,300,000
Premium/Discount to List
$100,000
8.33%
Current Estimated Value
$1,381,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,820
Avg. Annual Appreciation
1.46%
Original Mortgage
$975,000
Outstanding Balance
$892,297
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$489,523

Purchase Details

Closed on
Aug 25, 1995
Sold by
Thompson Albert R
Bought by
Kester Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,750
Interest Rate
7.63%

Purchase Details

Closed on
Mar 23, 1995
Sold by
Trans Columbia Corp
Bought by
Curtis Lang Custom Homes
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
Teply Stephen G $1,300,000 Fidelity National Title
Hanses Mark T -- Fidelity National Title
Kester Barbara J $277,500 First American Title
Curtis Lang Custom Homes $77,900 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teply Stephen G $975,000
Previous Owner Kester Barbara J $490,000
Previous Owner Kester Barbara J $367,000
Previous Owner Kester Barbara J $249,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2021 04/26/21 Sold $1,300,000 +8.3% $426 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $1,200,000 -- $393 / 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 $11,207 $1,164,000 $960,000 $204,000
2023 $13,151 $1,101,000 $915,000 $186,000
2022 $12,315 $1,566,000 $1,057,000 $509,000
2021 $11,791 $1,348,000 $910,000 $438,000
2020 $12,025 $1,225,000 $853,000 $372,000
2018 $10,773 $1,261,000 $877,000 $384,000
2017 $8,700 $1,094,000 $768,000 $326,000
2016 $8,143 $910,000 $487,000 $423,000
2015 $7,005 $831,000 $442,000 $389,000
2014 -- $730,000 $369,000 $361,000
2013 -- $763,000 $352,000 $411,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1742585

Northwest Multiple Listing Service (NWMLS)

APN: 983120-0360