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712 Summit Ave E, Seattle, WA 98102

$1,915,000
Last sold 09/25/2014 after 65 Days
—
bed
—
bath

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About 712 Summit Ave E

Property type House

Neighborhood

Year built 1955

HOA fee $0/month

Lot size 7,200 Sqft

Property description

Located in a North Capitol Hill transit-connected neighborhood. Cabana Manor provides residents with ease of a car free lifestyle. Investors benefit from the ability to increase rents by adding an apartment unit. Tours will take place on Tuesday, July 29th from 11:00 am - 2:00 pm. Offers due by 5p on Thursday, July 31st.

Listed by

Listing Agent - Dan Swanson

Listing Office - Kidder Mathews

Source: NWMLS

MLS#671318 • last updated 1 year ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Levels/Style	Multi Family
MLS #	671318
SubType	Multi-Family
Type	Residential Income
Status	Sold
Lot Size (SqFt)	7200
Lot Size (Acres)	0.1653
Property Tax	11528
Buying Office	Kidder Mathews
Year Built	1955
Buying Office Phone	360-705-2800
Condition	Good

Interior
Interior Features	Hardwood

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

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, Seattle City Light
Water	Community
Water Company	Seattle City Light
Power Company	Seattle City Light
Power Production: Type	Electric
HOA Amenities	Basement, Coin Op Laundry, Thermal Windows

Location
County	King
Subdivision	Capitol Hill
Area	390 - Central Seattle
Elementary School	Lowell
Middle School	Buyer To Verify
High School District	Seattle
High School	Buyer To Verify
APN	2163900265
Zoning	Multi-Family

Multifamily Details
Net Operating Income	94090
Capitalization Rate	4.83
Expense: Insurance	2119
Expense: Electricity	5887
Gross Scheduled Income	133956
Expense: Other	14974
Gross Adjusted Income	128598
Total Expenses	34508
Gross Rent Multiplier	15
Nwm_Totalmonthlyincome	11163
Vacancy Rate	4

Rental est.: $746/month

• Gross rent multiplier: 214.0

Lower your payment with the loan terms that fit you.

Sep 2014
Public Records
Sep 25, 2014 Sold
$1,913,400
Sep 2014
MLS # 671318
Sep 25, 2014 Sold
$1,915,000 (-1.8%)
Aug 6, 2014 Pending
—
Jul 22, 2014 Listed
$1,950,000
Jul 21, 2014 Listed
$1,950,000

712 Summit Ave E
$1.91M
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
710 Summit Ave E, Seattle, WA 98102	$1,303,000	3/1	2,290	0.01
706 Summit Ave E, Seattle, WA 98102	$1,188,000	4/1	1,720	0.02
719 Belmont Pl E, Seattle, WA 98102	$2,227,000	4/2	3,630	0.06
735 Boylston Ave E, Seattle, WA 98102	$1,411,000	3/2	2,030	0.06
706 Bellevue Ave E, Seattle, WA 98102	$1,011,000	2/1	1,620	0.07
704 Bellevue Ave E, Seattle, WA 98102	$1,160,000	4/1	1,920	0.07
620 Belmont Ave E, Seattle, WA 98102	$1,710,000	5/1	2,310	0.07
733 Belmont Pl E, Seattle, WA 98102	$2,351,000	4/3	2,760	0.07

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