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2501 2nd Avenue West

2501 2nd Avenue West, Seattle, WA 98119
Property in North Queen Anne
Sold Aug 27, 2021
$1,480,000
Buyer
$440,000 by Jpmorgan Chase Bank Na
Mortgage Due Sep 01, 2041
Sold Nov 27, 2002
$580,000
$462,000 by M & T Mtg Corp
Mortgage Due Dec 01, 2032
2501 2nd Avenue West 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 1925 and is 99 years old. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2501 2nd Avenue West has 1,870 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,040 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 200 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as unknown. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. In terms of heating, it is utilizing a forced air unit 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, 2501 2nd Avenue West sold most recently in Aug 18, 2021 for a total of $1,480,000. If you work out the math, that's approximately a cost of $513.89 per sqft. Before that, the property was also sold for $580,000 in Nov 22, 2002. 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 $13,806 in taxes each year. 2501 2nd Avenue West was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,465,000. If we break it down further, the land itself was valued at $765,000. Improvements to the property, however, were assessed at a total of $700,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Quality: B
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 810
  • Garage Type: Attached
  • Garage Square Area: 200
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,040
  • Total Building Area: 2,880
  • Gross Building Area: 2,880
  • Building Area: 1,870
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,870
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FRONT STREET CABLE ADD
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FRONT STREET CABLE ADD E 80 FT OF 20 & E 80 FT OF S 8 FT OF 19

Ownership

  • Current Owner : FAN FEI
  • Previous Owner : MACDONALD LAURA K
  • Owner Before Previous Owner: WEISS STEELE MELLISSA A

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 006000

Zoning

  • Zoning: NR3

Geography

  • Account Number: 265250026001
  • District: SEATTLE
  • Parcel: 265250-0260
  • Block: 2
  • Lot: 19-20
  • Meridian: SEC 24 TWN 25 RNG 03
  • Municipality: SEATTLE
  • Latitude: 47.6416
  • Longitude: -122.36

    Address

  • Full Address: 2501 2nd Ave W
  • Address - House Number: 2501
  • Street Segment Direction: W
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C051
  • 4-Digit Zip Code: 2303
  • Zip Code: 98119

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $13,806
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1614
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 1,552,574
  • High Value: 1,803,184
  • Low Value: 1,301,964

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $440,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Aug 27, 2021
  • First Open Lien Mortgage Loan Amount: $440,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2041

    Market Valuation

  • Market Total Value: $1,465,000
  • Market Land Value: $765,000
  • Market Improvement Value: $700,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,465,000
  • Assessed Land Value: $765,000
  • Assessed Improvements Value: $700,000

    Sales

  • Current Sale Contract Date: Aug 18, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Transaction ID: 11853162369
  • Current Sale Price: $1,480,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210827001140
  • Previous Sale Recording Date: Nov 27, 2002
  • Previous Sale Contract Date: Nov 22, 2002
  • Previous Sale Amount: $580,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Aug 27, 2021
  • First Mortgage Loan Amount: $440,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: M & T MTG CORP
  • Previous Mortgage Transaction Date: Nov 27, 2002
  • Previous Mortgage Loan Amount: $462,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Dec 01, 2032

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Frequently Asked Questions

What neighborhood is 2501 2nd Avenue West located in?
The 2501 2nd Avenue West is a located in the neighborhood of North Queen Anne in Magnolia - Queen Anne, Seattle.
What is the average sales price for listings in 2501 2nd Avenue West?
The average sales price for units in 2501 2nd Avenue West is $0 currently.

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