Listed by Westlake Associates, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,053,000 - $1,208,000

3 Beds
3 Baths
2,217 Sq Ft
$502/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $852,000 $384 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,917/month

Highlights

  • Wood Flooring
  • Garfield High School Rated A
  • Wood Siding

About This Home

As of April 2015

This duplex offers an investor or owner occupant the opportunity to purchase a well-located residential property in Capitol Hill, the most densely populated neighborhood in Seattle. Nearby are a multitude of shops, restaurants, entertainment, and services. The property has definite rent upside as the current rents are well below market. In addition, additional space within the building could be used to increase income. The LR3 zoning offers the potential for future development.

Last Agent to Sell the Property

Matthew Weber

Westlake Associates, Inc. License #50224 Listed on: 03/29/2015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 764132

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,604

Year Built

  • Built in 1905

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,217 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Utilities

  • Natural Gas Connected

Community Details

  • Capitol Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6762700340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,604

Year Built

Built in 1905

Lot Details

4,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1905
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2217
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Forced Air, Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Natural Gas Connected

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6762700340
  • Lot Size Acres: 0.0918
  • Lot Size: 40x100
  • Lot Size Sq Ft: 4000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 27
  • LeasedItems: None
  • TotalMonthlyIncome: 2375

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5604

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2015
Closed on
Apr 27, 2015
Sold by
Hatlestad David M and Hatlestad Anna P
Bought by
Tomsson West Holdings Llc
Seller's Agent
Matthew Weber
Westlake Associates, Inc.
List Price
$850,000
Sold Price
$852,000
Premium/Discount to List
$2,000
0.24%
Current Estimated Value
$1,113,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,706
Avg. Annual Appreciation
2.49%

Purchase Details

Closed on
May 21, 2001
Sold by
Hatlestad Investments Inc
Bought by
Hatlestad David M and Mauk Anna O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.06%

Purchase Details

Closed on
May 9, 2000
Sold by
Chang Choo Chew
Bought by
Hatlestad Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.22%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tomsson West Holdings Llc $852,000 Chicago Title
Hatlestad David M $500,000 Chicago Title Insurance Co
Hatlestad Investments Inc $353,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hatlestad David M $350,000
Previous Owner Hatlestad Investments Inc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2015 04/30/15 Sold $852,000 +0.2% $384 / Sq Ft
04/01/2015 04/01/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $850,000 -- $383 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $11,588 $1,196,000 $1,187,000 $9,000
2023 $10,864 $1,140,000 $1,131,000 $9,000
2022 $11,176 $1,406,000 $1,322,000 $84,000
2021 $10,705 $1,211,000 $1,138,000 $73,000
2020 $10,907 $1,100,000 $1,067,000 $33,000
2018 $9,768 $1,133,000 $1,096,000 $37,000
2017 $6,963 $983,000 $960,000 $23,000
2016 $6,503 $717,000 $707,000 $10,000
2015 $5,603 $654,000 $642,000 $12,000
2014 -- $575,000 $535,000 $40,000
2013 -- $601,000 $510,000 $91,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 764132

Northwest Multiple Listing Service (NWMLS)

APN: 676270-0340

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