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1420 Belmont Avenue

1420 Belmont Avenue, Seattle, WA 98122
Property in First Hill
Sold Nov 16, 2016
$1,025,000
$645,000 by Peoples Bank
Mortgage
1420 Belmont Avenue has been categorized by the local assessors in Seattle, WA as a residential type of property. The building on the property was first built in 1900 and is 124 years old. However, we must point out that the home was most recently renovated and altered in 1993. The building has a total of 2 stories. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 376 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 5,012 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1420 Belmont Avenue sold most recently in Nov 15, 2016 for a total of $1,025,000. If you work out the math, that's approximately a cost of $552.56 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $11,543 in taxes each year. 1420 Belmont Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,180,000. If we break it down further, the land itself was valued at $1,000,000. Improvements to the property, however, were assessed at a total of $180,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 2
  • Living Units: 5
  • Business/Commerical Units Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 376
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,012
  • Total Building Area: 1,855
  • Gross Building Area: 2,433
  • Building Area: 1,854
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: UNION ADD SUPPLEMENTARY PLAT
  • Land Acres: 0.115
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: UNION ADD SUPPLEMENTARY PLAT PLAT BLOCK: 6 PLAT LOT: 11

Ownership

  • Current Owner : BELBOY APARTMENTS LLC
  • Previous Owner : RIVERSIDE HOLDINGS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 008402

Zoning

  • Zoning: MR (M)

Geography

  • Account Number: 880490028706
  • District: SEATTLE
  • Parcel: 880490-0287
  • Block: 6
  • Lot: 11
  • Meridian: SEC 32 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6136
  • Longitude: -122.324

    Address

  • Full Address: 1420 Belmont Ave
  • Address - House Number: 1420
  • Address - Street Name: Belmont
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C043
  • 4-Digit Zip Code: 3767
  • Zip Code: 98122

Valuation

    Tax

  • Total Area: 1,854
  • Tax Year: 2024
  • Tax Amount: $11,543
  • Tax Rate Code Area: 0013

    Appraisal Valuation

  • Standard Deviation: 0.3128
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 37
  • Final Value: 1,616,591
  • High Value: 2,122,337
  • Low Value: 1,110,844

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $645,000
  • First Open Lien Mortgage Lender: PEOPLES BANK
  • First Open Lien Mortgage Recording Date: Nov 16, 2016
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $645,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $1,180,000
  • Market Land Value: $1,000,000
  • Market Improvement Value: $180,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,180,000
  • Assessed Land Value: $1,000,000
  • Assessed Improvements Value: $180,000

    Sales

  • Current Sale Contract Date: Nov 15, 2016
  • Current Sale Recording Date: Nov 16, 2016
  • Current Sale Transaction ID: 1879522490
  • Current Sale Price: $1,025,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20161116000235

    Last Sale Mortgage

  • First Mortgage Lender: PEOPLES BANK
  • First Mortgage Transaction Date: Nov 16, 2016
  • First Mortgage Loan Amount: $645,000

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 1420 Belmont Avenue located in?
The 1420 Belmont Avenue is a located in the neighborhood of First Hill in Downtown Seattle, Seattle.
What is the average sales price for listings in 1420 Belmont Avenue?
The average sales price for units in 1420 Belmont Avenue is $0 currently.

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