Listed by Kidder Mathews, Bought with Paramount Real Estate Group
NOT LISTED FOR SALE

Estimated Value: $989,000 - $1,046,000

-- Bed
-- Bath
1,990 Sq Ft
$514/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $1,025,000 $515 Per Sq Ft

Current estimated payment $6,189/month

7 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • High Speed Internet
  • Greenwood Elementary School Rated A-
  • No HOA
  • 3-minute walk to Sandel Park

About This Home

As of March 2022

A great opportunity for an investor or an owner occupy. Well located Greenwood Fourplex situated on corner lot. 3 – 1bd/1bth units and 1 Studio averaging 500 sqft each. Partial updates with an opportunity to completely renovate units. Long term tenants with achievable rents 20% above current leases. Current Cap is 5% with market being 5.6%. Within walking distance of Greenwood Ave with several parks, restaurants and other amenities. Basement storage units available that currently are not being charged along with common laundry. Close proximately to Seattle’s most desirable neighborhoods including Ballard, Fremont, South Lake Union.

Last Agent to Sell the Property

Winslow Lee

Kidder Mathews License #136708 Listed on: 02/23/2022

Last Buyer's Agent

Paige Ward

Paramount Real Estate Group License #130684

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1893406

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,909

Year Built

  • Built in 1916

Lot Details

  • 2,980 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,990 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 1 Parking Space
  • 1 Covered Space

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Greenwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1015000065

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,909

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1916
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1990
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2%
  • Special Features: None
  • Cumulative Days on Market: 372

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: High Efficiency - 90%+, Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: No
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1015000065
  • Lot Size Acres: 0.0684
  • Lot Size: 2980
  • Lot Size Sq Ft: 2980
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 4885

Multi Family

  • Gross Scheduled Income: 62160
  • Net Operating Income: 48482
  • Number Of Units Total: 4
  • Insurance Expense: 1006
  • Leasable Area: 1990
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6909
  • AdditionalTaxIds: 1015000065

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Mar 21, 2022
Sold by
Palovera Revocable Trust
Bought by
Mclane Patrick
Seller's Agent
Winslow Lee
Kidder Mathews
Buyer's Agent
Paige Ward
Paramount Real Estate Group
List Price
$960,000
Sold Price
$1,025,000
Premium/Discount to List
$65,000
6.77%
Current Estimated Value
$1,023,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,694
Avg. Annual Appreciation
-0.05%
Original Mortgage
$615,000
Outstanding Balance
$577,132
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$446,174

Purchase Details

Closed on
Sep 23, 2019
Sold by
Cayward Irina and Cayward Timothy
Bought by
Cayward Irina and Cayward Timothy

Purchase Details

Closed on
May 7, 2007
Sold by
Prosperity Investments Family Lp
Bought by
Cayward Timothy and Cayward Irina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.87%

Purchase Details

Closed on
Jan 23, 2007
Sold by
Rennebohm Rick
Bought by
Prosperity Investments Family Lp

Purchase Details

Closed on
Mar 29, 2004
Sold by
Rennebohm Janice
Bought by
Rennebohm Rick
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mclane Patrick $1,025,000 Stewart Title
Cayward Irina -- None Available
Cayward Timothy $390,000 Chicago Title
Prosperity Investments Family Lp -- None Available
Prosperity Investments Family Lp -- None Available
Rennebohm Rick -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclane Patrick $615,000
Previous Owner Cayward Timothy $312,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $1,025,000 +6.8% $515 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $960,000 -- $482 / 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 $7,884 $796,000 $208,600 $587,400
2023 $9,290 $888,000 $208,600 $679,400
2022 $6,960 $1,084,000 $208,600 $875,400
2021 $7,341 $736,000 $208,600 $527,400
2020 $6,614 $742,000 $208,600 $533,400
2018 $4,584 $506,000 $178,800 $327,200
2017 $4,137 $443,000 $104,300 $338,700
2016 $4,209 $413,000 $89,400 $323,600
2015 -- $413,000 $89,400 $323,600
2014 -- $359,000 $74,500 $284,500
2013 -- $342,000 $74,500 $267,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1893406

Northwest Multiple Listing Service (NWMLS)

APN: 101500-0065