NOT LISTED FOR SALE

507 W Olympic Place Unit A Seattle, WA 98119

Lower Queen Anne Neighborhood

Estimated Value: $1,615,000 - $1,752,767

3 Beds
2.5 Baths
2,660 Sq Ft
$634/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $1,715,000 $645 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $10,799/month

16 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Property is near public transit
  • John Hay Elementary School Rated A
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of April 2024

Unobstructed Bay, Mt. Rainier and city VIEWS from every level! Sited off the street for added privacy, views, and with custom double walls. An in-city oasis only a short walk to Amazon, Gates Foundation and all the designer shops and gourmet restaurants quiet Queen Anne is known for. The formal entry opens to gleaming hardwood flrs set under high ceilings that continue thru your expansive open living/dining room and magnificent gourmet kitchen designed for epicurean standards with Viking stainless appls and solid slab granite! This also offers 3 luxury spa-like baths, 2 fp's, ELEVATOR, A/C, including in the luxury entire top floor master w/the 2nd FP and 2nd wash/dryer! The 1st lvl also w/ views has a lg rare private-fenced expansive patio!

Last Listed By

Jeffrey Valcik

John L. Scott, Inc. License #103104 Listed on: 03/20/2024

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2211512

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $13,477

Year Built

  • Built in 2007

Lot Details

  • 1,973 Sq Ft Lot
  • Street terminates at a dead end
  • South Facing Home
  • Property is Fully Fenced
  • Terraced Lot
  • Property is in very good condition

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

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

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,660 Sq Ft Home
  • Multi-Level Property
  • 2 Fireplaces
  • Gas Fireplace
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near public transit

Schools

  • Frantz Coe Elementary School
  • Mc Clure Mid Middle School
  • Ballard High School

Utilities

  • Radiant Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Vadym Dragan Association
  • Secondary HOA Phone (443) 791-7971
  • Queen Anne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3879901295

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$13,477

Year Built

Built in 2007

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 32 - Townhouse
  • Year Built: 2007
  • Buyer Agency Compensation: 2.50
  • Inclusions: Dishwashers,Dryers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 2660
  • EffectiveYearBuiltSource: See Remarks
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 411

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Hardwood, Fireplace
  • Living Area: 2660
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2660
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • FireplacesUpper: 1

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s), See Remarks, Sound, Territorial
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: South
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Townhouse
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • PowerCompany: City of Seattle
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • CableConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Phone: 443-791-7971
  • Association: Yes
  • Common Interest: Residential
  • AssociationContactName: Vadym Dragan

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Seattle
  • High School: Ballard High
  • Middle Or Junior School: Mc Clure Mid

Lot Info

  • Parcel Number: 3879901295
  • Topography: Terraces
  • Land Lease: No
  • Lot Size Acres: 0.0453
  • Lot Size Sq Ft: 1973
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Tax Records
  • MLSSquareFootageSource: Tax Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 13477

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Frantz Coe Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Apr 17, 2024
Sold by
Ihm Chang Kee
Bought by
Mason Laurel P and Mason Andrew T
Seller's Agent
Jeffrey Valcik
John L. Scott, Inc.
Buyer's Agent
Michele Schuler
Realogics Sotheby's Int'l Rlty
List Price
$1,749,950
Sold Price
$1,715,000
Premium/Discount to List
-$34,950
-2%
Total Days on Market
16
Views
40
Current Estimated Value
$1,687,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,308
Avg. Annual Appreciation
-1.46%

Purchase Details

Listed on
Sep 12, 2014
Closed on
Nov 10, 2014
Sold by
Hooper Richard C and Silberg Nancy J
Bought by
Ihm Chang Kee
Seller's Agent
Sam Koswa
Queen Anne Real Estate
Buyer's Agent
Tony Park
Skyline Properties, Inc.
List Price
$1,250,000
Sold Price
$1,240,000
Premium/Discount to List
-$10,000
-0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.49%

Purchase Details

Closed on
Feb 3, 2010
Sold by
5Th & Olympic Llc
Bought by
Hooper Richard C and Silberg 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
$450,000
Interest Rate
1.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2007
Sold by
5Th & Olympic Llc
Bought by
Sacotte Midori and Sacotte Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$954,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 7, 2007
Sold by
5Th & Olympic Llc
Bought by
Hug Timothy H and Hofmann David F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$717,600
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2003
Sold by
Thorn Gary P and Thorn Kristi A
Bought by
5Th & Olympic Llc

Purchase Details

Closed on
Jun 4, 2001
Sold by
Thorn Gary P and Thorn Kristi A
Bought by
Thorn Gary P and Thorn Kristi A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Mason Laurel P $1,715,000 Chicago Title
Ihm Chang Kee $1,240,000 First American
Hooper Richard C $1,145,000 The Talon Group
Sacotte Midori $1,050,000 The Talon Grou
Hug Timothy H $897,000 The Talon Grou
5Th & Olympic Llc $900,000 Chicago Title
Thorn Gary P -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hooper Richard C $450,000
Previous Owner Sacotte Midori $954,000
Previous Owner Sacotte Midori $840,000
Previous Owner Sacotte Midori $104,895
Previous Owner Hug Timothy H $717,600
Previous Owner 5Th & Olympic Llc $8,925,000
Previous Owner Thorn Gary P $431,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $1,715,000 -2.0% $645 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,749,950 +41.1% $658 / Sq Ft
11/14/2014 11/14/14 Sold $1,240,000 0.0% $466 / Sq Ft
11/06/2014 11/06/14 Off Market $1,240,000 -- --
09/19/2014 09/19/14 Pending -- -- --
09/12/2014 09/12/14 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 $13,825 $1,476,000 $648,000 $828,000
2023 $13,477 $1,507,000 $648,000 $859,000
2022 $12,654 $1,631,000 $686,000 $945,000
2021 $11,619 $1,408,000 $436,000 $972,000
2020 $12,845 $1,225,000 $401,000 $824,000
2018 $11,522 $1,487,000 $428,000 $1,059,000
2017 $11,241 $1,187,000 $370,000 $817,000
2016 $10,191 $1,199,000 $344,000 $855,000
2015 $8,410 $1,060,000 $388,000 $672,000
2014 -- $884,000 $311,000 $573,000
2013 -- $830,000 $294,000 $536,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2211512

Northwest Multiple Listing Service (NWMLS)

APN: 387990-1295