1612 North 38th Street

Seattle, WA 98103

$1,125,000
Price
4
Beds
2.5
Baths
1,850 Sq. Ft.
$608 / Sq. Ft.
1,850
Sq. Ft.
$608
per Sq. Ft.

Description

This conveniently located legal duplex offers versatile living options with income potential, perfect for multi-generational living or savvy investors seeking an opportunity to offset expenses. Formerly an Airbnb, this home features a new roof, separately metered units with tankless water heaters for each, off-street parking, a basement for storage, a stone patio for entertaining, and a private fenced backyard. Minutes from I-5, this home boasts close proximity to John Stanford International and...This conveniently located legal duplex offers versatile living options with income potential, perfect for multi-generational living or savvy investors seeking an opportunity to offset expenses. Formerly an Airbnb, this home features a new roof, separately metered units with tankless water heaters for each, off-street parking, a basement for storage, a stone patio for entertaining, and a private fenced backyard. Minutes from I-5, this home boasts close proximity to John Stanford International and other top schools, Gas Works Park, and University of Washington. Enjoy breathtaking Seattle skyline views from both units, let a gentle breeze through the double French doors on the balcony, or unwind on the charming wrap-around porch down below.
  1. Listed by Dexter Peterson • Agencyone Tacoma

Property Details for 1612 North 38th Street

Community Name
Wallingford
School District
Seattle
View
See Remarks, Territorial
Number of Assigned Spaces
1
Total Covered Parking
0
Entry Date
03-14-2024
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected

Location

Listing Courtesy of Agencyone Tacoma
Add your commute
LISTING UPDATED: 04/21/2024 07:22 PM

Property Details for 1612 North 38th Street

StatusPending
MLS #2210743
Days on Market38
Cumulative Days on Market27
Taxes$8,510 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1902
Lot Size0.06 AC / 2,400 SF
CountyKing County

Location

Listing Courtesy of Agencyone Tacoma
Add your commute

Virtual Tour

Building Information for 1612 North 38th Street

Stories2Residences2Year Built1902Building Size-Lot Size0.06 AC / 2,400 SF

Payment Calculator

$6,849 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,140

Property Taxes

$709

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1612 North 38th Street

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Deck, Fenced-Fully, Patio
  • Area: 705 - Ballard/Greenlake
  • Block: 39
  • Elementary School: John Stanford Intl
  • Middle Or Junior School: Hamilton Mid
  • High School: Lincoln High
  • Directions: From NE 45th St: Head South on Wallingford Ave N, West on N 38th St, straight around the roundabout at Densmore to the home on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
  • Additional Tax Ids: 408330-3885
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
Virtual Tour
Interior and Exterior Features
Interior Features
  • Floor Covering: Ceramic Tile, Engineered Hardwood, Carpet
  • Features: Ceramic Tile, Wall to Wall Carpet
  • Amenities: Basement,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Tankless Water Heater
Exterior Features
  • Exterior: Brick, Wood Products
  • Roof: Composition
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2400
  • Power Company: PSE
  • Sewer Company: PUD
  • Water Company: PUD
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Post & Pillar, Poured Concrete
  • Zoning Class: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Size Dimensions: 40x60
  • Lot Number: 6
  • Lot Size Source: Realist
  • Parcel Number Free Text: 4083303885
  • Building Condition: Good
  • Calculated Square Footage: 1850
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1850.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 1
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 17135.82
  • Gross Adjusted Income: 68400
  • Gross Rent Multiplier: 15.2
  • Gross Scheduled Income: $72,000
  • Insurance Expense: $5,026
  • Net Operating Income: $64,800
  • Other Expenses: $0
  • Total Monthly Income: 6000
  • Fuel Expense: $1,200
Unit 1
  • Name Unit 1: A
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1050
  • Rent Unit 1: $3,500.00
  • Bedrooms Unit 1: 3
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: B
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 800
  • Rent Unit 2: $2,500.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 1850.0
  • Leasable Area Units: Square Feet

Property History for 1612 North 38th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1612 North 38th Street

Taxable ValueLand$431,000Additions$537,000Total$968,000
Tax Record2022$8,235 ($686 / month)
Home Facts
Baths2.5Total Finished SqFt1,850 SqFtAbove Ground SqFt1,850 SqFtStories2Lot Size2,400 SqFtStyleDuplexYear Built1902ZoningNR3CountyKINGAPN408330-3885

Schools near 1612 North 38th 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

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Agencyone Tacoma

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.