4051 Letitia Avenue S, Seattle WA, 98118
(Active)
$1,250,000
|
2,890 sqft
|
MLS# 2193473
Last Updated: 5/14/2024 4:22 AM
Description for
4051 Letitia Avenue S
Seattle, WA 98118
Prime Columbia City opportunity on a quiet residential street for investors and developers - a rare find in Seattle's real estate market! Double lot with mountain views, zoned LR2. So many options - separate the lots to sell or build on one, and keep the existing rentals on the other. Current rental income $4,640/mo from two 2-bedroom units, each with a garage. Addl potential with an unfinished third unit. Hot location with several new townhome developments in the neighborhood! Extra bonus: Seller has ready plans for a five townhome development, Buyer to confirm and update as required by the City. Excellent location near all the amenities a city neighborhood has to offer. Quick access to public transit and highways, minutes from downtown.
Price
$1,250,000
Columbia City
King
2,890 (approx)
2193473
Active
Description
Prime Columbia City opportunity on a quiet residential street for investors and developers - a rare find in Seattle's real estate market! Double lot with mountain views, zoned LR2. So many options - separate the lots to sell or build on one, and keep the existing rentals on the other. Current rental income $4,640/mo from two 2-bedroom units, each with a garage. Addl potential with an unfinished third unit. Hot location with several new townhome developments in the neighborhood! Extra bonus: Seller has ready plans for a five townhome development, Buyer to confirm and update as required by the City. Excellent location near all the amenities a city neighborhood has to offer. Quick access to public transit and highways, minutes from downtown.
Listing Information
| Property Type: Triplex, Multi-Family, 3+ Story | ||
| 0.16 Acres | 2,890 (approx) | 1908 |
| 3 | Wood | Multi-Family, Residential |
Columbia City
Public
Sewer Connected
Neighborhood
School Information
| District: Seattle | ||
| John Muir | Wash Mid | Franklin High |
Room Information
Interior Features
Ceramic Tile, Vinyl, Laminate, Carpet
None
Gas Heat,
Forced Air
Ceramic Tile,Laminate,Wall to Wall Carpet
Exterior / Lot Features
4 Parking Spaces,
Wood
Deck
Composition
Mountain, Other
Driving Directions
Follow GPS to 4051 Letitia, property is on the west/hill side. Walk up public staircase to entrance of middle floor unit. Alternate access via alley between Letitia & 34th Ave S, park at property.
Financial Considerations
| 1604601765 |
| $7,926 |
Conventional
Listing Price History
Seattle Real Estate
Seattle is located in Washington. Seattle, Washington 98118 has a population of 758,862.
The median household income in Seattle, Washington 98118 is $87,093. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Seattle 98118 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 1/24/2024 | Active | $1,250,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $7,927 USD | - | $871,000 USD | - |
| 2022 | $7,927 USD | 0.10% | $871,000 USD | 10.53% |
| 2020 | $7,919 USD | 10.08% | $788,000 USD | -0.25% |
| 2019 | $7,194 USD | 7.97% | $790,000 USD | - |
| 2018 | $6,663 USD | 16.37% | $790,000 USD | 24.80% |