NOT LISTED FOR SALE

Estimated Value: $1,085,000 - $1,323,000

5 Beds
3 Baths
2,210 Sq Ft
$543/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $1,165,000 $527 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,644/month

5 Days on Market

Highlights

  • Wood Siding
  • B.F. Day Elementary School Rated A-
  • 4-minute walk to Gilman Playground

About This Home

As of May 2021

Stylishly renovated Ballard Tri-plex zoned LR-1 with 0% vacancy rate makes this an investors dream. With a walk score of 91 and close to transit, restaurants, coffee shops and craft breweries, enjoy the full Ballard experience. Comprised of two 2 bedroom/1 bath units and one 1 bed/one bath unit, this is an owner/user opportunity to take advantage of significant tax benefits while tenants pay the mortgage. Off street parking.

Last Listed By

Teresa Numrich

Lake & Company License #15599 Listed on: 04/02/2021

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1750006

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,528

Year Built

  • Built in 1963

Lot Details

  • 3,758 Sq Ft Lot

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,210 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • Ballard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1982201530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,528

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1963
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2210
  • Special Features: None
  • Cumulative Days on Market: 240

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4930

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1982201530
  • Lot Size Acres: 0.0863
  • Lot Size Sq Ft: 3758
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 6230

Multi Family

  • Net Operating Income: 59958
  • Number Of Units Total: 3
  • Electric Expense: 147
  • Insurance Expense: 1050
  • Leasable Area: 2210
  • EnergySource: Electric
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7528

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2024
Sold by
Koo Eugenia and Dawson Andrew John
Bought by
Koo Dawson Revocable Living Trust and Koo
Total Days on Market
5
Current Estimated Value
$1,199,917

Purchase Details

Listed on
Apr 2, 2021
Closed on
May 6, 2021
Sold by
Crumb Janine and Ellefson Brian
Bought by
Koo Eugenia and Dawson Andrew John
Seller's Agent
Teresa Numrich
Lake & Company
Buyer's Agent
Adam Cothes
eXp Realty
List Price
$1,145,000
Sold Price
$1,165,000
Premium/Discount to List
$20,000
1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.75%
Original Mortgage
$932,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2015
Sold by
Lm Garden Properties Llc
Bought by
Crumb Janine and Ellefson Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,695
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2007
Sold by
Mickelson Laurence E and Tanberg Sharon E
Bought by
Lm Garden Properties Llc

Purchase Details

Closed on
Sep 3, 1997
Sold by
Larzelere Alex R and Larzelere Paul D
Bought by
Mickelson Laurence E and Tanberg Sharon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,450
Interest Rate
7.45%

Purchase Details

Closed on
Apr 7, 1993
Sold by
Thorgrimson Donald Honald
Bought by
Larzelere Paul D

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Koo Dawson Revocable Living Trust $313 None Listed On Document
Koo Eugenia $1,165,000 Old Republic Title Ltd
Crumb Janine $649,950 Nextitle
Lm Garden Properties Llc -- None Available
Mickelson Laurence E $194,950 Transnation Title Insurance
Larzelere Paul D $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koo Eugenia $932,000
Previous Owner Crumb Janine $454,695
Previous Owner Lm Garden Properties Llc $235,000
Previous Owner Mickelson Laurence E $196,250
Previous Owner Mickelson Laurence E $136,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $1,165,000 +1.7% $527 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $1,145,000 -- $518 / 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 $11,368 $1,146,000 $728,000 $418,000
2023 $10,274 $1,074,000 $668,000 $406,000
2022 $10,133 $1,176,000 $631,000 $545,000
2021 $8,313 $1,070,000 $600,000 $470,000
2020 $8,591 $824,000 $346,000 $478,000
2018 $7,720 $842,000 $368,000 $474,000
2017 $6,578 $753,000 $332,000 $421,000
2016 $5,946 $660,000 $291,000 $369,000
2015 $4,784 $581,000 $260,000 $321,000
2014 -- $480,000 $190,000 $290,000
2013 -- $443,000 $176,000 $267,000
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1750006

Northwest Multiple Listing Service (NWMLS)

APN: 198220-1530