$1,750,000 Price Analysis    ♡   Seattle, WA 98199 Unknown bed None bath 3,560 SqFt ($491/SqFt) 5,900SqFt lot. Built 1993 Listed 2024-06-26, Taxes $10,138 | Ⓧ USDA Ineligible due to price & location near Seattle |
Great site for townhomes 3 blocks from Magnolia Playfield and seven blocks from Magnolia shopping center.
5900sf will provide room for 5 townhomes under LR1 (M) zoning. The current apartment houses have 4 unts that currently produce an annual NOI of $48, 500 to pay taxes while permitting.
Great site for townhomes 3 blocks from Magnolia Playfield and seven blocks from Magnolia shopping center. 5900sf will provide room for 5 townhomes under LR1 (M) zoning. The current apartment houses have 4 unts that currently produce an annual NOI of $48, 500 to pay taxes while permitting.
Presented by Richard Riley at
Ewing & Clark - Seattle.
Property MLS #2257616 from NWMLS
Wall to Wall Carpet
Flooring: Wall to Wall Carpet
Flooring: Wall to Wall Carpet
Heating Features: Forced Air
Heating Fuel: Natural Gas
Heating: Yes
Heating Fuel: Natural Gas
Heating: Yes
Wood
Lot Description: Corner Lot
Lot Size Acres: 0.1354454
Lot Size Dimensions: 50 x 118
Lot Size Square Feet: 5900
Lot Size Acres: 0.1354454
Lot Size Dimensions: 50 x 118
Lot Size Square Feet: 5900
Open Parking Spaces: 4
Open Parking: Yes
Parking Total: 4
Open Parking: Yes
Parking Total: 4
Gross Scheduled Income: 99228
Leasable Area: 1780
Leasable Area Units: Square Feet
Leasable Area: 1780
Leasable Area Units: Square Feet
Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 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
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-1 Square Feet: 890
Unit-2 Square Feet: 890
Unit-3 Square Feet: 890
Unit-4 Square Feet: 890
Unit 1 Total Actual Rent: 2400
Unit 2 Total Actual Rent: 1450
Unit 3 Total Actual Rent: 2200
Unit 4 Total Actual Rent: 1800
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 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
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-1 Square Feet: 890
Unit-2 Square Feet: 890
Unit-3 Square Feet: 890
Unit-4 Square Feet: 890
Unit 1 Total Actual Rent: 2400
Unit 2 Total Actual Rent: 1450
Unit 3 Total Actual Rent: 2200
Unit 4 Total Actual Rent: 1800
High School District: Seattle
Lawton Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions
Map directionsBallard High School is a public high school located approximately 2 miles away.
Map directions
Map directionsMcclure Middle School is a public middle school located approximately 2.2 miles away.
Map directions
Map directionsAlfajer School is a private elementary school located approximately 0.3 miles away.
Map directions
Map directionsCalculated Total Monthly Association Fees: 0
Annual Tax Amount: 10418
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 3.65
Directions: 7 blocks north of Magnolia town center on 34th Ave W.
Tax Year: 2024
Other Expense: 7636
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 7200
Area: 700 - Queen Anne/Magnolia
List Development Name: Magnolia
Source Neighborhood: Magnolia
Parcel Number: 6821101845
Street Suffix Modifier: Street
Subdivision: Magnolia
Zoning: MultiFamily
Lot Number: 24
Source System Name: C2C
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 3.65
Directions: 7 blocks north of Magnolia town center on 34th Ave W.
Tax Year: 2024
Other Expense: 7636
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 7200
Area: 700 - Queen Anne/Magnolia
List Development Name: Magnolia
Source Neighborhood: Magnolia
Parcel Number: 6821101845
Street Suffix Modifier: Street
Subdivision: Magnolia
Zoning: MultiFamily
Lot Number: 24
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $448,000 + $716,000 $1,164,000 | $10,138 |
| 2022 | $375,000 + $600,000 $975,000 | $9,258 |
| 2021 | $334,000 + $549,000 $883,000 | $8,838 |
| 2020 | $348,000 + $579,000 $927,000 | $9,130 |
| 2019 | $343,000 + $552,000 $895,000 | $7,946 |
| 2018 | $489,000 + $368,000 $857,000 | $8,688 |
| 2017 | $446,000 + $336,000 $782,000 | $7,677 |
| 2016 | $400,000 + $306,000 $706,000 | $7,099 |
| 2015 | $343,000 + $262,000 $605,000 | $5,974 |
| 2014 | $331,000 + $253,000 $584,000 | $6,336 |
| 2013 | $284,000 + $230,000 $514,000 | $5,698 |
| 2012 | $245,000 + $397,000 $642,000 | $6,606 |
| 2011 | $266,000 + $397,000 $663,000 | $6,447 |
| 2009 | $382,000 + $427,000 $809,000 | $6,663 |
| 2007 | $349,000 + $390,000 $739,000 | $6,036 |
Listed 2024-06-26
$1,750,000
NWMLS
Listed 2024-06-20
$1,750,000
NWMLS
Sold 2004-09-10
$600,000
Public Record
Sold 1997-10-10
$325,000
Public Record
Sold 1989-12-08
$116,000
Public Record
$1,750,000
NWMLS
Listed 2024-06-20
$1,750,000
NWMLS
Sold 2004-09-10
$600,000
Public Record
Sold 1997-10-10
$325,000
Public Record
Sold 1989-12-08
$116,000
Public Record
Net Operating Income: 63814
Operating Expense: 30453
Operating Expense: 30453
Electric Expense: 171
Power Production Type: NaturalGas
Sewer: Available
Power Production Type: NaturalGas
Sewer: Available
Building Area Total: 3560
Building Area Units: Square Feet
Building Name: Pleasant Valley Addition
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 31
Roof: Composition
Building Total Stories: 2
Structure Type: Duplex
House Style: Duplex
Elevation Units: Feet
Building Area Units: Square Feet
Building Name: Pleasant Valley Addition
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 31
Roof: Composition
Building Total Stories: 2
Structure Type: Duplex
House Style: Duplex
Elevation Units: Feet
Click Thumbnail Images To View Full Size
 |  |  |  |  |
 |  |  |  |  |
 |  |  | ||
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.