NOT LISTED FOR SALE

2371 Franklin Ave E Seattle, WA 98102

Eastlake Neighborhood

Estimated Value: $4,592,958

-- Bed
2 Baths
260 Sq Ft
$17,665/Sq Ft Est. Value

About This Home

2371 Franklin is a modern and beautiful community located in the heart of Seattle's historic Eastlake district. The area is rich with young professionals and students seeking city life.

These units offers environmentally conscious Seattlites an urban living option where the units have small carbon footprints, but the building offers big amenities, including a state of the art community kitchen, onsite laundry facilities, free internet throughout the building, and a gorgeous rooftop deck with stunning views of Lake Union, the Space Needle and the Olympic Mountains.

Units include a kitchenette with mini fridge/freezer combo and microwave.

The neighborhood offers access to public transit and a quick walk down to Lake Union!
Additional Information
• Application fee: $40
• Deposit: One month's rent
• Utilities are billed at cost (RUBS)
• Tenant Benefit Package of $39 includes wifi, insurance waiver, and positive credit reporting
• Pet-friendly: $49 pet rent/month
• Lease Terms: 9-12 months
• On-site Parking: none

Application Requirements:
• 650 minimum credit score
• Income must be 3 x the monthly rent
• Positive rental history
• Cosigners welcome

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2019
Sold by
Franklin Studios Llc
Bought by
2371 Franklin Partners Llc
Current Estimated Value
$4,592,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,610,000
Outstanding Balance
$3,173,926
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$1,419,032

Purchase Details

Closed on
Apr 27, 2012
Sold by
Keybank National Association
Bought by
Franklin Studios Llc

Purchase Details

Closed on
Oct 21, 2011
Sold by
Burger Charles
Bought by
Keybank National Association

Purchase Details

Closed on
Oct 19, 1998
Sold by
Pacific Coast Investment Company
Bought by
Lake Union Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 1997
Sold by
Franklin Estates Inc
Bought by
Burger Charles
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2371 Franklin Partners Llc $4,696,500 Chicago Title Ncs
Franklin Studios Llc $418,111 First American
Keybank National Association $109,146 None Available
Lake Union Properties Inc $253,000 First American Title Ins Co
Burger Charles -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2371 Franklin Partners Llc $3,610,000
Previous Owner Lake Union Properties Inc $253,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2025 08/04/25 Off Market $1,195 -- --
05/28/2025 05/28/25 Price Changed $1,195 +32.9% $5 / Sq Ft
05/06/2025 05/06/25 Price Changed $899 -2.8% $3 / Sq Ft
04/02/2025 04/02/25 Price Changed $925 -7.4% $4 / Sq Ft
03/15/2025 03/15/25 Price Changed $999 -16.7% $4 / Sq Ft
03/11/2025 03/11/25 Price Changed $1,199 +41.1% $5 / Sq Ft
02/28/2025 02/28/25 Price Changed $850 +6.3% $3 / Sq Ft
02/19/2025 02/19/25 Price Changed $800 -5.9% $3 / Sq Ft
02/11/2025 02/11/25 Price Changed $850 -10.5% $3 / Sq Ft
02/04/2025 02/04/25 Price Changed $950 -4.9% $4 / Sq Ft
01/23/2025 01/23/25 Price Changed $999 +24.9% $4 / Sq Ft
12/10/2024 12/10/24 Price Changed $800 -5.9% $3 / Sq Ft
11/26/2024 11/26/24 Price Changed $850 -5.5% $3 / Sq Ft
10/23/2024 10/23/24 Price Changed $899 +12.4% $3 / Sq Ft
10/13/2024 10/13/24 Price Changed $800 +6.7% $3 / Sq Ft
10/01/2024 10/01/24 Price Changed $750 -6.1% $3 / Sq Ft
09/04/2024 09/04/24 Price Changed $799 +0.5% $3 / Sq Ft
08/28/2024 08/28/24 Price Changed $795 -0.5% $3 / Sq Ft
08/23/2024 08/23/24 Price Changed $799 +6.5% $3 / Sq Ft
08/19/2024 08/19/24 Price Changed $750 -6.1% $3 / Sq Ft
08/17/2024 08/17/24 Price Changed $799 +6.5% $3 / Sq Ft
08/16/2024 08/16/24 Price Changed $750 -5.7% $3 / Sq Ft
08/13/2024 08/13/24 Price Changed $795 -3.6% $3 / Sq Ft
08/07/2024 08/07/24 Price Changed $825 -7.8% $3 / Sq Ft
07/25/2024 07/25/24 Price Changed $895 -12.7% $3 / Sq Ft
07/12/2024 07/12/24 Price Changed $1,025 +3.0% $4 / Sq Ft
07/02/2024 07/02/24 Price Changed $995 +24.5% $4 / Sq Ft
05/30/2024 05/30/24 Price Changed $799 -20.0% $3 / Sq Ft
05/02/2024 05/02/24 Price Changed $999 +25.0% $4 / Sq Ft
01/24/2024 01/24/24 Price Changed $799 0.0% $3 / Sq Ft
11/15/2023 11/15/23 Price Changed $799 -11.1% $3 / Sq Ft
09/14/2023 09/14/23 Price Changed $899 -14.3% $3 / Sq Ft
08/25/2023 08/25/23 Price Changed $1,049 +16.7% $4 / Sq Ft
08/08/2023 08/08/23 For Rent $899 0.0% --
07/27/2023 07/27/23 Price Changed $899 0.0% $3 / Sq Ft
06/22/2023 06/22/23 Price Changed $899 0.0% $3 / Sq Ft
06/22/2023 06/22/23 For Rent $899 +12.5% --
03/28/2023 03/28/23 Price Changed $799 -11.1% $3 / Sq Ft
02/02/2023 02/02/23 Price Changed $899 0.0% $3 / Sq Ft
10/01/2022 10/01/22 Price Changed $899 -10.0% $3 / Sq Ft
08/08/2022 08/08/22 Price Changed $999 0.0% $4 / Sq Ft
07/29/2022 07/29/22 Price Changed $999 +11.1% $4 / Sq Ft
07/14/2022 07/14/22 Price Changed $899 -10.0% $3 / Sq Ft
06/09/2022 06/09/22 Price Changed $999 -16.4% $4 / Sq Ft
06/07/2022 06/07/22 For Rent -- -- --
05/18/2022 05/18/22 For Rent $1,195 -- --

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 $12,904 $1,298,000 $1,298,000 --
2023 $12,650 $1,298,000 $1,298,000 --
2022 $9,778 $1,100,000 $1,100,000 --
2021 $10,512 $1,100,000 $1,100,000 $0
2020 $10,850 $0 $0 $0
2018 -- $946,000 $946,000 $0
Source: Public Records

Map

Washington King County Seattle 98102 Eastlake

2371 Franklin Ave E, Seattle, WA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes