NOT LISTED FOR SALE

1550 Alki Ave SW Unit 501 Seattle, WA 98116

Alki Neighborhood

Estimated Value: $1,015,043 - $1,265,000

2 Beds
1 Bath
1,417 Sq Ft
0.37 Acres

Last Sold July 31, 2014

Last sale price $622,500 $439 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $6,886/month

210 Days on Market

Highlights

  • Views of a Sound
  • Wood Flooring
  • 1 Fireplace
  • Alki Elementary School Rated A-

About This Home

As of July 2014

Enjoy sweeping water views from this elegant 5th floor condo with 2 bedrooms + an office featuring an updated kitchen and a view facing master suite. This sophisticated condo has high ceilings, central heat and A/C, extra large laundry room, 2 garage parking spots and is close to the elevator for ease & convenience. The view deck is a perfect spot to watch the sun set behind the Olympic Mountains or just enjoy the shipping traffic and sea life right across the street. Join us - Aloha from Alki!

Last Agent to Sell the Property

Randie Stone

Windermere West Metro License #19165 Listed on: 10/23/2013

Windermere West Metro

Last Buyer's Agent

Benjamin Chotzen

COMPASS License #4313

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM558725

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,524

Year Built

  • Built in 1994

Lot Details

  • 0.37

Parking

  • Common or Shared Parking

Property Views

  • Views of a Sound
  • Mountain
  • Territorial

Home Design

  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Assessor Parcel Number 9197900170

Community Details

Overview

  • 23 Units
  • 6-Story Property

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,524

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: Condo (1 Level)
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Remodeled: Y
  • Remodeled Updated: Y
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.75
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Main
  • Fireplace Type: Gas
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Den or Office: Main
  • Kitchen: Main
  • Living Room: Main
  • Storage: Lower garage
  • Storage Number: 29
  • Estimated Sq Ft: 1417

Exterior Features

  • Exterior: Stucco
  • Roof: Built-Up
  • View: Mountain, Sound, Territorial

Garage/Parking

  • Numberof Assigned Spaces: 2
  • Parking Type: Common Garage
  • Parking Space Number: 12, 29

Utilities

  • Heating And Cooling: Central A/C, Forced Air
  • Water Heater: Utility room-gas

Condo/Co-op/Association

  • Numberof Units in Building: 23
  • Numberof Units In Complex: 23
  • HOA Fees: 477
  • Cats And Dogs: Subj To Restrictions
  • Manager Contact Information: Todd Emery (206) 937-4856
  • Association Contact: Condo managements (206) 937-4856
  • Common Property Features: Cable Tv, Elevator, Fire Sprinklers, Lobby Entrance, Security Gate
  • Home Owner Dues Included: Cable Tv, Earthquake Ins., Garbage, Water/Sewer
  • Unit Features: Balcony/Deck/Patio, Insulated Windows, Jetted/Soaking Tub, Master Bath, Walk-In Closet

Schools

  • Elementary School: Alki
  • Middle School: Madison Mid
  • High School: West Seattle High
  • School District: SEA

Lot Info

  • Lot Details: Curbs, Paved Street, Sidewalk
  • Parcel Number: 9197900170

Tax Info

  • Tax Amount: 5286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2013
Closed on
Jul 14, 2014
Sold by
Marx Thomas A and Marx Nancy
Bought by
Naidu Gurramkonda M and Naidu Prameela G
Seller's Agent
Randie Stone
Windermere West Metro
Buyer's Agent
Benjamin Chotzen
COMPASS
List Price
$649,000
Sold Price
$622,500
Premium/Discount to List
-$26,500
-4.08%
Current Estimated Value
$1,118,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$495,885
Avg. Annual Appreciation
5.41%
Original Mortgage
$237,687
Outstanding Balance
$183,920
Interest Rate
4.12%
Mortgage Type
Unknown
Estimated Equity
$929,566

Purchase Details

Closed on
Aug 2, 2012
Sold by
Marx Patricia A
Bought by
Marx Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 6, 2006
Sold by
Janaszak J Eric
Bought by
Marx Tom and Marx Patty

Purchase Details

Closed on
Jun 23, 2005
Sold by
Neuffer Mike
Bought by
Janaszak J Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
5.46%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 29, 1995
Sold by
Pryde Corp
Bought by
Neuffer Mike and Neuffer Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.87%
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
Naidu Gurramkonda M $622,500 Chicago Title
Marx Thomas A -- None Available
Marx Tom $795,000 Chicago Title
Janaszak J Eric $645,000 Chicago Title
Neuffer Mike $335,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Naidu Gurramkonda M $237,687
Closed Naidu Gurramkonda M $322,500
Previous Owner Marx Tom $150,000
Previous Owner Marx Thomas A $250,000
Previous Owner Janaszak J Eric $74,000
Previous Owner Janaszak J Eric $600,000
Previous Owner Janaszak Joseph E $141,000
Previous Owner Janaszak J Eric $500,000
Previous Owner Neuffer Mike $268,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $622,500 -4.1% $439 / Sq Ft
05/22/2014 05/22/14 Pending -- -- --
10/23/2013 10/23/13 For Sale $649,000 -- $458 / 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 $8,524 $911,000 $198,200 $712,800
2023 $6,714 $975,000 $198,200 $776,800
2022 $6,762 $811,000 $198,200 $612,800
2021 $6,866 $752,000 $185,000 $567,000
2020 $6,643 $725,000 $181,700 $543,300
2018 $7,034 $795,000 $165,200 $629,800
2017 $6,152 $726,000 $132,100 $593,900
2016 $5,571 $656,000 $132,100 $523,900
2015 $5,149 $579,000 $125,500 $453,500
2014 -- $549,000 $118,900 $430,100
2013 -- $509,000 $99,100 $409,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM558725

Northwest Multiple Listing Service (NWMLS)

APN: 919790-0170