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  • Listed by: Blake Investment Advisors
    Bought with: Windermere Real Estate Central
    $1,940,000

    8523 23rd Avenue NE, Seattle, WA 98115

    --beds
    --baths
    --sqft
    Multi Family
    Built in 1970
    -- sqft lot
    $1,594,400 Zestimate®
    $--/sqft
    $2,370 Estimated rent

    Home value

    $1,594,400

    $1.47M - $1.74M

    $2,370/mo

    Zestimate® history
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    What's special

    Hot water circulation pump
    SELLER FINANCING with POSITIVE LEVERAGE ~ Investors can acquire a well-maintained asset with improvements that combine to create a turnkey investment and durable income stream via attractive purchasing terms offered by the seller. Terms include a 25% down payment, a 4.5% rate with interest-only payments, and a 7-year term. Improvements like ductless mini-split heat pumps, which are significantly more efficient and provide heat and air conditioning to the units. A new 25-year roof was placed in service 5 years ago, new water heaters, and a hot water circulation pump create ready-to-use hot water on-demand saving time and money. Opportunity exists to institute utility bill back and install washers and dryers in the units to increase rents.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gabe Blake,

    Blake Investment Advisors,

    Joshua Blake,

    Blake Investment Advisors

    Bought with:

    Rolan Eleazar, 128923

    Windermere Real Estate Central

    Source: NWMLS as distributed by MLS GRID,MLS#: 2197876MLS Logo

    Facts & features

    Interior

    Heating
    • Ductless HP-Mini Split, Electric
    Cooling
    • Has cooling: Yes
    Features
    • Flooring: Vinyl Plank
    • Windows: Thermal Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Total spaces: 7
    • Parking features: Open
    • Uncovered spaces: 7
    Lot
    • Size: 6,259 sqft
    Details
    • Parcel number: 5101400472
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Products
    • Roof: Composition
    Condition
    • Very Good
    • Year built: 1970

    Utilities & green energy

    • Sewer: Sewer Connected
    Green energy
    • Energy efficient items: Thermal Windows

    Community & neighborhood

    Location
    • Region: Seattle
    • Subdivision: Wedgwood

    Other

    Other facts
    • Cumulative days on market: 937 days

    Price history

    DateEventPrice
    4/1/2024Sold$1,940,000-3%
    Source: NWMLS as distributed by MLS GRID #2197876 Report a problem
    3/2/2024Pending sale$2,000,000
    Source: NWMLS as distributed by MLS GRID #2197876 Report a problem
    2/7/2024Listed for sale$2,000,000-9.1%
    Source: NWMLS as distributed by MLS GRID #2197876 Report a problem
    4/18/2023Listing removed--
    Source: FSBO-Online.com Report a problem
    1/18/2023Listed for sale$2,200,000+12.8%
    Source: FSBO-Online.com Report a problem
    7/29/2021Listing removed--
    Source: Owner Report a problem
    4/22/2021Price change$1,950,000+21.9%
    Source: Owner Report a problem
    2/27/2021Listed for sale$1,600,000+3.2%
    Source: Owner Report a problem
    2/11/2021Listing removed--
    Source: Local MLS Report a problem
    1/29/2021Price change$1,550,000+3.7%
    Source: COMPASS #1687743 Report a problem
    11/10/2020Listed for sale$1,495,000+327.1%
    Source: COMPASS #1687743 Report a problem
    2/7/2018Listing removed$1,475
    Source: Owner Report a problem
    1/31/2018Price change$1,475-11.9%
    Source: Owner Report a problem
    1/29/2018Listed for rent$1,675
    Source: Owner Report a problem
    1/7/2002Sold$350,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,927 +11.4%$979,000 +4.1%
    2024$9,809 -8.4%$940,000 -11.8%
    2023$10,713 +11%$1,065,200
    2022$9,655 -6.8%$1,065,200
    2021$10,356 -4.2%$1,065,200
    2020$10,807 +12.8%$1,065,200 +12.4%
    2019$9,577 +16.2%$948,000 +5.1%
    2018$8,238 -3.1%$902,000 +10.8%
    2017$8,501 +65.5%$814,000 +11.5%
    2016$5,136 $730,000 +16.1%
    2015$5,136 $629,000 +27.1%
    2014$5,136 $495,000 +5.1%
    2013$5,136 $471,000 +0.2%
    2012-- $470,000 +24.8%
    2011-- $376,600 -36.8%
    2010-- $595,700
    2009-- $595,700 +28.4%
    2007-- $464,000 +18.4%
    2006-- $392,000 -4.2%
    2005-- $409,000 +27.4%
    2001$3,790 +8.5%$321,000 +14.7%
    2000$3,491 $279,900

    Find assessor info on the county website

    Neighborhood: Wedgwood

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,594,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,594,400