Listed by COMPASS, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $708,000 - $886,000

4 Beds
2 Baths
1,860 Sq Ft
$443/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $719,000 $387 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,990/month

35 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • High Speed Internet
  • Viewlands Elementary School Rated A-
  • Thermal Windows
  • Property is Fully Fenced

About This Home

As of April 2021

Opportunity knocks! Here's your chance to own this well-maintained, centrally located duplex, with long-term tenants in the heart of Greenwood. Huge, fully-fenced, corner lot with tons of on-street parking plus individual 1-car garages as well as assigned off-street parking spaces. Each unit boasts spacious 2bed, 1bath units w/in-unit W&D. Convenient location, just mins from DT Seattle, Greenlake Park, New Northgate Mall, Future Light Rail Station, Shopping Centers, Bus Stops, I-5, HWY-99, Police, Fire & more. Seriously low rents provide Instant Upside/Income Potential! SF 5000 Zoning provides development opportunities! Buyer to Verify.

Last Agent to Sell the Property

Danan Powell

COMPASS License #20122375 Listed on: 01/16/2021

COMPASS

Last Buyer's Agent

Amy Greenberg

eXp Realty License #11013

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1711235

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,549

Year Built

  • Built in 1951

Lot Details

  • 9,635 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,860 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Elbert Place Add Condos
  • Greenwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2291401135

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,549

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1951
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Elbert Place Add
  • New Construction: No
  • CalculatedSquareFootage: 1860
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: You Deserve It!
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 3230

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2291401135
  • Lot Size Acres: 0.2212
  • Lot Size Sq Ft: 9635
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2300

Multi Family

  • Gross Scheduled Income: 27600
  • Net Operating Income: 17753
  • Number Of Units Total: 2
  • Insurance Expense: 1068
  • Leasable Area: 1860
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5549

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2021
Closed on
Mar 31, 2021
Sold by
Frappia Theresa
Bought by
Frappia Robert Floyd
Seller's Agent
Danan Powell
COMPASS
Buyer's Agent
Amy Greenberg
eXp Realty
List Price
$775,950
Sold Price
$719,000
Premium/Discount to List
-$56,950
-7.34%
Current Estimated Value
$823,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,597
Avg. Annual Appreciation
3.10%
Original Mortgage
$539,250
Outstanding Balance
$490,677
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$332,886

Purchase Details

Closed on
May 7, 2004
Sold by
Seaholm Kathleen
Bought by
Molvik Donald

Purchase Details

Closed on
Jul 23, 2001
Sold by
Ward Michael W and Ward Diane M
Bought by
Molvik Donald and Seaholm Kathleen

Purchase Details

Closed on
Oct 6, 1993
Sold by
Kilburn Jimmy L
Bought by
Ward Michael W and Ward Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
6.94%
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
Frappia Robert Floyd -- First American Title
Molvik Donald -- --
Molvik Donald $262,500 Chicago Title
Ward Michael W $138,800 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frappia Robert Floyd $539,250
Previous Owner Ward Michael W $111,000
Closed Molvik Donald $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2021 04/02/21 Sold $719,000 -4.9% $387 / Sq Ft
02/20/2021 02/20/21 Pending -- -- --
02/09/2021 02/09/21 Price Changed $755,950 -2.6% $406 / Sq Ft
01/16/2021 01/16/21 For Sale $775,950 -- $417 / 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 $7,228 $683,000 $548,000 $135,000
2023 $6,474 $726,000 $725,000 $1,000
2022 $6,201 $691,000 $648,000 $43,000
2021 $5,561 $610,000 $590,000 $20,000
2020 $5,549 $514,000 $492,000 $22,000
2018 $5,952 $540,000 $472,000 $68,000
2017 $4,903 $558,000 $241,000 $317,000
2016 $4,697 $470,000 $203,000 $267,000
2015 $4,064 $442,000 $185,000 $257,000
2014 -- $389,000 $166,000 $223,000
2013 -- $354,000 $151,000 $203,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1711235

Northwest Multiple Listing Service (NWMLS)

APN: 229140-1135