Listed by Paragon Real Estate Advisors, Bought with Real Residential
$925,000
SOLD JUN 25, 2018
-- Bed
-- Bath
2,494 Sq Ft
6,000 Sq Ft Lot

Recently Sold

$371 Per Sq Ft

3% Above List Price

13 Days on Market

Highlights

  • Wood Siding
  • 1-Story Property
  • 4-minute walk to Oxbow Park
  • Maple Elementary School Rated A-

About This Home

As of October 2021

This attractive 6 unit apartment building is located in the trendy up and coming neighborhood of Georgetown. 1958 constructed single story building with side by side units. Common laundry, on-site parking, pitched composition roof. Potential exists to add a unit. Stable long-term tenant base. Large lot with future development potential. Low maintenance, low management property.

Last Agent to Sell the Property

Cathy Jeney

Paragon Real Estate Advisors License #18893 Listed on: 03/13/2018

Co-Listed By

David Petersen

Westlake Associates, Inc. License #7352

Last Buyer's Agent

Albert Clark

Real Residential License #49884

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1256071

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,408

Year Built

  • Built in 1958

Lot Details

  • 6,000 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,494 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Georgetown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2734100720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,408

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1958
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2494
  • Special Features: None
  • Cumulative Days on Market: 335

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • 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: 7252

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2734100720
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 5208

Multi Family

  • Gross Scheduled Income: 62496
  • Net Operating Income: 42052
  • Number Of Units Total: 6
  • Insurance Expense: 2188
  • Leasable Area: 2494
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2017
  • Tax Annual Amount: 4408

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2021
Closed on
Dec 3, 2021
Sold by
Perpetuity Llc
Bought by
Kim Dong Lim
Seller's Agent
Albert Clark
Real Residential
Buyer's Agent
Ryan Cassel
eXp Realty
List Price
$499,950
Sold Price
$499,950
Current Estimated Value
$504,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,425
Avg. Annual Appreciation
0.24%
Original Mortgage
$489,950
Outstanding Balance
$455,116
Interest Rate
3.09%
Mortgage Type
VA
Estimated Equity
$49,259
Source: Public Records

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Range of Values:

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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 $489,950 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $489,950 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2021 10/27/21 Sold $499,950 +2.0% $575 / Sq Ft
10/01/2021 10/01/21 Sold $489,950 -2.0% $563 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/03/2021 09/03/21 For Sale $499,950 +2.0% $575 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $489,950 -47.0% $563 / Sq Ft
06/25/2018 06/25/18 Sold $925,000 +3.4% $371 / Sq Ft
03/27/2018 03/27/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $895,000 -- $359 / 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 $4,484 $460,000 $330,000 $130,000
2023 $3,945 $435,000 $292,000 $143,000
2022 $4,319 $457,000 $266,000 $191,000
2021 $2,652 $464,000 $96,000 $368,000
2020 $4,319 $262,000 $85,000 $177,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1256071

Northwest Multiple Listing Service (NWMLS)

APN: 273410-0723