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722 Summit Avenue

722 Summit Avenue, Seattle, WA 98102
Property in Broadway
Sold Oct 02, 2020
$1,175,000
$741,750 by Caliber Home Loans Inc
Mortgage Due Nov 01, 2050
Sold Mar 29, 2017
$1,075,000
$860,000 by Homestreet Bank
Mortgage Due Apr 01, 2047
Local assessors in Seattle, WA have categorized 722 Summit Avenue as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 1,768 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse 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 2 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 722 Summit Avenue has a total of 1,720 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 finished improved basement that is 480 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 360 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 heat pump is the primary heating source and it is being fueled with electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 722 Summit Avenue was last sold in Sep 25, 2020 for $1,175,000. According to our calculations, that's $564.90 per sqft. Prior to that sales transaction, the property was sold for $1,075,000 in Mar 14, 2017. Current property owners are expected to pay $8,876 in taxes per year. The property on 722 Summit Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $953,000. To break that down further, the land itself was valued at $450,000. While improvements to the property were assessed at a total of $503,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Townhouse
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 480
  • Garage Type: Attached
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,768
  • Total Building Area: 2,080
  • Gross Building Area: 2,080
  • Building Area: 1,720
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 1,720
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: EAST PARK ADD
  • Land Acres: 0.041
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: EAST PARK ADD LOT A SEATTLE SP#3021953 REC# 20161013900005 SD SP DAF- W 60 FT LOT 3 SD BLK 3 PLAT BLOCK: 3 PLAT LOT: 3

Ownership

  • Current Owner : NELSON ASHER MICHAEL
  • Previous Owner : ALY AHMED N
  • Owner Before Previous Owner: SUMMIT & BELMONT LLC

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 006500

Zoning

  • Zoning: LR3 (M)

Geography

  • Account Number: 216390025502
  • District: SEATTLE
  • Parcel: 216390-0255
  • Block: 3
  • Lot: 3
  • Meridian: SEC 29 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6257
  • Longitude: -122.325

    Address

  • Full Address: 722 Summit Ave E
  • Address - House Number: 722
  • Street Segment Direction: E
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C020
  • 4-Digit Zip Code: 6924
  • Zip Code: 98102

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $8,876
  • Tax Rate Code Area: 0013

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 1,149,380
  • High Value: 1,335,649
  • Low Value: 963,110

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,057,382
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Oct 02, 2020
  • First Open Lien Mortgage Loan Amount: $741,750
  • 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: Nov 01, 2050
  • Second Open Lien Mortgage Lender: ALLIANT CU
  • Second Open Lien Mortgage Recording Date: Oct 02, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $315,632
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $953,000
  • Market Land Value: $450,000
  • Market Improvement Value: $503,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $953,000
  • Assessed Land Value: $450,000
  • Assessed Improvements Value: $503,000

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Transaction ID: 11791301119
  • Current Sale Price: $1,175,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20201002001277
  • Previous Sale Recording Date: Mar 29, 2017
  • Previous Sale Contract Date: Mar 14, 2017
  • Previous Sale Amount: $1,075,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Oct 02, 2020
  • First Mortgage Loan Amount: $741,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: HOMESTREET BANK
  • Previous Mortgage Transaction Date: Mar 29, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $860,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Apr 01, 2047

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Frequently Asked Questions

What neighborhood is 722 Summit Avenue located in?
The 722 Summit Avenue is a located in the neighborhood of Broadway in Capitol Hill, Seattle.
What is the average sales price for listings in 722 Summit Avenue?
The average sales price for units in 722 Summit Avenue is $0 currently.

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