Listed by Lee & Associates Commercial RE, Bought with Real Property Associates, Inc.
NOT LISTED FOR SALE
-- Beds
-- Baths
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, Inc. License #23931

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1917224

Northwest Multiple Listing Service (NWMLS)
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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
  • Structure Type: Multi Family
  • 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

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

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
Apr 18, 2022
Closed on
Jul 14, 2022
Sold by
Norling Nancy J
Bought by
Seller's Agent
Chris Larsen
Lee & Associates Commercial RE
Buyer's Agent
Michael Nelson
Real Property Associates, Inc.
List Price
$1,895,000
Sold Price
$1,905,000
Premium/Discount to List
$10,000
0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,088,500
Outstanding Balance
$1,029,057
Interest Rate
5.78%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,905,000 None Listed On Document
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 $1,088,500
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
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

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 $742 $7,659 $988 $6,671
2024 $379 $7,659 $988 $6,671
2023 $378 $7,489 $1,059 $6,430
2022 $701 $7,073 $1,098 $5,975
2021 $650 $7,277 $1,130 $6,147
2020 $653 $7,394 $1,130 $6,264
2019 $661 $8,232 $1,258 $6,974
2018 $596 $8,232 $1,258 $6,974
2017 $613 $7,453 $1,258 $6,195
2016 $687 $7,567 $1,258 $6,309
2015 -- $7,567 $1,258 $6,309
2014 -- $33,050 $11,491 $21,559
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1917224

Northwest Multiple Listing Service (NWMLS)
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