Listed by Windermere RE/Capitol Hill,Inc, Bought with Windermere Real Estate Midtown
NOT LISTED FOR SALE

Estimated Value: $629,000 - $709,000

1 Bed
1 Bath
1,028 Sq Ft
$579/mo HOA Fee

Last Sold August 10, 2022

Last sale price $711,000 $692 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,709/month

3 Days on Market

Highlights

  • Rooftop Deck
  • City View
  • Vaulted Ceiling
  • Garfield High School Rated A
  • Property is near public transit
  • Softwood Flooring

About This Home

As of August 2022

Historic 1919 warehouse converted to modern Industrial urban lofts featuring steel cross framing, old growth timber beams and reclaimed Douglas fir floors. One of Trace Lofts most alluring moody spaces with 10.5 ft ceilings, expansive open space and two terraces. Gas cooking, in-suite washer/dryer, ample storage and secure parking. Imbedded in the vibrant Capitol Hill corridor with Chophouse Row, Barrio, Tavern Law and multiple desirable eateries, boutiques and bars. Considered to be one of the most desirable loft spaces in the City. One not to be missed! No rental cap and well funded association.

Last Agent to Sell the Property

Michael Harris

Windermere RE/Capitol Hill,Inc License #50287 Listed on: 07/21/2022

Windermere RE/Capitol Hill,Inc

Last Buyer's Agent

Dana Johnston

Windermere Real Estate Midtown License #14401

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1972160

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,026

Year Built

  • Built in 2007

Lot Details

  • End Unit
  • Sprinkler System

HOA Fees

  • $579 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking

Property Views

  • City
  • Mountain

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,028 Sq Ft Home
  • Vaulted Ceiling
  • Insulated Windows

Kitchen

  • Gas Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Utilities

  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 8664950190

Community Details

Overview

  • Association fees include common area maintenance, earthquake insurance, garbage, gas
  • 42 Units
  • Andrea Augustine Association
  • Secondary HOA Phone (206) 596-7972
  • Trace Lofts Condos
  • Capitol Hill Subdivision
  • Park Phone (206) 623-7662 | Manager Madrona Property Management
  • 5-Story Property

Amenities

  • Rooftop Deck
  • Elevator
  • Lobby

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,026

Year Built

Built in 2007

Lot Details

0

HOA Fees

$579 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 2007
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Loft
  • Building Name: Trace Lofts
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1028
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 2
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Sprinkler System,Vaulted Ceilings
  • Special Features: VirtualTour
  • Cumulative Days on Market: 1,104

Interior Features

  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Softwood, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Fir/Softwood, Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Gas, Dryer-Electric, Washer, Water Heater
  • Main Level Bedrooms: 1
  • Stories: 5
  • Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 3
  • StorageNo: 35
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • StorageLocation: 3rd Floor
  • WindowCoverings: Shades

Exterior Features

  • Roof: Flat
  • View: City, Mountain(s)
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ConstructionMethods: Standard Frame
  • ViewFrom: Rooftop Deck
  • BusRouteNumber: Many

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common Garage
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: 163

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Heating Yn: Yes
  • Utilities: Electricity Available, Common Area Maintenance, Garbage, See Remarks
  • HeatingCoolingType: Insert,Wall
  • ApplianceHookups: Cooking-Gas,Dryer-Electric,Washer
  • WaterHeaterLocation: Closet
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Elevator, Fire Sprinklers, High Speed Int Avail, Lobby Entrance, Rooftop Deck, See Remarks
  • Park Manager Name: Madrona Property Management
  • Park Manager Phone: 206-623-7662
  • Senior Community: No
  • Association Fee: 579
  • Association Fee Frequency: Monthly
  • Phone: 206-596-7972
  • Association: Yes
  • Pets Allowed: Subj to Restrictions
  • AssociationContactName: Andrea Augustine
  • CoOp: false
  • CommonPropertyFeatures: Elevator,Fire Sprinklers,High Speed Int Avail,Lobby Entrance,Rooftop Deck,See Remarks

Fee Information

  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Garbage, Gas, See Remarks

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 8664950190
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: Tax Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • RentalCap: No Rental Cap

