Listed by Windermere RE/Capitol Hill,Inc
NOT LISTED FOR SALE

5960 Martin Luther King jr Way S Seattle, WA 98118

Columbia City Neighborhood

Estimated Value: $2,253,211

1.52 Acres
$1,482,668 Price per Acre
66,198 Sq Ft Lot

Last Sold March 20, 2023

Last sale price $2,100,000

Est. 7% increase in value since last sale

Current estimated payment $13,752/month

4 Days on Market

Highlights

  • 1.52 Acre Lot
  • No HOA
  • Level Lot

About This Lot

As of March 2023

NC2-55(M) zoned lot ready for your vision to build a commercial, residential or retail structure. Level and well situated near the proposed Graham St. light rail station. Critical areas and proposed mitigation areas plan completed.

Last Agent to Sell the Property

John Beuscher

Windermere RE/Capitol Hill,Inc License #130910 Listed on: 10/17/2022

Windermere RE/Capitol Hill,Inc

Co-Listed By

Peter Olive

Windermere RE/Capitol Hill,Inc License #95868

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2008312

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $52,299

Lot Details

  • 1.52 Acre Lot
  • Level Lot
  • Zoning described as NC2-55

Utilities

  • Sewer in Street

Community Details

  • No Home Owners Association
  • Sunnyside Condos
  • Dunlap Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8113100160

Property Details

Property Type

Land

Est. Annual Taxes

$52,299

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 43 - Comm/Industrial
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Sunnyside
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush,Lightly Treed
  • Special Features: None

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Lot Features: Curbs, Paved, Sidewalk
  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Industrial
  • RoadInformation: Paved
  • RoadOnWhichSide: West

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: In Street
  • Water Source: In Street
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: No
  • Utilities: Natural Gas Available, Electricity Available
  • ElectricityStatus: In Street
  • GasStatus: In Street
  • SepticDesignInstalled: false

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 8113100160
  • Topography: Level
  • Lot Size Acres: 1.5197
  • Lot Size: 137 x 475 (approximate)
  • Lot Size Sq Ft: 66198
  • Zoning Description: NC2-55
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Reallist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial
  • PublicLandSurvey: 04-24-22-SW

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 52299
  • AdditionalTaxIds: 8113100160

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2022
Closed on
Mar 17, 2023
Sold by
Chinn Eileen Tam
Bought by
Project S49 Llc
Seller's Agent
John Beuscher
Windermere RE/Capitol Hill,Inc
List Price
$2,200,000
Sold Price
$2,100,000
Premium/Discount to List
-$100,000
-4.55%
Views
2
Current Estimated Value
$2,253,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,211
Avg. Annual Appreciation
2.79%

Purchase Details

Closed on
Jan 27, 2007
Sold by
Tam Luis W and Tam Pacita Q
Bought by
Tam Irwin Q and Tam Edwin Q

Purchase Details

Closed on
Dec 13, 2006
Sold by
Tam Luis W and Tam Pacita Q
Bought by
Chinn Eileen Tam and Tam Irwin Q

Purchase Details

Closed on
May 15, 1997
Sold by
Tam Luis W and Tam Pacita Q
Bought by
Tam Luis W and Tam Pacita Q
Source: Public Records

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
Project S49 Llc $2,100,000 Fidelity National Title
Tam Irwin Q -- None Available
Chinn Eileen Tam -- None Available
Tam Luis W -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2023 03/20/23 Sold $2,100,000 -4.5% --
10/21/2022 10/21/22 Pending -- -- --
10/17/2022 10/17/22 For Sale $2,200,000 -- --
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 $21,109 $2,100,000 $2,100,000 --
2023 $24,526 $2,750,000 $2,750,000 $0
2022 $52,299 $2,750,000 $2,750,000 $0
2021 $54,929 $2,750,000 $2,750,000 $0
2020 $49,967 $5,688,000 $5,688,000 $0
2018 $49,012 $4,251,780 $4,251,780 $0
2017 $41,172 $3,543,000 $3,543,000 $0
2016 $35,776 $4,302,800 $4,302,800 $0
2015 $29,509 $3,640,800 $3,640,800 $0
2014 -- $2,978,900 $2,978,900 $0
2013 -- $2,978,900 $2,978,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2008312

Northwest Multiple Listing Service (NWMLS)

APN: 811310-0160