Listed by DuVestCo, Inc
NOT LISTED FOR SALE
1.89 Acres
-- Price per Acre
82,328 Sq Ft Lot

Last Sold June 23, 2021

Last sale price $2,647,800

1,454 Days on Market

About This Lot

As of June 2021

High visibility, level, multi-family or hotel site w/SEPA, EB 5 eligible, with 395' of I-5 frontage & 206,000 vehicles per day traffic count. Contact LA for Feasibility Study for 250 DU MF, 257 DU Hotel, or combo MF/Hotel project. Property is fully serviced, has 8-year Multi-Family property tax exemption, and offers spectacular sound and mountain views above parking levels in all directions. 4 blocks from new 4-star Artemis Hotel. City promises quick permits and reduced fees.

Last Agent to Sell the Property

Ronald Dupard

DuVestCo, Inc License #11833 Listed on: 01/31/2014

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM588489

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $19,870

Lot Details

Property Views

  • Views of a Sound
  • City
  • Mountain
  • Territorial

Additional Features

  • Level Lot
  • Sewer in Street

Community Details

  • Des Moines Community

Listing and Financial Details

  • Assessor Parcel Number 2724200225

Property Details

Property Type

Land

Est. Annual Taxes

$19,870

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Brush, Lightly Treed
  • Style: 42 - Multi-Family
  • Restrictions: No Restrictions
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: County Maintained, Paved
  • Road On Which Sideof Property: North and South Sides
  • View: City, Mountain, Sound, Territorial
  • Water Jurisdiction: Highline Water Dist.

Utilities

  • Electricity: In Street
  • Gas Available: In Street
  • Sewer: In Street
  • Water: Available, In Street

Condo/Co-op/Association

  • Community Name: Des Moines
  • Project: Gem Add Des Moines

Schools

  • Elementary School: Madrona Elem
  • Middle School: Chinook Mid
  • High School: Buyer To Verify
  • School District: HGL

Lot Info

  • Lot Number: 1-30
  • General Zoning Classification: Commercial, Multi-Family
  • Improvements: Fenced-Partially
  • Lot Details: Paved Street
  • Lot Dimensions: Buyer to determine
  • Lot Sq Ft: 82160
  • Parcel Number: 2724200225
  • Slopeof Property: Site is level
  • Topography: Level
  • Zoning Jurisdiction: City
  • Zoning Remarks: Pacific Ridge Commer

Tax Info

  • Tax Amount: 7359

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2023
Sold by
Ctrl Puget Sound Regional Tran
Bought by
Wintergreen Place Apartments Llc

Purchase Details

Closed on
Feb 23, 2022
Sold by
Central Puget Sound Regional Transit Aut
Bought by
State Of Washington Department Of Transportat

Purchase Details

Closed on
May 12, 2008
Sold by
Gabay Leopold F and Creswell Greta S
Bought by
Smith Court Llc
Source: Public Records

Range of Values:

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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
Wintergreen Place Apartments Llc $313 None Listed On Document
State Of Washington Department Of Transportat $313 None Listed On Document
Smith Court Llc $649,286 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gabay Leopold F $369,096
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2021 06/23/21 Sold $2,647,800 -11.7% --
01/30/2018 01/30/18 Pending -- -- --
02/05/2014 02/05/14 For Sale $2,999,000 -- --
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 $19,870 $2,216,700 $2,216,700 --
2023 $19 $1,706,700 $1,706,700 $0
2022 $19,198 $2,054,000 $2,054,000 $0
2021 $20,279 $1,561,000 $1,561,000 $0
2020 $19,037 $1,561,000 $1,561,000 $0
2018 $11,621 $1,150,200 $1,150,200 $0
2017 $11,507 $821,600 $821,600 $0
2016 $7,907 $821,600 $821,600 $0
2015 $8,037 $575,100 $575,100 $0
2014 -- $575,100 $575,100 $0
2013 -- $534,000 $534,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM588489

Northwest Multiple Listing Service (NWMLS)

APN: 272420-0225