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5026

Multi Family

  • Number Of Units In Community: 42
  • EnergySource: Electric
  • UnitsInBuildingTotal: 42

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Aug 8, 2022
Sold by
James Kneeland
Bought by
Ing Jeffrey J
Seller's Agent
Michael Harris
Windermere RE/Capitol Hill,Inc
Buyer's Agent
Dana Johnston
Windermere Real Estate Midtown
List Price
$665,000
Sold Price
$711,000
Premium/Discount to List
$46,000
6.92%
Current Estimated Value
$662,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,130
Avg. Annual Appreciation
-1.80%

Purchase Details

Listed on
Oct 10, 2019
Closed on
Nov 11, 2019
Sold by
Eastman Christopher and Guan Ruosi
Bought by
Kneeland James
Seller's Agent
Don Weintraub
Windermere Real Estate/East
Buyer's Agent
Michael Harris
Windermere RE/Capitol Hill,Inc
List Price
$665,000
Sold Price
$665,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%
Original Mortgage
$498,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 6, 2018
Closed on
Nov 28, 2018
Sold by
Freeman Howard Zelle
Bought by
Freeman Kimberly R
Seller's Agent
Marlow Harris
Windermere West Metro
Buyer's Agent
Don Weintraub
Windermere Real Estate/East
List Price
$624,000
Sold Price
$677,500
Premium/Discount to List
$53,500
8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.90%
Original Mortgage
$609,750
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2017
Closed on
May 16, 2017
Sold by
Davin John P
Bought by
Freeman Kimberly R
Seller's Agent
Michael Jon Syltebo
Bushnell Real Estate Solutions
Buyer's Agent
Marlow Harris
Windermere West Metro
List Price
$648,000
Sold Price
$650,000
Premium/Discount to List
$2,000
0.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.75%
Original Mortgage
$487,500
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2010
Sold by
Niesen Kerry
Bought by
Davin John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2007
Sold by
Trace Lofts Llc
Bought by
Niesen Kerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,356
Interest Rate
6.12%
Mortgage Type
Commercial
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
Ing Jeffrey J $711,000 Ticor Title
Kneeland James $665,000 Cw Title
Freeman Kimberly R -- Ticor Title
Eastman Christopher $677,500 Ticor Title
Freeman Kimberly R $650,000 Wfg National
Davin John P $405,000 Old Republic T
Niesen Kerry $494,196 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kneeland James $498,750
Previous Owner Eastman Christopher $611,000
Previous Owner Eastman Christopher $609,750
Previous Owner Freeman Kimberly R $487,500
Previous Owner Davin John P $338,500
Previous Owner Davin John P $355,000
Previous Owner Niesen Kerry $395,356
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $711,000 +6.9% $692 / Sq Ft
07/24/2022 07/24/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $665,000 0.0% $647 / Sq Ft
11/18/2019 11/18/19 Sold $665,000 0.0% $647 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $665,000 -1.8% $647 / Sq Ft
11/29/2018 11/29/18 Sold $677,500 -3.1% $659 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
10/02/2018 10/02/18 Price Changed $699,000 -1.5% $680 / Sq Ft
09/26/2018 09/26/18 Price Changed $710,000 -1.3% $691 / Sq Ft
09/18/2018 09/18/18 Price Changed $719,000 +15.2% $699 / Sq Ft
09/06/2018 09/06/18 For Sale $624,000 -4.0% $607 / Sq Ft
05/19/2017 05/19/17 Sold $650,000 +0.3% $632 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $648,000 -- $630 / 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 $6,006 $645,000 $111,200 $533,800
2023 $4,858 $632,000 $111,200 $520,800
2022 $5,026 $590,000 $92,100 $497,900
2021 $5,573 $562,000 $92,100 $469,900
2020 $6,213 $592,000 $87,900 $504,100
2018 $5,699 $699,000 $72,000 $627,000
2017 $5,251 $591,000 $68,800 $522,200
2016 $4,861 $563,000 $52,900 $510,100
2015 $4,667 $508,000 $39,100 $468,900
2014 -- $499,000 $33,800 $465,200
2013 -- $391,000 $28,600 $362,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1972160

Northwest Multiple Listing Service (NWMLS)

APN: 866495-0190