Listed by Westlake Associates, Inc., Bought with Paragon Real Estate Advisors
NOT LISTED FOR SALE
5 Beds
6 Baths
5,562 Sq Ft
5,001 Sq Ft Lot

Sale Details

Date Sold: May 28, 2014

Last sale price $1,626,000 $292 Per Sq Ft

6 Days on Market

About This Home

As of May 2014

10 units each has either a patio or deck and washer and dryer hook-ups. The building provides secure access, double pane windows, and is fire sprinklered. Mechanical systems include copper plumber, electrical breaker system for each unit and the roof is silver coated with a torch-down roofing system. The current owner has not been aggressive on his rents and does not charge for parking or utilities thus allowing a new owner the opportunity to maximize the potential return on this property.

Last Agent to Sell the Property

David Petersen

Westlake Associates, Inc. License #7352 Listed on: 03/20/2014

Last Buyer's Agent

Peter Larsen

Paragon Real Estate Advisors License #23639

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 607465

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,180

Year Built

  • Built in 1987

Lot Details

  • 5,000 Sq Ft Lot

Parking

  • 10 Covered Spaces

Home Design

  • Bitumen Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 5,562 Sq Ft Home
  • 3-Story Property

Community Details

  • Fremont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5694000690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,180

Year Built

Built in 1987

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1987
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5562
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Torch Down
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 10
  • Open Parking: No
  • Total Parking Spaces: 10

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5694000690
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 9080

Tax Info

  • Year: 2014
  • Tax Annual Amount: 13180

Multi Family

  • Number Of Units Total: 10
  • UnitsBelowGrade: false
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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 List to Sale Price per Sq Ft
05/28/2014 05/28/14 Sold $1,626,000 +8.8% $292 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $1,495,000 -- $269 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $22,275 $2,321,000 $1,100,000 $1,221,000
2023 $24,233 $2,582,000 $1,075,000 $1,507,000
2022 $23,552 $2,693,000 $1,075,000 $1,618,000
2021 $24,224 $2,581,000 $1,075,000 $1,506,000
2020 $23,563 $2,525,000 $1,025,000 $1,500,000
2018 $20,302 $2,298,000 $775,000 $1,523,000
2017 $17,625 $2,063,000 $650,000 $1,413,000
2016 $15,088 $1,849,000 $600,000 $1,249,000
2015 $13,738 $1,540,000 $525,000 $1,015,000
2014 -- $1,434,000 $450,000 $984,000
2013 -- $1,282,000 $400,000 $882,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 607465

Northwest Multiple Listing Service (NWMLS)
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