Listed by Paragon Real Estate Advisors, Bought with Windermere RE Greenwood
NOT LISTED FOR SALE

Estimated Value: $1,294,000 - $1,386,000

6 Beds
3 Baths
2,720 Sq Ft
$496/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $1,299,500 $478 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,288/month

14 Days on Market

Highlights

  • Wood Siding
  • West Woodland Elementary School Rated A
  • 2-minute walk to Gilman Playground

About This Home

As of October 2021

1 - 875 SF 2BD/1BTH unit, 1 - 925 SF 2BD/1.5BTH unit and 1 - 925 SF 2BD/1BTH unit. Meticulously maintained over the 25 plus years of ownership. Recent improvements include a new roof, new concrete entry stairs, new elevated walkway for the top two units, new back deck, new fence, new exterior paint, enhanced landscaping, and moderate renovations to the units including carpets, bathroom flooring, bathroom vanities, and all new windows. Units are in great condition to capture high market rents in as-is condition. Further rental upside can easily be captured with simple, straightforward cosmetic renovations. The upper back unit is a desirable owner-occupant unit as it is a 2BD/1.5BTH unit with a spacious back deck and backyard.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 08/17/2021

Co-Listed By

Brian Platt

Paragon Real Estate Advisors License #85375

Last Buyer's Agent

David Sligar

Windermere RE Greenwood License #21286

Windermere RE Greenwood

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1825781

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,400

Year Built

  • Built in 1968

Lot Details

  • 5,000 Sq Ft Lot

Home Design

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

Interior Spaces

  • 2,720 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2768301260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,400

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1968
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2720
  • Special Features: None
  • Cumulative Days on Market: 367

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3750

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2768301260
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 7470

Multi Family

  • Gross Scheduled Income: 89640
  • Net Operating Income: 71772
  • Number Of Units Total: 3
  • Insurance Expense: 1529
  • Leasable Area: 2720
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 8400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Oct 5, 2021
Sold by
Stubbs Monika A
Bought by
Janz Cary Lee
Seller's Agent
Michael Urquhart
Paragon Real Estate Advisors
Buyer's Agent
David Sligar
Windermere RE Greenwood
List Price
$1,195,000
Sold Price
$1,299,500
Premium/Discount to List
$104,500
8.74%
Current Estimated Value
$1,349,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,184
Avg. Annual Appreciation
1.94%
Original Mortgage
$975,000
Outstanding Balance
$898,700
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$501,255

Purchase Details

Closed on
Jul 14, 1995
Sold by
Stubbs Bert J
Bought by
Stubbs Monika A

Purchase Details

Closed on
May 3, 1994
Sold by
First Interstate Mtg Company
Bought by
Wright Robert L and Wright Monika A
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
Janz Cary Lee $1,299,500 Old Republic Title Ltd
Stubbs Monika A -- Chicago Title Insurance Co
Wright Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Janz Cary Lee $975,000
Previous Owner Stubbs Monika A $72,600
Previous Owner Stubbs Monica A $63,600
Previous Owner Stubbs Monika S $45,000
Previous Owner Stubbs Monika S $208,000
Previous Owner Stubbs Monika A $20,000
Previous Owner Stubbs Monika A $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $1,299,500 +8.7% $478 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $1,195,000 -- $439 / 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 $11,210 $1,144,000 $1,124,000 $20,000
2023 $10,400 $1,068,000 $1,032,000 $36,000
2022 $10,493 $1,207,600 $974,000 $233,600
2021 $10,421 $1,106,600 $925,000 $181,600
2020 $672 $71,000 $0 $71,000
2018 $2,835 $67,600 $0 $67,600
2017 $3,502 $801,200 $562,000 $239,200
2016 $3,502 $702,400 $492,000 $210,400
2015 $2,836 $44,800 $0 $44,800
2014 -- $552,800 $300,000 $252,800
2013 -- $509,800 $277,000 $232,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1825781

Northwest Multiple Listing Service (NWMLS)

APN: 276830-1260