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1218 3rd Avenue

1218 3rd Avenue, Seattle, WA 98101
1218 3rd Avenue in Seattle, WA was first built in 1929 and is 95 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a exempt property type. For those interested in architecture, the building on the property was built in a custom style. There are a total of 27 floors. In total, the area measurement of the land is 13,320 square feet.

Learn more about the property and building on this page. The building type has been coded as 2. The code stands for buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 13,320 sqft. There are a total of 42 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Oct 14, 2015 for $49,500,000. That's $228.56 per sqft. Prior to that sales transaction, the property was also sold in Aug 24, 2011 for $30,450,000. 1218 3rd Avenue was last assessed in 2023. The total value of the property was assessed at $58,669,000. Specifically, the land the property is located on was valued at $21,312,000. While improvements on the property were assessed at a total of $37,357,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $533,799. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: B
  • Construction Type: Concrete
  • Building Style: Custom
  • Floor Count: 27
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 13,320
  • Parking Space Count: 42

    Dimensions

  • Lot Size Square Feet: 13,320
  • Total Building Area: 216,571
  • Gross Building Area: 216,571
  • Building Area: 216,571
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Exempt
  • Subdivision: DENNYS A A 2ND ADD REPL OF BLK 4
  • Land Acres: 0.306
  • Standard Land Use Code: Cultural, historical
  • Legal Description 1: DENNYS A A 2ND ADD REPL OF BLK 4 LESS W 9 FT

Ownership

  • Current Owner : DP BUNKER HILL LLC
  • Previous Owner : TR SEATTLE TOWER CORP
  • Owner Before Previous Owner: SEATTLE TOWER PARTNERS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 008102

Zoning

  • Zoning: DOC1 U/450

Geography

  • Account Number: 197520000500
  • District: SEATTLE
  • Parcel: 197520-0005
  • Block: 4
  • Lot: 1-2
  • Meridian: SEC 31 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6077
  • Longitude: -122.335

    Address

  • Full Address: 1218 3rd Ave
  • Address - House Number: 1218
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C053
  • 4-Digit Zip Code: 3097
  • Zip Code: 98101

Valuation

    Tax

  • Total Area: 169,883
  • Tax Year: 2024
  • Tax Amount: $533,799
  • Tax Rate Code Area: 0011

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $14,220,000
  • First Open Lien Mortgage Lender: UNITED OVERSEAS BANK LIMITED
  • First Open Lien Mortgage Recording Date: Oct 14, 2015
  • First Open Lien Mortgage Loan Amount: $14,220,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $58,669,000
  • Market Land Value: $21,312,000
  • Market Improvement Value: $37,357,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,669,000
  • Assessed Land Value: $21,312,000
  • Assessed Improvements Value: $37,357,000

    Sales

  • Current Sale Contract Date: Oct 14, 2015
  • Current Sale Recording Date: Oct 14, 2015
  • Current Sale Transaction ID: 1322942970
  • Current Sale Price: $49,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20151014000471
  • Previous Sale Recording Date: Aug 29, 2011
  • Previous Sale Contract Date: Aug 24, 2011
  • Previous Sale Amount: $30,450,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED OVERSEAS BANK LIMITED
  • First Mortgage Transaction Date: Oct 14, 2015
  • First Mortgage Loan Amount: $14,220,000

About Downtown Seattle



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1218 3rd Avenue located in?
The 1218 3rd Avenue is a located in the neighborhood of Central Business District in Downtown Seattle, Seattle.
What is the average sales price for listings in 1218 3rd Avenue?
The average sales price for units in 1218 3rd Avenue is $0 currently.

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