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1331 Stewart Street

1331 Stewart Street, Seattle, WA 98109
Property in South-Lake Union
Local assessors in Seattle, WA have categorized 1331 Stewart Street as a commercial type of property. The home was built in 1924 and is 100 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 9,324 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 1331 Stewart Street is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The home's a space/suspended heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1331 Stewart Street was last sold in Jul 12, 2021 for $13,000,000. According to our calculations, that's $1,441.24 per sqft. Prior to that sales transaction, the property was sold for $13,000,000 in Jul 12, 2021. Current property owners are expected to pay $94,743 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 1331 Stewart Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $10,257,400. To break that down further, the land itself was valued at $10,256,400. While improvements to the property were assessed at a total of $1,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can 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: 1924
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Custom
  • Floor Count: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,324
  • Total Building Area: 9,020
  • Gross Building Area: 9,020
  • Building Area: 9,020
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Space/suspended
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: PONTIUS 4TH ADD
  • Land Acres: 0.214
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: PONTIUS 4TH ADD LESS STS

Ownership

  • Current Owner : DENNY & STEWART LIMITED PARTNERSHIP
  • Previous Owner : PARKER JAMES N
  • Previous Owner 2: HARTMANN LAURA R
  • Owner Before Previous Owner: BARBARA J PARKER MARITAL TRUST
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 007301

Zoning

  • Zoning: SM-SLU 240

Geography

  • Account Number: 684970034006
  • District: SEATTLE
  • Parcel: 684970-0340
  • Block: 24
  • Lot: 13-14
  • Meridian: SEC 29 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.619
  • Longitude: -122.33

    Address

  • Full Address: 1331 Stewart St
  • Address - House Number: 1331
  • Address - Street Name: Stewart
  • Address - Suffix Type: St
  • State: WA
  • City Name: Seattle
  • Carrier Code: C016
  • 4-Digit Zip Code: 5425
  • Zip Code: 98109

Valuation

    Tax

  • Total Area: 9,020
  • Tax Year: 2024
  • Tax Amount: $94,743
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 0011

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $12,500,000
  • First Open Lien Mortgage Lender: TIG ROMSPEN US MASTER MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 16, 2021
  • First Open Lien Mortgage Loan Amount: $12,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $10,257,400
  • Market Land Value: $10,256,400
  • Market Improvement Value: $1,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,257,400
  • Assessed Land Value: $10,256,400
  • Assessed Improvements Value: $1,000

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 16, 2021
  • Current Sale Transaction ID: 11843533562
  • Current Sale Price: $13,000,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20210716001993
  • Previous Sale Recording Date: Jul 16, 2021
  • Previous Sale Contract Date: Jul 12, 2021
  • Previous Sale Amount: $13,000,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: TIG ROMSPEN US MASTER MORTGAGE
  • First Mortgage Transaction Date: Jul 16, 2021
  • First Mortgage Loan Amount: $12,500,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: TIG ROMSPEN US MASTER MORTGAGE
  • Previous Mortgage Transaction Date: Jul 16, 2021
  • Previous Mortgage Loan Amount: $4,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Lake Union



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Frequently Asked Questions

What neighborhood is 1331 Stewart Street located in?
The 1331 Stewart Street is a located in the neighborhood of South-Lake Union in Lake Union, Seattle.
What is the average sales price for listings in 1331 Stewart Street?
The average sales price for units in 1331 Stewart Street is $0 currently.

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