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

Estimated Value: $1,418,000 - $1,450,721

Studio
-- Bath
3,102 Sq Ft
$462/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2024

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

Est. 8% decrease in value since last sale

Current estimated payment $9,105 / mo

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

  • 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
  • Structure Type: Quadruplex
  • 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
May 8, 2024
Sold by
Bought by
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
$1,434,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$120,639
Avg. Annual Appreciation
-3.65%
Original Mortgage
$933,000
Interest Rate
0.0738%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
0.0406%

Purchase Details

Closed on
Aug 10, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 23, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 2006
Sold by
Bought by

Purchase Details

Closed on
Oct 25, 2000
Sold by
Bought by

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
0.0789%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,555,000 Stewart Title
-- Accommodation
-- Accommodation
-- Pacific Nw Tit
-- Accommodation
$469,062 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $933,000
Previous Owner $623,569
Previous Owner $516,000
Previous Owner $541,000
Previous Owner $438,000
Previous Owner $410,375
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $15,481 $1,467,000 $1,440,000 $27,000
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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