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5502 7th Avenue Northwest

5502 7th Avenue Northwest, Seattle, WA 98107
Property in West Woodland
Sold Jul 16, 2020
$865,000
$692,000 by Ivy Mortgage
Mortgage Due Aug 01, 2050
Sold Jul 14, 2011
$440,000
$421,170 by Mortgage Advisory Group
Mortgage Due Aug 01, 2041
Local assessors in Seattle, WA have categorized 5502 7th Avenue Northwest as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 2,108 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 is one full bathroom. There are also 3 partial bathrooms. This is a 2 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 5502 7th Avenue Northwest has a total of 2,160 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 full basement with daylight that is 420 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 attached garage for those who need a place to park their vehicle. The garage on the property is 300 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 - B. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jul 15, 2020 for $865,000. That's $351.63 per sqft. Prior to that sales transaction, the property was also sold in Jul 10, 2011 for $440,000. 5502 7th Avenue Northwest was last assessed in 2023. The total value of the property was assessed at $801,000. Specifically, the land the property is located on was valued at $189,000. While improvements on the property were assessed at a total of $612,000. 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 $7,650. 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! 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: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Triplex
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 420
  • Garage Type: Attached
  • Garage Square Area: 300
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,108
  • Total Building Area: 2,460
  • Gross Building Area: 2,460
  • Building Area: 2,160
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,160
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GILMAN PARK ADD BLKS 121 THRU 125
  • Land Acres: 0.048
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: GILMAN PARK ADD LOT A SEATTLE SP #2405309 REC #20050322900005 SD SP DAF LOT 4 BLOCK 122 OF SD ADD PLAT BLOCK: 122 PLAT LOT: 4

Ownership

  • Current Owner : YE JIAHAO
  • Current Owner 2: CHENG YIFEI
  • Previous Owner : BUESER ERIC
  • Owner Before Previous Owner: LONDON BENJAMIN
  • Owner Before Previous Owner 2: FRANCIS ALEXANDRA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 003400

Zoning

  • Zoning: LR1 (M)

Geography

  • Account Number: 276820009500
  • District: SEATTLE
  • Parcel: 276820-0095
  • Block: 122
  • Lot: 4
  • Meridian: SEC 12 TWN 25 RNG 03
  • Municipality: SEATTLE
  • Latitude: 47.6689
  • Longitude: -122.365

    Address

  • Full Address: 5502 7th Ave Nw
  • Address - House Number: 5502
  • Street Segment Direction: NW
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C040
  • 4-Digit Zip Code: 2727
  • Zip Code: 98107

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,650
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 1,031,662
  • High Value: 1,196,428
  • Low Value: 866,897

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $692,000
  • First Open Lien Mortgage Lender: IVY MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 16, 2020
  • First Open Lien Mortgage Loan Amount: $692,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $801,000
  • Market Land Value: $189,000
  • Market Improvement Value: $612,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $801,000
  • Assessed Land Value: $189,000
  • Assessed Improvements Value: $612,000

    Sales

  • Current Sale Contract Date: Jul 15, 2020
  • Current Sale Recording Date: Jul 16, 2020
  • Current Sale Transaction ID: 11772943367
  • Current Sale Price: $865,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200716001454
  • Previous Sale Recording Date: Jul 14, 2011
  • Previous Sale Contract Date: Jul 10, 2011
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: IVY MORTGAGE
  • First Mortgage Transaction Date: Jul 16, 2020
  • First Mortgage Loan Amount: $692,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE ADVISORY GROUP
  • Previous Mortgage Transaction Date: Jul 14, 2011
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $421,170
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2041

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Frequently Asked Questions

What neighborhood is 5502 7th Avenue Northwest located in?
The 5502 7th Avenue Northwest is a located in the neighborhood of West Woodland in Ballard, Seattle.
What is the average sales price for listings in 5502 7th Avenue Northwest?
The average sales price for units in 5502 7th Avenue Northwest is $0 currently.

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