NOT LISTED FOR SALE

7971 Martin Luther King jr Way S Seattle, WA 98118

South Beacon Hill Neighborhood

Estimated Value: $388,000 - $2,769,000

0.72 Acre
$2,010,612 Price per Acre
31,472 Sq Ft Lot

Last Sold November 15, 2023

Last sale price $1,250,000

Est. 16% increase in value since last sale

Current estimated payment $8,072/month

73 Days on Market

About This Lot

As of November 2023

5 lot short plat approved and ready for a Builder / Developer. 31,472 sq ft lot. See attached rendering of lot configurations. One of the last multi-lot opportunities in the area. LR2 /multi family just N & S gives opportunity for variance /rezoning potential. Less than 1 block is Sound Transit Light Rail link & Bus. Great Access to Freeway, Schools, Downtown, Shopping. Great Growth area. New construction selling for $900's. RARE opportunity on MLK Jr. Way S!

Last Agent to Sell the Property

Brendan Hupf

James & Associates R.E. Inc. License #106879 Listed on: 04/09/2021

Last Buyer's Agent

Brendan Hupf

James & Associates R.E. Inc. License #106879 Listed on: 04/09/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1755863

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,768

Lot Details

  • 0.72

Additional Features

  • 0.72 Acre Lot
  • Sewer in Street

Community Details

  • Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4006000380

Property Details

Property Type

Land

Est. Annual Taxes

$5,768

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
  • Special Features: None

Interior Features

  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved

Garage/Parking

  • Carport Y N: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 4006000380
  • Lot Size Acres: 0.7225
  • Lot Size Sq Ft: 31472
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King county
  • ZoningJurisdiction: City

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5768

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2018
Sold by
Clear Recon Corp
Bought by
Eastside Funding Llc and Gs & Ba Llc
Current Estimated Value
$1,452,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,573
Outstanding Balance
$417,914
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$827,334

Purchase Details

Closed on
Jan 5, 2018
Sold by
Eastside Funding Llc
Bought by
Gs & Ba Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,573
Outstanding Balance
$417,914
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$827,334

Purchase Details

Closed on
Aug 10, 1988
Sold by
Pennebaker Arthur A
Bought by
Williams Burnett
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Eastside Funding Llc $528,505 None Available
Gs & Ba Llc -- None Available
Williams Burnett $84,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gs & Ba Llc $489,573
Previous Owner Williams Burnett $325,000
Previous Owner Williams Burnett $100,000
Previous Owner Williams Burnett $255,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $1,250,000 0.0% --
06/21/2021 06/21/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $1,250,000 -- --
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 $3,994 $322,000 $322,000 --
2023 $5,082 $460,000 $317,000 $143,000
2022 $2,505 $501,000 $301,000 $200,000
2021 $6,124 $191,300 $96,300 $95,000
2020 $6,639 $406,000 $323,000 $83,000
2018 $5,769 $453,000 $290,000 $163,000
2017 $4,879 $407,000 $255,000 $152,000
2016 $4,471 $344,000 $214,000 $130,000
2015 $4,588 $309,000 $190,000 $119,000
2014 -- $278,000 $166,000 $112,000
2013 -- $247,000 $158,000 $89,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1755863

Northwest Multiple Listing Service (NWMLS)

APN: 400600-0380