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2617 Franklin Avenue East

2617 Franklin Avenue East, Seattle, WA 98102
Property in Eastlake
1 Units For Sale
Unit for sale at 2617 Franklin Avenue E, Seattle, WA 98102

$699,950

  • 2 Beds
  • 2 Baths
2617 Franklin Avenue E #F, Seattle, WA 98102 Listing by Rebecca Mitsui, Tom Skepetaris

Local assessors in Seattle, WA have categorized 2617 Franklin Avenue East as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 5,500 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2617 Franklin Avenue East has a total of 1,900 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The home's electric heaters is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2617 Franklin Avenue East was last sold in Mar 3, 2022 for $714,450. According to our calculations, that's $76.82 per sqft. Prior to that sales transaction, the property was sold for $1,029,950 in Feb 17, 2022. Current property owners are expected to pay $16,365 in taxes per year. The property on 2617 Franklin Avenue East was last assessed in 2021. As a result of that assessment, the total value of the property was placed at $3,670,000. To break that down further, the land itself was valued at $1,320,000. While improvements to the property were assessed at a total of $2,350,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.

Building Features

Exterior

Brick Exterior

Condition

Paved Lot
New Construction

Parking

No Parking

Pet Policy

Dogs Allowed / Cats Allowed
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20240411 Unit F
04/11/2024
F
2 Bed
2 Bath
-
$739,700
bedrooms
2 Bed
bathrooms
2 Bath
-
-
-
Rebecca Mitsui
Alchemy Real Estate

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Masonry
  • Floor Count: 3
  • Living Units: 10
  • Basement Type: Unspecified basement
  • Basement Area: 960
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,500
  • Lot Size Frontage Feet: 0
  • Total Building Area: 9,300
  • Building Area: 9,300
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 1,900
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DENNY FUHRMAN ADD
  • Land Acres: 0.126
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: DENNY FUHRMAN ADD

Ownership

  • Current Owner : THOMPSON IAN
  • Previous Owner : FRANKLIN 12 LLC
  • Owner Before Previous Owner: FRANKLIN 12 LLC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 006100

Zoning

  • Zoning: LR2 (M)

Geography

  • Account Number: 195970016505
  • District: SEATTLE
  • Parcel: 195970-0165
  • Block: 5
  • Lot: 12
  • Meridian: SEC 20 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6438
  • Longitude: -122.325

    Address

  • Full Address: 2617 Franklin Ave E
  • Address - House Number: 2617
  • Street Segment Direction: E
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C052
  • 4-Digit Zip Code: 3218
  • Zip Code: 98102

Valuation

    Tax

  • Total Area: 4,032
  • Tax Year: 2021
  • Tax Amount: $16,365
  • Tax Rate Code Area: 0013

    Appraisal Valuation

  • Standard Deviation: 0.0747
  • Valuation Date: Apr 20, 2022
  • Confidence Score: 95
  • Final Value: 740,210
  • High Value: 795,551
  • Low Value: 684,870

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $492,250
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Mar 14, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $492,250
  • 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: Apr 01, 2052

    Market Valuation

  • Market Total Value: $3,670,000
  • Market Land Value: $1,320,000
  • Market Improvement Value: $2,350,000

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $3,670,000
  • Assessed Land Value: $1,320,000
  • Assessed Improvements Value: $2,350,000

    Sales

  • Current Sale Contract Date: Mar 03, 2022
  • Current Sale Recording Date: Mar 14, 2022
  • Current Sale Transaction ID: 11881875772
  • Current Sale Price: $714,450
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 974
  • Previous Sale Recording Date: Feb 24, 2022
  • Previous Sale Contract Date: Feb 17, 2022
  • Previous Sale Amount: $1,029,950
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Mar 14, 2022
  • First Mortgage Loan Amount: $492,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • Previous Mortgage Transaction Date: Feb 24, 2022
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,053,638
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Mar 01, 2052

About Lake Union



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Frequently Asked Questions

What neighborhood is 2617 Franklin Avenue East located in?
The 2617 Franklin Avenue East is a located in the neighborhood of Eastlake in Lake Union, Seattle.
How many listings are currently for sale in 2617 Franklin Avenue East?
There is one unit for sale right now.
What is the average sales price for listings in 2617 Franklin Avenue East?
The average sales price for units in 2617 Franklin Avenue East is $699,950 currently.

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