Listed by Capstone Commercial
NOT LISTED FOR SALE
-- Bed
-- Bath
4,806 Sq Ft
5,400 Sq Ft Lot

Last Sold February 09, 2022

Last sale price $2,355,000 $490 Per Sq Ft

9 Days on Market

Highlights

  • Corner Lot
  • Ceramic Tile Flooring
  • 5-minute walk to Soundview Terrace
  • Coe Elementary School Rated A
  • Wood Siding

About This Home

As of February 2022

Located on a corner lot, the subject property is a timeless mid-century walk-up style building comprised of 8 one-bedroom units. The building has had several updates including a newer roof, double-pane windows and copper plumbing. The units all have similar floor plans with kitchens that flow effortlessly into spacious dining areas and generously sized living rooms. Most of the units have wall to wall carpet covering the original oak flooring adding to the ease of incremental improvements at turnover. The laundry room and storage have direct level access from the parking lot which could be renovated to add an additional apartment unit, buyer to verify. 1 unit has been renovated with new kitchen cabinets, vinyl plank floors & modern lights

Last Agent to Sell the Property

Ian Brown

Capstone Commercial License #48896 Listed on: 11/22/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1866971

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,877

Year Built

  • Built in 1957

Lot Details

  • 5,400 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 4,806 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7011200585

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,877

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1957
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4806
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Available
  • Heating Yn: Yes
  • Utilities: Electric
  • WaterSewerGarbage: 7945

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7011200585
  • Lot Size Acres: 0.124
  • Lot Size Sq Ft: 5400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 10915

Multi Family

  • Gross Scheduled Income: 130980
  • Net Operating Income: 90229
  • Number Of Units Total: 8
  • Insurance Expense: 2100
  • Leasable Area: 4806
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 21877

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $2,355,000 +0.2% $490 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
11/22/2021 11/22/21 For Sale $2,350,000 -- $489 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1866971

Northwest Multiple Listing Service (NWMLS)