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

406 Summit Ave E, Seattle, WA 98102

$2,733,363
Last sold 05/31/2016 for $2.44M
—
bed
—
bath
4,495
Sqft ($544/Sqft)

House not for sale

Movoto is helping 102 homebuyers near you

About 406 Summit Ave E

Property type House

Neighborhood

Year built 1924

HOA fee $0/month

Lot size 7,200 Sqft

Movoto estimate

Property description

The Summit Terrace is wood framed and covered by an attractive wood shingle and brick façade exterior. The building features a secured entry, a private courtyard and garden, Space needle views, common laundry, and resident storage lockers. Recent major improvement items include a new roof, new electrical system installed in 2006, recently tuck pointed brick façade, and recently painted exterior. The lot is zoned MR and is 7,200 square feet.

Listed by

Listing Agent - Dan Swanson

Listing Office - Kidder Mathews

Source: NWMLS

MLS#905997 • last updated 1 year ago

Movoto checked NWMLS for data 21 minutes ago

Overview
Levels/Style	Multi Family
MLS #	905997
SubType	Multi-Family
Type	Residential Income
SqFt	4495
Status	Sold
Lot Size (SqFt)	7200
Lot Size (Acres)	0.1653
Property Tax	14583
Buying Office	Kidder Mathews
Year Built	1924
Buying Office Phone	360-705-2800

Interior
Interior Features	Hardwood

Exterior
Foundation	Slab
Roof	Composition
Exterior Features	Brick

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric, Natural Gas
HOA Amenities	Coin Op Laundry, Storage

Location
County	King
Subdivision	Capitol Hill
Area	390 - Central Seattle
Elementary School	Lowell
Middle School	Wash Mid
High School District	Seattle
High School	Garfield High
APN	6848200465
Zoning	Multi-Family

Multifamily Details
Net Operating Income	95596
Capitalization Rate	3.98
Expense: Insurance	2253
Gross Scheduled Income	150879
Expense: Other	21192
Gross Adjusted Income	144844
Total Expenses	49248
Gross Rent Multiplier	16
Nwm_Totalmonthlyincome	12573
Vacancy Rate	4

Lot/ Land Details
Site Features	Fenced-Fully, Gated Entry, Patio

$2.73M

Range: $2.46M-$3M

Last 30 days

Rental est.: $746/month

• Gross rent multiplier: 273.1

Lower your payment with the loan terms that fit you.

Dec 2019
Public Records
Dec 9, 2019 Sold
$3,300,000 (+35.1%)
May 2016
Public Records
May 31, 2016 Sold
$2,442,000
May 2016
MLS # 905997
May 31, 2016 Sold
$2,444,000 (+1.8%)
Apr 18, 2016 Pending
—
Mar 7, 2016 Listed
$2,400,000
Mar 6, 2016 Listed
$2,400,000

406 Summit Ave E
$2.44M
Broadway
$549K -48% y/y
98102
$825K -19% y/y
Seattle
$679K -15% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
416 E Harrison St, Seattle, WA 98102	$1,289,000	2/1	1,830	0.04
408 E Harrison St, Seattle, WA 98102	$1,285,000	3/2	1,950	0.05
602 E Harrison St, Seattle, WA 98102	$1,357,000	3/1	2,210	0.06
508 E Republican St, Seattle, WA 98102	$1,131,000	4/1	1,520	0.07
316 Belmont Ave E, Seattle, WA 98102	$1,059,000	3/1	1,690	0.08
312 Belmont Ave E, Seattle, WA 98102	$1,064,000	3/1	1,750	0.09
315 Boylston Ave E, Seattle, WA 98102	$1,026,000	3/1	1,480	0.09
311 Boylston Ave E, Seattle, WA 98102	$1,372,000	3/1	2,180	0.09

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