$1,350,000 Price Analysis    ♡   Seattle, WA 98103 Unknown bed None bath 2,210 SqFt ($610/SqFt) 4,000SqFt lot. Built 1911 Listed 2024-03-14, Taxes $8,599 | Ⓧ USDA Ineligible due to price & location near Green Lake |
Grandfathered 5-unit building in Wallingford (effective year build 1985)
Close to the Woodland Park Zoo, Green Lake, parks and other conveniences. Easy location to access UW campus, U Village, downtown Seattle, Fremont, Ballard and public transportation. Backyard space to enjoy as the weather warms, mature landscaping creates some privacy in the urban locale. Cin operated Landry with newer mach ines for additional income. A few of the units have updated paint and flooring. Opportunity to value add, update the interiors to command extraordinary rents. Potential to reconfigure the building into a triplex and create a penthouse/owner's unit or tear down and build new townhouses (LR2 zoning) or build a ADU in the back!
The opportunity is boundless!
Presented by Chiu Lung Tang at
JOHN L. SCOTT, Inc - Redmond.
Property MLS #2205836 from NWMLS
Wall to Wall Carpet
Flooring: Hardwood, Vinyl, Wall to Wall Carpet
Heating Fuel: Electric, Natural Gas
Heating: Yes
Wood
Lot Size Acres: 0.0918274
Lot Size Dimensions: 40x100
Lot Size Square Feet: 4000
Security Features: FullyFenced
High School: Lincoln High
High School District: Seattle
Middle School: Hamilton Mid
Map directions Map directions Map directions Map directionsLeasable Area: 2210
Leasable Area Units: Square Feet
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-1 Square Feet: 350
Unit-2 Square Feet: 450
Unit-3 Square Feet: 450
Unit-4 Square Feet: 500
Unit-5 Square Feet: 500
Unit 1 Total Actual Rent: 1350
Unit 2 Total Actual Rent: 1575
Unit 3 Total Actual Rent: 1400
Unit 4 Total Actual Rent: 1650
Unit 5 Total Actual Rent: 1200
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 4.86
Directions: From N 50th St, turn south on Fremont Ave N, east on N 49th. Property on south side of the street.
Tax Year: 2024
Other Expense: 2000
Source Property Type: Multi-Family
Possible Use: Multi-Family, Residential
Insurance Expense: 1478
Area: 705 - Ballard/Greenlake
List Development Name: Wallingford
Source Neighborhood: Wallingford
Parcel Number: 9521100995
Street Suffix Modifier: Street
Subdivision: Wallingford
Zoning: MultiFamily, Residential
Source System Name: C2C
Buyer Agent Commission: 2.5
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $138,000 + $860,000 $998,000 | $8,599 |
| 2022 | $100,000 + $860,000 $960,000 | $8,945 |
| 2021 | $157,000 + $820,000 $977,000 | $9,534 |
| 2020 | $311,000 + $760,000 $1,071,000 | $10,293 |
| 2019 | $322,000 + $620,000 $942,000 | $8,181 |
| 2018 | $415,000 + $520,000 $935,000 | $9,294 |
| 2017 | $372,000 + $480,000 $852,000 | $8,202 |
| 2016 | $273,000 + $420,000 $693,000 | $6,868 |
| 2015 | $259,000 + $360,000 $619,000 | $6,007 |
| 2014 | $243,000 + $320,000 $563,000 | $6,032 |
| 2013 | $178,000 + $300,000 $478,000 | $5,240 |
| 2012 | $1,000 + $400,000 $401,000 | $4,279 |
| 2011 | $1,000 + $460,000 $461,000 | $4,056 |
| 2009 | $1,000 + $460,000 $461,000 | $3,833 |
| 2007 | $96,000 + $380,000 $476,000 | $4,571 |
$1,350,000
NWMLS
Listing removed 2021-07-21
$0
NWMLS
Listed 2021-04-14
$1,295,000
NWMLS
Sold 2020-04-30
$950,000
Public Record
Listing removed 2019-05-07
$0
NWMLS
Price Changed 2019-04-20
$1,150,000
NWMLS
Listed 2019-03-06
$1,200,000
NWMLS
Sold 2004-07-06
$440,000
Public Record
Sold 1998-07-31
$310,000
Public Record
Sold 1989-05-31
$113,246
Public Record
Sold 1988-04-25
$129,000
Public Record
Sold 1980-05-07
$135,000
Public Record
Operating Expense: 26483
Power Production Type: Electric, NaturalGas
Sewer: Sewer Connected
Water Source: Public
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 113
Property Condition: Average
Roof: Composition
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Year Built Effective: 1985
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.