517 Newton Street
517 Newton Street
Seattle, WA 98109
$3,200,000
Last Sold Price
9
Beds
11
Baths
6,208 Sq. Ft.
$515 / Sq. Ft.
6,208
Sq. Ft.
$515
per Sq. Ft.
Sold 9/12/22
Sold 9/12/22
Listing provided courtesy of Paragon Real Estate Advisors
Description
This low rise view property on Queen Anne has two structures on one large developable tax parcel. The Newton St building has 5 units - all 1BD/1BTH, 558-561 SqFt units. The Taylor Ave building has 6 units - two Studio units at 473 SqFt and four 1BD/1BTH, 595 - 665 SqFt units. The current owner has provided rent increase notices to some of the units that will be effective November 1st, see rent roll page for current lease breakdown. Seller Financing of 25% down interest only may be available for well-qualified...This low rise view property on Queen Anne has two structures on one large developable tax parcel. The Newton St building has 5 units - all 1BD/1BTH, 558-561 SqFt units. The Taylor Ave building has 6 units - two Studio units at 473 SqFt and four 1BD/1BTH, 595 - 665 SqFt units. The current owner has provided rent increase notices to some of the units that will be effective November 1st, see rent roll page for current lease breakdown. Seller Financing of 25% down interest only may be available for well-qualified buyers. Additional address is 1921 Taylor Avenue N.
- Listed by Michael Urquhart • Paragon Real Estate Advisors
- Listed by Eric P. Smith • Paragon Real Estate Advisors
Property Details for 517 Newton Street
Community Name
Queen Anne
School DistrictSeattle
Number of Assigned Spaces0
Total Covered Parking0
Entry Date08-15-2022
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By Paragon Real Estate Advisors
Add your commute
LISTING UPDATED: 09/12/2022 01:51 PM
Property Details for 517 Newton Street
| Status | Sold |
|---|---|
| MLS # | 1983509 |
| Days on Market | 11 |
| Cumulative Days on Market | 567 |
| Taxes | $26,013 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1950 |
| Lot Size | 0.16 AC / 7,136 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Sold By Paragon Real Estate Advisors
Add your commute
Building Information for 517 Newton Street
Stories3Residences11Year Built1950Building Size-Lot Size0.16 AC / 7,136 SF
Payment Calculator
$19,631 per month
30 year fixed, 7.25% Interest
Principal and Interest
$17,464
Property Taxes
$2,168
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 517 Newton Street
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 700 - Queen Anne/Magnolia
- Directions: From Downtown Seattle, head northwest toward Madison St. Take 1st Ave and Taylor Ave N to Newton St. Turn right onto Newton St.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Fireplace: No
- Heating: Yes
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Heating and Cooling: Baseboard
- Water/Sewer/Garbage: 17725
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 26
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 1689400905
- Calculated Square Footage: 6208
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6208.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Common Interest: Multi-Family
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 3
- Vacancy Rate: 3
- Number Of Units Total: 11
- Units Below Grade: true
- Units In Building Total: 11
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 72470
- Gross Adjusted Income: 196600
- Gross Rent Multiplier: 15.3
- Gross Scheduled Income: $202,680
- Insurance Expense: $5,500
- Net Operating Income: $124,129
- Other Expenses: $23,232
- Total Monthly Income: 16890
- Fuel Expense: $0
Unit 1
- Name Unit 1: Taylor 1
- Square Feet Unit 1: 473
- Rent Unit 1: $1,255.00
- Bedrooms Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: Taylor 2
- Square Feet Unit 2: 473
- Rent Unit 2: $1,255.00
- Bedrooms Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: Taylor 3
- Square Feet Unit 3: 665
- Rent Unit 3: $1,515.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: Taylor 4
- Square Feet Unit 4: 600
- Rent Unit 4: $1,430.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: Taylor 5
- Square Feet Unit 5: 600
- Rent Unit 5: $1,520.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: Taylor 6
- Square Feet Unit 6: 595
- Rent Unit 6: $1,675.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: Newton 1
- Square Feet Unit 7: 561
- Rent Unit 7: $1,340.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: Newton 2
- Square Feet Unit 8: 561
- Rent Unit 8: $1,505.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: Newton 3
- Square Feet Unit 9: 561
- Rent Unit 9: $1,600.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: Newton 4
- Square Feet Unit 10: 561
- Rent Unit 10: $1,540.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: Newton 5
- Square Feet Unit 11: 558
- Rent Unit 11: $1,235.00
- Bedrooms Unit 11: 1
- Bathrooms Unit 11: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6208.0
- Leasable Area Units: Square Feet
Property History for 517 Newton Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 517 Newton Street
Taxable ValueLand$1,684,000Additions$1,747,000Total$3,431,000
Tax Record2022$28,727 ($2,394 / month)
Home Facts
Total Finished SqFt6,204 SqFtAbove Ground SqFt6,204 SqFtStories2Lot Size7,136 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated1994ZoningLR3 (M)CountyKINGAPN168940-0905
Schools near 517 Newton 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 - | K to 5 |
Rating | School | Distance |
|---|---|---|
Hay Elementary School PublicK to 5 | ||
Mcclure Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
Queen Anne Elementary 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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Listing Courtesy of Paragon Real Estate Advisors
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.