Listed by Windermere Real Estate Co., Bought with Windermere RE/Capitol Hill,Inc
$525,000
SOLD JUL 10, 2024
1 Bed
1 Bath
684 Sq Ft
$700/mo HOA Fee

Recently Sold

$768 Per Sq Ft

3% Below List Price

68 Days on Market

Highlights

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

About This Home

As of July 2024

Welcome to Trace Lofts..An epic mix of Urban, Industrial Chic, and Old-World-Soul. This historic Capitol Hill building, formerly housing an order of Tibetan Monks, was thankfully preserved and re-imagined in 2007. Gorgeous, exposed beams, reclaimed fir floors, soaring ceilings, and exposed brick complete the incredible vibe in the epicenter of Capitol Hill’s restaurants, arts, and shopping. In-unit laundry, stainless appliances, Gas cooking, Stone counters, secure parking and amazing rooftop deck/ BBQ. Secure package room for deliveries. No rental cap and well-funded association. Walk score of 100! Close to Light Rail.

Last Agent to Sell the Property

Shannon Vincent

Windermere Real Estate Co. License #72249 Listed on: 04/12/2024

Windermere Real Estate Co.

Last Buyer's Agent

Erick Hazelton

Windermere RE/Capitol Hill,Inc License #71967

Windermere RE/Capitol Hill,Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2222101

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,778

Year Built

  • Built in 1919

Lot Details

  • South Facing Home
  • Sprinkler System

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Bitumen Roof
  • Vinyl Construction Material

Interior Spaces

  • 684 Sq Ft Home
  • Insulated Windows
  • City Views
  • Alarm System

Kitchen

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

Flooring

  • Softwood
  • Vinyl

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

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

Amenities

  • Rooftop Deck
  • Elevator
  • Lobby

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,778

Year Built

Built in 1919

Lot Details

0

HOA Fees

$700 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1919
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,Dryers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Loft
  • Building Name: Trace Lofts
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 684
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: true
  • UnitFeatures: Alarm System,Insulated Windows,Sprinkler System
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2222101?w=Consumer&agent=36675
  • Special Features: VirtualTour
  • Cumulative Days on Market: 421

Interior Features

  • Appliances: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Softwood, Vinyl
  • Interior Amenities: Fir/Softwood, Cooking-Gas, Dryer-Electric, Ice Maker, Washer, Water Heater
  • Main Level Bathrooms: 1
  • 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: #38
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • StorageLocation: 3rd Floor
  • WindowCoverings: Custom Roman Fabric Blinds
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Flat, Torch Down
  • View: City
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: South
  • Exterior Features: Brick, Metal/Vinyl
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common Garage
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: 50

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: SecurityGate, AlarmSystem
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Gas,Dryer-Electric,Ice Maker,Washer
  • WaterHeaterLocation: Closet
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Elevator, Fire Sprinklers, High Speed Int Avail, Lobby Entrance, Rooftop Deck, Gated
  • Park Manager Name: Charlotte Reynolds
  • Park Manager Phone: 206-623-7662
  • Senior Community: No
  • Association Fee: 700
  • Association Fee Frequency: Monthly
  • Phone: 206-623-7662
  • Association: Yes
  • Pets Allowed: Subj to Restrictions
  • CommonPropertyFeatures: Elevator,Fire Sprinklers,High Speed Int Avail,Lobby Entrance,Rooftop Deck,Security Gate

Fee Information

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

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8664950240
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: KCR

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • RentalCap: No Rental Cap

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3778

Multi Family

  • Number Of Units In Community: 42
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jul 10, 2024
Sold by
Phillips Tom W and Phillips Kathryn S
Bought by
Watson Isaac Bruce and Bianco Justin
Seller's Agent
Shannon Vincent
Windermere Real Estate Co.
Buyer's Agent
Erick Hazelton
Windermere RE/Capitol Hill,Inc
List Price
$540,000
Sold Price
$525,000
Premium/Discount to List
-$15,000
-2.78%
Views
52
Current Estimated Value
$518,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,415
Avg. Annual Appreciation
-1.27%

Purchase Details

Listed on
Mar 23, 2017
Closed on
Apr 20, 2017
Sold by
Coverdale Ryan and Kerns Suzanne E
Bought by
Phillips Thomas W and Phillips Kathryn
Seller's Agent
Rodericko Francisco
Keller Williams Rlty Bellevue
Buyer's Agent
Shannon Vincent
Windermere Real Estate Co.
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%
Original Mortgage
$240,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Listed on
May 28, 2015
Closed on
Jul 15, 2015
Sold by
Tchaitchian Hessan
Bought by
Coverdale Ryan and Kerns Suzanne E
Seller's Agent
Sabrina Booth
Windermere Real Estate Co.
Buyer's Agent
Rodericko Francisco
Keller Williams Rlty Bellevue
List Price
$420,000
Sold Price
$420,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Original Mortgage
$378,000
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2007
Sold by
Trace Lofts Llc
Bought by
Tchaitchian Hessan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.67%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $525,000 Chicago Title
Warranty Deed $480,000 Fidelity Natio
Warranty Deed $420,000 First American
Warranty Deed $325,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $240,000 Commercial
Previous Owner $378,000 Commercial
Previous Owner $246,000 Commercial
Previous Owner $258,200 Commercial
Previous Owner $260,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $525,000 -2.8% $768 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $540,000 +12.5% $789 / Sq Ft
04/28/2017 04/28/17 Sold $480,000 +1.1% $702 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $475,000 +13.1% $694 / Sq Ft
07/28/2015 07/28/15 Sold $420,000 0.0% $614 / Sq Ft
06/19/2015 06/19/15 Pending -- -- --
05/28/2015 05/28/15 For Sale $420,000 -- $614 / 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 $4,682 $501,000 $111,200 $389,800
2023 $4,543 $494,000 $111,200 $382,800
2022 $4,116 $457,000 $92,100 $364,900
2021 $4,465 $459,000 $92,100 $366,900
2020 $5,050 $473,000 $87,900 $385,100
2018 $4,580 $540,000 $72,000 $468,000
2017 $4,021 $474,000 $68,800 $405,200
2016 $3,722 $430,000 $52,900 $377,100
2015 -- $388,000 $39,100 $348,900
2014 -- $368,000 $33,800 $334,200
2013 -- $290,000 $28,600 $261,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2222101

Northwest Multiple Listing Service (NWMLS)

APN: 866495-0240