Listed by Lee & Associates Commercial RE, Bought with Real Property Associates
NOT LISTED FOR SALE
-- Bed
-- Bath
4,080 Sq Ft
6,720 Sq Ft Lot

Sale Details

Date Sold: July 27, 2022

Last sale price $1,905,000 $467 Per Sq Ft

22 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 2-minute walk to Ward Springs Park
  • John Hay Elementary School Rated A
  • Wall to Wall Carpet

About This Home

As of July 2022

The Lee & Associates | Northwest Multifamily Team is pleased to present the 822 3rd Ave N, a 7-unit building situated on the south slope of Queen Anne. The building sits on a 6,720 SF lot zoned LR3 (M). This central location is a mere two blocks from the Seattle Center, placing tenants within steps of the vibrant, amenity filled Uptown District. South Lake Union and Seattle’s CBD also within an easy reach. Constructed in 1956, the building has been well maintained with improvements including a new roof in 2021, updated electrical panels and updated hot water systems. 822 3rd Ave N provides investors with the rare opportunity to acquire on the south slope of Queen Anne and realize significant rental upside.

Last Agent to Sell the Property

Chris Larsen

Lee & Associates Commercial RE License #21016669 Listed on: 04/18/2022

Co-Listed By

Daniel Lim

Lee & Associates Commercial RE License #131121

Last Buyer's Agent

Michael Nelson

Real Property Associates License #23931

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1917224

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,345

Year Built

  • Built in 1956

Lot Details

  • 6,720 Sq Ft Lot
  • Corner Lot

Parking

  • Open Parking

Home Design

  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 4,080 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet

Community Details

  • No Home Owners Association
  • 822 3Rd Ave Condos
  • Queen Anne Subdivision

Listing and Financial Details

  • Legal Lot and Block 5-6 / 27
  • Assessor Parcel Number 5457800505

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,345

Year Built

Built in 1956

Lot Details

6,720 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1956
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: 822 3rd Ave
  • New Construction: No
  • CalculatedSquareFootage: 4080
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Built-Up
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • SewerCompany: Public
  • WaterCompany: Water District

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5457800505
  • Lot Size Acres: 0.1543
  • Lot Size: 6720
  • Lot Size Sq Ft: 6720
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 5-6

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19.6
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 8166

Tax Info

  • Year: 2022
  • Tax Annual Amount: 17345

Multi Family

  • Number Of Units Total: 7
  • EnergySource: Electric
  • 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
07/27/2022 07/27/22 Sold $1,905,000 +0.5% $467 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $1,895,000 -- $464 / 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 $19,795 $2,017,000 $2,016,000 $1,000
2023 $17,334 $2,017,000 $2,016,000 $1,000
2022 $17,345 $2,002,000 $1,848,000 $154,000
2021 $19,286 $1,849,000 $1,848,000 $1,000
2020 $18,423 $1,969,000 $1,848,000 $121,000
2018 $16,480 $1,683,000 $1,512,000 $171,000
2017 $15,285 $1,643,000 $1,108,800 $534,200
2016 $12,762 $1,577,000 $1,008,000 $569,000
2015 -- $1,294,000 $772,800 $521,200
2014 -- $1,100,000 $772,800 $327,200
2013 -- $1,000,000 $739,200 $260,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1917224

Northwest Multiple Listing Service (NWMLS)
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