1611 E Spring St

Beds
Baths
2,937 Sq. Ft.
$488 / Sq. Ft.
2,937
Sq. Ft.
$488
per Sq. Ft.

Description

Turn-key well located & maintained Capitol Hill triplex. Left front door leads to spacious light-filled top 2 floor unit w/ open concept living. Balcony, gas fireplace, cherry floors (1316 ft, 3/1¾ last rent $3740). Take the front right door to an Airbnb unit (787 ft. 2/¾ market rent=$2500/month or $180-$350/night) w/ updated bath & efficiency kitchen. Natural light streams into large living room. Entrance to the basement apartment (800 1/¾ -market rent=$1700) w/ long-term tenant is on the west side...Turn-key well located & maintained Capitol Hill triplex. Left front door leads to spacious light-filled top 2 floor unit w/ open concept living. Balcony, gas fireplace, cherry floors (1316 ft, 3/1¾ last rent $3740). Take the front right door to an Airbnb unit (787 ft. 2/¾ market rent=$2500/month or $180-$350/night) w/ updated bath & efficiency kitchen. Natural light streams into large living room. Entrance to the basement apartment (800 1/¾ -market rent=$1700) w/ long-term tenant is on the west side of the building. Keep the back storage shed or remove to add extra parking. Low maintenance yard provides set back from street. Close to shopping, Seattle U, Capitol Hill, shops, cafés, parks & more. All units have W/D, gas/electric meters.
  1. Listed by Peter Wolf • Windermere West Metro
    P: (206)-935-7200 peterwolf@windermere.com

Property Details for 1611 East Spring Street

Community Name
Capitol Hill
School District
Seattle
View
Territorial
Number of Assigned Spaces
3
Total Covered Parking
0
Entry Date
09-14-2021
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING CLOSED: 11/03/2021 12:00 AM

Property Details for 1611 East Spring Street

StatusSold
MLS #1838092
Days on Market28
Cumulative Days on Market33
Taxes$7,228 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1901
Lot Size0.06 AC / 2,400 SF
CountyKing County

Location

Listing Courtesy of Windermere West Metro

Sold By Windermere Real Estate Co.

Add your commute

Building Information for 1611 East Spring Street

Stories3Residences3Year Built1901Building Size-Lot Size0.06 AC / 2,400 SF

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$7,884 per month

30 year fixed, 6.55% Interest

Principal and Interest

$7,281

Property Taxes

$602

HOA Dues

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Property Information for 1611 East Spring Street

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
  • Area: 390 - Central Seattle
  • Block: 15
  • Elementary School: Madrona Elementary
  • Middle Or Junior School: Meany Mid
  • High School: Garfield High
  • Effective Year Built Source: Public Records
  • Directions: From 14th St.: East on Spring to 1611, From Union & Broadway East on Union to 16th, South (right) on 16th to Spring Left to 1611. Park behind house in front of storage shed located off alley if open.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Concrete, Engineered Hardwood, Softwood, Carpet
  • Features: Ceramic Tile, Concrete, Fir/Softwood, Wall to Wall Carpet
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4257
  • Power Company: Seattle City Light
  • Sewer Company: SPU
  • Water Company: SPU
  • Power Production Type: Electric, Natural Gas
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1901
  • Photos Count: 36
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 40 x 60
  • Lot Number: 6
  • Lot Size Source: King County
  • Parcel Number Free Text: 7234600761
  • Building Condition: Good
  • Calculated Square Footage: 2937
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2937.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 3
  • Number of Stories in Building: 3
  • Vacancy Rate: 3
  • Number Of Units Total: 3
  • Units Below Grade: true
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 14457
  • Gross Adjusted Income: 94284
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $97,200
  • Insurance Expense: $1,172
  • Net Operating Income: $79,827
  • Other Expenses: $1,800
  • Total Monthly Income: 8100
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2903.0
  • Leasable Area Units: Square Feet

Property History for 1611 East Spring Street

DateEvent & SourcePriceAppreciation
Nov 3, 2021

Sold

NWMLS #1838092

$1,432,500
Oct 22, 2021

Sold (Public Record)

Public Record #1475890873

$1,432,500

+7.4% / yr

Oct 12, 2021

Pending

NWMLS #1838092

DateEvent & SourcePrice
11/03/2021

Sold

NWMLS #1838092

$1,432,500
10/22/2021

Sold (Public Record)

Public Record #1475890873

$1,432,500

+7.4% / yr

10/12/2021

Pending

NWMLS #1838092

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

Public Records for 1611 East Spring Street

Taxable ValueLand$601,000Additions$505,000Total$1,106,000
Tax Record2026$11,450 ($954 / month)
Home Facts
Baths3.2Total Finished SqFt3,400 SqFtAbove Ground SqFt2,650 SqFtFinished Basement SqFt750 SqFtStories2Lot Size2,400 SqFtStyleDuplexYear Built1901Year Renovated1901ZoningLR3 (M)CountyKINGAPN723460-0761

Schools near 1611 East Spring Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Madrona Elementary School
PublicK to 5

Edmonds S. Meany Middle School
Public6 to 8

Garfield High School
Public9 to 12

Residential Consortium
PublicPK to 12

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 Windermere West Metro

Based on information submitted to the MLS GRID as of 09/05/2024 05:43 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.