NOT LISTED FOR SALE

Estimated Value: $510,674 - $796,000

1 Bed
1 Bath
806 Sq Ft
$738/Sq Ft Est. Value

About This Home

It’s all about the view: A Rare 1 Bedroom Opportunity!

Quick Summary of the property —
Location: 601 Belmont Ave East | The Shannon [at Belmont & Mercer]
Views: Western-facing 180° view with spectacular sunsets and city scenery.
Unit Tour: Available on Wednesday, 7/31/24 from 4pm-5pm; please contact to book an appointment.

Live like an Owner! Established in 1970, The Shannon Condominium has been a Capitol Hill icon for over five decades. This is a rare opportunity to rent a privately owned unit in a building occupied by a majority of owners! Forget dealing with impersonal management companies or buildings designed only for rentals— The Shannon is a community that is well-maintained and cared for. Plus, you’ll have direct access to a real human people who care about your living experience.

Unmatched Features and Benefits:
• Views: Enjoy western-facing 180° views with spectacular sunsets and city scenery. Marvel at the stunning unrestricted vistas of West Seattle, Downtown Seattle, Queen Anne Hill, Lake Union, Gasworks Park, Elliott Bay/Puget Sound, Bainbridge Island, and the Olympic Mountains. Actual pictures are in this ad!
• Prime Location: Perfectly situated for an easy commute to Amazon, Fred Hutch, SLU, Downtown, and UW. Just a 10-minute walk to the Capitol Hill Light Rail station and THREE blocks from Broadway, offering a variety of retail, nightlife, and award-winning restaurants.

Interior Features:
- Marble Floors and Counters
- Granite Countertops
- Stainless Steel Appliances
- Open Kitchen
- Built-in Cabinets
- Washer/Dryer in unit
- Deck/Balcony with incredible views

Community Amenities:
- EV Charging Stations
- Indoor Pool
- Fitness Center
- Woodshop
- Resident Lounge with Dining Area
- Outdoor Patio with BBQ
- Short-Term Guest Parking
- Secure Entry
- Laundry Facilities
- Elevator

Lease Details:
Listed price reflects the base rent for a 12-month lease. This unit is available with custom pricing for any duration over 30-days. A background check and proof of income are required. Renter's Insurance Policy to be obtained by tenant.

House Rules Overview:
The Shannon Association House Rules are available to review upon request. They help maintain a harmonious living environment for all residents.

Move-In and Move-Out Process:
The Shannon Association requires the elevator to be reserved and locked off for moving in and out. This service incurs fees:
- $250 non-refundable move in fee
- $250 non-refundable move out fee

Utility Fees:
A Monthly "Utility Fee" is set by the Shannon Association on an annual basis. This cost covers the following: water, sewer, garbage, recycling, electricity, high-speed internet, digital basic Comcast cable service. We are transparent with these costs.
- For 2024, the fee is $297.48
- The 2025 rate will be announced in January 2025, typically with a 2%-5% YOY increase.

Pet fees (when applicable):
- One dog or one cat is allowed on approval; limit (1) total with additional $500 pet deposit
- Pet must be house trained and in good health
- Monthly pet rental $50

Available add-ons:
- Private and secure storage unit ($50/month)
- Reserved and secure garage parking ($150/month)

What Past Tenants Say:
"While being stuck at home all day every day is a little rough (due to COVID), E11 has been a nice place to do it…I love it more than anywhere I've ever lived!" - Peter

"We've really loved this unit and having you as our landlords. Frankly, we're a little sad we can't just stay here forever. Thank you so much." - Corinne

"This is the most amazing place we have ever lived and we are relieved and thrilled to be able to extend our stay!" - Anna

"We will miss this apartment dearly, and it will always have a very special place in our hearts. It’s been a dream to live here, and watching the sunsets and the view never gets old. It has been such a pleasure to live here, and we thank you for affording us the opportunity to enjoy this space. Maybe one day we’ll be back!" - Dean

"It has been really lovely to stay in Elisha’s unit. Having a parking spot in a location like Capitol Hill has been a game-changer. Amenities like the downstairs gym, a pool, a sauna, access to a grill, (brand new) in-unit washer and dryer, and the beautiful view have made for the most wonderful place to live, and we will miss it here dearly.

Aside from the condo itself, you can’t ask for a better property owner than Elisha. She is incredibly responsive, which you often don’t experience with landlords or property managers, and takes a lot of care to ensure that any issues that arise are addressed as soon as possible. We would happily make E11 our home again in the future. Thank you, Elisha! :)" - Lauren

Contact us today to schedule a viewing and experience this rare opportunity for luxury living with unmatched views and personal service from real people who care about your living experience.

* Prices and availability subject to change without notice.
* Square footage definitions vary. Displayed square footage is approximate.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2013
Sold by
Makinen Christopher A
Bought by
Ross Jason and Herzog Elisha
Current Estimated Value
$594,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,100
Outstanding Balance
$240,159
Interest Rate
3.49%
Mortgage Type
New Conventional
Estimated Equity
$354,510

Purchase Details

Closed on
Jun 7, 2006
Sold by
Mcquiston Michael
Bought by
Makinen Christopher A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 1997
Sold by
Klein Rosemary E
Bought by
Mcquiston Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
7.3%

Purchase Details

Closed on
Jun 5, 1997
Sold by
Ghormley H Warren and Ghormley Gerry K
Bought by
Klein Rosemary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,960
Interest Rate
7.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Ross Jason $379,000 First American
Makinen Christopher A $375,000 Commonwealth L
Mcquiston Michael $185,000 Evergreen Title Company Inc
Klein Rosemary E -- Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Jason $341,100
Previous Owner Makinen Christopher A $300,000
Previous Owner Mcquiston Michael $175,750
Previous Owner Klein Rosemary E $135,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2024 10/29/24 Off Market $3,050 -- --
09/26/2024 09/26/24 For Rent $3,050 -- --

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 $5,481 $590,000 $93,000 $497,000
2023 $4,354 $579,000 $93,000 $486,000
2022 $4,887 $530,000 $82,800 $447,200
2021 $4,804 $548,000 $82,800 $465,200
2020 $5,720 $511,000 $97,400 $413,600
2018 $4,951 $575,000 $56,700 $518,300
2017 $4,084 $514,000 $56,700 $457,300
2016 $3,864 $438,000 $31,900 $406,100
2015 $3,276 $404,000 $31,900 $372,100
2014 -- $350,000 $31,900 $318,100
2013 -- $325,000 $31,900 $293,100
Source: Public Records

Map

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