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4515 Martin Luther King Jr Way

4515 Martin Luther King Jr Way, Seattle, WA 98108
Property in Columbia City
Refi Jan 14, 2004
Transfer
$6,379,500 by United States Of America
Mortgage Due Apr 01, 2045
Local assessors in Seattle, WA have categorized 4515 Martin Luther King Jr Way as a residential type of property. The home was built in 2004 and is 20 years old. It was most recently renovated and altered in 2007. The property's lot size has been calculated to be 48,894 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. This is a 4 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 4515 Martin Luther King Jr Way has a total of 70,142 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 open garage for those who need a place to park their vehicle. 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 wood 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. 4515 Martin Luther King Jr Way was last assessed in 2023. The total value of the property was assessed at $13,885,200. Specifically, the land the property is located on was valued at $5,016,400. While improvements on the property were assessed at a total of $8,868,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,065. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 4
  • Living Units: 1
  • Business/Commerical Units Count: 89
  • Basement Area: 0
  • Garage Type: Open
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 48,894
  • Total Building Area: 70,142
  • Building Area: 70,142
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 70,142
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GAMELIN HOUSE
  • Land Acres: 1.123
  • Standard Land Use Code: Condominium unit (residential)
  • County Land Use Code: Surface rights (grazing, timber, coal)
  • Legal Description 1: GAMELIN HOUSE CONDOMINIUM PCT UND INT 76.00

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 010001

Zoning

  • Zoning: NC2-55 (M)

Geography

  • Account Number: 269200002005
  • District: SEATTLE
  • Parcel: 269200-0020
  • Meridian: SEC 16 TWN 24 RNG 4
  • Municipality: SEATTLE
  • Latitude: 47.5622
  • Longitude: -122.295

    Address

  • Full Address: 4515 Martin Luther King Jr Way S
  • Address - House Number: 4515
  • Street Segment Direction: S
  • Address - Street Name: Martin Luther King Jr
  • Address - Suffix Type: Way
  • State: WA
  • City Name: Seattle
  • Carrier Code: C025
  • 4-Digit Zip Code: 2182
  • Zip Code: 98108

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $4,065
  • Tax Rate Code Area: 0010

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,379,500
  • First Open Lien Mortgage Lender: UNITED STATES OF AMERICA
  • First Open Lien Mortgage Recording Date: Jan 14, 2004
  • First Open Lien Mortgage Loan Amount: $6,379,500
  • First Open Lien Mortgage Term: 494
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2045

    Market Valuation

  • Market Total Value: $13,885,200
  • Market Land Value: $5,016,400
  • Market Improvement Value: $8,868,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,885,200
  • Assessed Land Value: $5,016,400
  • Assessed Improvements Value: $8,868,800

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 4515 Martin Luther King Jr Way located in?
The 4515 Martin Luther King Jr Way is a located in the neighborhood of Columbia City in Rainier Valley, Seattle.
What is the average sales price for listings in 4515 Martin Luther King Jr Way?
The average sales price for units in 4515 Martin Luther King Jr Way is $0 currently.

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