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1717 Summit Ave, Seattle, WA 98122
1717 Summit Ave, Seattle, WA 98122
1717 Summit Ave, Seattle, WA 98122
1717 Summit Ave, Seattle, WA 98122
1717 Summit Ave, Seattle, WA 98122
1717 Summit Ave, Seattle, WA 98122
1717 Summit Ave, Seattle, WA 98122
1717 Summit Ave, Seattle, WA 98122
1717 Summit Ave, Seattle, WA 98122
Listing courtesy of: David Petersen, Paragon Real Estate Advisors
For Sale (MLS-listed)
$1,695,000

1717 Summit Ave Seattle, WA 98122

Beds: 3
Baths: -
Sq. Ft.: 8,700
$/Sq. Ft.: $195
Lot Size: 6,000 Sq. Ft.
Property Type:Multi-Family
Style:10+ Units
View(s):City
Year Built: 1959
Community: Capitol Hill
County: King
MLS#: 29089724
Source: NWMLS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 158 days
Cumulative: 158 days
Property features spacious units with built-in cabinetry, landscaped courtyard with fountain and rock feature. Hardwood floors, larger two bedroom units have W/ D hookups, an extra large utility room, decks and downtown views. The common areas include secure gated access for residents, covered parking for five vehicles and a common coin op laundry facility. Additional parking is available for rent. Coated enamel plumbing system and a new torch down roof. 100% for the past 2+ years.

Equipment

  • Leased Washer/Dryer

Building Information

  • # of Units: 12
  • Stone Exterior
  • Wood Exterior
  • Torch Down Roof

Unit 1 Information

  • # of Baths: 1
  • Sq. Ft.: 600
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $945
  • Unit Number: Studio

Lot Information

  • General Zoning Class: Multi-Family

Financial Information

  • Cash Out
  • Annual Taxes: $13,416
  • Tax Year: 2009
  • Cap Rate (NOI/LP): 6.02
  • Gross Rent Multiplier: 11
  • Total Monthly Income: $12,634
  • Gross Scheduled Income: $150,588
  • Gross Adjusted Income: $144,564
  • Net Operating Income: $102,036
  • Insurance Expenses: $5,750
  • Water/Sewer/Garbage Expenses: $7,802
  • Other Expenses: $15,561
  • Total Expenses: $42,529
  • Total Expenses: $42,529

Heating & Cooling

  • Wall Heat

Parking Information

  • # of Carport Spaces: 5

Unit 2 Information

  • # of Bedrooms: 1
  • # of Baths: 1
  • Sq. Ft.: 600
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $848
  • Unit Number: 1BD/1BTH

Location Information

  • Map Book: Thomas Guide
  • Central Seattle/Madison Park

School Information

  • School District: Seattle

Utility Information

  • Energy Source: Electric
  • Sewer Connected

Property Features

  • Gated Entry

Unit 3 Information

  • # of Bedrooms: 2
  • # of Baths: 1
  • Sq. Ft.: 975
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $1,158
  • Unit Number: 2BD/1BTH

Property Information

  • Has Units Below Grade
  • Tax ID #: 8804901120
  • Vacancy Rate: 4

Listing last changed

November 19, 2009, 3:44 PM

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Overhead View of 1717 Summit Ave, Seattle, WA 98122

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Property History for 1717 Summit Ave

Date Event Price Appreciation Source
Nov 19, 2009 Price Changed $1,695,000 -- NWMLS #29089724
Jun 23, 2009 Listed $1,775,000 -- NWMLS #29089724
Feb 21, 2007 Sold (Public Records) $1,498,350 -- Public Records

Public Facts for 1717 Summit Ave

Beds: -
Baths: -
Finished Sqft: 8893
Unfinished Sqft: -
Total Sqft: 8893
Floors: 2
Lot Size: 6,000
Style: Multi-Family (5+ Unit)
Year Built: 1959
Year Renovated: 1981
County: King County
APN: 8804901120
Last Updated: November 14, 2009

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $750,000
Additions $904,000
Total $1,654,000
Tax (2009) $13,417

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