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414 East Mercer Street

414 East Mercer Street, Seattle, WA 98102
Property in Broadway
Sold Sep 08, 2014
$625,000
$437,500 by Bank Of Washington
Mortgage
Sold May 30, 1996
$224,950
$157,465 by World S/l
Mortgage Due Jun 17, 2026
Local assessors in Seattle, WA have categorized 414 East Mercer Street as a residential type of property. The home was built in 1901 and is 123 years old. The property's lot size has been calculated to be 3,600 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. 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 are 2 full bathrooms. There are also 3 partial bathrooms. 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 414 East Mercer Street has a total of 2,240 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 590 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 520 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 both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 a forced air unit is the primary heating source and it is being fueled with gas. 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, 414 East Mercer Street was last sold in Sep 4, 2014 for $625,000. According to our calculations, that's $279.02 per sqft. Prior to that sales transaction, the property was sold for $224,950 in May 23, 1996. Current property owners are expected to pay $10,319 in taxes per year. The property on 414 East Mercer Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,071,000. To break that down further, the land itself was valued at $1,017,000. While improvements to the property were assessed at a total of $54,000. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1901
  • Effective Year Built: 1901
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Triplex
  • Floor Count: 3
  • Living Units: 1
  • Business/Commerical Units Count: 3
  • Basement Type: Finished improved basement
  • Basement Area: 590
  • Garage Type: Detached
  • Garage Square Area: 520
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,600
  • Total Building Area: 2,240
  • Gross Building Area: 2,290
  • Building Area: 2,240
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,240
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PONTIUS 2ND ADD SUPL
  • Land Acres: 0.083
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: PONTIUS 2ND ADD SUPL W 1/2 PLAT BLOCK: 42 PLAT LOT: 5

Ownership

  • Current Owner : NELSON MICHAEL R
  • Current Owner 2: NELSON LAURA J
  • Previous Owner : TENANCE ROBERT J
  • Previous Owner 2: TENACE DEBORAH A
  • Owner Before Previous Owner: NELSON MICHAEL R
  • Owner Before Previous Owner 2: PINNEO GREGORY M

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 007404

Zoning

  • Zoning: NC1-55 (M)

Geography

  • Account Number: 684820032507
  • District: SEATTLE
  • Parcel: 684820-0325
  • Block: 42
  • Lot: 5
  • Meridian: SEC 29 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6245
  • Longitude: -122.326

    Address

  • Full Address: 414 E Mercer St
  • Address - House Number: 414
  • Street Direction: E
  • Address - Street Name: Mercer
  • Address - Suffix Type: St
  • State: WA
  • City Name: Seattle
  • Carrier Code: C095
  • 4-Digit Zip Code: 6839
  • Zip Code: 98102

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $10,319
  • Tax Rate Code Area: 0013

    Appraisal Valuation

  • Standard Deviation: 0.1566
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 1,240,822
  • High Value: 1,435,149
  • Low Value: 1,046,495

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $437,500
  • First Open Lien Mortgage Lender: BANK OF WASHINGTON
  • First Open Lien Mortgage Recording Date: Sep 08, 2014
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $437,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $1,071,000
  • Market Land Value: $1,017,000
  • Market Improvement Value: $54,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,071,000
  • Assessed Land Value: $1,017,000
  • Assessed Improvements Value: $54,000

    Sales

  • Current Sale Contract Date: Sep 04, 2014
  • Current Sale Recording Date: Sep 08, 2014
  • Current Sale Transaction ID: 1021323693
  • Current Sale Price: $625,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20140908001101
  • Previous Sale Recording Date: May 30, 1996
  • Previous Sale Contract Date: May 23, 1996
  • Previous Sale Amount: $224,950
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF WASHINGTON
  • First Mortgage Transaction Date: Sep 08, 2014
  • First Mortgage Loan Amount: $437,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: WORLD S/L
  • Previous Mortgage Transaction Date: May 30, 1996
  • Previous Mortgage Loan Amount: $157,465
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 17, 2026

About Capitol Hill



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Nearby Rentals

Unit for rent at

$1,900 /mo

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  • 1 Bath
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$729 /mo

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Listing by Manager

Frequently Asked Questions

What neighborhood is 414 East Mercer Street located in?
The 414 East Mercer Street is a located in the neighborhood of Broadway in Capitol Hill, Seattle.
What is the average sales price for listings in 414 East Mercer Street?
The average sales price for units in 414 East Mercer Street is $0 currently.

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