Check Availability

2505 South 123rd Street

2505 South 123rd Street, Seattle, WA 98168
Sold Jan 23, 2019
$195,000
$160,000 by Alliance Property Investments
Mortgage
Sold May 22, 2018
$222,838
2505 South 123rd Street in Seattle, WA was first built in 1924 and is 100 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2505 South 123rd Street has 1,030 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 11,867 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 2505 South 123rd Street sold most recently in Jan 17, 2019 for a total of $195,000. If you work out the math, that's approximately a cost of $189.32 per sqft. Before that, the property was also sold for $222,838 in Apr 23, 2018. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,144 in taxes each year. The initial year of tax delinquency occurred in 2023. 2505 South 123rd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $352,000. If we break it down further, the land itself was valued at $158,000. Improvements to the property, however, were assessed at a total of $194,000. 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: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,867
  • Total Building Area: 1,030
  • Gross Building Area: 1,030
  • Building Area: 1,030
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,030
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ARDATH PARK
  • Land Acres: 0.272
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ARDATH PARK UNREC VAL OF UNDEEDED STS & ALLEYS INCL IN ADJ LOT VAL S 97.27 FT LESS W 350 FT LESS E 200 FT MEAS ALG N LN THOF & AT R/A THERETO

Ownership

  • Current Owner : RIVAS GARAY ALFREDO
  • Previous Owner : US BANK NA
  • Owner Before Previous Owner: BURKE GARY MICHAEL

Neighborhood

  • School District Name: Highline School District
  • Census Tract: 027100

Zoning

  • Zoning: RS-7200

Geography

  • Account Number: 025700025007
  • District: BURIEN
  • Subdivision Tract Number: 27
  • Parcel: 025700-0250
  • Lot: 27
  • Meridian: SEC 09 TWN 23 RNG 04
  • Municipality: BURIEN
  • Latitude: 47.4929
  • Longitude: -122.3

    Address

  • Full Address: 2505 S 123rd St
  • Address - House Number: 2505
  • Street Direction: S
  • Address - Street Name: 123rd
  • Address - Suffix Type: St
  • State: WA
  • City Name: Seattle
  • Carrier Code: C042
  • 4-Digit Zip Code: 2484
  • Zip Code: 98168

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $4,144
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 0961

    Appraisal Valuation

  • Standard Deviation: 0.1656
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 435,777
  • High Value: 507,979
  • Low Value: 363,575

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,000
  • First Open Lien Mortgage Lender: ALLIANCE PROPERTY INVESTMENTS
  • First Open Lien Mortgage Recording Date: Feb 09, 2021
  • First Open Lien Mortgage Loan Amount: $160,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $352,000
  • Market Land Value: $158,000
  • Market Improvement Value: $194,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $352,000
  • Assessed Land Value: $158,000
  • Assessed Improvements Value: $194,000

    Sales

  • Current Sale Contract Date: Jan 17, 2019
  • Current Sale Recording Date: Jan 23, 2019
  • Current Sale Transaction ID: 11562202348
  • Current Sale Price: $195,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20190123000683
  • Previous Sale Recording Date: May 22, 2018
  • Previous Sale Contract Date: Apr 23, 2018
  • Previous Sale Amount: $222,838
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: EASTSIDE FUNDING LLC
  • First Mortgage Transaction Date: Jan 23, 2019
  • First Mortgage Loan Amount: $182,520
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Highline



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1201 S Cloverdale St, Seattle, WA, 98108

$1,450 /mo

  • 1 Bed
  • 1 Bath
1201 S Cloverdale St #1201 S Cloverdale St - 13, Seattle, WA, 98108 Listing by Manager
Unit for rent at 530 S. Cloverdale St., Seattle, WA, 98108

$1,375 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
530 S. Cloverdale St. #530 S Cloverdale St #4, Seattle, WA, 98108 Listing by Riverside Apartments

Frequently Asked Questions

What neighborhood is 2505 South 123rd Street located in?
The 2505 South 123rd Street is a located in the neighborhood of Riverton-Boulevard Park in Highline, Seattle.
What is the average sales price for listings in 2505 South 123rd Street?
The average sales price for units in 2505 South 123rd Street is $0 currently.

Quantcast