NOT LISTED FOR SALE

2551 Thorndyke Ave W Unit 401 Seattle, WA 98199

Southeast Magnolia Neighborhood

Estimated Value: $629,000 - $703,572

2 Beds
2 Baths
1,335 Sq Ft
$667/mo HOA Fee

Last Sold September 09, 2022

Last sale price $699,950 $524 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,905/month

18 Days on Market

Highlights

  • Views of a Sound
  • Fitness Center
  • Gated Community
  • Mcclure Middle School Rated A-
  • Unit is on the top floor
  • 5-minute walk to Smith Cove Park

About This Home

As of September 2022

Fabulous top-floor 2-story condo in the heart of Magnolia. This 2 bed/2 ba + loft, 1300+ sq. ft. unit lives like a house. Main floor boasts a large kitchen w/pantry, open to dining/living room + a bedroom w/balcony & full bathroom. Upstairs has a loft/office space leading into a luxurious primary suite which has a 5-piece bathroom, large closet w/custom shelving, & sliding doors leading to a huge SE facing covered balcony. Views of Mt. Rainier, DT Seattle, & Elliott Bay from this top floor patio are AMAZING. Recent updates include interior repaint, vinyl plank flooring and HD custom blinds throughout (blackout in bdrms). Complete smart-home package included. 2 gas fireplaces & gas cooking. 14 units, quiet bldg, great HOA. Luxury defined!

Last Agent to Sell the Property

Larissa Sweeney

Lake & Company License #106874 Listed on: 07/27/2022

Lake & Company

Last Buyer's Agent

Mariah O'Keefe

Redfin License #131850

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1973654

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,321

Year Built

  • Built in 2003

Lot Details

  • Open Space
  • End Unit
  • Corner Lot
  • Sprinkler System

HOA Fees

  • $667 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking

Property Views

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

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Stucco
  • Vinyl Construction Material

Interior Spaces

  • 1,335 Sq Ft Home
  • 4-Story Property
  • Vaulted Ceiling
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • Insulated Windows

Kitchen

  • Gas Oven or Range
  • Stove
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Soaking Tub

Laundry

  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Patio

Location

  • Unit is on the top floor
  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5594000130

Community Details

Overview

  • Association fees include common area maintenance, earthquake insurance, garbage, lawn service, sewer, snow removal, water
  • 14 Units
  • Jim Walker Association
  • Secondary HOA Phone (509) 415-0234
  • Monterra At Magnolia Condos
  • Magnolia Subdivision
  • Park Phone (509) 415-0234 | Manager Jim Walker

Amenities

  • Game Room
  • Recreation Room
  • Elevator
  • Lobby

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,321

Year Built

Built in 2003

Lot Details

0

HOA Fees

$667 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 31 - Condo (2 Levels)
  • Year Built: 2003
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Monterra at Magnolia
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1335
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 2
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Jetted/Soaking Tub,Primary Bath,Skylights,SprinklerSystem,Top Floor,Vaulted Ceilings
  • Special Features: None
  • Cumulative Days on Market: 1,017

Interior Features

  • Fireplaces: 2
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Vinyl Plank
  • Interior Amenities: Forced Air, Window Unit A/C, Ceramic Tile, Balcony/Deck/Patio, Cooking-Gas, Dryer-Electric, Ice Maker, Washer, Water Heater
  • Main Level Bedrooms: 1
  • Stories: 4
  • Bathrooms: 2
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • FloorNumberOfUnit: 4
  • StorageNo: 22
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • FireplacesUpper: 1
  • StorageLocation: Garage
  • WindowCoverings: Hunter Douglas Custom Blinds

Exterior Features

  • Roof: Flat
  • View: Bay, City, Mountain(s), Partial, Sound, Territorial
  • Lot Features: Corner Lot, Curbs, Open Space, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Stucco
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common Garage
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: 22

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Connected, Common Area Maintenance, Garbage, Snow Removal
  • HeatingCoolingType: Forced Air,Wall,Window Unit A/C
  • ApplianceHookups: Cooking-Gas,Dryer-Electric,Ice Maker,Washer
  • WaterHeaterLocation: Main Floor
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Cable TV, Elevator, Exercise Room, Fire Sprinklers, Game/Rec Rm, Gated, High Speed Int Avail, Lobby Entrance, Gated
  • Park Manager Name: Jim Walker
  • Park Manager Phone: 509-415-0234
  • Senior Community: No
  • Association Fee: 667
  • Association Fee Frequency: Monthly
  • Phone: 509-415-0234
  • Association: Yes
  • Pets Allowed: Yes
  • Common Interest: Condominium
  • AssociationContactName: Jim Walker
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,Elevator,Exercise Room,Fire Sprinklers,Game/Rec Rm,Gated Entry,High Speed Int Avail,Lobby Entrance,Security Gate

