NOT LISTED FOR SALE

Estimated Value: $1,119,000 - $1,868,000

2 Beds
1 Bath
2,624 Sq Ft
7,231 Sq Ft Lot

Last Sold April 29, 2015

Last sale price $950,000 $362 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $8,934/month

55 Days on Market

Highlights

  • City View
  • 4-minute walk to Pioneer Sq Sta Acrd & Tunnel Sta.-Bay C
  • Softwood Flooring
  • Garfield High School Rated A
  • Contemporary Architecture
  • 2-minute walk to Waterfall Garden

About This Home

As of April 2015

A stunning 2,624sf penthouse loft in Downtown Seattle. A dramatic space for living, working & designing. 4 skylights illuminate this architectural masterpiece. Wood beamed ceilings, exposed brick, hvac & massive windows. Beautiful hardwood floors, vaulted ceilings & incredible detail including enormous wheels & pulleys in the ceiling as a reminder of the buildings turn of the century past. 2 deeded parking spaces, gas appliances & phenomenal location. Live Urban in this stunning Downtown loft.

Last Agent to Sell the Property

Jeff Reynolds

COMPASS License #98419 Listed on: 01/20/2015

COMPASS

Last Buyer's Agent

Collin Horn

Urban Living License #25995

Urban Living

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM733943

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,491

Year Built

  • Built in 1904

Lot Details

  • 7,231

Parking

  • Common or Shared Parking

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Blinds
  • Softwood Flooring
  • City Views

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Assessor Parcel Number 4397500170

Community Details

Overview

  • 16 Units
  • Downtown Community
  • 5-Story Property

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,491

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 30 - Condo (1 Level)
  • Architecture: Contemporary
  • Unit Floor Number: 5
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Fir/Softwood, Hardwood
  • Appliance Hookups: Cooking-Gas, Dryer-Gas, Ice Maker, Washer
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 2.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplace Type: Gas
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Storage: Garage
  • Storage Number: Near parking
  • Estimated Sq Ft: 2624
  • Window Coverings: blinds

Exterior Features

  • Exterior: Brick
  • Roof: Flat
  • View: City

Garage/Parking

  • Numberof Assigned Spaces: 2
  • Parking Type: Common Garage
  • Parking Space Number: 15 and 16

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Heat Pump
  • Water Heater: 2x electric

Condo/Co-op/Association

  • Numberof Units in Building: 16
  • Numberof Units In Complex: 16
  • HOA Fees: 977
  • Community Name: Downtown
  • Project: The Lofts
  • Cats And Dogs: Cats Only
  • Manager Contact Information: Kathleen Albro (206) 713-6181
  • Association Contact: Pioneer Square PM (206) 713-6181
  • Common Property Features: Cable Tv, Elevator, Fire Sprinklers, Lobby Entrance, Security Gate
  • Home Owner Dues Included: Garbage, Water/Sewer
  • Unit Features: Alarm System, Balcony/Deck/Patio, End Unit, Ground Floor, Jetted/Soaking Tub, Master Bath, Penthouse, Skylights, Top Floor, Vaulted Ceilings, Walk-In Closet

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: SEA

Lot Info

  • Lot Details: Alley, Curbs, Paved Street, Sidewalk
  • Parcel Number: 4397500170

Tax Info

  • Tax Amount: 7343

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2015
Closed on
Apr 14, 2015
Sold by
Phelps Jonathan D and Phelps Esther M
Bought by
Cheng Kevin Yujay and Cheng Chengyin Jennifer
Seller's Agent
Jeff Reynolds
COMPASS
Buyer's Agent
Collin Horn
Urban Living
List Price
$989,000
Sold Price
$950,000
Premium/Discount to List
-$39,000
-3.94%
Current Estimated Value
$1,459,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$509,337
Avg. Annual Appreciation
4.29%
Original Mortgage
$665,000
Outstanding Balance
$519,082
Interest Rate
3.73%
Estimated Equity
$940,255

Purchase Details

Closed on
Nov 20, 2002
Sold by
Woodford Robert Graham and Woodford Nancy S
Bought by
Phelps Jonathan D and Phelps Esther M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
5.25%

Purchase Details

Closed on
Aug 7, 1997
Sold by
Old Union Llc
Bought by
Woodford Robert Graham and Woodford Nancy S
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
Cheng Kevin Yujay $950,000 Chicago Title
Phelps Jonathan D $900,000 Old Republic T
Woodford Robert Graham $471,545 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Kevin Yujay $665,000
Previous Owner Phelps Jonathan D $675,000
Closed Phelps Jonathan D $134,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2015 04/29/15 Sold $950,000 -3.9% $362 / Sq Ft
03/17/2015 03/17/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $989,000 -- $377 / 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 $10,491 $1,129,000 $302,200 $826,800
2023 $9,874 $1,106,000 $302,200 $803,800
2022 $11,156 $1,204,000 $289,200 $914,800
2021 $10,069 $1,253,000 $289,200 $963,800
2020 $11,462 $1,072,000 $289,200 $782,800
2018 $10,483 $1,393,000 $214,400 $1,178,600
2017 $8,453 $1,089,000 $178,700 $910,300
2016 $8,142 $907,000 $146,200 $760,800
2015 $7,985 $852,000 $129,900 $722,100
2014 -- $855,000 $123,400 $731,600
2013 -- $710,000 $103,900 $606,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM733943

Northwest Multiple Listing Service (NWMLS)

APN: 439750-0170