NOT LISTED FOR SALE

Estimated Value: $969,556 - $1,071,000

0.13 Acre
$7,829,915 Price per Acre
5,663 Sq Ft Lot

Last Sold December 16, 2021

Last sale price $2,800,000 $2,435 Per Sq Ft

Current estimated payment $5,992/month

10 Days on Market

Highlights

  • Lake View
  • Level Lot
  • 3-minute walk to Terry Pettus Park
  • Montlake Elementary School Rated A

About This Lot

As of December 2021

Shovel ready, building permit issued and MHA fees have been paid. This is an 8-unit townhome site with 9 parking stalls in the heart of Eastlake. Two 4-unit buildings, each home being roughly 1,630 SF with 4 bedrooms and 3 bathrooms. Each home will have a rooftop deck that boasts fantastic views of Downtown and Lake Union. Steps away from some of Seattle's best dining. No safer place to build then Eastlake, with Fortune 500 companies all around you. Plans and DD materials available upon request. Zoned is LR3(M) with a 5,500 SF lot (50' by 110') with alley.

Last Agent to Sell the Property

Paul Poirier

Berkshire Hathaway HS NW License #17929 Listed on: 10/15/2021

Berkshire Hathaway HS NW

Co-Listed By

Kaiya Sphatt

Berkshire Hathaway HS NW License #139990

Last Buyer's Agent

Paul Poirier

Berkshire Hathaway HS NW License #17929 Listed on: 10/15/2021

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1853872

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Additional Features

  • Level Lot
  • Sewer in Street

Community Details

  • Eastlake Community

Listing and Financial Details

  • Assessor Parcel Number 2902200271

Property Details

Property Type

Land

Listing Details

  • Property Type: Lots And Land
  • Property Features: Brush
  • Style: 40 - Res-Less Thn 1 Ac
  • Restrictions: No Restrictions
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 40

Exterior Features

  • Road Information: Paved
  • View: City, Lake, Mountain, Territorial
  • Water Jurisdiction: City of Seattle

Utilities

  • Electricity: On Property
  • Gas Available: On Property
  • Sewer: In Street, On Property
  • Water: In Street, On Property

Condo/Co-op/Association

  • Community Name: Eastlake

Schools

  • School District: SEA

Lot Info

  • General Zoning Classification: Multi-Family, Residential
  • Lot Details: Alley
  • Lot Sq Ft: 5500
  • Parcel Number: 2902200271
  • Soils Feasibility Available: Y
  • Topography: Level, Sloped
  • Zoning Jurisdiction: City
  • Zoning Remarks: LR3

Tax Info

  • Year: 2021
  • Tax Amount: 9630

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Nov 30, 2021
Sold by
Redmond Builders Llc
Bought by
2029 Yale Ave E Llc
Seller's Agent
Paul Poirier
Berkshire Hathaway HS NW
Buyer's Agent
Paul Poirier
Berkshire Hathaway HS NW
List Price
$2,800,000
Sold Price
$2,800,000
Current Estimated Value
$1,017,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,782,111
Avg. Annual Appreciation
-21.28%
Original Mortgage
$5,785,000
Outstanding Balance
$5,275,188
Interest Rate
3.09%
Mortgage Type
Construction
Estimated Equity
-$4,257,299

Purchase Details

Listed on
Mar 13, 2020
Closed on
Dec 29, 2020
Sold by
Bergum Jacqueline M
Bought by
Redmond Builders Llc
Seller's Agent
Amanda Yeater
Coldwell Banker Bain
List Price
$1,600,000
Sold Price
$1,435,000
Premium/Discount to List
-$165,000
-10.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.63%

Purchase Details

Closed on
Aug 16, 2019
Sold by
Bergum Jackie and Hamilton Diane
Bought by
Bergum Jacqueline M

Purchase Details

Closed on
Sep 1, 1990
Sold by
Bergum Marvin E
Bought by
Bergum Jacqueline M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2029 Yale Ave E Llc $2,800,000 First American Title
Redmond Builders Llc $1,435,000 None Available
Bergum Jacqueline M -- Accommodation
Bergum Jacqueline M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2029 Yale Ave E Llc $5,785,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2021 12/16/21 Sold $2,800,000 0.0% $2,435 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $2,800,000 +95.1% $2,435 / Sq Ft
12/30/2020 12/30/20 Sold $1,435,000 -10.3% $1,259 / Sq Ft View Prior Sale
06/09/2020 06/09/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $1,600,000 0.0% $1,404 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
05/21/2020 05/21/20 Price Changed $1,600,000 -20.0% $1,404 / Sq Ft
03/13/2020 03/13/20 For Sale $2,000,000 -- $1,754 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $9,044 $956,000 $472,000 $484,000
2023 $3,814 $905,000 $450,000 $455,000
2022 $9,762 $385,000 $261,000 $124,000
2021 $9,630 $1,032,000 $1,025,000 $7,000
2020 $9,795 $968,000 $961,000 $7,000
2018 $8,755 $998,000 $988,000 $10,000
2017 $7,871 $864,000 $854,000 $10,000
2016 $5,866 $803,000 $793,000 $10,000
2015 $4,824 $576,000 $487,000 $89,000
2014 -- $481,000 $390,000 $91,000
2013 -- $452,000 $368,000 $84,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1853872

Northwest Multiple Listing Service (NWMLS)

APN: 290220-0271

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