NOT LISTED FOR SALE

1516 E Pike St Unit 302 Seattle, WA 98122

Minor Neighborhood

Estimated Value: $604,000 - $674,000

2 Beds
2 Baths
952 Sq Ft
$530/mo HOA Fee

Last Sold May 20, 2024

Last sale price $669,950 $704 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,449/month

6 Days on Market

Highlights

  • Unit is on the top floor
  • Penthouse
  • Property is near public transit
  • Garfield High School Rated A
  • Contemporary Architecture
  • 3-minute walk to T.T. Minor Playground

About This Home

As of May 2024

Welcome to Madison Heights, a community of 12 condominium homes located in the heart of Capitol Hill. Close to neighborhood businesses, grocery stores, restaurants, parks, transit, light rail and downtown, with a Walk Score of 99, yet tucked away enough from the hustle bustle to provide a quiet break from it all. This particular condominium is a top floor, corner penthouse unit and features excellent natural light, floor to ceiling windows, hardwood floors, thermal windows, fireplace and a private deck. Additional features include separate living and dining rooms, primary suite, in-unit laundry, building elevator, garage parking and storage and intercom guest access. In 2019/2020 new exterior siding, roof, gutters and windows.

Last Agent to Sell the Property

Patrick Corr

Windermere Real Estate Co. License #49857 Listed on: 04/24/2024

Windermere Real Estate Co.

Last Buyer's Agent

Wes Gardner

COMPASS License #134313

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2220065

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,302

Year Built

  • Built in 1980

Lot Details

  • End Unit
  • West Facing Home

HOA Fees

  • $530 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking

Home Design

  • Penthouse
  • Contemporary Architecture
  • Flat Roof Shape
  • Bitumen Roof
  • Cement Board or Planked

Interior Spaces

  • 952 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Insulated Windows
  • Blinds
  • Territorial Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Location

  • Unit is on the top floor
  • Property is near public transit

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, sewer, water
  • 12 Units
  • Brian Artiaco Association
  • Secondary HOA Phone (503) 957-6624
  • Madison Heights Condos
  • Capitol Hill Subdivision

Amenities

  • Elevator
  • Lobby

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,302

Year Built

Built in 1980

Lot Details

0

HOA Fees

$530 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1980
  • Buyer Agency Compensation: 3
  • Inclusions: Dishwashers,Dryers,Refrigerators,StovesRanges,Washers,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Madison Heights
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 952
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Penthouse,Primary Bath,Skylights,Top Floor,Vaulted Ceilings
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2220065?w=Consumer&agent=65813
  • Special Features: VirtualTour
  • Cumulative Days on Market: 429

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Interior Amenities: Ceramic Tile, Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Washer, Fireplace, Water Heater
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Stories: 3
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 3
  • StorageNo: 302
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • StorageLocation: Garage
  • WindowCoverings: Blinds
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Flat, Torch Down
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: West
  • Exterior Features: Cement Planked
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ConstructionMethods: Standard Frame
  • 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: 5

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Bedroom closet
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Elevator, High Speed Int Avail, Lobby Entrance
  • Senior Community: No
  • Association Fee: 530
  • Association Fee Frequency: Monthly
  • Phone: 503-957-6624
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subj to Restrictions
  • AssociationContactName: Brian Artiaco
  • CommonPropertyFeatures: Elevator,High Speed Int Avail,Lobby Entrance

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Lawn Service, Sewer, Water

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5011500100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: Public Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5302

Multi Family

  • Number Of Units In Community: 12
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2021
Sold by
Rose Mandel Sophie
Bought by
Srm Living Trust and The Srm Living Trust
Current Estimated Value
$634,502

Purchase Details

Listed on
Apr 4, 2018
Closed on
Apr 12, 2018
Sold by
Bank Of America N A
Bought by
Mandel Sophie
Seller's Agent
Matthew Miner
COMPASS
Buyer's Agent
Fletch Newland
RE/MAX Northwest
List Price
$550,000
Sold Price
$600,000
Premium/Discount to List
$50,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.77%

Purchase Details

Closed on
Aug 24, 2006
Sold by
Estate Of Gene Vernard Coe
Bought by
Bank Of America Na and Mary Ann Murphy Irrevocable Trust

Purchase Details

Closed on
Nov 1, 2005
Sold by
Mcglothin Dennis J
Bought by
Desmet Ervin A and Estate Of Gene Vernard Coe

Purchase Details

Closed on
Nov 5, 1999
Sold by
Goodman Kyle B
Bought by
Mcglothin Dennis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.75%

Purchase Details

Closed on
Oct 14, 1994
Sold by
Oliva Joseph L
Bought by
Goodman Kyle B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,185
Interest Rate
8.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Srm Living Trust $313 None Listed On Document
Mandel Sophie -- Old Republic Title Ltd
Bank Of America Na -- None Available
Desmet Ervin A $360,000 Ticor National
Mcglothin Dennis J $185,000 First American Title Ins Co
Goodman Kyle B $102,300 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcglothin Dennis $142,000
Previous Owner Mcglothin Dennis J $163,800
Previous Owner Mcglothin Dennis J $0
Previous Owner Mcglothin Dennis J $175,000
Previous Owner Goodman Kyle B $97,185
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $669,950 0.0% $704 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $669,950 +11.7% $704 / Sq Ft
04/20/2018 04/20/18 Sold $600,000 +9.1% $630 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $550,000 -- $578 / 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 $4,982 $523,000 $298,000 $225,000
2023 $4,414 $568,000 $298,000 $270,000
2022 $4,646 $525,000 $242,100 $282,900
2021 $4,697 $510,000 $242,100 $267,900
2020 $4,888 $490,000 $265,400 $224,600
2018 $4,343 $497,000 $181,600 $315,400
2017 $3,502 $443,000 $181,600 $261,400
2016 $3,430 $368,000 $102,400 $265,600
2015 $3,423 $352,000 $102,400 $249,600
2014 -- $362,000 $102,400 $259,600
2013 -- $300,000 $102,400 $197,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2220065

Northwest Multiple Listing Service (NWMLS)

APN: 501150-0100