Listed by L. Dankers Real Estate Group
NOT LISTED FOR SALE

Estimated Value: $927,000 - $1,314,000

5 Beds
3 Baths
2,780 Sq Ft
$427/Sq Ft Est. Value

Last Sold December 27, 2013

Last sale price $533,000 $192 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $7,006/month

56 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • 1-Story Property
  • Viewlands Elementary School Rated A-
  • Wall to Wall Carpet

About This Home

As of December 2013

Great investment or owner occupied opportunity. Well maintained, fully rented triplex in great location. The property is being offered at a 6.4 CAP rate based on an NOI of $35,445. Very low vacancy rate. Tenants pay water/sewer/garbage. Lower unit has been fully renovated. Beautiful tranquil creek running though property. 1/2 block to the park. Close to I-5, Oaktree, Greenlake and Northgate.

Last Agent to Sell the Property

Lisa Dankers

L. Dankers Real Estate Group License #50372 Listed on: 09/19/2013

Co-Listed By

David Dankers

L. Dankers Real Estate Group License #19457

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 546117

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,005

Year Built

  • Built in 1962

Lot Details

  • 7,500

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,780 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Additional Features

  • 7,500 Sq Ft Lot
  • Natural Gas Connected

Community Details

  • Licton Springs Condos
  • Seattle Subdivision

Listing and Financial Details

  • Legal Lot and Block 18-19-20 / 3
  • Assessor Parcel Number 4310700460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,005

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1962
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Licton Springs
  • New Construction: No
  • CalculatedSquareFootage: 2780
  • Special Features: None
  • Cumulative Days on Market: 380

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 4310700460
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 18-19-20

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3475

Multi Family

  • Gross Scheduled Income: 41700
  • Net Operating Income: 35445
  • Number Of Units Total: 3
  • Insurance Expense: 1000
  • Leasable Area: 2780
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2013
  • Tax Annual Amount: 4005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2013
Closed on
Dec 19, 2013
Sold by
Allison Seattle Llc
Bought by
Gallien Brandon and Gallien Nachelle
Seller's Agent
Lisa Dankers
L. Dankers Real Estate Group
List Price
$550,000
Sold Price
$533,000
Premium/Discount to List
-$17,000
-3.09%
Current Estimated Value
$1,110,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$577,645
Avg. Annual Appreciation
7.26%
Original Mortgage
$464,997
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2008
Sold by
Linnabary Sue A
Bought by
Allison Seattle Llc

Purchase Details

Closed on
Nov 29, 2005
Sold by
Linnabary Sue A
Bought by
Linnabary Sue A

Purchase Details

Closed on
Aug 29, 2000
Sold by
Linnabary Michael V
Bought by
Linnabary Vahn C and Linnabary Sue
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
Gallien Brandon $533,000 Nextitle
Allison Seattle Llc -- None Available
Linnabary Sue A -- --
Linnabary Vahn C $298,800 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallien Brandon $453,000
Closed Gallien Brandon $464,997
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2013 12/27/13 Sold $533,000 -3.1% $192 / Sq Ft
11/15/2013 11/15/13 Pending -- -- --
09/19/2013 09/19/13 For Sale $550,000 -- $198 / 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 $10,459 $1,035,000 $666,000 $369,000
2023 $8,486 $830,000 $791,000 $39,000
2022 $7,733 $881,000 $707,000 $174,000
2021 $6,914 $778,000 $644,000 $134,000
2020 $6,907 $656,000 $537,000 $119,000
2018 $6,668 $689,000 $515,000 $174,000
2017 $5,496 $629,000 $367,000 $262,000
2016 $5,115 $530,000 $309,000 $221,000
2015 $4,421 $482,000 $281,000 $201,000
2014 -- $424,000 $252,000 $172,000
2013 -- $386,000 $240,000 $146,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 546117

Northwest Multiple Listing Service (NWMLS)

APN: 431070-0460