Listed by Paragon Real Estate Advisors, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $1,467,038 - $1,677,000

Studio
-- Bath
3,102 Sq Ft
$499/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $1,555,000 $501 Per Sq Ft

Current estimated payment $9,399/month

10 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 5-minute walk to Ward Springs Park
  • John Hay Elementary School Rated A

About This Home

As of May 2024

Attractive and well-maintained fourplex located at the edge of downtown in Queen Anne. Each unit has a living room, dining area and covered outdoor deck or patio area. The property has two tandem parking spaces as well as a one-car garage. A common laundry with owned equipment is shared amongst the four units. Currently all units are fully furnished. Currently 3 units are vacant and 1 unit is on a short term lease. This opportunity offers multiple avenues for an investor to achieve a substantial return. Great owner/user opportunity or a new owner could elect to continue to run as short term rentals and achieve above market rents.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 03/19/2024

Co-Listed By

Ben Douglas

Paragon Real Estate Advisors License #22013305

Last Buyer's Agent

Allen Lu

COMPASS License #131083

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2212285

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,870

Year Built

  • Built in 1907

Lot Details

  • 4,800

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete

Interior Spaces

  • 3,102 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Additional Features

  • 4,800 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5458300560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,870

Year Built

Built in 1907

Lot Details

4,800 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1907
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3102
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5458300560
  • Lot Size Acres: 0.1102
  • Lot Size Sq Ft: 4800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.4
  • LeasedItems: None
  • TotalMonthlyIncome: 8630

Tax Info

  • Year: 2023
  • Tax Annual Amount: 13870

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 750
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
May 8, 2024
Sold by
Seattle Center Suites Llc
Bought by
Lu Yueh-Chuan and Huang Fang-Wei
Seller's Agent
Cathy Jeney
Paragon Real Estate Advisors
Buyer's Agent
Allen Lu
COMPASS
List Price
$1,595,000
Sold Price
$1,555,000
Premium/Discount to List
-$40,000
-2.51%
Views
27
Current Estimated Value
$1,549,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,987
Avg. Annual Appreciation
-0.21%
Original Mortgage
$933,000
Outstanding Balance
$920,331
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$628,682

Purchase Details

Closed on
Dec 8, 2011
Sold by
Arnold Lorna
Bought by
Seattle Center Suites Llc

Purchase Details

Closed on
Aug 10, 2011
Sold by
Seattle Center Suites Llc
Bought by
Arnold Lorna

Purchase Details

Closed on
Jun 23, 2008
Sold by
Arnold Lorna M
Bought by
Seattle Center Suites Llc

Purchase Details

Closed on
Mar 14, 2006
Sold by
Arnold Lorna
Bought by
Arnold Lorna M and Lorna M Arnold Living Trust

Purchase Details

Closed on
Oct 25, 2000
Sold by
Johnson Minola
Bought by
Arnold Lorna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,375
Interest Rate
7.89%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lu Yueh-Chuan $1,555,000 Stewart Title
Seattle Center Suites Llc -- Accommodation
Arnold Lorna -- Accommodation
Seattle Center Suites Llc -- Pacific Nw Tit
Arnold Lorna M -- Accommodation
Arnold Lorna $469,062 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Yueh-Chuan $933,000
Previous Owner Arnold Lorna $410,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2024 05/14/24 Sold $1,555,000 -2.5% $501 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $1,595,000 -- $514 / 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 $14,148 $1,441,000 $1,440,000 $1,000
2023 $11,623 $1,441,000 $1,440,000 $1,000
2022 $12,397 $1,336,000 $1,320,000 $16,000
2021 $14,326 $1,321,000 $1,320,000 $1,000
2020 $13,818 $1,465,000 $1,320,000 $145,000
2018 $12,018 $1,297,000 $1,080,000 $217,000
2017 $10,317 $1,199,000 $792,000 $407,000
2016 $8,633 $1,061,000 $720,000 $341,000
2015 -- $873,000 $552,000 $321,000
2014 -- $775,000 $528,000 $247,000
2013 -- $765,000 $504,000 $261,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2212285

Northwest Multiple Listing Service (NWMLS)

APN: 545830-0560

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