10 months on rocket

4511 SW Lander St, Seattle, WA, 98116

$1,235,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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4511 SW Lander St, Seattle$1,235,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Year Built1910
MLS #2133436
Lot Size0.12 Acres
StatusActive

About 4511 SW Lander St

An opportunity for an investor to acquire an existing triplex zoned NR3, offering the ability to build a 1,000-square-foot DADU on the west side of the lot, increasing the stabilized cap rate to 9.28%. Current operations at the North Admiral Triplex produce an average monthly rent of $1,617 per unit. This submarket can support a higher rent of $2,550 per unit. A new buyer can realize this upside on the Triplex by fully renovating each unit and installing washers and dryers in the apartments, with a proposed cost of $150,000. The proposed ADU (buyer to verify feasibility) can achieve a rent of $3,600 and the proposed cost to construct is $350,000. Upon completion of the DADU, the new income stream equates to a 9.28% Capitalization Rate.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Stories: 2

Listing Office:

  • Office Name: Blake Investment Advisors
  • Listing Agent: Gabe Blake

Exterior Features

Exterior Information:

  • Exterior: Wood, Wood Products

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

School Info

Assigned Schools Information:

  • West Seattle High School, Public District Grades 9-12
  • Cleveland High School, Public District Grades 9-12
  • Madison Middle School, Public District Grades 6-8
  • South Shore K-8 School, Public District Grades PK-8
  • Jane Addams K-8, Public District Grades KG-8
  • Lafayette Elementary School, Public District Grades KG-5
  • K-5 STEM At Boren, Public District Grades KG-5
  • Queen Anne Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Take West Seattle bridge west & turn north onto SW Admiral Way. Turn left on 45th Ave SW and then turn right on SW Lander St. Home in on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,235,000

Tax Information:

  • Annual Amount: $7,382
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Seattle, WA.

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Seattle, WA

City

Med. Sold Price

$807.3K

Med. Price/SqFt

$563

Avg. Days On Market

33

# of Sold Homes

735

4511 SW Lander St vs Seattle

303 DAYS ON ROCKET

+270 Days

$1,235,000

+$427.6K More

KEY TAKEAWAY

This property is $427.6K more than the Median Sold Price in Seattle, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2133436

Listing Office:

  • Office Name: Blake Investment Advisors
  • Listing Agent: Gabe Blake

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 4:17:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 04, 2018Home Sold
$916,000
Apr 15, 2016Home Sold
$550,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,382$730,000
2018$6,162$683,000
2017$6,192$598,000

History based on county public records data.

Payment Calculator

$6,231

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,769

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1417702
8
/10

  • Lafayette Elementary School

  • 2645 California Ave SW

  • 0.14 miles

  • Public District Grades KG-5

school-card-donut-1417703
6
/10

  • K-5 STEM At Boren

  • 5950 Delridge Way SW

  • 2.48 miles

  • Public District Grades KG-5

school-card-donut-1417704
8
/10

  • Queen Anne Elementary School

  • 4400 Interlake Ave N

  • 6.05 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1417705
7
/10

  • Madison Middle School

  • 3429 45th Ave SW

  • 0.46 miles

  • Public District Grades 6-8

school-card-donut-1417706
4
/10

  • South Shore K-8 School

  • 4800 S Henderson St

  • 6.70 miles

  • Public District Grades PK-8

school-card-donut-1417707
7
/10

  • Jane Addams K-8

  • 11051 34th Ave NE

  • 10.13 miles

  • Public District Grades KG-8

High School

school-card-donut-1417708
7
/10

  • West Seattle High School

  • 3000 California Ave SW

  • 0.32 miles

  • Public District Grades 9-12

school-card-donut-1417709
6
/10

  • Cleveland High School

  • 5511 15th Ave S

  • 4.01 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $113,125. The most common annual income of people living in Seattle, WA is between $100k-200k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4511 SW Lander St

What is the listing price of this property?

The listing price of 4511 SW Lander St property is $1,235,000.

What type of property is this?

The property 4511 SW Lander St is a house located in Seattle, Washington, 98116.

Is this property for sale now?

Active Listing: 4511 SW Lander St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4511 SW Lander St are:
Lafayette Elementary School: GreatSchools Rating 8/10
K-5 STEM At Boren: GreatSchools Rating 6/10
Queen Anne Elementary School: GreatSchools Rating 8/10
Madison Middle School: GreatSchools Rating 7/10
South Shore K-8 School: GreatSchools Rating 4/10
Jane Addams K-8: GreatSchools Rating 7/10
West Seattle High School: GreatSchools Rating 7/10
Cleveland High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,382 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 4, 2018 for $916,000. (source: MLS/tax record).

What is the square footage of this property?

The sq. ft. of 4511 SW Lander St is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 4511 SW Lander St is 1910.

Rocket Homes›Washington›King County›Seattle›98116›4511 SW Lander St

This home is located at 4511 SW Lander St in Seattle, WA and zip code 98116 in the North Admiral neighborhood. This home, which was built in 1910, sits on a 0.12 acre lot. It has been listed on Rocket Homes since June 29, 2023 and is currently priced at $1,235,000.

In March 2024, from all listings sold in Seattle, WA there were more than 243 sold above asking price, over 241 sold below and more than 251 were sold right at the asked price. The inventory of homes for sale in Seattle, WA between February 2024 and March 2024 increased by 18.2%. While the average time on the market in March 2024 was 33 days, the median list price was $807,306.

From Rocket Homes Real Estate and based on county public records data.

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