Listed by Windermere Real Estate/East, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,438,000 - $1,523,396

7 Beds
4 Baths
3,540 Sq Ft
$414/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $1,350,000 $381 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,715/month

90 Days on Market

Highlights

  • Territorial View
  • Wood Flooring
  • High Speed Internet
  • Whittier Elementary School Rated A-
  • Thermal Windows
  • Partially Fenced Property

About This Home

As of November 2021

Investor alert! Solid & well-maintained Fourplex in the heart of Greenwood with too many upgrades to count. Sellers maintained building with the potential intent of living there one day. All new vinyl windows throughout (2020). New roof & re-built chimney (2016). New electrical panels (2015). 10 year old copper piping with the ability to meter separately. Freshly painted. Lower 2 bdrm has new flooring and countertops (2020). Sand-stone insulation between units 857 & 853. Four off-street parking spots. 86 walk-score w/ nearby shops & restaurants. Access to multiple bus lines & an easy commute to downtown. Potential to add another unit over parking area? Buyer to verify. Zoned NC-155 which allows for future commercial development.

Last Agent to Sell the Property

Eva Croasdale

Windermere Real Estate/East License #123376 Listed on: 06/24/2021

Windermere Real Estate/East

Last Buyer's Agent

John Lange

Skyline Properties, Inc. License #25684

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1796871

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,068

Year Built

  • Built in 1955

Lot Details

  • 4,750 Sq Ft Lot
  • Lot Dimensions are 47 x 100
  • Partially Fenced Property
  • Value in Land
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,540 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wood
  • Laminate
  • Vinyl Plank

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Whitman Mid Middle School
  • Ballard High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Greenwood Park Annex Condos
  • Greenwood Subdivision

Listing and Financial Details

  • Legal Lot and Block 37, 38, 39, 40 / 2
  • Assessor Parcel Number 2922700316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,068

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1955
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Greenwood Park Annex
  • New Construction: No
  • CalculatedSquareFootage: 3540
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.5
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl Plank
  • Interior Amenities: Hardwood, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • WaterSewerGarbage: 1000

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Whitman Mid

Lot Info

  • Parcel Number: 2922700316
  • Lot Size Acres: 0.109
  • Lot Size: 47 x 100
  • Lot Size Sq Ft: 4750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family
  • LotNumber: 37, 38, 39, 40

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 6900

Multi Family

  • Gross Scheduled Income: 81972
  • Net Operating Income: 70387
  • Number Of Units Total: 4
  • Electric Expense: 1118
  • Insurance Expense: 1227
  • Leasable Area: 3100
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 1

Tax Info

  • Year: 2020
  • Tax Annual Amount: 9068

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Dec 8, 2021
Sold by
Mahendru and Lin
Bought by
Jinse Real Estate Investments Llc
Seller's Agent
Eva Croasdale
Windermere Real Estate/East
Buyer's Agent
John Lange
Skyline Properties, Inc.
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
Current Estimated Value
$1,467,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,099
Avg. Annual Appreciation
2.13%
Original Mortgage
$1,012,500
Outstanding Balance
$926,355
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$540,744

Purchase Details

Listed on
Jun 24, 2021
Closed on
Oct 29, 2021
Sold by
Kan Kingsley and Kan Treesia K
Bought by
Mahendru Manish and Su Liu
Seller's Agent
Eva Croasdale
Windermere Real Estate/East
Buyer's Agent
John Lange
Skyline Properties, Inc.
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Outstanding Balance
$926,355
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$540,744

Purchase Details

Closed on
Sep 19, 1991
Sold by
Thompson Kyle
Bought by
Kan Kingsley and Kan Treesia K
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
Jinse Real Estate Investments Llc $313 None Listed On Document
Mahendru Manish $1,350,000 Chicago Title
Kan Kingsley $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahendru Manish $1,012,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $1,350,000 -1.8% $381 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
08/03/2021 08/03/21 Price Changed $1,375,000 -5.2% $388 / Sq Ft
08/02/2021 08/02/21 For Sale $1,450,000 +7.4% $410 / Sq Ft
07/01/2021 07/01/21 Off Market $1,350,000 -- --
06/24/2021 06/24/21 For Sale $1,450,000 -- $410 / 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 $11,518 $1,156,000 $1,155,000 $1,000
2023 $10,422 $1,061,000 $1,060,000 $1,000
2022 $9,405 $1,104,000 $1,000,000 $104,000
2021 $8,779 $983,000 $950,000 $33,000
2020 $9,068 $870,000 $569,000 $301,000
2018 $8,484 $928,000 $606,000 $322,000
2017 $7,232 $830,000 $546,000 $284,000
2016 $6,699 $728,000 $478,000 $250,000
2015 $5,008 $658,000 $427,000 $231,000
2014 -- $495,000 $428,000 $67,000
2013 -- $456,000 $395,000 $61,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1796871

Northwest Multiple Listing Service (NWMLS)

APN: 292270-0316