Listed by Keller Williams Rlty Bellevue, Bought with AgencyOne
NOT LISTED FOR SALE

7531 S Taft St Seattle, WA 98178

Rainier Beach Neighborhood

Estimated Value: $783,000 - $1,045,000

0.36 Acre
$2,516,313 Price per Acre
15,786 Sq Ft Lot

Last Sold March 31, 2022

Last sale price $980,000 $573 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $5,375/month

Highlights

  • Views of a Sound
  • No HOA
  • Level Lot
  • 0.36 Acre Lot
  • Open Space

About This Lot

As of March 2022

Breathtaking Lake Washington views! Price includes TWO large parcels! Zoning may allow 3 residentials. Build your dream home w/ HUGE yard, sell lot 2, or subdivide into 3 lots. Rare chance to build a CUSTOM VIEW home in a great neighborhood, w/ opportunity to make money at the same time! Home has good bone w/ permitted ADU. Lower-level studio great for rental. Prelim plans submitted to City. Cleared lots & permit for removal of remaining trees submitted, if you want to remove more. Arborist report attached. Close to parks, hiking trails, shops! One block to public waterfront access. Rendering images for visualization only. Buyer to verify all info. Seller decided not to continue renovation due to personal issues. Hard money loan available.

Last Agent to Sell the Property

Irene Mendoza

Keller Williams Rlty Bellevue License #23026473 Listed on: 03/07/2022

Keller Williams Rlty Bellevue

Last Buyer's Agent

Peter Kuang

AgencyOne License #6921

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1897687

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,335

Lot Details

  • 0.36 Acre Lot
  • Open Space
  • Level Lot
  • Zoning described as SF 5000

Property Views

  • Views of a Sound
  • Lake Views

Community Details

  • No Home Owners Association
  • Lakeridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8069000240

Property Details

Property Type

Land

Est. Annual Taxes

$5,335

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Improvements: Fenced-Partially,Outbuilding(s)
  • LevelComment: Mostly level - slope is very gradual
  • Special Features: None

Interior Features

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

Exterior Features

  • View: Lake, Sound
  • Lot Features: Open Space
  • Road Surface Type: See Remarks
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: See Remarks
  • RoadOnWhichSide: front

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: On Property
  • Water Source: Available
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected
  • ElectricityStatus: On Property
  • GasStatus: On Property

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8069000240
  • Topography: Level,SeeRemarks,Sloped
  • Lot Size Acres: 0.3624
  • Lot Size Sq Ft: 15786
  • Zoning Description: SF 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • PublicLandSurvey: 1 -23-4
  • SlopeComment: very slicht gradual slope to Taft St.

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • AdditionalTaxIds: 8069000235

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2022
Closed on
Mar 22, 2022
Sold by
Lmo P2 Llc
Bought by
Yee Kin Pong and Li Sin Qiu
Seller's Agent
Irene Mendoza
Keller Williams Rlty Bellevue
Buyer's Agent
Peter Kuang
AgencyOne
List Price
$998,000
Sold Price
$980,000
Premium/Discount to List
-$18,000
-1.8%
Current Estimated Value
$911,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,088
Avg. Annual Appreciation
-1.19%

Purchase Details

Listed on
Aug 21, 2021
Closed on
Oct 12, 2021
Sold by
Lmo P1 Llc
Bought by
Lmo P2 Llc
Seller's Agent
Natalya Ratko
John L. Scott, Inc
Buyer's Agent
Irene Mendoza
Keller Williams Rlty Bellevue
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.44%
Original Mortgage
$617,610
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 21, 2021
Closed on
Sep 8, 2021
Sold by
Micabay Investments Llc
Bought by
Lmo P1 Llc
Seller's Agent
Natalya Ratko
John L. Scott, Inc
Buyer's Agent
Irene Mendoza
Keller Williams Rlty Bellevue
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,610
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 3, 2020
Closed on
Dec 21, 2020
Sold by
Mortenson Charles Harold
Bought by
Micabay Investments Llc
Seller's Agent
Shawn Quinton
Mountain View Realty Group
Buyer's Agent
Shawn Quinton
Mountain View Realty Group
List Price
$500,000
Sold Price
$510,000
Premium/Discount to List
$10,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
77.40%
Original Mortgage
$475,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 1992
Sold by
Mortenson Nels G
Bought by
Mortenson Charles H and Mortenson Shirley
Source: Public Records

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
Yee Kin Pong $980,000 First American Title
Lmo P2 Llc -- None Available
Lmo P1 Llc $775,000 Ticor Title
Micabay Investments Llc $510,000 Ticor Title
Mortenson Charles H $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lmo P1 Llc $617,610
Previous Owner Micabay Investments Llc $475,000
Previous Owner Mortenson Charles H $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $980,000 -1.8% $573 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $998,000 +28.8% $584 / Sq Ft
09/14/2021 09/14/21 Sold $775,000 +47.6% $359 / Sq Ft
09/14/2021 09/14/21 Sold $525,000 -6.3% $243 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/30/2021 08/30/21 Pending -- -- --
08/23/2021 08/23/21 Price Changed $560,000 -29.9% $259 / Sq Ft
08/21/2021 08/21/21 For Sale $799,000 +31.0% $370 / Sq Ft
07/22/2021 07/22/21 For Sale $610,000 +19.6% $282 / Sq Ft
12/23/2020 12/23/20 Sold $510,000 +2.0% $236 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
12/03/2020 12/03/20 For Sale $500,000 -- $231 / 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 $5,335 $517,000 $517,000 --
2023 $5,321 $509,000 $340,000 $169,000
2022 $4,798 $549,000 $358,000 $191,000
2021 $4,608 $451,000 $295,000 $156,000
2020 $4,501 $408,000 $310,000 $98,000
2018 $4,362 $480,000 $370,000 $110,000
2017 $3,769 $390,000 $299,000 $91,000
2016 $3,368 $346,000 $264,000 $82,000
2015 $2,867 $301,000 $234,000 $67,000
2014 -- $259,000 $202,000 $57,000
2013 -- $206,000 $176,000 $30,000
Source: Public Records

Agents Affiliated with this Home

  • Irene Mendoza

    Seller's Agent in 2022

    Irene Mendoza

    Keller Williams Realty Bellevue

    (206) 790-3312

    4 in this area

    149 Total Sales

    Irene Mendoza
    Section Image

  • P

    Buyer's Agent in 2022

    Peter Kuang

    AgencyOne Realty

    Section Image
  • Natalya Ratko

    Seller's Agent in 2021

    Natalya Ratko

    John L Scott

    (206) 434-6738

    3 in this area

    58 Total Sales

    Natalya Ratko
    Section Image

  • S

    Seller's Agent in 2020

    Shawn Quinton

    Mountain View Realty Group

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1897687

Northwest Multiple Listing Service (NWMLS)

APN: 806900-0240

Washington King County Seattle 98178 Rainier Beach

7531 S Taft St, Seattle, WA

This home is located at 7531 S Taft St, Seattle, WA 98178 since 07 March 2022 and is currently estimated at $911,912, approximately $533 per square foot. 7531 S Taft St is a home located in King County with nearby schools including Emerson Elementary School, Aki Kurose Middle School, and Rainier Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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