by RH Advisors

See Home Value
Seattle 98178 Rainier View
5360 S Wallace Street
Listed by: Khara Swift, New Millennium Realty, 206-423-3989, Listing Courtesy of NWMLS
$499,000
House - Off Market

5360 S Wallace Street

Seattle, WA 98178
bedrooms
3 Beds
bathrooms
1 Bath
$2,925
Estimated Monthly
$0
HOA / Fees
5.83%
Cap Rate

About This Property

1911 structurally sound 3 bedroom home w/high cielings, strategically arranged windows allowing natural lighting. The house has 1 bedroom on the first floor and 2 bedrooms on the second floor. An attic with standing space at center exceeding six feet. A basement at head height extends the area of the house but is yet to be finished. The first floor consists of tile and linoleum. Upstairs and attic floors are of Douglas fir. The location is ideal. Detached 3 car garage added in 1988. The property consists of mature fruit trees and ornamental shrubbery. Great investment. As-Is
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1911
Last updated: 3 months ago (NWMLS #NWM2187659)

Price History

Date / Event Date Event Price
Feb 16, 2024 No longer available -
No longer available
Jan 11, 2024 Price Decreased $499,000
↓ $36K (6.7%)
Price Decreased
Dec 29, 2023 Listed by New Millennium Realty $535,000
Listed by New Millennium Realty
Mar 28, 2022 Sold to Billie Colburn $367,500
Sold to Billie Colburn

Property Highlights

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 850
  • Garage Type: Detached
  • Garage Square Area: 770
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 10,480
  • Total Building Area: 2,150
  • Gross Building Area: 2,150
  • Building Area: 1,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,300
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HILLMANS CD MEADOW GARDENS DIV NO. 02
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HILLMANS MEADOW GARDENS DIV # 2 PCL C SEATTLE SP NO 2201168 REC NO 20021114900002 SD SP DAF LT 128 BLK 14 OF SD ADD PLAT BLOCK: 14 PLAT LOT: 128

Ownership

  • Current Owner : COLBURN BILLIE
  • Previous Owner : CABIAO LEONARD F
  • Previous Owner 2: CABIAO LUZVIMINDA
  • Owner Before Previous Owner: ROBINSON HOMES INC
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 011901

Zoning

  • Zoning: NR1

Geography

  • Account Number: 334840143005
  • District: SEATTLE
  • Parcel: 334840-1430
  • Block: 14
  • Lot: 128
  • Meridian: SEC 11 TWN 23 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.498
  • Longitude: -122.265

    Address

  • Full Address: 5360 S Wallace St
  • Address - House Number: 5360
  • Street Direction: S
  • Address - Street Name: Wallace
  • Address - Suffix Type: St
  • State: WA
  • City Name: Seattle
  • Carrier Code: C012
  • 4-Digit Zip Code: 2868
  • Zip Code: 98178

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,769
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.0745
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 95
  • Final Value: 299,161
  • High Value: 321,463
  • Low Value: 276,859

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $375,950
  • First Open Lien Mortgage Lender: EASTSIDE FUNDING LLC
  • First Open Lien Mortgage Recording Date: Nov 09, 2022
  • First Open Lien Mortgage Loan Amount: $375,950
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $488,000
  • Market Land Value: $200,000
  • Market Improvement Value: $288,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $488,000
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $288,000

    Sales

  • Current Sale Contract Date: Mar 03, 2022
  • Current Sale Recording Date: Mar 28, 2022
  • Current Sale Transaction ID: 11883607629
  • Current Sale Price: $367,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1503
  • Previous Sale Recording Date: Nov 27, 2002
  • Previous Sale Contract Date: Nov 19, 2002
  • Previous Sale Amount: $147,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EASTSIDE FUNDING LLC
  • First Mortgage Transaction Date: Mar 28, 2022
  • First Mortgage Loan Amount: $375,950
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: ROBINSON HOMES INC
  • Previous Mortgage Transaction Date: Nov 27, 2002
  • Previous Mortgage Loan Amount: $118,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
900 ft²
$583/ft²
$525,000 Dec 7, 2023
-
$88/mo
House
4 Beds
3 Baths
-
$605,000 Oct 26, 2023
-
$514/mo
House
4 Beds
2 Baths
-
$620,000 Dec 7, 2023
-
$88/mo

About Rainier Valley


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Frequently Asked Questions

When was property at 5360 South Wallace Street built and last sold?
The property at 5360 South Wallace Street was built in 1911 and last sold on Mar 3, 2022 for $367,500.
How much is this home worth?
The estimated value of the home located at 5360 South Wallace Street is $540,350.
What are some comparable homes to 5360 South Wallace Street?
Homes that are comparable to 5360 South Wallace Street include a house property at 11227 Luther Avenue South, 11227 Luther Avenue South, 5135 South Avon Street.

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