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$949,000   Price Analysis
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7311 47th Ave SW
Seattle, WA 98136
Unknown bed None bath 1,884 SqFt ($503/SqFt)
3,200SqFt lot. Built 1979
Listed 2024-03-14, Taxes $7,396
Ⓧ USDA Ineligible
due to price & location

near Seattle

Location

Location, Location! This stunning two-story townhouse-style duplex boasts an unbeatable West Seattle address, steps away from the tranquility of Lincoln Park and the convenience of the Fauntleroy ferry dock. Perfect for Investors and Owner-Occupants: two vast units, each boasting 2 bedrooms, 1.5 bathroom s, a cozy fireplace and a private fenced patios.

Plus, in-unit washer and dryer. Live the West Seattle Dream: Imagine mornings spent strolling through the park, a quick downtown commute or Double the Opportunity: Current tenants are on month-to-month leses, giving you the flexibility to either move in one unit and rent out the other for passive income or rent out both units and maximize your investment. Lots of opportunity here!


Presented by Dustin Keeth at
Windermere RE South Inc.


Property MLS #2205935 from NWMLS

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

Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes

Wood

Lot Description: Alley, Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.0734619
Lot Size Dimensions: 40 by 80
Lot Size Square Feet: 3200

Open Parking Spaces: 2
Open Parking: Yes
Parking Total: 4

Elementary School: Gatewood
High School: West Seattle High
High School District: Seattle
Middle School: Madison Mid

Gatewood Elementary School is a public elementary school located approximately 0.3 miles away.
directions icon Map directions

Madison Middle School is a public middle school located approximately 2.4 miles away.
directions icon Map directions

West Seattle High School is a public high school located approximately 2.7 miles away.
directions icon Map directions

Gatewood Private School is a private elementary and middle school located approximately 0.2 miles away.
directions icon Map directions

Gross Scheduled Income: 30582
Leasable Area: 1966
Leasable Area Units: Square Feet

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1.5
Total Bathrooms in Unit-2: 1.5
Unit-1 Description: 7309
Unit-2 Description: 7311
Unit-1 Square Feet: 988
Unit-2 Square Feet: 896
Unit 1 Total Actual Rent: 1800
Unit 2 Total Actual Rent: 1500

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 7397
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 3.08
Directions: Fauntleroy Way SW turn left on 47th Ave SW
Tax Year: 2023
Source Property Type: Multi-Family
Possible Use: Residential
Insurance Expense: 1621
Area: 140 - West Seattle
List Development Name: Lincoln Park
Source Neighborhood: Lincoln Park
Parcel Number: 4315700600
Street Suffix Modifier: Avenue
Subdivision: Lincoln Park
Zoning: Residential
Source System Name: C2C
Buyer Agent Commission: 2.5

YearAssessments
Building + Land
Total
Tax
2023$449,000 + $399,000
$848,000
$7,396
2022$365,000 + $345,000
$710,000
$6,752
2021$333,000 + $316,000
$649,000
$6,505
2020$336,000 + $319,000
$655,000
$6,476
2019$332,000 + $315,000
$647,000
$5,758
2018$380,000 + $204,000
$584,000
$5,953
2017$331,000 + $180,000
$511,000
$5,057
2016$312,000 + $171,000
$483,000
$4,880
2015$269,000 + $150,000
$419,000
$4,156
2014$242,000 + $134,000
$376,000
$4,111
2013$203,000 + $128,000
$331,000
$3,698
2012$289,000 + $114,000
$403,000
$4,047
2011$284,000 + $112,000
$396,000
$4,077
2009$346,000 + $137,000
$483,000
$4,011
2007$312,000 + $124,000
$436,000
$3,856

Price Changed 2024-06-26
$949,000
NWMLS
Price Changed 2024-04-18
$975,000
NWMLS
Listed 2024-03-14
$995,000
NWMLS
Sold 1983-03-30
$104,500
Public Record

Net Operating Income: 30582
Operating Expense: 9018

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

Building Area Total: 1884
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 45
Property Condition: Good
Roof: Composition
Building Total Stories: 2
Structure Type: Duplex
House Style: Duplex
Elevation Units: Feet

Security Features: FullyFenced
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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.