For Sale
(MLS-listed)
$2,450,000
221 Belmont Ave E Seattle, WA 98102
| Beds: | 0 |
| Baths: | - |
| Sq. Ft.: | 8,700 |
| $/Sq. Ft.: | $282 |
| Lot Size: | 4,800 Sq. Ft. |
| Property Type: | Multi-Family |
| Style: | 10+ Units |
| Stories: | 3 |
| View(s): | Territorial |
| Year Built: | 1928 |
| Community: | Capitol Hill |
| County: | King |
| MLS#: | 29123091 |
| Source: | NWMLS |
| Status: | Active |
| On Redfin: | 89 days |
| Cumulative: | 94 days |
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Westlake Associates is pleased to present The Strand Apartments for sale. This quality 18-unit brick building offers underground secure parking, hardwood floors, new windows, and is ideally located in the heart of Capitol Hill. The Strand is located steps away from coffee shops, restaurants and bars, which is why the property has such an excellent rental history. Constructed in 1928, this building offers the quality construction and architectural charm.
Heating & Cooling
- Radiator Heat
Parking Information
- # of Parking Spaces (Total): 6
- # of Garage Spaces: 6
Lot Information
- Lot Is On Paved Street
- Lot Has Private/Public Sidewalk Access
- Zoning Jurisdiction: City
- General Zoning Class: Multi-Family
Financial Information
- See Remarks Regarding Potential Terms
- Annual Taxes: $16,150
- Tax Year: 2008
- Cap Rate (NOI/LP): 4.80
- Gross Rent Multiplier: 12
- Total Monthly Income: $16,844
- Gross Scheduled Income: $182,880
- Gross Adjusted Income: $190,817
- Net Operating Income: $117,862
- Insurance Expenses: $7,947
- Water/Sewer/Garbage Expenses: $9,157
- Other Expenses: $39,701
- Total Expenses: $72,955
- Total Expenses: $72,955
Utility Information
- Energy Source: Natural Gas
- Public Water Source
- Sewer Connected
Unit 1 Information
- # of Baths: 1
- Sq. Ft.: 475
- Has Range/Oven
- Has Refrigerator
- Monthly Rent: $851
- Unit Number: 15
Location Information
- Map Book: Thomas Guide
- Block: 47
- Lot #: 10
- Central Seattle/Madison Park
School Information
- School District: Seattle
Building Information
- # of Units: 18
- Building Condition: Good
- Brick Exterior
- Flat Roof
- Torch Down Roof
Unit 2 Information
- # of Baths: 1
- Sq. Ft.: 525
- Has Range/Oven
- Has Refrigerator
- Monthly Rent: $920
- Unit Number: 3
Property Information
- Tax ID #: 6848206101
- Vacancy Rate: 4
Listing last changed
October 21, 2009, 3:07 PM
Overhead View of 221 Belmont Ave E, Seattle, WA 98102
Sites Linking to 221 Belmont Ave E
Property History for 221 Belmont Ave E
| Date | Event | Price | Appreciation | Source |
|---|---|---|---|---|
| Oct 21, 2009 | Price Changed | $2,450,000 | -- | NWMLS #29123091 |
| Sep 01, 2009 | Listed | $2,465,000 | -- | NWMLS #29123091 |
| Dec 13, 2006 | Sold (Public Records) | $627,176 | -- | Public Records |
Public Facts for 221 Belmont Ave E
| Beds: | - |
| Baths: | - |
| Finished Sqft: | 9000 |
| Unfinished Sqft: | - |
| Total Sqft: | 9000 |
| Floors: | 3 |
| Lot Size: | 4,800 |
| Style: | Multi-Family (5+ Unit) |
| Year Built: | 1928 |
| Year Renovated: | 1977 |
| County: | King County |
| APN: | 6848200610 |
| Last Updated: | November 14, 2009 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $600,000 |
| Additions | $1,234,000 |
| Total | $1,834,000 |
| Tax (2009) | $14,859 |
Home Value Estimates for 221 Belmont Ave E
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| Range: | $1,495,000 - $3,500,000 |
| Average: | $238/Sq. Ft. |
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Closest homes similar to 221 Belmont Ave E, which sold within the past six months:
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| Range: | $165,000 - $2,619,700 |
| Average: | $170/Sq. Ft. |
Link to this page at
http://www.redfin.com/WA/Seattle/221-Belmont-Ave-E-98102/home/2065852
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Rave Reviews of our Agents
-
Buyer
in Northeast Seattle
(11/17/2009)
About Allie Howard
"We found Allie to be knowledgeable, responsive, helpful, funny, and an all-around pleasure to have on the transaction. …" -
Buyer
in Ballard
(11/09/2009)
About Corey St John
"Excellent. I can't think of a better term to describe our experience with Corey. He went above and beyond what we expe…" -
Buyer
in Northwest Seattle
(10/30/2009)
About Allie Howard
"Allie was wonderful throughout the whole process. We had a very complex situation which required extra effort on her par…"
