NOT LISTED FOR SALE
-- Bed
-- Bath
9,450 Sq Ft
10,000 Sq Ft Lot

Sale Details

Date Sold: October 12, 2018

Last sale price $5,450,000 $577 Per Sq Ft

15 Days on Market

Highlights

  • 0.23 Acre Lot
  • Garfield High School Rated A
  • Wall to Wall Carpet

About This Home

As of October 2018

21 unit garden style apartment community in a premier high-end residential neighborhood. Building boasts gated entry with charming central courtyard. Attractive two-story building with brick and stone facade and on-site parking with space for 10. Excellent portfolio property with potential to add space and raise below market rents (buyer to verify).

Last Agent to Sell the Property

Chad Martini

Westlake Associates, Inc. License #118627 Listed on: 07/19/2018

Co-Listed By

David Petersen

Westlake Associates, Inc. License #7352

Last Buyer's Agent

David Petersen

Westlake Associates, Inc. License #7352

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1328314

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,098

Year Built

  • Built in 1955

Lot Details

  • 10,000 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 9,450 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Community Details

  • North Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 67627-0330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,098

Year Built

Built in 1955

Lot Details

10,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1955
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 9450
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 10

Utilities

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

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 67627-0330
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 28729

Tax Info

  • Year: 2018
  • Tax Annual Amount: 41098

Multi Family

  • Number Of Units Total: 21
  • 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
Jul 19, 2018
Closed on
Oct 11, 2018
Sold by
Bought by
Seller's Agent
Chad Martini
Westlake Associates, Inc.
Buyer's Agent
David Petersen
Westlake Associates, Inc.
List Price
$5,650,000
Sold Price
$5,450,000
Premium/Discount to List
-$200,000
-3.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,825,000
Interest Rate
0.0581%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 4, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 1984
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$5,445,800 Fidelity National Title
$3,387,900 None Available
-- Chicago Title
$559,300 --
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 $3,000,000
Previous Owner $1,825,000
Previous Owner $300,000
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
10/12/2018 10/12/18 Sold $5,450,000 -3.5% $577 / Sq Ft
08/03/2018 08/03/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $5,650,000 -- $598 / 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 $45,335 $4,379,000 $3,000,000 $1,379,000
2024 $41,047 $4,263,000 $3,200,000 $1,063,000
2023 $46,162 $4,996,000 $3,200,000 $1,796,000
2022 $46,071 $5,489,000 $2,900,000 $2,589,000
2021 $54,557 $5,047,000 $2,900,000 $2,147,000
2020 $48,013 $5,708,000 $3,400,000 $2,308,000
2018 $41,098 $4,317,000 $2,000,000 $2,317,000
2017 $34,155 $4,179,000 $2,000,000 $2,179,000
2016 $27,641 $3,581,000 $1,200,000 $2,381,000
2015 $24,977 $2,814,000 $1,200,000 $1,614,000
2014 -- $2,600,000 $1,200,000 $1,400,000
2013 -- $2,170,000 $1,100,000 $1,070,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1328314

Northwest Multiple Listing Service (NWMLS)
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