Listed by Paragon Real Estate Advisors, Bought with Flyhomes
$1,285,000
SOLD JUN 14, 2017
-- Bed
-- Bath
2,400 Sq Ft
2,064 Sq Ft Lot

Recently Sold

$535 Per Sq Ft

7% Above List Price

11 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 2-minute walk to Ward Springs Park
  • John Hay Elementary School Rated A

About This Home

As of June 2021

Phenomenally located turn-key fourplex with views of downtown and the Space Needle. Value-add and rent upside opportunity. Each 1 bd/1 bth unit has its own floor for privacy and noise reduction and an excellent open floorplan. Each unit has a washer and dryer, complete appliance package with dishwasher. Common shared entertainment deck between 2nd and 3rd floors. Private patio and on-site parking for 2. See marketing package for additional information.

Last Agent to Sell the Property

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 04/28/2017

Co-Listed By

Nick Hemming

Paragon Real Estate Advisors License #120684

Last Buyer's Agent

Tushar Garg

Flyhomes License #121462

Flyhomes

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1114742

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,772

Year Built

  • Built in 1986

Lot Details

  • 2,064 Sq Ft Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,400 Sq Ft Home
  • 4-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5457800490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,772

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1986
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2400
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 284

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5149

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5457800490
  • Lot Size Acres: 0.0474
  • Lot Size Sq Ft: 2064
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Landvision
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 5460

Multi Family

  • Gross Scheduled Income: 65520
  • Net Operating Income: 43228
  • Number Of Units Total: 4
  • Insurance Expense: 2050
  • Leasable Area: 2400
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 9772

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2021
Closed on
Jun 4, 2021
Sold by
Hadzaad Navid
Bought by
Friedman Ben and Sweeney Nicole
Seller's Agent
Stephen Kennedy
COMPASS
Buyer's Agent
Tyler Kirages
Keller Williams Seattle Metro
List Price
$1,379,950
Sold Price
$1,335,000
Premium/Discount to List
-$44,950
-3.26%
Total Days on Market
11
Current Estimated Value
$1,415,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,984
Avg. Annual Appreciation
3.31%
Original Mortgage
$1,235,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 28, 2017
Closed on
Jun 13, 2017
Sold by
Rodes Peter and Schreiber Sue A
Bought by
Hadzaad Navid
Seller's Agent
Ryan Iles
Paragon Real Estate Advisors
Buyer's Agent
Tushar Garg
Flyhomes
List Price
$1,200,000
Sold Price
$1,285,000
Premium/Discount to List
$85,000
7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.96%
Original Mortgage
$897,405
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 2, 2004
Sold by
Pinneo Gregory and Pinneo Shauna J
Bought by
Rodes Peter and Schreiber Sue A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
1.37%

Purchase Details

Closed on
Oct 5, 1999
Sold by
Pinneo Gregory
Bought by
Pinneo Gregory and Pinneo Shauna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
7.76%

Purchase Details

Closed on
Aug 28, 1995
Sold by
Pinneo Bethlyn J
Bought by
Pinneo Gregory

Purchase Details

Closed on
Jan 1, 1992
Sold by
Michel Robin W and Michel Karen E
Bought by
Pinneo Gregory M and Pinneo Bethlyn J
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,335,000 Endpoint Closing
Warranty Deed $1,285,000 Fidelity Natio
Warranty Deed $714,200 Old Republic T
Warranty Deed -- Old Republic Title Ltd
Warranty Deed -- Evergreen Title Company Inc
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,253,253 New Conventional
Closed $1,235,000 Purchase Money Mortgage
Previous Owner $897,405 Adjustable Rate Mortgage/ARM
Previous Owner $71,000 No Value Available
Previous Owner $572,000 No Value Available
Previous Owner $396,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2021 06/10/21 Sold $1,335,000 -3.3% $560 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/08/2021 05/08/21 For Sale $1,379,950 +7.4% $579 / Sq Ft
06/14/2017 06/14/17 Sold $1,285,000 +7.1% $535 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $1,200,000 -- $500 / 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 $10,484 $1,107,000 $619,200 $487,800
2023 $10,625 $1,327,000 $619,200 $707,800
2022 $8,736 $1,276,000 $567,600 $708,400
2021 $12,637 $961,000 $567,600 $393,400
2020 $12,153 $1,332,000 $567,600 $764,400
2018 $10,181 $1,153,000 $464,400 $688,600
2017 $9,772 $1,045,000 $340,500 $704,500
2016 $7,975 $1,038,000 $309,600 $728,400
2015 -- $824,000 $237,300 $586,700
2014 -- $725,000 $237,300 $487,700
2013 -- $700,000 $227,000 $473,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1114742

Northwest Multiple Listing Service (NWMLS)

APN: 545780-0490