Listed by Windermere Real Estate Midtown, Bought with KW Greater Seattle
$1,298,000
SOLD NOV 1, 2024
-- Bed
-- Bath
2,990 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$434 Per Sq Ft

7% Below List Price

100 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Baseboard Heating
  • West Woodland Elementary School Rated A
  • Forced Air Heating System
  • 2-minute walk to Gemenskap Park

About This Home

As of November 2024

Nestled in the heart of vibrant Ballard and on the market for only the 2nd time, this Mid-Century Modern triplex, originally designed and built to function as a multi-family property, offers an excellent investment opportunity. Located on a quiet residential street just a short distance from Ballard's Market Street and the bustling shops and restaurants along Ballard Ave NW, this property features three well maintained 2-bedroom, 1-bath units, each with included appliances. The low-maintenance exterior and landscaping ensures lasting appeal while the property offers ample parking for 5 vehicles, including two garages. Currently fully rented with no vacancies, don’t miss your chance to take advantage of this incredible opportunity!

Last Agent to Sell the Property

Larry Wilcynski

Windermere Real Estate Midtown License #50011 Listed on: 06/12/2024

Windermere Real Estate Midtown

Last Buyer's Agent

Sajith Sahadevan

KW Greater Seattle License #24011321

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2250605

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,008

Year Built

  • Built in 1968

Lot Details

  • 5,000 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 2,990 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 5 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • West Woodland Elementary School
  • Hamilton Mid Middle School
  • Ballard High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0999000235

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,008

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2990
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 335

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: See Remarks
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Hamilton Mid

Lot Info

  • Parcel Number: 0999000235
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: KCR

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.7
  • LeasedItems: None
  • TotalMonthlyIncome: 7180

Multi Family

  • Gross Scheduled Income: 86160
  • Net Operating Income: 68552
  • Number Of Units Total: 3
  • Insurance Expense: 2100
  • Leasable Area: 3640
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 11008

MLS Schools

  • Elementary School: West Woodland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Oct 25, 2024
Sold by
Petry Ian S and Kurpuis Leonard E
Bought by
Reyatt Simran and Sangha-Reyatt Sukhbir
Seller's Agent
Larry Wilcynski
Windermere Real Estate Midtown
Buyer's Agent
Sajith Sahadevan
KW Greater Seattle
List Price
$1,398,000
Sold Price
$1,298,000
Premium/Discount to List
-$100,000
-7.15%
Views
21
Current Estimated Value
$1,396,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,237
Avg. Annual Appreciation
10.51%
Original Mortgage
$908,600
Outstanding Balance
$904,109
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$492,128

Purchase Details

Closed on
Mar 29, 2021
Sold by
Petry Stuart Ian
Bought by
Petry Stuart Ian and Kurpuis Leonard Ellsworth

Purchase Details

Listed on
Jun 23, 2015
Closed on
Aug 14, 2015
Sold by
Yarno David L and Yarno Laurence H
Bought by
Petry Ian
Seller's Agent
George Brain
HomeSmart Real Estate Assoc
Buyer's Agent
Dan Wilcynski
Windermere Real Estate Midtown
List Price
$850,000
Sold Price
$830,000
Premium/Discount to List
-$20,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.37%
Original Mortgage
$645,300
Interest Rate
4.05%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in Seattle, WA

  • 315 317 NW 58th St, Seattle, WA 98107

    $1,349,000

    • 5 Beds
    • 3 Baths
    • 2,593 Sq Ft
    • 315 317 NW 58th St
    • Seattle, WA

    Set high above the vibrant neighborhoods of Ballard, Phinney, and Fremont, this beautifully updated duplex offers stunning Olympic Mountain views and a unique blend of character and flexibility. Each unit showcases vaulted ceilings, rich hardwood floors, cozy fireplaces, and convenient attached garages. The home is surrounded by lush landscaping and a fully fenced backyard, providing a serene

    Rhea Kulikova Redfin

    Section Image
  • 6753 14th Ave NW, Seattle, WA 98117

    $1,295,000

    • 6 Beds
    • 4 Baths
    • 3,300 Sq Ft
    • 6753 14th Ave NW
    • Seattle, WA

    Renovated and reimagined duplex in the ideal Ballard location. Originally constructed in 1900, this duplex features a wonderful blend of old-world charm and modern design and technology and offers residents the quintessential Ballard living experience with everything you need within walking distance and the heart of the town just a 5-minute drive away. The property features a large 4-bed/3-bath

    Ryan Iles Paragon Real Estate Advisors

    Section Image
  • 6743 15th Ave NW, Seattle, WA 98117

    $998,000

    • 5 Beds
    • 4 Baths
    • 2,350 Sq Ft
    • 6743 15th Ave NW
    • Seattle, WA

    Located in a highly desirable neighborhood. The existing two-story building features three 1-bedroom units and one 2-bedroom unit, along with a backyard and a garage. All units are currently leased, though average market rents in the area are approximately 30% higher, offering strong potential for increased income. A rapid transit stop is situated directly in front of the property, providing

