NOT LISTED FOR SALE

Estimated Value: $623,000 - $767,000

1 Bed
1.5 Baths
834 Sq Ft
$744/mo HOA Fee

Last Sold April 21, 2023

Last sale price $650,000 $779 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,171/month

128 Days on Market

Highlights

  • Fitness Center
  • 4-minute walk to Westlake Sta Acrd & Tunnel Station-Bay A
  • Gated Community
  • Garfield High School Rated A
  • Rooftop Deck
  • City View

About This Home

As of April 2023

Downtown living at its finest! Enjoy your view of the city and the Cascades. 11'4" ceilings enhance the open living area leading to the private deck. The kitchen features a gas cooktop, granite counters and stainless appliances. Primary suite features views, walk in California closet and full bath. Olive 8 amenities include 24 hour concierge, secure parking, residents' lounge, rooftop terrace with BBQs and dog run. Residents can also access Hyatt at Olive 8 amenities including room service, salt water lap pool and fitness center. All this in the heart of the city between Pike Place Market and Capital Hill with easy access to light rail. No rental cap.

Last Agent to Sell the Property

John West

Windermere RE West Sound Inc. License #99943 Listed on: 11/11/2022

Windermere RE West Sound Inc.

Last Buyer's Agent

Sherry Tang

Skyline Properties, Inc. License #113413

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2012677

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,053

Year Built

  • Built in 2009

Lot Details

  • East Facing Home
  • Sprinkler System

HOA Fees

  • $744 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking

Property Views

  • Mountain

Home Design

  • Modern Architecture
  • Flat Roof Shape

Interior Spaces

  • 834 Sq Ft Home
  • Electric Fireplace

Kitchen

  • Gas Oven or Range
  • Stove
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet

Laundry

  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • LEED For Homes
  • Property is near public transit

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 6364002230

Community Details

Overview

  • Association fees include central hot water, common area maintenance, concierge, earthquake insurance, garbage, gas, sewer, water
  • 229 Units
  • Claire Schmidt Association
  • Secondary HOA Phone (206) 730-3494
  • Olive 8 Condos
  • Downtown Subdivision
  • Park Phone (206) 706-8000 | Manager The CWD Group, Inc.
  • 39-Story Property

Amenities

  • Sauna
  • Game Room
  • Recreation Room
  • Elevator
  • Lobby

Recreation

  • Community Spa

Pet Policy

  • Dogs and Cats Allowed

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,053

Year Built

Built in 2009

Lot Details

0

HOA Fees

$744 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 2009
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Modern
  • Building Name: Olive 8
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 834
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: false
  • UnitFeatures: Balcony/Deck/Patio,Primary Bath,Sprinkler System,Walk-in Closet
  • Special Features: None
  • Cumulative Days on Market: 886

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Main
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Central A/C, Forced Air, Heat Pump, Hardwood, Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Gas, Dryer-Electric, Ice Maker, Washer, Water Heater
  • Main Level Bedrooms: 1
  • Stories: 39
  • Bathrooms: 1.5
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 38
  • StorageNo: 124
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • StorageLocation: Garage
  • WindowCoverings: Shades

Exterior Features

  • Roof: Flat
  • View: City, Mountain(s)
  • View: Yes
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: Cement/Concrete
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ConstructionMethods: Steel & Concrete
  • ViewFrom: Rooftop Deck,Unit

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common Garage
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: 180

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Gas,Dryer-Electric,Ice Maker,Washer
  • WaterHeaterLocation: Roof
  • WaterHeaterType: Central

Condo/Co-op/Association

  • Community Features: Cable TV, Elevator, Exercise Room, Fire Sprinklers, Game/Rec Rm, High Speed Int Avail, Hot Tub, Lobby Entrance, Indoor Pool, Rooftop Deck, Sauna, Gated
  • Park Manager Name: The CWD Group, Inc.
  • Park Manager Phone: 206-706-8000
  • Senior Community: No
  • Association Fee: 744
  • Association Fee Frequency: Monthly
  • Phone: 206-730-3494
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subj to Restrictions
  • AssociationContactName: Claire Schmidt
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,Elevator,Exercise Room,Fire Sprinklers,Game/Rec Rm,High Speed Int Avail,Hot Tub,Lobby Entrance,Pool-Indoor,Rooftop Deck,Sauna,Security Gate

Fee Information

  • Association Fee Includes: Central Hot Water, Common Area Maintenance, Concierge, Earthquake Insurance, Garbage, Gas, Sewer, Water

Schools

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

Lot Info

  • Parcel Number: 6364002230
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: County

Green Features

  • Green Building Verification Type: LEED™
  • Power Production Type: Electric, Natural Gas
  • GreenVerificationLEEDRating: Silver

Rental Info

  • Furnished: Unfurnished
  • RentalCap: No Rental Cap
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6053

Multi Family

  • Number Of Units In Community: 229
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 229
  • EnvironmentalCertification: LEED™

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2012
Closed on
Jan 4, 2013
Sold by
Olive 8 Llc
Bought by
Lazar Richard John
Seller's Agent
Julie McAvoy
Red Propeller, Inc.
Buyer's Agent
Julie McAvoy
Red Propeller, Inc.
List Price
$605,000
Sold Price
$605,000
Total Days on Market
128
Current Estimated Value
$699,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,386
Avg. Annual Appreciation
1.17%
Original Mortgage
$505,000
Interest Rate
3.27%
Source: Public Records

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Range of Values:

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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
Lazar Richard John $605,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Yuan $350,000
Closed Lazar Richard John $505,000
Previous Owner Olive 8 Llc $24,437,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $650,000 -10.3% $779 / Sq Ft
03/19/2023 03/19/23 Pending -- -- --
03/06/2023 03/06/23 Price Changed $725,000 -2.0% $869 / Sq Ft
02/24/2023 02/24/23 For Sale $740,000 0.0% $887 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
11/11/2022 11/11/22 For Sale $740,000 +22.3% $887 / Sq Ft
01/07/2013 01/07/13 Sold $605,000 0.0% $725 / Sq Ft
11/20/2012 11/20/12 Pending -- -- --
11/20/2012 11/20/12 For Sale $605,000 -- $725 / 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 $6,244 $674,000 $163,700 $510,300
2023 $6,059 $780,000 $163,700 $616,300
2022 $6,053 $741,000 $153,100 $587,900
2021 $6,407 $681,000 $153,100 $527,900
2020 $7,651 $684,000 $153,100 $530,900
2018 $6,838 $770,000 $116,400 $653,600
2017 $6,150 $712,000 $105,900 $606,100
2016 $5,680 $662,000 $90,100 $571,900
2015 $5,720 $596,000 $80,000 $516,000
2014 -- $614,000 $74,500 $539,500
2013 -- $467,000 $66,900 $400,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2012677

Northwest Multiple Listing Service (NWMLS)

APN: 636400-2230