NOT LISTED FOR SALE

8602 16th Ave S Seattle, WA 98108

South Park Neighborhood
-- Bed
-- Bath
5,040 Sq Ft
0.28 Acres

Last Sold November 04, 2013

Last sale price $475,000 $94 Per Sq Ft

95 Days on Market

About This Home

As of November 2013

This is a 12 unit building with off street parking. Great Cash flow. Close to the 14th Ave Bridge that will be open by the end of the year. Do not disturb tenants- Building will be shown with a PESA.

Last Agent to Sell the Property

Ray Poletti

Ballard Realty, Inc. License #14011 Listed on: 05/25/2013

Last Buyer's Agent

David Petersen

Westlake Associates, Inc. License #7352

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM492737

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 7884100520

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Style: 10+ Units
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Sq Ft: 5040

Exterior Features

  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Roof: Built-Up

Garage/Parking

  • Numberof Uncovered Spaces: 12
  • Total Numberof Parking Spaces: 12

Utilities

  • Electrical Expenses: 1650
  • Heating Expenses: 5220
  • Water/Sewer/Garbage: 10800
  • Heating And Cooling: Wall
  • Power Company: Seattle
  • Sewer: Sewer Connected
  • Sewer Company: Seattle
  • Water Company: Seattle
  • Water Source: Public

Condo/Co-op/Association

  • Numberof Units in Building: 12
  • Amenities: Coin Op Laundry

Schools

  • School District: SEA

Lot Info

  • Lot Number: 15-17
  • General Zoning Classification: Commercial, Industrial
  • Lot Dimensions: 120x100
  • Lot Sq Ft: 12000
  • Parcel Number: 7884100520
  • Zoning Jurisdiction: City

Multi Family

  • Gross Adjusted Income: 81780
  • Gross Rent Multiplier: 7
  • Gross Scheduled Income: 86400
  • Insurance Expenses: 3000
  • Total Expenses: 27960
  • Total Monthly Income: 7200
  • Net Operating Income: 53820
  • Total Expenses: 27960
  • Vacancy Rate: 5

Tax Info

  • Tax Amount: 7290

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

Property History

Date Event Price Change Sq Ft Price
11/04/2013 11/04/13 Sold $475,000 -17.4% $94 / Sq Ft
08/29/2013 08/29/13 Pending -- -- --
05/25/2013 05/25/13 For Sale $575,000 -- $114 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ray Poletti

    Seller's Agent in 2013

    Ray Poletti

    Ballard Realty, Inc.

    (206) 784-4813

    20 Total Sales

    Ray Poletti
    Section Image
  • David Petersen

    Buyer's Agent in 2013

    David Petersen

    Westlake Associates, Inc.

    (206) 300-8909

    26 Total Sales

    David Petersen
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM492737

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98108 South Park

8602 16th Ave S, Seattle, WA

This home is located at 8602 16th Ave S, Seattle, WA 98108 since 25 May 2013. This property was built in 1957. 8602 16th Ave S is a home located in King County with nearby schools including Concord International Elementary School, Denny Middle School, and Chief Sealth High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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