NOT LISTED FOR SALE

Estimated Value: $8,751,028 - $9,617,000

-- Bed
1 Bath
195 Sq Ft
$47,098/Sq Ft Est. Value

About This Home

Welcome to our efficient and convenient studio located in the heart of West Seattle!

We are a simple, efficient affordable building in a great neighborhood. Alcove West Seattle offers thoughtfully designed studio and lofted apartments, perfect for anyone seeking comfort and simplicity. Many units even feature private balconies, giving you a personal outdoor space to relax and unwind. Our apartments give you just enough space to rest and relax, while the efficiency kitchen gives you just enough space to prepare your essentials. We have both lofted and studio spaces, and many of our apartments have balconies.

Location is everything, and here you're just steps from 7-Eleven and Taco Time, a 5-minute walk to West Seattle Golf Course, and a 10-minute walk to the YMCA. Commuting is easy with the West Seattle Bridge less than 2 minutes away, I-5 just 10 minutes by car, and the RapidRide bus stop around the corner, offering quick access to downtown Seattle.

Need groceries? You’re conveniently close to Whole Foods and Trader Joe’s. Want some nature? Me-Kwa-Mooks Park and its beautiful waterfront views are only an 8-minute drive.

Additional amenities include high-speed Wi-Fi and a shared laundry facility for added convenience.

Important info
1. Security Deposit : One month rent
2. $40 Application fee
3. Move in costs are security deposit and first month rent
4. Utilities billed at cost, currently $103/m (additional 50% charge per tenant above one)
5. Tenant Benefit Package for $39 covers WiFi, insurance waiver, and POSITIVE credit building
6. No parking on site but plenty in the street nearby or in neighboring garages

Optional Charges:
- Dog rent: $45/m (no deposit)
- Cat rent: $25/m (no deposit)

Application Requirements:
-650 minimum credit score
-Income must be 3 x the monthly rent
-Positive rental history
-Cosigners welcome
-Students and international students welcome

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2020
Sold by
Cypress Equities Llc
Bought by
Larix House Llc
Current Estimated Value
$9,184,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,550,000
Outstanding Balance
$4,045,240
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$5,138,774

Purchase Details

Closed on
Apr 12, 2012
Sold by
Jarrell David E and Deak Judith A
Bought by
Cypress Equities Llc

Purchase Details

Closed on
Jan 24, 1989
Sold by
Hauck Charlkes O and Hauck Anne M
Bought by
Jarrell David E and Jarrell Judith A
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Larix House Llc $6,994,400 Stewart Title
Cypress Equities Llc $296,000 Chicago Title
Jarrell David E $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larix House Llc $4,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2023 06/24/23 Price Changed $945 -9.6% $5 / Sq Ft
06/23/2023 06/23/23 Price Changed $1,045 +23.7% $5 / Sq Ft
06/10/2023 06/10/23 For Rent $845 -- --

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 $9,512 $960,000 $960,000 --
2023 $9,320 $960,000 $960,000 --
2022 $8,386 $960,000 $960,000 --
2021 $8,188 $864,000 $864,000 $0
2020 $7,132 $0 $0 $0
2018 -- $600,000 $600,000 $0
Source: Public Records

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