NOT LISTED FOR SALE

2550 Thorndyke Ave W Unit 402 Seattle, WA 98199

Southeast Magnolia Neighborhood

Estimated Value: $402,000 - $524,000

2 Beds
2 Baths
952 Sq Ft
$516/mo HOA Fee

Last Sold October 16, 2020

Last sale price $420,000 $441 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,388/month

49 Days on Market

Highlights

  • Views of a Sound
  • Unit is on the top floor
  • Property is near public transit
  • Mcclure Middle School Rated A-
  • Gated Community
  • Elevator

About This Home

As of October 2020

The quintessential condo in the sweetest Magnolia location. Remodeled open-concept, sun drenched, top floor unit, w/ show stopping views of Rainer, Puget Sound & golf-course. *NEW* granite counter tops, appliances, paint, flooring, recessed lighting, bathroom vanities, heaters in bedrooms, and much more. Off street-parking and sizable storage unit. Perfect for owner occupied as well as investors. Great proximity to groceries, coffee, parks, and quick commute to Dwntwn, SLU, QA, & Ballard.

Last Buyer's Agent

Jeff Reynolds

COMPASS License #98419

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1633065

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,264

Year Built

  • Built in 1969

HOA Fees

  • $516 Monthly HOA Fees

Property Views

  • Views of a Sound
  • Golf Course
  • Mountain
  • Territorial
  • Limited

Home Design

  • Flat Roof Shape
  • Bitumen Roof

Interior Spaces

  • 952 Sq Ft Home
  • 4-Story Property
  • Insulated Windows
  • Blinds
  • Vinyl Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Off-Street Parking

Outdoor Features

  • Balcony

Location

  • Unit is on the top floor
  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 3395150320

Community Details

Overview

  • Association fees include central hot water, common area maintenance, garbage, lawn service, water/sewer
  • Val Park Association
  • Secondary HOA Phone (206) 261-4787
  • Holly Terrace Condos
  • Magnolia Subdivision
  • Park Manager: Jan Bunker-Quorum

Amenities

  • Laundry Facilities
  • Elevator

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,264

Year Built

Built in 1969

Lot Details

0

HOA Fees

$516 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1969
  • Inclusions: Dishwasher,GarbageDisposal,Microwave,RangeOven,Refrigerator
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Holly Terrace
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 952
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 2
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,Insulated Windows,Primary Bath,Top Floor
  • SOCComments: You Deserve it!
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Water Heater
  • Main Level Bedrooms: 2
  • Stories: 4
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 4
  • StorageNo: 15
  • AppliancesIncluded: Dishwasher,Garbage Disposal,Microwave,Range/Oven,Refrigerator
  • StorageLocation: 4th floor laundry room
  • WindowCoverings: blinds

Exterior Features

  • Roof: Flat, Torch Down
  • View: Golf Course, Mountain(s), Partial, Sound, Territorial
  • Lot Features: Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Structure Type: Multi Family
  • BusLineNearby: true

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Off Street, Uncovered
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: 19

Utilities

  • Heating Yn: Yes
  • Utilities: Electricity Available, Garbage, Water/Sewer
  • WaterHeaterLocation: Basement
  • WaterHeaterType: Central Gas Boiler

Condo/Co-op/Association

  • Community Features: Cable TV, Elevator, Laundry Room, Outside Entry
  • Park Manager Name: Jan Bunker-Quorum
  • Association Fee: 516
  • Association Fee Frequency: Monthly
  • Phone: 206-261-4787
  • AssociationContactName: Val Park
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,Elevator,Gated Entry,High Speed Int Avail,Laundry Room,Outside Entry

Fee Information

  • Association Fee Includes: Central Hot Water, Common Area Maintenance, Garbage, Lawn Service, See Remarks, Water/Sewer

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3395150320
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSSquareFootageSource: tax records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3264

Multi Family

  • Number Of Units In Community: 1
  • UnitsInBuildingTotal: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Oct 8, 2020
Sold by
Meiusi Peter
Bought by
Linton Hillary
Buyer's Agent
Jeff Reynolds
COMPASS
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Current Estimated Value
$481,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,689
Avg. Annual Appreciation
2.78%
Original Mortgage
$315,000
Outstanding Balance
$280,176
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$201,513

Purchase Details

Listed on
Jun 25, 2019
Closed on
Aug 16, 2019
Sold by
Prime Linda Marie and Revocable Living Trust Of Mavi
Bought by
Meiusi Peter
Seller's Agent
Joseph Goldberg
Lake & Company
Buyer's Agent
Joseph Goldberg
Lake & Company
List Price
$349,950
Sold Price
$320,000
Premium/Discount to List
-$29,950
-8.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.42%
Original Mortgage
$304,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2014
Sold by
Nelson Mavis H
Bought by
Revocable Llving Trust Of Mavis Holl

Purchase Details

Closed on
Dec 23, 1982
Sold by
Holly Management Of Washington
Bought by
Nelson Mavis H
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
Linton Hillary $420,000 Modus
Meiusi Peter $320,000 None Available
Revocable Llving Trust Of Mavis Holl -- None Available
Nelson Mavis H $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linton Hillary $315,000
Previous Owner Meiusi Peter $304,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2020 10/16/20 Sold $420,000 -1.2% $441 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $425,000 +32.8% $446 / Sq Ft
08/21/2019 08/21/19 Sold $320,000 -1.5% $336 / Sq Ft View Prior Sale
07/29/2019 07/29/19 Pending -- -- --
07/20/2019 07/20/19 Price Changed $325,000 -7.1% $341 / Sq Ft
06/25/2019 06/25/19 For Sale $349,950 -- $368 / 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 $3,820 $395,000 $181,100 $213,900
2023 $3,501 $417,000 $181,100 $235,900
2022 $3,519 $411,000 $167,200 $243,800
2021 $3,349 $381,000 $167,200 $213,800
2020 $291 $88,300 $23,200 $65,100
2018 $297 $88,300 $23,200 $65,100
2017 $302 $298,000 $116,100 $181,900
2016 $370 $228,000 $93,800 $134,200
2015 $349 $218,000 $93,800 $124,200
2014 -- $196,000 $83,600 $112,400
2013 -- $165,000 $78,900 $86,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1633065

Northwest Multiple Listing Service (NWMLS)

APN: 339515-0320