Listed by Capstone Commercial, Bought with Windermere Real Estate Co.
NOT LISTED FOR SALE

2626 Franklin Ave E Seattle, WA 98102

Eastlake Neighborhood

Estimated Value: $993,000 - $1,039,000

0.13 Acres
$8,101,243 Price per Acre
5,500 Sq Ft Lot

Sale Details

Date Sold: February 18, 2022

Last sale price $1,650,000

Est. 38% decrease in value since last sale

Current estimated payment $6,206 / mo

82 Days on Market

About This Lot

As of February 2022

Amazing Eastlake neighborhood location! 5500 sqft lot zoned LR2(m) perfect for townhouse development. Feasibility study completed by Caron Architecture shows possibility for six (6) townhome style units. Existing 5-unit apartment complex 100% occupied. Asking price $2,000,000.

Last Agent to Sell the Property

Ryan Downing

Capstone Commercial License #2512 Listed on: 08/17/2021

Last Buyer's Agent

Ryan Hardy

Windermere Real Estate Co. License #117317

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1827542

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Lot Details

  • 5,500 Sq Ft Lot
  • Zoning described as LRZ(M)

Community Details

  • Eastlake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1959700200

Property Details

Property Type

Land

Lot Details

5,500 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: On Property
  • Water Source: Available, On Property
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected
  • ElectricityStatus: On Property
  • GasStatus: Available

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 1959700200
  • Lot Size Acres: 0.1263
  • Lot Size Sq Ft: 5500
  • Zoning Description: LRZ(M)
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Rental Info

  • Furnished: Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
Build Frank Llc
Bought by
Schmedding Florian Guenter and Perez Olga Elisa
Current Estimated Value
$1,023,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Outstanding Balance
$353,755
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$669,432

Purchase Details

Closed on
Jun 2, 2022
Sold by
Build Frank Llc
Bought by
City Of Seattle

Purchase Details

Listed on
Aug 17, 2021
Closed on
Mar 21, 2022
Sold by
Lof Holding Company Llc
Bought by
Build Frank Llc
Seller's Agent
Ryan Downing
Capstone Commercial
Buyer's Agent
Ryan Hardy
Windermere Real Estate Co.
List Price
$2,000,000
Sold Price
$1,650,000
Premium/Discount to List
-$350,000
-17.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.73%
Original Mortgage
$550,000
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 17, 2021
Closed on
Feb 17, 2022
Sold by
Gunnborg Knudsen
Bought by
Lof Holding Company Llc
Seller's Agent
Ryan Downing
Capstone Commercial
Buyer's Agent
Ryan Hardy
Windermere Real Estate Co.
List Price
$2,000,000
Sold Price
$1,650,000
Premium/Discount to List
-$350,000
-17.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 5, 2002
Sold by
Knudsen Gunnborg
Bought by
Knudsen Gunnborg

Purchase Details

Closed on
Nov 2, 1983
Sold by
Ten X Inc
Bought by
Knudsen Clarence T and Knudsen Gunnborg
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
Schmedding Florian Guenter $1,065,000 First American Title Insurance
City Of Seattle -- None Listed On Document
Build Frank Llc -- Chicago Title
Lof Holding Company Llc $1,650,000 Chicago Title
Knudsen Gunnborg -- --
Knudsen Clarence T $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmedding Florian Guenter $357,000
Previous Owner Build Frank Llc $550,000
Previous Owner Build Frank Llc $1,555,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $1,650,000 -17.5% --
11/07/2021 11/07/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $2,000,000 -- --
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 $9,375 $992,000 $472,000 $520,000
2023 $2,811 $231,500 $230,500 $1,000
2022 $14,041 $1,613,000 $1,320,000 $293,000
2021 $15,987 $1,518,000 $1,320,000 $198,000
2020 $15,627 $1,653,000 $1,430,000 $223,000
2018 $14,912 $1,520,000 $1,100,000 $420,000
2017 $12,739 $1,509,000 $770,000 $739,000
2016 $10,504 $1,330,000 $522,500 $807,500
2015 $8,671 $1,065,000 $522,500 $542,500
2014 -- $896,000 $522,500 $373,500
2013 -- $853,000 $522,500 $330,500
Source: Public Records

Agents Affiliated with this Home

  • Ryan Downing

    Seller's Agent in 2022

    Ryan Downing

    Capstone Commercial

    (206) 324-9427

    1 in this area

    4 Total Sales

    Ryan Downing
    Section Image

  • R

    Buyer's Agent in 2022

    Ryan Hardy

    Windermere Corporate

    (206) 448-6000

    2 in this area

    18 Total Sales

    Ryan Hardy
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1827542

Northwest Multiple Listing Service (NWMLS)

APN: 195970-0200

Washington King County Seattle 98102 Eastlake

2626 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.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID

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