    Tyler Li Sea to Sky Realty

    Section Image
  • 819 NW 50th St, Seattle, WA 98107

    $1,190,000

    • 7 Beds
    • 4 Baths
    • 3,550 Sq Ft
    • 819 NW 50th St
    • Seattle, WA

    Unique Triplex with high income potential through Airbnb and long-term furnished rentals. Live in one unit and let the other units generate income. Features include a newer roof, updated flooring, and fresh paint. Unit A boasts a spacious layout with 5 bedrooms, 2 bathrooms, a kitchen, and laundry, plus a noise-buffered floor. Units B & C each have 1 bedroom, a kitchen, and a bathroom; Unit C is

    Qi Wang Keller Williams Rlty Bellevue

    Section Image
  • 2025 NW 64th St, Seattle, WA 98107

    $1,290,000

    • 7 Beds
    • 5 Baths
    • 3,110 Sq Ft
    • 2025 NW 64th St
    • Seattle, WA

    Fabulous tri-plex in prime Ballard locale provides flexibility and opportunity for investors, owner-occupants or multi-generational living. At 1500 sq ft, top floor unit is an ideal owner’s unit, with 3 beds/2.25 bath, bright open living spaces, cozy fireplace & sunny S facing deck. Two well maintained lower-level units are 800 sq ft, with 2 bed/l bath + lots of storage. Each unit has their own

    Kristal Maurstad Windermere Real Estate Co.

    Section Image
  • 6744 Jones Ave NW, Seattle, WA 98117

    $995,000

    • 5 Beds
    • 2 Baths
    • 3,600 Sq Ft
    • 6744 Jones Ave NW
    • Seattle, WA

    Family owned since 1965! Nestled on a quiet tree lined street in a fantastic neighborhood, close to all Ballard has to offer. Darling Ballard duplex w/216 sf detached garage & huge basement! Long term tenants; Main floor 1280sf, 3 bdr, 1 ba. Upper: 1080sf 2 bdr, 1 ba + sunroom. + 1,240 sq ft basement w/managers storage + private storage & laundry hookups for both units —offering tons of

    Kippie Pasowicz Windermere Real Estate Co.

    Section Image
  • 5906 28th Ave NW, Seattle, WA 98107

    $1,385,000

    • 6 Beds
    • 3 Baths
    • 2,842 Sq Ft
    • 5906 28th Ave NW
    • Seattle, WA

    Turnkey Investment Opportunity in Prime Ballard Location! Three income producing units, completely rebuilt in 2008, offers an excellent investment with strong cash flow. Located in one of the city’s most sought-after neighborhoods, the property features a 4-bedroom, 2-bath upper unit and a 2-bedroom, 1-bath daylight lower unit, each with separate entrances for privacy. A spacious oversized

    Jared Fraser SPIRE ONE Realty

    Section Image
  • 7737 21st Ave NW Unit A & B, Seattle, WA 98117

    $999,950

    • 4 Beds
    • 3 Baths
    • 2,222 Sq Ft
    • 7737 21st Ave NW
    • Unit A & B
    • Seattle, WA

    Turnkey duplex investment in prime Ballard location. Investor-ready and like new, this modern duplex is located in the highly sought-after Loyal Heights neighborhood. Each unit features open floor plans, durable luxury vinyl plank flooring, low-maintenance vinyl windows, custom cabinetry, quartz countertops, and stainless steel appliances. In-unit washer and dryer in both units reduce turnover

    Patrick Bauman RE/MAX Northwest

    Section Image
  • 3919 2nd Ave NW, Seattle, WA 98107

    $1,300,000

    • 4 Beds
    • 4 Baths
    • 2,108 Sq Ft
    • 3919 2nd Ave NW
    • Seattle, WA

    Sharp 4-plex in excellent neighborhood. Corner lot with nice views of the Canal. Coin op laundry on site. 2 off street parking spaces. Large deck. Close to shops and restaurants.

    Lisa Dankers L. Dankers Real Estate Group

    Section Image

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,298,000 Chicago Title
Interfamily Deed Transfer -- Accommodation
Warranty Deed $830,000 Ticor National
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $908,600 New Conventional
Previous Owner $645,300 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Sold $1,298,000 -3.7% $434 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
07/19/2024 07/19/24 Price Changed $1,348,000 -3.6% $451 / Sq Ft
06/13/2024 06/13/24 For Sale $1,398,000 0.0% $468 / Sq Ft
06/13/2024 06/13/24 Off Market $1,398,000 -- --
06/12/2024 06/12/24 For Sale $1,398,000 +68.4% $468 / Sq Ft
08/17/2015 08/17/15 Sold $830,000 -2.4% $296 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $850,000 -- $304 / 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 $12,197 $1,249,000 $607,000 $642,000
2023 $11,246 $1,170,000 $557,000 $613,000
2022 $10,868 $1,280,000 $526,000 $754,000
2021 $10,189 $1,165,000 $500,000 $665,000
2020 $10,548 $1,036,000 $356,000 $680,000
2018 $9,495 $1,058,000 $379,000 $679,000
2017 $8,077 $947,000 $342,000 $605,000
2016 $7,291 $830,000 $300,000 $530,000
2015 $5,765 $730,000 $268,000 $462,000
2014 -- $586,000 $221,000 $365,000
2013 -- $540,000 $204,000 $336,000
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2250605

Northwest Multiple Listing Service (NWMLS)

APN: 099900-0235