NOT LISTED FOR SALE

505 W Olympic Place Unit C Seattle, WA 98119

Lower Queen Anne Neighborhood

Estimated Value: $1,542,000 - $1,746,000

3 Beds
3 Baths
2,660 Sq Ft
$628/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $1,230,000 $462 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $10,421/month

6 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • 2 Fireplaces
  • John Hay Elementary School Rated A
  • Wood Flooring
  • Corner Lot

About This Home

As of March 2015

Breathtaking views of the Puget Sound, Mount Rainier and downtown from this absolutely stunning home. 3 bed, 2.5 bath, 2 car garage, central AC, family, living & dining rooms are just a few highlights of this perfect condition home. Almost 700 sq/ft master bedroom with a very large view deck. Gourmet kitchen with Viking appliances throughout. Very rare and spacious private backyard. Double-wall construction, impossible to find. Less than 10 min. to Lake Union & downtown Seattle. Must see!

Last Listed By

Sam Koswa

Queen Anne Real Estate License #23481 Listed on: 02/20/2015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM744297

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,906

Year Built

  • Built in 2007

Lot Details

  • Street terminates at a dead end
  • Property is Fully Fenced
  • Sloped Lot

Parking

  • Attached Garage

Property Views

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

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Cement Board or Planked

Interior Spaces

  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Queen Anne Community

Listing and Financial Details

  • Assessor Parcel Number 3879901285

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,906

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 32 - Townhouse
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, High Tech Cabling, Security System, Skylights, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Lower Level Bedroom: 2
  • Bathrooms: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2660

Exterior Features

  • Construction Methods: Double Wall
  • Exterior: Cement Planked
  • Foundation: Poured Concrete
  • Roof: Torch Down
  • View: Bay, City, Mountain, Sound, Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Central A/C, Radiant
  • Power Company: Seattle
  • Sewer: Sewer Connected
  • Sewer Company: Seattle
  • Water Company: Seattle
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 75
  • Community Name: Queen Anne

Schools

  • Elementary School: Coe
  • Middle School: Mc Clure Mid
  • High School: Ballard High
  • School District: SEA

Lot Info

  • Lot Details: Corner Lot, Curbs, Dead End Street, Paved Street, Sidewalk
  • Lot Sq Ft: 1967
  • Lot Topography Vegetation: Partial Slope
  • Parcel Number: 3879901285
  • Lot Topography: Partial Slope

Tax Info

  • Tax Amount: 7603

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2015
Closed on
Mar 26, 2015
Sold by
Ripley Robert G and Kadel Nancy J
Bought by
Aubrey Colleen and Miller Kevin
Seller's Agent
Sam Koswa
Queen Anne Real Estate
Buyer's Agent
Sam Koswa
Queen Anne Real Estate
List Price
$1,250,000
Sold Price
$1,230,000
Premium/Discount to List
-$20,000
-1.6%
Total Days on Market
6
Current Estimated Value
$1,669,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,493
Avg. Annual Appreciation
3.17%
Original Mortgage
$930,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2011
Sold by
5Th & Olympic Llc
Bought by
Ripley Robert G and Kadel Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2007
Sold by
5Th & Olympic Llc
Bought by
Lopez Gerardo I and Lopez Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2003
Sold by
Kalma Steven J
Bought by
5Th & Olympic Llc

Purchase Details

Closed on
Dec 28, 1994
Sold by
Baldwin Keith R and Weaver Clara L
Bought by
Kalma Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,000
Interest Rate
9.2%
Mortgage Type
Seller Take Back

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
Aubrey Colleen $1,230,000 First American
Ripley Robert G $905,000 The Talon Group
Lopez Gerardo I $1,195,000 The Talon Grou
5Th & Olympic Llc $1,800,000 Chicago Title
Kalma Steven J $675,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aubrey Colleen $845,485
Closed Aubrey Colleen $921,000
Closed Aubrey Colleen $930,000
Previous Owner Riple Robert G $175,000
Previous Owner Ripley Robert G $506,000
Previous Owner Ripley Robert G $565,000
Previous Owner 5Th & Olympic Llc $1,000,000
Previous Owner 5Th & Olympic Llc $4,050,000
Previous Owner Lopez Gerardo I $417,000
Previous Owner 5Th & Olympic Llc $8,925,000
Previous Owner Kalma Steven J $313,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2015 03/31/15 Sold $1,230,000 -1.6% $462 / Sq Ft
02/27/2015 02/27/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $1,250,000 -- $470 / 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 $12,906 $1,376,000 $648,000 $728,000
2023 $12,959 $1,404,000 $648,000 $756,000
2022 $12,168 $1,520,000 $686,000 $834,000
2021 $11,172 $1,353,000 $436,000 $917,000
2020 $12,356 $1,177,000 $401,000 $776,000
2018 $11,083 $1,429,000 $428,000 $1,001,000
2017 $10,816 $1,141,000 $370,000 $771,000
2016 $9,195 $1,153,000 $344,000 $809,000
2015 $7,603 $955,000 $388,000 $567,000
2014 -- $797,000 $311,000 $486,000
2013 -- $748,000 $294,000 $454,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM744297

Northwest Multiple Listing Service (NWMLS)

APN: 387990-1285