Stay tuned for more...
USDAProperties.com is sifting through the details...

 

 

 

$1,200,000   Price Analysis
USDAProperties Agent Contact Page  Agent Details  share icon     map icon  QR
8364 Loyal Way NW
Seattle, WA 98117
Unknown bed None bath 2,000 SqFt ($600/SqFt)
4,040SqFt lot. Built 1962
Listed 2024-05-01, Taxes $7,039
Ⓧ USDA Ineligible
due to price & location

near Seattle

Fresh renovated duplex located in the desirable Sunset Hill neighborhood of Ballard.

Easy walk to Caffe Fiore, Sunny Hill, bus lines and Golden Gardens. Each unit has been updated with new bathrooms, kitchens with quartz countertops and tile backsplashes, appliances and flooring. Each unit has its wn washer and dryer. The upper unit features refinished hardwood floors and a generous front yard. Off-street parking for up to four cars is located in the back of the property off of the alley. Property is currently being used as a short term rental. Fur niture is included!

Live in one unit, take advantage of the strong Seattle rental market or use as an Airbnb. Over $80k in rental income 2023.


Presented by Samuel Niskanen at
Westland Realty.


Property MLS #2230642 from NWMLS

Ceramic Tile
Hardwood
Laminate Hardwood
Wall to Wall Carpet
Flooring: Ceramic Tile, Hardwood, Laminate Hardwood, Wall to Wall Carpet

Heating Features: Wall
Heating Fuel: Electric
Heating: Yes

Wood

Lot Description: Alley, Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.0927456
Lot Size Square Feet: 4040

Open Parking Spaces: 4
Open Parking: Yes
Parking Total: 4

Basement

Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: Seattle
Middle School: Buyer To Verify

Loyal Heights Elementary School is a public elementary school located approximately 0.4 miles away.
directions icon Map directions

Whitman Middle School is a public middle school located approximately 1 miles away.
directions icon Map directions

Ballard High School is a public high school located approximately 1.4 miles away.
directions icon Map directions

Wexford School is a private middle and high school located approximately 0.7 miles away.
directions icon Map directions

Gross Scheduled Income: 72000
Leasable Area: 2000
Leasable Area Units: Square Feet

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-1 Square Feet: 1000
Unit-2 Square Feet: 1000
Unit 1 Total Actual Rent: 3000
Unit 2 Total Actual Rent: 2800

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 7894.420000000
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 4.59
Directions: Go West on 85th St from I-5 or 15th Ave NW to the stop sign above Golden Gardens Waterfront PK.Turn left onto 32nd Av NW then veer left onto Loyal Way NW.Building is on the left side of Loyal Way NW
Tax Year: 2024
Other Expense: 2000
Source Property Type: Multi-Family
Possible Use: Residential
Insurance Expense: 1200
Area: 705 - Ballard/Greenlake
List Development Name: Sunset Hill
Source Neighborhood: Sunset Hill
Parcel Number: 4447300040
Street Suffix Modifier: Way
Subdivision: Sunset Hill
Zoning: Residential
Source System Name: C2C
Buyer Agent Commission: 2.5

YearAssessments
Building + Land
Total
Tax
2023$311,000 + $493,000
$804,000
$7,039
2022$307,000 + $457,000
$764,000
$7,229
2021$253,000 + $389,000
$642,000
$6,440
2020$243,000 + $412,000
$655,000
$6,476
2019$244,000 + $412,000
$656,000
$5,833
2018$216,000 + $365,000
$581,000
$5,924
2017$217,000 + $258,000
$475,000
$4,724
2016$196,000 + $234,000
$430,000
$4,378
2015$173,000 + $208,000
$381,000
$3,804
2014$159,000 + $192,000
$351,000
$3,854
2013$163,000 + $192,000
$355,000
$3,951
2012$184,000 + $175,000
$359,000
$3,813
2011$177,000 + $175,000
$352,000
$3,652
2009$213,000 + $207,000
$420,000
$3,509
2007$187,000 + $183,000
$370,000
$3,280

Listed 2024-05-01
$1,200,000
NWMLS
Sold 2020-07-13
$750,000
NWMLS
Listing removed 2018-10-23
$1,700
NWMLS
Price Changed for rent 2018-09-30
$1,700
NWMLS
Price Changed for rent 2018-09-29
$1,800
NWMLS
Listed for rent 2018-09-11
$1,900
NWMLS
Sold 1993-10-05
$169,000
Public Record
Sold 1982-12-30
$107,000
Public Record

Net Operating Income: 55046
Operating Expense: 14794.42000000

Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public

Building Area Total: 2000
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 62
Property Condition: Remodeled
Roof: Composition
Building Total Stories: 2
Structure Type: Duplex
House Style: Duplex
Elevation Units: Feet
Click Thumbnail Images To View Full Size
house_viewliving_roomkitchenliving_roomliving_room
kitchenkitchenbathroombathroomlaundry_room
bathroombedroombedroombedroomunknown
kitchenkitchendining_roomliving_roomliving_room
living_roomkitchenunknownlaundry_roombathroom
bathroomporch

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.