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500 5th Avenue

500 5th Avenue, Seattle, WA 98104
Property in Pioneer Square
Local assessors in Seattle, WA have categorized 500 5th Avenue as a exempt type of property. The home was built in 1985 and is 39 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 57,256 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. This is a 19 story home so residents will need to have climb at least one set of stairs on a daily basis.

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. 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 concrete 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 - B. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Apr 25, 2006 for $7,018,875. That's $18.22 per sqft. 500 5th Avenue was last assessed in 2023. The total value of the property was assessed at $213,689,900. Specifically, the land the property is located on was valued at $91,609,600. While improvements on the property were assessed at a total of $122,080,300. 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 $9,511. The initial tax year of delinquency was in 2021. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: B
  • Construction Type: Concrete
  • Building Style: Custom
  • Floor Count: 19
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 57,256
  • Total Building Area: 385,274
  • Gross Building Area: 385,274
  • Building Area: 385,274
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Exempt
  • Subdivision: BORENS C D ADD
  • Land Acres: 1.314
  • Standard Land Use Code: Governmental/public use
  • Legal Description 1: BORENS CD ADD ALL OF BLK 35 TGW VAC ALLEY ADJ LESS ST HWY

Ownership

  • Current Owner : 500 BUILDING LLC
  • Previous Owner : ATWATER CORP
  • Owner Before Previous Owner: WASHINGTON-STATE GOVT
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 008500

Zoning

  • Zoning: DOC1 U/450

Geography

  • Account Number: 094200101007
  • District: SEATTLE
  • Parcel: 094200-1010
  • Block: 35
  • Lot: POR
  • Meridian: SEC 32 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6036
  • Longitude: -122.328

    Address

  • Full Address: 500 5th Ave
  • Address - House Number: 500
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C067
  • 4-Digit Zip Code: 2332
  • Zip Code: 98104

Valuation

    Tax

  • Total Area: 385,274
  • Tax Year: 2021
  • Tax Amount: $9,511
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 0011

    Market Valuation

  • Market Total Value: $213,689,900
  • Market Land Value: $91,609,600
  • Market Improvement Value: $122,080,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,689,900
  • Assessed Land Value: $91,609,600
  • Assessed Improvements Value: $122,080,300

    Sales

  • Current Sale Contract Date: Apr 25, 2006
  • Current Sale Recording Date: Apr 26, 2006
  • Current Sale Transaction ID: 1009515898
  • Current Sale Price: $7,018,875
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20060426000541
  • Previous Sale Recording Date: Mar 26, 1986
  • Previous Sale Contract Date: Mar 26, 1986
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST INDEPENDENT BANK
  • First Mortgage Transaction Date: Apr 26, 2006
  • First Mortgage Loan Amount: $10,000,000
  • First Mortgage Terms: 18
  • First Mortgage Loan Due Date: Nov 01, 2007

    Financing

  • First Mortgage Financing Type: Variable

About Downtown Seattle



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Frequently Asked Questions

What neighborhood is 500 5th Avenue located in?
The 500 5th Avenue is a located in the neighborhood of Pioneer Square in Downtown Seattle, Seattle.
What is the average sales price for listings in 500 5th Avenue?
The average sales price for units in 500 5th Avenue is $0 currently.

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