About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

1611 E Spring St, Seattle, WA 98122

$1,382,000

Last sold 11/03/2021 for $1.43M

—
bed
—
bath
2,937
Sqft ($488/Sqft)

House not for sale

About 1611 E Spring St

Property type House

Neighborhood

Year built 1901

HOA fee $0/month

Lot size 2,400 Sqft

Movoto estimate

Property 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 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.

Listed by

Listing Agent - Peter Wolf

Listing Office - Windermere West Metro

Source: NWMLS

MLS#1838092 • last updated 2 years ago

Movoto checked NWMLS for data 9 minutes ago

Overview
Levels/Style	Triplex
MLS #	1838092
SubType	Multi-Family
Type	Residential Income
SqFt	2937
Status	Sold
Lot Size (SqFt)	2400
Lot Size (Acres)	0.0551
Property Tax	7228
Buying Office	Windermere Real Estate Co.
Year Built	1901
Buying Office Phone	206-448-6000
HOA Fee	Annually, 0
Condition	Good

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	3
# Parking Spaces	3
# Uncovered Spaces	3
Exterior Features	Wood

Amenities / Utilities
Sewer/ Septic	Sewer Connected, SPU
Water	Public
Water Company	SPU
Power Company	Seattle City Light
Power Production: Type	Electric, Natural Gas
Security Features	FullyFenced

Location
View	Territorial
County	King
Subdivision	Capitol Hill
Area	390 - Central Seattle
Elementary School	Madrona Elementary
Middle School	Meany Mid
High School District	Seattle
High School	Garfield High
APN	7234600761
Zoning	Multi-Family

Multifamily Details
Net Operating Income	79827
Capitalization Rate	5.2
Expense: Insurance	1172
Gross Scheduled Income	97200
Expense: Other	1800
Gross Adjusted Income	94284
Total Expenses	14457
Gross Rent Multiplier	16
Nwm_Totalmonthlyincome	8100
Vacancy Rate	3

Lot/ Land Details
Site Features	Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet

$1.38M

Range: $1.2M-$1.56M

Last 30 days

Rental est.: $725/month

• Gross rent multiplier: 164.7

Lower your payment with the loan terms that fit you.

Nov 2021
Public Records
Nov 3, 2021 Sold
$1,432,500
Nov 2021
MLS # 1842163
Nov 3, 2021 Sold
$1,432,500
Oct 12, 2021 Pending
—
Sep 14, 2021 Listed
$1,525,000
Nov 2021
MLS # 1838092
Nov 3, 2021 Sold
$1,432,500 (-2.2%)
Oct 12, 2021 Pending
—
Sep 24, 2021 Price Change
$1,465,000 (-3.9%)
Sep 14, 2021 Listed
$1,525,000
Jul 2021
MLS # 1812772
Jul 21, 2021 Listed
$1,525,000 (+0.7%)
Jul 2021
MLS # 1811761
Jul 21, 2021 Listed
$1,515,000 (+359.1%)
May 2001
MLS # 21041976
May 1, 2001 Sold
$330,000
Mar 26, 2001 Listed
$330,000 (+3.1%)
Apr 2001
Public Records
Apr 30, 2001 Sold
$330,000
Dec 2000
MLS # 20141061
Dec 20, 2000 Sold
$320,000
Nov 28, 2000 Listed
$319,900

Year Property taxes Tax assessment
2024
$9,817 +11.0%

$1,017,000 -2.49%
2023
$8,844 -0.6%

$1,043,000 +7.86%
2022
$8,893 +23.0%

$967,000
2021
$7,228 +3.8%

$967,000 +34.31%
2020
$6,961 +9.9%

$720,000 -1.23%
2019
$6,331 +4.0%

$729,000 +19.9%
2018
$6,086 +51.6%

$608,000 +22.33%
2015
$4,014

$497,000

1611 E Spring St
$1.43M
Minor
$734K -19% y/y
98122
$799K -19% y/y
Seattle
$695K -13% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
917 17th Ave, Seattle, WA 98122	$1,072,000	3/2	1,470	0.04
1609 20th Ave, Seattle, WA 98122	$1,746,200	—/—	—	0.04
915 17th Ave, Seattle, WA 98122	$1,239,000	2/1	1,840	0.04
912 16th Ave, Seattle, WA 98122	$1,705,000	6/1	2,950	0.04
915 16th Ave, Seattle, WA 98122	$1,769,000	6/1	2,620	0.05
1610 E Marion St, Seattle, WA 98122	$822,000	1/1	940	0.06
909 16th Ave, Seattle, WA 98122	$1,111,000	3/1	1,660	0.06
907 16th Ave, Seattle, WA 98122	$1,337,000	4/1	2,290	0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.