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506 North 48th Street

506 North 48th Street, Seattle, WA 98103
Property in Fremont
506 North 48th Street in Seattle, WA was first built in 1914 and is 110 years old. This has been categorized as a vacant property type. For those interested in architecture, the building on the property was built in a triplex style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. 506 North 48th Street has 1,890 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 810 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 2,500 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. The garage is 250 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. As for heating, the home is utilizing a forced air unit and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 506 North 48th Street sold most recently in Mar 13, 2019 for a total of $945,000. If you work out the math, that's approximately a cost of $418.14 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,110 in taxes each year. 506 North 48th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $516,000. If we break it down further, the land itself was valued at $516,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can 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: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Bedroom Count: 3
  • Full Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Triplex
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 810
  • Garage Type: Detached
  • Garage Square Area: 250
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,500
  • Total Building Area: 2,260
  • Gross Building Area: 2,260
  • Building Area: 1,890
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,890
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Vacant
  • Subdivision: WOODLAND ADD TO SALMON BAY CITY
  • Land Acres: 0.057
  • Standard Land Use Code: Multi-family-vacant land
  • Legal Description 1: WOODLAND ADD TO SALMON BAY CITY PCL A OF SEATTLE SP #3037837-LU REC #20220119900007 SD SP DAF - LOT 2 OF BLK 12 OF SD ADD PLAT BLOCK: 12 PLAT LOT: 2

Ownership

  • Current Owner : NELSON MICHAEL R
  • Current Owner 2: NELSON LAURA J
  • Previous Owner : ANYNK LLC
  • Owner Before Previous Owner: MORGAN CHARLES J
  • Owner Before Previous Owner 2: MORGAN CHARLES J
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 07, 2024

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 004901

Zoning

  • Zoning: LR1 (M)

Geography

  • Account Number: 952110016005
  • District: SEATTLE
  • Parcel: 952110-0160
  • Block: 12
  • Lot: 2
  • Meridian: SEC 07 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6638
  • Longitude: -122.352

    Address

  • Full Address: 506 N 48th St
  • Address - House Number: 506
  • Street Direction: N
  • Address - Street Name: 48th
  • Address - Suffix Type: St
  • State: WA
  • City Name: Seattle
  • Carrier Code: C003
  • 4-Digit Zip Code: 6414
  • Zip Code: 98103

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,110
  • Tax Rate Code Area: 0010

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $20,000,000
  • First Open Lien Mortgage Lender: COLUMBIA STATE BANK
  • First Open Lien Mortgage Recording Date: Dec 23, 2020
  • First Open Lien Mortgage Loan Amount: $20,000,000
  • 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: $516,000
  • Market Land Value: $516,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $516,000
  • Assessed Land Value: $516,000

    Sales

  • Current Sale Contract Date: Mar 13, 2019
  • Current Sale Recording Date: Mar 15, 2019
  • Current Sale Transaction ID: 11590421922
  • Current Sale Price: $945,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20190315001111
  • Previous Sale Recording Date: Apr 01, 2008
  • Previous Sale Contract Date: Mar 18, 2008
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FINANCIAL NORTHWEST BANK
  • First Mortgage Transaction Date: Mar 15, 2019
  • First Mortgage Loan Amount: $661,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Apr 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 506 North 48th Street located in?
The 506 North 48th Street is a located in the neighborhood of Fremont in Lake Union, Seattle.
What is the average sales price for listings in 506 North 48th Street?
The average sales price for units in 506 North 48th Street is $0 currently.

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