Listed by Northmarq Commercial, LLC, Bought with Kidder Mathews
NOT LISTED FOR SALE
-- Bed
-- Bath
6,107 Sq Ft
7,146 Sq Ft Lot

Last Sold May 10, 2022

Last sale price $2,095,000 $343 Per Sq Ft

36 Days on Market

Highlights

  • No HOA
  • Wedgwood Elementary School Rated A
  • Wall to Wall Carpet

About This Home

As of May 2022

Located in the quiet neighborhood of Wedgewood, this intimate community offers spacious apartments with original hardwood floors, ample parking, on-site laundry (some in-unit), and easy access to major bus routes. With Lake City Way nearby, the Ravenna 7 apartments are a downtown commuters dream! Get from home to the office in 12 minutes flat with frequent commuter lines that run every morning or enjoy a quick commute to class at UW.

Last Agent to Sell the Property

Joe Kinkopf

Northmarq Commercial, LLC Listed on: 01/27/2022

Last Buyer's Agent

Dan Swanson

Kidder Mathews License #13533

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1882791

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,322

Year Built

  • Built in 1962

Lot Details

  • 7,146 Sq Ft Lot

Home Design

  • Bitumen Roof
  • Wood Composite

Interior Spaces

  • 6,107 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Ravenna Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5101404385

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,322

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6107
  • Special Features: None
  • Cumulative Days on Market: 379

Interior Features

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

Exterior Features

  • Roof: Torch Down
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 13950

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5101404385
  • Lot Size Acres: 0.164
  • Lot Size Sq Ft: 7146
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 13996

Multi Family

  • Gross Scheduled Income: 167952
  • Net Operating Income: 107311
  • Number Of Units Total: 7
  • Insurance Expense: 2644
  • Leasable Area: 6107
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 15322

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
06/21/2023 06/21/23 For Rent $1,695 0.0% --
05/01/2023 05/01/23 For Rent $1,695 0.0% --
05/10/2022 05/10/22 Sold $2,095,000 -2.6% $343 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $2,150,000 +36.5% $352 / Sq Ft
12/20/2019 12/20/19 Sold $1,575,000 +1.6% $255 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
11/18/2019 11/18/19 For Sale $1,550,000 -- $251 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1882791

Northwest Multiple Listing Service (NWMLS)