Fee Information

  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Garbage, Lawn Service, Sewer, Snow Removal, Water

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5594000130
  • Lot Size Acres: 0.3367
  • Lot Size Sq Ft: 14665
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • RentalCap: At or above Rental Cap (See Remarks)
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5321

Multi Family

  • Number Of Units In Community: 14
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Aug 31, 2022
Sold by
Zhonga and Kayla
Bought by
Phelps Timothy Scott and Goebig Michaels Christiane
Seller's Agent
Larissa Sweeney
Lake & Company
Buyer's Agent
Mariah O'Keefe
Redfin
List Price
$725,000
Sold Price
$699,950
Premium/Discount to List
-$25,050
-3.46%
Total Days on Market
18
Current Estimated Value
$664,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,807
Avg. Annual Appreciation
-2.51%
Original Mortgage
$629,955
Outstanding Balance
$607,859
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$44,922

Purchase Details

Listed on
Apr 25, 2019
Closed on
Jun 6, 2019
Sold by
Monderer David G and Monderer Marie N
Bought by
Zhonga Enea and Zhonga Kayla
Seller's Agent
Ryan Raffetto
Rennie Group
Buyer's Agent
Shelley Carlson
Engel & Voelkers Seattle DT
List Price
$599,950
Sold Price
$599,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.87%
Original Mortgage
$479,960
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2015
Closed on
Jul 9, 2015
Sold by
Hart Melody A
Bought by
Monderer David G and Monderer Marie N
Seller's Agent
Stacey Cross
Windermere Real Estate/East
Buyer's Agent
Stacey Cross
Windermere Real Estate/East
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%

Purchase Details

Closed on
Sep 8, 2005
Sold by
Hoch Armand Lee and Hart Melody
Bought by
Hart Melody

Purchase Details

Closed on
May 24, 2005
Sold by
Hoch Melody A
Bought by
Hoch A Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,900
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 28, 2005
Sold by
Thorndyke West Llc
Bought by
Hoch A Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,900
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Phelps Timothy Scott $699,950 --
Zhonga Enea $599,950 Cw Title
Monderer David G $430,000 Cw Title Co
Hart Melody -- None Available
Hoch A Lee -- Lawyers Title
Hoch A Lee $419,900 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phelps Timothy Scott $629,955
Previous Owner Zhonga Enea $474,000
Previous Owner Zhonga Enea $479,960
Previous Owner Hart Melody A $295,500
Previous Owner Hoch A Lee $335,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $699,950 0.0% $524 / Sq Ft
08/14/2022 08/14/22 Pending -- -- --
08/12/2022 08/12/22 Price Changed $699,950 -3.5% $524 / Sq Ft
07/27/2022 07/27/22 For Sale $725,000 +20.8% $543 / Sq Ft
06/14/2019 06/14/19 Sold $599,950 0.0% $440 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
04/25/2019 04/25/19 For Sale $599,950 +39.5% $440 / Sq Ft
07/13/2015 07/13/15 Sold $430,000 -4.4% $322 / Sq Ft
07/01/2015 07/01/15 Pending -- -- --
06/19/2015 06/19/15 For Sale $450,000 0.0% $337 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $450,000 -- $337 / 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 $6,123 $643,000 $195,000 $448,000
2023 $5,007 $640,000 $195,000 $445,000
2022 $5,321 $594,000 $178,800 $415,200
2021 $5,377 $583,000 $178,800 $404,200
2020 $5,967 $560,000 $178,800 $381,200
2018 $4,682 $610,000 $162,500 $447,500
2017 $4,152 $476,000 $135,400 $340,600
2016 $4,019 $436,000 $109,400 $326,600
2015 $3,928 $412,000 $109,400 $302,600
2014 -- $415,000 $97,500 $317,500
2013 -- $361,000 $92,100 $268,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1973654

Northwest Multiple Listing Service (NWMLS)

APN: 559400-0130