2515 Thorndyke Avenue West

Seattle, WA 98199

$4,350,000
Last Sold Price
3
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This property provides an opportunity to buy a stable, turnkey asset in one of the fastest growing areas of Seattle. The Edge is a multifamily property with an average square footage of 743 square feet per unit. The building was built in 1959 and has undergone significant renovations in the last calendar year. Renovations include beautiful quartz counters, new cabinets, and full-sized washers and dryers in units. The property is located just minutes from Expedia’s future Global Headquarters.This property provides an opportunity to buy a stable, turnkey asset in one of the fastest growing areas of Seattle. The Edge is a multifamily property with an average square footage of 743 square feet per unit. The building was built in 1959 and has undergone significant renovations in the last calendar year. Renovations include beautiful quartz counters, new cabinets, and full-sized washers and dryers in units. The property is located just minutes from Expedia’s future Global Headquarters.
  1. Listed by Jason Kono • Pilot Ventures LLC

Property Details for 2515 Thorndyke Avenue West

Community Name
Magnolia
School District
Seattle
Number of Assigned Spaces
20
Total Covered Parking
10
Entry Date
03-06-2017
Sewer
Sewer Connected

Location

Listing Courtesy of Pilot Ventures LLC

Sold By Westlake Associates, Inc.

Add your commute
LISTING UPDATED: 03/27/2021 11:17 PM

Property Details for 2515 Thorndyke Avenue West

StatusSold
MLS #1086603
Days on Market25
Cumulative Days on Market30
Taxes$21,835 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.24 AC / 10,492 SF
CountyKing County

Location

Listing Courtesy of Pilot Ventures LLC

Sold By Westlake Associates, Inc.

Add your commute

Building Information for 2515 Thorndyke Avenue West

Stories3Residences2Year Built1959Building Size-Lot Size0.24 AC / 10,492 SF

Payment Calculator

$25,559 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,740

Property Taxes

$1,820

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2515 Thorndyke Avenue West

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 700 - Queen Anne/Magnolia
  • Directions: Head West on Dravus, take left on Thorndyke and head south, property will be on West side of street.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2017
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Torch Down
Property
Utilities
  • Electric On Property: No
  • Heating and Cooling: Baseboard
  • Water/Sewer/Garbage: 13622
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electricity Available
Property and Assessments
  • New Construction YN: No
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 6
Lot Information
  • Lot Size Source: King County Parcel Viewer
  • Parcel Number Free Text: 2771600575
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 10
  • Number of Stories in Building: 3
  • Vacancy Rate: 4
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 13
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 74697
  • Gross Adjusted Income: 259776
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $270,600
  • Insurance Expense: $3,111
  • Net Operating Income: $219,999
  • Other Expenses: $0
  • Total Monthly Income: 25460
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 5
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 857
  • Rent Unit 1: $1,968.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 8
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 677
  • Rent Unit 2: $1,589.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 9685.0
  • Leasable Area Units: Square Feet

Property History for 2515 Thorndyke Avenue West

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2515 Thorndyke Avenue West

Taxable ValueLand$1,888,500Additions$2,499,500Total$4,388,000
Tax Record2022$36,898 ($3,075 / month)
Home Facts
Total Finished SqFt10,387 SqFtAbove Ground SqFt10,387 SqFtStories3Lot Size10,492 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959Year Renovated1988ZoningLR3 (M)CountyKINGAPN277160-0575Fireplace TypeHas Fireplace

Schools near 2515 Thorndyke Avenue West

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 - K to 8
Rating
School
Distance
Magnolia Elementary School
PublicK to 5

Mcclure Middle School
Public6 to 8

Ballard High School
Public9 to 12

Cascade Parent Partnership Program
PublicK to 8

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

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Similar Sold Homes

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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 Pilot Ventures LLC

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.