NOT LISTED FOR SALE

1404 Olympic Way W Seattle, WA 98119

West Queen Anne Neighborhood

Estimated Value: $367,604 - $536,000

1 Bed
8 Baths
7,295 Sq Ft
$58/Sq Ft Est. Value

Last Sold September 24, 2012

Last sale price $2,185,000 $300 Per Sq Ft

Current estimated payment $2,530/month

109 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Property is in very good condition
  • John Hay Elementary School Rated A
  • Thermal Windows
  • 5-minute walk to Marshall Park

About This Home

As of September 2012

Originally constructed in 1929, the brick-veneered vintage Apt building has been completely updated to include a new building envelope, electrical wiring and plumbing systems, all meeting condo code requirements. The building houses eight one-bedroom condominium homes (upper six units with a study/bonus room) that feature sound/Olympic views, original hardwood floors, hex-tile bathroom floors and refinished cast iron tubs. Interior details include archways, crown moldings and coved ceilings.

Last Agent to Sell the Property

Patrick Ashman

Urban Commercial Partners, LLC License #52365 Listed on: 04/17/2012

Last Buyer's Agent

Patrick Suarez

EHI R/E Advisors, Inc. License #17191

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 345314

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,825

Year Built

  • Built in 1929

Lot Details

  • 5,185 Sq Ft Lot
  • Property is in very good condition

Property Views

  • Ocean
  • Views of a Sound
  • Mountain
  • Territorial

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Bitumen Roof

Interior Spaces

  • 7,295 Sq Ft Home
  • 4-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • The Mckean Condos
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5343500000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,825

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1929
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: The McKean
  • CalculatedSquareFootage: 7295
  • Special Features: None
  • Cumulative Days on Market: 497

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Built-Up, Torch Down
  • View: Mountain(s), Ocean, Sound, Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: See Remarks
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle
  • SewerCompany: Seattle
  • WaterCompany: Seattle
  • WaterSewerGarbage: 5907

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5343500000
  • Lot Size Acres: 0.119
  • Lot Size Sq Ft: 5185
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 1450

Multi Family

  • Gross Scheduled Income: 139800
  • Net Operating Income: 100378
  • Number Of Units Total: 1
  • Electric Expense: 656
  • Insurance Expense: 1683
  • Leasable Area: 5863
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2012
  • Tax Annual Amount: 23825

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2016
Sold by
1404 Olympic Way West Llc
Bought by
Mckean Apartments Llc
Current Estimated Value
$420,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 17, 2012
Closed on
Sep 18, 2012
Sold by
Daly & Associates Development Llc
Bought by
1404 Olympic Way West Llc
Seller's Agent
Patrick Ashman
Urban Commercial Partners, LLC
Buyer's Agent
Patrick Suarez
EHI R/E Advisors, Inc.
List Price
$2,350,000
Sold Price
$2,185,000
Premium/Discount to List
-$165,000
-7.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.69%
Original Mortgage
$1,325,000
Interest Rate
3.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2007
Sold by
Grams Ara Louise
Bought by
Daly & Associates Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.73%
Mortgage Type
Construction

Purchase Details

Closed on
May 22, 2007
Sold by
Leslie R & Ara Louise Grams Family Lp
Bought by
Grams Ara Louise and Grams Family Survivors Trust

Purchase Details

Closed on
Dec 31, 2003
Sold by
Grams Leslie R and Grams Ara Louise
Bought by
Leslie R & Ara Louise Grams Lp
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mckean Apartments Llc $2,867,000 Fidelity
Mckean Apartments Llc $2,867,000 Fidelity
1404 Olympic Way West Llc $2,181,000 Old Republic T
Daly & Associates Development Llc $1,189,000 Old Republic T
Grams Ara Louise -- Old Republic T
Leslie R & Ara Louise Grams Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckean Apartments Llc $2,200,000
Closed Mckean Apartments Llc $1,550,000
Previous Owner 1404 Olympic Way West Llc $1,325,000
Previous Owner Daly & Associates Development Llc $1,735,000
Previous Owner Daly & Associates Development Llc $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2012 09/24/12 Sold $2,185,000 -7.0% $300 / Sq Ft
08/06/2012 08/06/12 Pending -- -- --
04/18/2012 04/18/12 For Sale $2,350,000 -- $322 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,517 $258,700 $90,000 $168,700
2023 $2,850 $299,500 $90,000 $209,500
2022 $2,549 $336,100 $77,200 $258,900
2021 $3,158 $275,800 $77,200 $198,600
2020 $3,123 $327,600 $77,200 $250,400
2018 $2,698 $293,600 $64,300 $229,300
2017 $2,463 $273,200 $59,200 $214,000
2016 $2,156 $257,800 $57,000 $200,800
2015 $2,357 $219,600 $45,600 $174,000
2014 -- $246,800 $43,000 $203,800
2013 -- $198,600 $40,900 $157,700
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Patrick Ashman

    Urban Commercial Partners, LLC

  • P

    Buyer's Agent in 2012

    Patrick Suarez

    EHI R/E Advisors, Inc.

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 345314

Northwest Multiple Listing Service (NWMLS)

APN: 534350-0010

Washington King County Seattle 98119 West Queen Anne

1404 Olympic Way W, Seattle, WA

This home is located at 1404 Olympic Way W, Seattle, WA 98119 since 17 April 2012 and is currently estimated at $420,151, approximately $57 per square foot. This property was built in 1929. 1404 Olympic Way W is a home located in King County with nearby schools including John Hay Elementary School, Mcclure Middle School, and Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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