by RH Advisors

Check Availability
Listed by: Trong Dang, TD Home Team Inc, 206-203-0060, Listing Courtesy of NWMLS
$875,000
House - In Contract

2551 5th Avenue W

Seattle, WA 98119
bedrooms
4 Beds
bathrooms
2 Baths
$4,914
Estimated Monthly
4.98%
Cap Rate

About This Property

Home in the heart of Queen Anne on offer! Originally a 2BD/1BA, home is gutted and framed out upstairs for 2 bedrooms + flex room/bedroom with a closet. There is a nearly full-footprint, 6'6" height basement framed out as a 1bed/1bath ADU/MIL/2nd level w/egress windows. Exterior stairs currently connect up and down, could be framed in. New roof, new windows, new French doors on main, new exterior paint, some electrical. Chimney/fireplace not structural - can be pulled down for more square footage. Basement plumbing has been run, with rough-in for a downstairs bathroom, kitchen, and laundry. Basement concrete floor poured and leveled. Ready for your ideas! ~$325k quote  for finishing reno in-hand. Off-street parking space on pad.
Unit Size
-
Days on Market
-
Land Size
0.08 acres
Price per sqft
-
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1915

Listed By

Last updated: 2 months ago (NWMLS #NWM2224851)

Price History

Date / Event Date Event Price
May 7, 2024 In contract -
In contract
May 3, 2024 Price Decreased $875,000
↓ $20K (2.2%)
Price Decreased
Apr 17, 2024 Listed by TD Home Team Inc $895,000
Listed by TD Home Team Inc
Jul 29, 2022 Sold $750,000
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Off Street
Interior Details

Bathroom Information

Full Bathrooms: 2
Bathtubs: 2
Showers: 2

Interior Information

Interior Features: Fireplace

Room 1

Level: Main
Type: Primary Bedroom

Room 2

Level: Main
Type: Bedroom

Room 3

Level: Main
Type: Bedroom

Room 4

Level: Lower
Type: Bedroom

Room 5

Level: Main
Type: Bathroom Full

Room 6

Level: Main
Type: Bathroom Full

Room 7

Level: Main
Type: Living Room

Room 8

Level: Main
Type: Kitchen Without Eating Space

Room 9

Level: Lower
Type: Family Room

Room 10

Level: Lower
Type: Kitchen With Eating Space

Fireplace Information

Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1

Basement Information

Basement: Daylight, Partially Finished, Roughed In

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 800
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,280
  • Total Building Area: 1,890
  • Gross Building Area: 1,890
  • Building Area: 1,090
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,090
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.075
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEG 775.5 FT W & 440 FT S OF NE COR OF SW 1/4 OF NE 1/4 TH N 40 FT TH E 81.74 FT TO W LN QUEEN ANNE BLVD TH S ALG SD W LN TO PT E OF BEG TH W 81.74 FT TO BEG

Ownership

  • Current Owner : 2551 QUEEN ANNE LLC
  • Previous Owner : MOLLY DRAKE
  • Owner Before Previous Owner: WOODS JR M R
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 005902

Zoning

  • Zoning: NR3

Geography

  • Account Number: 242503907006
  • District: SEATTLE
  • Parcel: 242503-9070
  • Block: 70
  • Lot: 2551
  • Meridian: SEC 24 TWN 25 RNG 03
  • Municipality: SEATTLE
  • Latitude: 47.6421
  • Longitude: -122.364

    Address

  • Full Address: 2551 5th Ave W
  • Address - House Number: 2551
  • Street Segment Direction: W
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C061
  • 4-Digit Zip Code: 2270
  • Zip Code: 98119

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,632
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1572
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 854,297
  • High Value: 988,635
  • Low Value: 719,959

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $800,000
  • First Open Lien Mortgage Lender: BFSPV I LLC
  • First Open Lien Mortgage Recording Date: Jul 29, 2022
  • First Open Lien Mortgage Loan Amount: $800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $783,000
  • Market Land Value: $688,000
  • Market Improvement Value: $95,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $783,000
  • Assessed Land Value: $688,000
  • Assessed Improvements Value: $95,000

    Sales

  • Current Sale Contract Date: Jul 22, 2022
  • Current Sale Recording Date: Jul 29, 2022
  • Current Sale Transaction ID: 11893235359
  • Current Sale Price: $750,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1190
  • Previous Sale Recording Date: Sep 21, 1989
  • Previous Sale Contract Date: Sep 21, 1989
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: BFSPV I LLC
  • First Mortgage Transaction Date: Jul 29, 2022
  • First Mortgage Loan Amount: $800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
-
$823,000 Jul 6, 2016
$823,000 Sep 16, 2016
$610/mo
House
4 Beds
3 Baths
-
$992,500 Jan 25, 2007
$992,500 Mar 1, 2007
$533/mo
House
4 Beds
2 Baths
-
$975,000 Oct 23, 2017
$975,000 Dec 7, 2017
$706/mo
House
4 Beds
2 Baths
-
$825,000 May 31, 2017
$825,000 Aug 18, 2017
$612/mo
House
3 Beds
2 Baths
-
$1,050,000 Aug 10, 2017
$1,050,000 Sep 18, 2017
$580/mo
House
3 Beds
2 Baths
-
$825,000 Jan 17, 2024
$825,000 Feb 22, 2024
$619/mo
House
4 Beds
1 Bath
-
$998,000 Apr 4, 2024
-
$914/mo
House
3 Beds
2 Baths
-
$824,000 Oct 17, 2023
-
$689/mo
House
3 Beds
4 Baths
-
$799,950 Apr 10, 2024
-
$598/mo
House
3 Beds
2 Baths
-
$1,049,000 Apr 25, 2024
-
$847/mo
House
3 Beds
4 Baths
-
$995,000 Apr 16, 2024
-
$662/mo
House
2 Beds
1 Bath
-
$925,000 Apr 9, 2024
-
$722/mo

About Magnolia - Queen Anne


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Frequently Asked Questions

When was property at 2551 5th Avenue West built and last sold?
The property at 2551 5th Avenue West was built in 1915 and last sold on Jul 22, 2022 for $750,000.
How much is this home worth?
The estimated value of the home located at 2551 5th Avenue West is $903,950.
What are some comparable homes to 2551 5th Avenue West?
Homes that are comparable to 2551 5th Avenue West include a house property at 3018 4th Avenue West, 3212 11th Avenue West, 2440 1st Avenue West.

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