Listed by COMPASS, Bought with Windermere Real Estate Co.
NOT LISTED FOR SALE

Estimated Value: $1,339,000 - $1,505,000

2 Beds
2.5 Baths
1,800 Sq Ft
$2,181/mo HOA Fee

Last Sold June 24, 2025

Last sale price $1,350,000 $750 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,620/month

78 Days on Market

Highlights

  • Views of a Sound
  • Gated Community
  • Contemporary Architecture
  • Garfield High School Rated A
  • 1.1 Acre Lot
  • 1-minute walk to Victor Steinbrueck Park

About This Home

As of June 2025

Rare opportunity to reside at the Penthouse in Market Place North. First time available in over 30 years. Spanning 3 levels, 2 decks and taking in some of the most iconic Seattle views: Mt Rainer, Pike Place Market, The Wheel, Elliot Bay and the Olympic Mts. The unit features 2bedrooms, Living/ Dining rooms, Loft, and Den. Bring your vision and make this unit shine, recently updated with all new interior paint, carpet, and updated HVAC systems. Step out in front of the building and immerse yourself to the vibrant City of Seattle and the waterfront.

Last Agent to Sell the Property

Ryan Rockwell

COMPASS License #12962 Listed on: 03/03/2025

COMPASS

Last Buyer's Agent

Shannon Gardner

Windermere Real Estate Co. License #106609

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2338134

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,182

Year Built

  • Built in 1982

Lot Details

  • West Facing Home

HOA Fees

  • $2,181 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Common or Shared Parking

Property Views

  • Views of a Sound
  • Bay
  • City
  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Flat Roof Shape

Interior Spaces

  • 1,800 Sq Ft Home
  • Wood Burning Fireplace
  • Carpet

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Home Security

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5160650860

Community Details

Overview

  • Association fees include cable TV, central hot water, common area maintenance, concierge, earthquake insurance, sewer, trash, water
  • 52 Units
  • Cdw Group Association
  • Secondary HOA Phone (206) 706-8000
  • Market Place North Condos
  • Downtown Subdivision
  • Park Phone (206) 706-8000 | Manager CWD
  • 10-Story Property

Amenities

  • Elevator
  • Lobby

Pet Policy

  • Dogs and Cats Allowed

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,182

Year Built

Built in 1982

Lot Details

0

HOA Fees

$2,181 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 34 - Condo (3 Levels)
  • Year Built: 1982
  • Inclusions: Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Market Place North
  • Unit Levels: Three Or More
  • New Construction: No
  • CalculatedSquareFootage: 1800
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: false
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s)
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Lower
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet
  • Interior Amenities: Cooking-Electric, Fireplace
  • Main Level Bathrooms: 1
  • Stories: 10
  • Bathrooms: 2.25
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • FloorNumberOfUnit: 20
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Flat
  • View: Bay, City, Mountain(s), Sound, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Concrete
  • Direction Faces: West
  • Exterior Features: Cement/Concrete
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ConstructionMethods: Steel & Concrete
  • ViewFrom: Rooftop Deck,Unit

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Common Garage
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 48 & T7

Utilities

  • Security: Security Gate
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Wall Unit(s)
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric

Condo/Co-op/Association

  • Community Features: Cable TV, Elevator, Fire Sprinklers, Gated, Lobby Entrance
  • Park Manager Name: CWD
  • Park Manager Phone: 206-706-8000
  • Senior Community: No
  • Association Fee: 2181
  • Association Fee Frequency: Monthly
  • Phone: 206-706-8000
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subject to Restrictions
  • AssociationContactName: CDW Group
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,Elevator,Fire Sprinklers,Gated Entry,Lobby Entrance,Security Gate

Fee Information

  • Association Fee Includes: Cable TV, Central Hot Water, Common Area Maintenance, Concierge, Earthquake Insurance, Sewer, Trash, Water

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5160650860
  • Lot Size Acres: 1.0979
  • Lot Size Sq Ft: 47826
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 13182

Multi Family

  • Number Of Units In Community: 52
  • EnergySource: Electric
  • UnitsInBuildingTotal: 91

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2025
Closed on
Jun 23, 2025
Sold by
Marital Trust Established Under The Will and Gerberding Ruth Alice
Bought by
Read Andrew Logan and Read Kerilyn
Seller's Agent
Ryan Rockwell
COMPASS
Buyer's Agent
Shannon Gardner
Windermere Real Estate Co.
List Price
$1,695,000
Sold Price
$1,350,000
Premium/Discount to List
-$345,000
-20.35%
Views
66
Current Estimated Value
$1,407,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,080
Avg. Annual Appreciation
15.94%
Original Mortgage
$1,012,500
Outstanding Balance
$1,009,875
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$397,205

Purchase Details

Closed on
Jun 29, 2015
Sold by
Gerberding Ruth Alice
Bought by
Gerberding Ruth Alice and Will Of William Passavant Gerberding

Purchase Details

Closed on
Jun 18, 1993
Sold by
Bevis Benjamin W
Bought by
Gerberding William P and Gerberding Ruth A

Purchase Details

Closed on
Aug 1, 1985
Sold by
Preston Ridge Financial Servic
Bought by
Washington Mutual Sav Bk

Purchase Details

Closed on
Mar 4, 1982
Sold by
Mpn Housing
Bought by
Preston Ridge Financial Servic
Source: Public Records

Range of Values:

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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
Read Andrew Logan $1,350,000 Fidelity National Title
Gerberding Ruth Alice -- None Available
Gerberding William P $517,500 --
Washington Mutual Sav Bk -- --
Preston Ridge Financial Servic -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Read Andrew Logan $1,012,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2025 06/24/25 Sold $1,350,000 -14.3% $750 / Sq Ft
05/20/2025 05/20/25 Pending -- -- --
04/22/2025 04/22/25 Price Changed $1,575,000 -4.5% $875 / Sq Ft
04/07/2025 04/07/25 Price Changed $1,649,000 -2.7% $916 / Sq Ft
03/03/2025 03/03/25 For Sale $1,695,000 -- $942 / 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 $12,006 $1,292,000 $278,300 $1,013,700
2023 $13,182 $1,443,000 $278,300 $1,164,700
2022 $12,070 $1,365,000 $241,300 $1,123,700
2021 $11,674 $1,355,000 $241,300 $1,113,700
2020 $12,544 $1,243,000 $241,300 $1,001,700
2018 $13,859 $1,289,000 $167,500 $1,121,500
2017 $13,474 $1,441,000 $150,500 $1,290,500
2016 $10,674 $1,449,000 $127,700 $1,321,300
2015 -- $1,118,000 $110,700 $1,007,300
2014 -- $1,335,000 $105,000 $1,230,000
2013 -- $956,000 $99,300 $856,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2338134

Northwest Multiple Listing Service (NWMLS)

APN: 516065-0860