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

2511 N 50th St, Seattle, WA 98103

$1,749,000

Last sold 08/06/2021 after 81 Days

—
bed
—
bath
3,850
Sqft ($454/Sqft)

House not for sale

About 2511 N 50th St

Property type House

Neighborhood

Year built 1909

HOA fee $0/month

Lot size 1,816 Sqft

Property description

The Wallingford Mixed/Use Building is a 5-unit apartment community with one ground floor retail space blocks from the heart of Wallingford. This location is best known for its high level of walkability offering tenants great access to parks, recreation, neighborhood cafes, pubs, restaurants, boutique shopping, a high-quality grocery store, and many other services without losing its quaint residential feel. Nearby Interstate 5 and Highway 99 conveniently connects commuters to the employment centers of Downtown Seattle, University of Washington and the Amazon headquarters in South Lake Union which is only 4 miles away.

Listed by

Listing Agent - Chad Martini

Listing Office - Paragon Real Estate Advisors

Source: NWMLS

MLS#1776021 • last updated 2 years ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Levels/Style	Multi Family
MLS #	1776021
SubType	Multi-Family
Type	Residential Income
SqFt	3850
Status	Sold
Lot Size (SqFt)	1816
Lot Size (Acres)	0.0417
Property Tax	13996
Buying Office	Paragon Real Estate Advisors
Year Built	1909
Buying Office Phone	206-623-8880

Exterior
Foundation	Poured Concrete
Roof	Composition

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Power Production: Type	Electric

Location
County	King
Subdivision	Wallingford
Area	705 - Ballard/Greenlake
High School District	Seattle
APN	7834800010
Directions	I5 To NE 50th. Merge Onto 50th St NE. Property Will Be On The Left.
Zoning	Multi-Family

Multifamily Details
Net Operating Income	81068
Capitalization Rate	4.63
Expense: Insurance	2553
Gross Scheduled Income	123768
Expense: Other	11226
Gross Adjusted Income	121293
Total Expenses	40225
Gross Rent Multiplier	14
Nwm_Totalmonthlyincome	10314
Vacancy Rate	2

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Aug 2021
Public Records
Aug 6, 2021 Sold
$1,749,000
Aug 2021
MLS # 1776021
Aug 6, 2021 Sold
$1,749,000
May 28, 2021 Pending
—
May 17, 2021 Listed
$1,750,000 (+100.0%)
Apr 2006
Public Records
Apr 18, 2006 Sold
$875,000
Apr 2006
MLS # 25179876
Apr 18, 2006 Sold
$875,000 (-2.2%)
Dec 13, 2005 Listed
$895,000 (-10.1%)
Jun 2003
MLS # 23030159
Jun 27, 2003 Sold
$995,000
Mar 3, 2003 Listed
$995,000

Year Property taxes Tax assessment
2024
$27,127 +77.7%

$1,333,000 -27.4%
2023
$15,267

$1,836,000
2022
$15,267 +9.1%

$1,836,000 +13.33%
2021
$13,996

$1,620,000

2511 N 50th St
$1.74M
Wallingford
$937K -6% y/y
98103
$765K -12% y/y
Seattle
$695K -13% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
4673 1st Ave Ne, Seattle, WA 98105	$832,000	2/1	910	0.01
4676 Eastern Ave N, Seattle, WA 98103	$1,275,000	8/1	2,510	0.01
4674 Eastern Ave N, Seattle, WA 98103	$1,094,000	3/1	1,430	0.02
4672 Eastern Ave N, Seattle, WA 98103	$948,000	2/1	920	0.02
4669 1st Ave Ne, Seattle, WA 98105	$978,000	3/1	1,910	0.02
4668 Eastern Ave N, Seattle, WA 98103	$1,541,000	4/2	2,970	0.03
4663 1st Ave Ne, Seattle, WA 98105	$966,000	3/2	1,330	0.03
102 Ne 50th St, Seattle, WA 98105	$1,216,000	5/1	1,400	0.03

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