Listed by Real Property Associates, Bought with Olympic View Realty
NOT LISTED FOR SALE

Estimated Value: $1,463,000 - $1,778,912

5 Beds
3 Baths
3,720 Sq Ft
$426/Sq Ft Est. Value

Last Sold April 26, 2019

Last sale price $1,450,000 $390 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,781/month

16 Days on Market

Highlights

  • Views of a Sound
  • Wood Flooring
  • Wood Siding
  • Coe Elementary School Rated A
  • Partially Fenced Property
  • 4-minute walk to 12th West and West Howe Park

About This Home

As of April 2019

Classic Queen Ann 4 unit apartment building with stunning views of the Olympic Mountains and Puget Sound. Built in 1959 the building offers two 2bd and two 1bd Units. All units boast spacious floor plans with sweeping views, amply storage and convenient off street parking. Potential for added income as the units have all been leased for the last 8 to 11 years by current tenants. Additional potential to build up or build new. Zoned LR1. Great walkablity and easy access to downtown Seattle.

Last Agent to Sell the Property

Josh Kechloian

Real Property Associates License #106279 Listed on: 03/26/2019

Last Buyer's Agent

Elena Neely

Olympic View Realty License #50104

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1417098

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,872

Year Built

  • Built in 1959

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 60x91
  • Partially Fenced Property
  • Property is in good condition

Property Views

  • Views of a Sound
  • Bay
  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,720 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Schools

  • Ballard High School

Community Details

  • Queen Anne Subdivision

Listing and Financial Details

  • Legal Lot and Block 10-11-12 / 18
  • Assessor Parcel Number 1861100161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,872

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1959
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3720
  • Special Features: None
  • Cumulative Days on Market: 367

Interior Features

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

Exterior Features

  • Roof: Flat
  • View: Bay, Mountain(s), Sound, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle public utilities
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High

Lot Info

  • Parcel Number: 1861100161
  • Lot Size Acres: 0.124
  • Lot Size: 60X91
  • Lot Size Sq Ft: 5400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Gas Available
  • MLSLotSizeSource: King County Records
  • ZoningClass: Multi-Family
  • LotNumber: 10-11-12

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 21
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 74880

Multi Family

  • Gross Scheduled Income: 74880
  • Net Operating Income: 54353
  • Number Of Units Total: 4
  • Insurance Expense: 3528
  • Leasable Area: 3720
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 11872

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2021
Sold by
914 W Blaine Llc
Bought by
Postupna Nadia and Korovkin Constantine
Current Estimated Value
$1,583,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,054,000
Outstanding Balance
$966,646
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$749,402

Purchase Details

Closed on
Dec 30, 2019
Sold by
Rnk Eastside Llc
Bought by
914 W Blaine Llc

Purchase Details

Listed on
Mar 26, 2019
Closed on
Apr 22, 2019
Sold by
Kechiolan Eileen and Runnels Eileen P
Bought by
Rnk Eastside Llc
Seller's Agent
Josh Kechloian
Real Property Associates
Buyer's Agent
Elena Neely
Olympic View Realty
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.70%

Purchase Details

Closed on
Aug 19, 1997
Sold by
Brickell Ruby C and Brickell T
Bought by
Hall Gary and Hall Marybeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
10.89%

Purchase Details

Closed on
Dec 30, 1987
Sold by
Poole Ruth O
Bought by
Runnels Eileen P
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
Postupna Nadia -- Wfg Natl Ttl Co Of Wa Llc
914 W Blaine Llc -- None Available
Rnk Eastside Llc $1,450,000 First American Title Ins Co
Hall Gary $230,000 Chicago Title Ins Co
Brickell Ruby C -- Chicago Title Insurance Co
Runnels Eileen P $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Postupna Nadia $1,054,000
Previous Owner Hall Gary $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2019 04/26/19 Sold $1,450,000 -6.5% $390 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $1,550,000 -- $417 / 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 $13,826 $1,394,000 $1,080,000 $314,000
2023 $13,049 $1,479,000 $1,080,000 $399,000
2022 $13,537 $1,500,000 $1,058,000 $442,000
2021 $12,939 $1,440,000 $1,343,000 $97,000
2020 $13,416 $1,307,000 $1,234,000 $73,000
2018 $11,808 $1,353,000 $1,317,000 $36,000
2017 $10,572 $1,170,000 $1,139,000 $31,000
2016 $8,353 $1,082,000 $1,058,000 $24,000
2015 $6,612 $826,000 $820,000 $6,000
2014 -- $662,000 $656,000 $6,000
2013 -- $669,000 $619,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1417098

Northwest Multiple Listing Service (NWMLS)

APN: 186110-0161