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164 Prospect Street

164 Prospect Street, Seattle, WA 98109
Property in East Queen Anne
Sold Feb 18, 2021
$2,750,000
$2,257,000 by Better Mortgage Corporation
Mortgage Due Feb 01, 2052
Sold Mar 22, 2013
$958,000
$766,400 by Jpmorgan Chase Bank Na
Mortgage Due Apr 01, 2043
164 Prospect Street 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 1966 and is 58 years old. However, we must point out that the home was most recently renovated and altered in 2014. The home has a total of 5 bedrooms. Residents will have access to 5 full bathrooms. There are 8 partial bathrooms in the home. The building has a total of 2 stories. In addition, 164 Prospect Street has 3,180 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement with daylight that is 750 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 5,160 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 510 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. In terms of heating, it is utilizing a hot water heating system and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. 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, 164 Prospect Street sold most recently in Feb 18, 2021 for a total of $2,750,000. If you work out the math, that's approximately a cost of $745.26 per sqft. Before that, the property was also sold for $958,000 in Mar 12, 2013. 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 $25,536 in taxes each year. 164 Prospect Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,740,000. If we break it down further, the land itself was valued at $1,145,000. Improvements to the property, however, were assessed at a total of $1,595,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1966
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 8
  • Full Bathrooms: 5
  • Partial Bathrooms: 8
  • Building Condition: Average
  • Building Quality: A
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 750
  • Garage Type: Attached
  • Garage Square Area: 510
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,160
  • Total Building Area: 3,690
  • Gross Building Area: 3,690
  • Building Area: 3,180
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 3,180
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MERCERS ADD TO N SEATTLE
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MERCERS ADD TO N SEATTLE 1-2 LESS E 85 FT THOF

Ownership

  • Current Owner : PELLHAM BRIAN
  • Current Owner 2: BIERRUM CHRISTOPHER
  • Previous Owner : VARCHEFTA LEONIDA
  • Previous Owner 2: VARCHETTA ELISE
  • Owner Before Previous Owner: NAPA TOM M
  • Owner Before Previous Owner 2: NAPA LAURIE S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 007002

Zoning

  • Zoning: NR3

Geography

  • Account Number: 545730094103
  • District: SEATTLE
  • Parcel: 545730-0941
  • Block: 18
  • Lot: 1-2
  • Meridian: SEC 30 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6292
  • Longitude: -122.353

    Address

  • Full Address: 164 Prospect St
  • Address - House Number: 164
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: WA
  • City Name: Seattle
  • Carrier Code: C034
  • 4-Digit Zip Code: 3750
  • Zip Code: 98109

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $25,536
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 2,905,262
  • High Value: 3,373,303
  • Low Value: 2,437,222

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,257,000
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Feb 24, 2022
  • First Open Lien Mortgage Loan Amount: $2,257,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $2,740,000
  • Market Land Value: $1,145,000
  • Market Improvement Value: $1,595,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,740,000
  • Assessed Land Value: $1,145,000
  • Assessed Improvements Value: $1,595,000

    Sales

  • Current Sale Contract Date: Feb 18, 2021
  • Current Sale Recording Date: Feb 18, 2021
  • Current Sale Transaction ID: 11819177665
  • Current Sale Price: $2,750,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210218002015
  • Previous Sale Recording Date: Mar 22, 2013
  • Previous Sale Contract Date: Mar 12, 2013
  • Previous Sale Amount: $958,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ANGEL OAK MORTGAGE SOLUTIONS L
  • First Mortgage Transaction Date: Feb 18, 2021
  • First Mortgage Loan Amount: $2,200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Mar 22, 2013
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $766,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2043

About Magnolia - Queen Anne



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Frequently Asked Questions

What neighborhood is 164 Prospect Street located in?
The 164 Prospect Street is a located in the neighborhood of East Queen Anne in Magnolia - Queen Anne, Seattle.
What is the average sales price for listings in 164 Prospect Street?
The average sales price for units in 164 Prospect Street is $0 currently.

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