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2617 E Thomas St, Seattle, WA 98112

$1,058,000
Last sold 04/16/2010 for $530K
—
bed
—
bath
2,408
Sqft ($220/Sqft)

House not for sale

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About 2617 E Thomas St

Property type House

Neighborhood

Year built 1901

HOA fee $0/month

Lot size 3,200 Sqft

Movoto estimate

Property description

Great location for this prime Madison Valley duplex. Just steps from Madison Street! Lower unit is 3bed/1ba. and upper unit is 2 bed/2ba.. with Valley views. Upper unit is currently vacant and would be perfect for an owner to occupy and rent out the lower unit or rent both for a 6% cap rate!! Both units have washer/dryers. 4 off street parking spots. Both units were updated in 2006 and are in good condition. Additional storage for each unit. This is an ideal investment that won't last long!

Listed by

Listing Agent - Stephen Saunders

Listing Office - Coldwell Banker Bain

Source: NWMLS

MLS#36739 • last updated 1 year ago

Movoto checked NWMLS for data 42 minutes ago

Overview
Levels/Style	Duplex
MLS #	36739
SubType	Multi-Family
Type	Residential Income
SqFt	2408
Status	Sold
Lot Size (SqFt)	3200
Lot Size (Acres)	0.0735
Property Tax	4682
Buying Office	TheMLSonline.com
Year Built	1901
Buying Office Phone	425-467-6577
HOA Fee	Annually, 0
Condition	Remodeled

Interior

Exterior
Roof	Composition
# Open Parking Spaces	4
# Parking Spaces	4
# Uncovered Spaces	4
Exterior Features	Metal/Vinyl

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Natural Gas
Security Features	FullyFenced
HOA Amenities	Storage, Thermal Windows

Location
View	Territorial
County	King
Subdivision	Madison Valley
Area	390 - Central Seattle
High School District	Seattle
APN	9828701760
Directions	From Madison Go South On MLK Then West On Thomas.
Zoning	Multi-Family

Multifamily Details
Net Operating Income	34513
Capitalization Rate	6
Expense: Insurance	635
Gross Scheduled Income	40440
Expense: Other	350
Gross Adjusted Income	40440
Total Expenses	5927

Lot/ Land Details
Site Features	Deck, Fenced-Partially, Gas Available

$1.05M

Range: $804K-$1.31M

Last 30 days

Rental est.: $1,184/month

• Gross rent multiplier: 37.3

Lower your payment with the loan terms that fit you.

Apr 2010
Public Records
Apr 16, 2010 Sold
$530,100
Apr 2010
MLS # 36739
Apr 16, 2010 Sold
$530,100 (-7.0%)
Mar 9, 2010 Listed
$569,950 (+33.8%)
Sep 2006
Public Records
Sep 28, 2006 Sold
$426,041

2617 E Thomas St
$530K
Mann
$830K -16% y/y
98112
$1.29M -10% y/y
Seattle
$679K -15% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
231 27th Ave E, Seattle, WA 98112	$916,000	3/1	1,510	0.01
235 27th Ave E, Seattle, WA 98112	$1,018,000	4/2	1,980	0.01
2616 E Thomas St, Seattle, WA 98112	$1,041,000	3/1	1,340	0.03
303 27th Ave E, Seattle, WA 98112	$1,127,000	4/1	2,030	0.03
219 27th Ave E, Seattle, WA 98112	$867,000	3/1	1,270	0.03
234 27th Ave E, Seattle, WA 98112	$1,085,000	3/2	2,460	0.04
230 27th Ave E, Seattle, WA 98112	$1,130,000	3/3	1,910	0.04
222 27th Ave E, Seattle, WA 98112	$1,002,000	3/2	1,590	0.04

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