Sold
Last Sold Price
5,514 sqft

1021 N 50th St, Seattle, WA 98103

Multi FamilyProperty Type
0.11 acresLot Size
1955Year Built
$499/sq ftPrice per sq ft
7 carsParking Spaces

Description

Turn-key & low maintenance 7 unit in a fantastic location/across from Woodland Pk. Walk to Green Lake, Wallingford & Fremont. Down to the studs remodel (2007) included all copper plumbing, 100% rewired & new electric panels, new windows, 50yr roof, insulation, new kitchens & baths. High-end finishes include gorgeous hardwoods, granite counters, stainless appliances & stamped concrete patio entrances. Large windows let in great natural light & overlook the park. Easy commute to SLU & downtown.Turn-key & low maintenance 7 unit in a fantastic location/across from Woodland Pk. Walk to Green Lake, Wallingford & Fremont. Down to the studs remodel (2007) included all copper plumbing, 100% rewired & new electric panels, new windows, 50yr roof, insulation, new kitchens & baths. High-end finishes include gorgeous hardwoods, granite counters, stainless appliances & stamped concrete patio entrances. Large windows let in great natural light & overlook the park. Easy commute to SLU & downtown.
  • Listed by: Carla Valente 206.527.1777 carla@lakere.com • Lake & Company
Listing closed: 05/29/2020 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1564922
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Location

Listing Courtesy of Lake & Company

Sold By Windermere Real Estate Co.

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30 year fixed, 7.03% Interest

Principal and Interest

$14,681

Property Taxes

$1,640

HOA Dues

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Property Information for 1021 North 50th Street

Property Details

  • Taxes: $19,677 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: Green Lake
  • School District: Seattle
  • View: See Remarks
  • Number of Assigned Spaces: 7
  • Total Covered Parking: 1
  • Offers Review Date: 02-25-2020
  • Entry Date: 02-19-2020
  • Sewer: Sewer Connected

Building Information

  • Stories: 3
  • Residences: 7
  • Year Built: 1955
  • Lot Size: 0.11 AC / 5,000 SF

Summary

Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Patio
  • Area: _705BallardGreenlak
  • Effective Year Built Source: See Remarks
  • Directions: Green Lake Way N to 50th, west to 1021.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes

Interior and Exterior Features

Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Hardwood, Carpet
  • Features: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Amenities: Basement,Coin Op Laundry,Storage,Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Cement Planked
  • Roof: Composition

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 6437
  • Power Company: Seattle City Light
  • Sewer Company: Seattle
  • Water Company: Seattle
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Year Built Effective: 2007
  • Photos Count: 24
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 50 x 100
  • Lot Size Source: Realist
  • Parcel Number Free Text: 9521101410
  • Building Condition: Very Good
  • Calculated Square Footage: 5514
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5514.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows

Multi Family

Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 3
  • Vacancy Rate: 1
  • Number Of Units Total: 7
  • Units Below Grade: false
  • Units In Building Total: 7
Financing / Income and Expenses
  • Electric Expense: $431
  • Total Expenses: 33761
  • Gross Adjusted Income: 175171
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $176,940
  • Insurance Expense: $1,589
  • Net Operating Income: $141,410
  • Other Expenses: $5,627
  • Total Monthly Income: 14745
  • Fuel Expense: $0

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4316.0
  • Leasable Area Units: Square Feet

Property History for 1021 North 50th Street

DateEvent & SourcePriceAppreciation
May 29, 2020

Sold

NWMLS #1564922

$2,750,000—
May 20, 2020

Sold (Public Record)

Public Record #668653528

$2,750,000

+7.9% / yr

Feb 26, 2020

Pending

NWMLS #1564922

—
DateEvent & SourcePrice
05/29/2020

Sold

NWMLS #1564922

$2,750,000
05/20/2020

Sold (Public Record)

Public Record #668653528

$2,750,000

+7.9% / yr

02/26/2020

Pending

NWMLS #1564922

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

1021 North 50th Street

Total Finished SqFt

4,316 SqFt

Above Ground SqFt

4,316 SqFt

Stories

2

Lot Size

5,000 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1955

Schools near 1021 North 50th Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
B F Day Elementary School
PublicPK to 5

Hamilton International Middle School
Public6 to 8

Lincoln High School
Public9 to 12

McDonald International School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lake & Company

Based on information submitted to the MLS GRID as of 09/05/2024 05:39 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.