10045 NE 38th Ave
Listing Price
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Nearby Schools
Educational options and performance ratings in the area.
John Rogers Elementary School
Jane Addams Middle School
Nathan Hale High School
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
At a purchase price of $1,085,000, this property demonstrates significant operational risk due to near-zero monthly cash flow. While the 6.23% rental yield is respectable for a high-cost market like Seattle, the thin margin leaves no room for unexpected capital expenditures, vacancies, or interest rate fluctuations. A cash flow of only $4 per month provides zero buffer for emergency repairs or maintenance, effectively tethering the investor to a speculative appreciation strategy rather than a sustainable income stream. Given the high entry price and the inherent volatility of the Seattle real estate market, this asset fails to provide the necessary cash-on-cash return required for a conservative investment profile.
- • Located in a major metropolitan hub with sustained economic growth
- • Competitive rental yield for the Pacific Northwest market
- • Functional 4-bedroom layout suitable for high-demand family rentals
- • Negligible monthly cash flow leaves zero margin for operating errors
- • High price point increases exposure to potential market corrections
- • Dependency on property appreciation makes this a speculative gamble
- • Ongoing property maintenance and insurance costs in Seattle can easily erode the current $4 margin
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-25 | Listed for sale | $1,085,000 | $462 |
| 2024-09-13 | Sold | $830,000 | $353 |
| 2024-08-23 | Pending sale | $850,000 | $362 |
| 2024-08-13 | Price change | $850,000 | $362 |
| 2024-08-01 | Listed for sale | $874,450 | $372 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $9,563.74 | $937,000 |
| 2023 | $8,413.22 | $828,000 |
| 2022 | $8,949.92 | $996,000 |
| 2021 | $7,852.58 | $797,000 |
| 2020 | $7,218.32 | $692,000 |
| 2019 | $7,321.14 | $715,000 |
| 2018 | $6,674.29 | $725,000 |
| 2017 | $6,659.79 | $632,000 |
| 2016 | $4,425.62 | $526,000 |
| 2015 | $4,425.62 | $486,000 |
| 2014 | $4,425.62 | $428,000 |
| 2013 | $4,425.62 | $385,000 |
| 2012 | $0 | $322,000 |
| 2011 | $0 | $348,000 |
| 2010 | $0 | $396,000 |
| 2009 | $0 | $396,000 |
| 2007 | $0 | $368,000 |
| 2006 | $0 | $347,000 |
| 2005 | $0 | $319,000 |
| 2001 | $3,001.43 | $253,000 |
| 2000 | $2,816.34 | $225,000 |
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