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7221 54th Avenue South

7221 54th Avenue South, Seattle, WA 98118
Property in Seward Park
Sold Sep 15, 2017
$550,000
$305,250 by V I P Mortgage Inc
Mortgage Due Oct 01, 2047
Sold Nov 20, 1998
$174,950
$139,950 by Bank Of America
Mortgage Due Dec 01, 2028
7221 54th Avenue South has been categorized by the local assessors in Seattle, WA as a residential type of property. The building on the property was first built in 1951 and is 73 years old. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7221 54th Avenue South has 1,300 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,950 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 190 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 7221 54th Avenue South sold most recently in Sep 7, 2017 for a total of $550,000. If you work out the math, that's approximately a cost of $423.08 per sqft. Before that, the property was also sold for $174,950 in Nov 18, 1998. 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 $7,385 in taxes each year. 7221 54th Avenue South was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $735,000. If we break it down further, the land itself was valued at $386,000. Improvements to the property, however, were assessed at a total of $349,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 190
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,950
  • Total Building Area: 1,300
  • Gross Building Area: 1,300
  • Building Area: 1,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • 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: HEBBS SEWARD PARK ADD
  • Land Acres: 0.137
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HEBBS SEWARD PARK ADD

Ownership

  • Current Owner : MIANO ANNE
  • Previous Owner : MCELHOE MICHAEL F
  • Previous Owner 2: OBERTO LAURA A
  • Owner Before Previous Owner: LOVE ALFRED LEON
  • Owner Before Previous Owner 2: LOVE RUBY V
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 011102

Zoning

  • Zoning: NR3

Geography

  • Account Number: 321420004004
  • District: SEATTLE
  • Parcel: 321420-0040
  • Lot: 8
  • Meridian: SEC 26 TWN 24 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.5373
  • Longitude: -122.266

    Address

  • Full Address: 7221 54th Ave S
  • Address - House Number: 7221
  • Street Segment Direction: S
  • Address - Street Name: 54th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C026
  • 4-Digit Zip Code: 4203
  • Zip Code: 98118

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,385
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1621
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 751,323
  • High Value: 873,123
  • Low Value: 629,523

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $605,250
  • First Open Lien Mortgage Lender: V I P MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Sep 15, 2017
  • First Open Lien Mortgage Loan Amount: $305,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2047
  • Second Open Lien Mortgage Lender: V I P MORTGAGE INC
  • Second Open Lien Mortgage Recording Date: Sep 09, 2019
  • Second Open Lien Mortgage Loan Amount: $300,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2049

    Market Valuation

  • Market Total Value: $735,000
  • Market Land Value: $386,000
  • Market Improvement Value: $349,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $735,000
  • Assessed Land Value: $386,000
  • Assessed Improvements Value: $349,000

    Sales

  • Current Sale Contract Date: Sep 07, 2017
  • Current Sale Recording Date: Sep 15, 2017
  • Current Sale Transaction ID: 1735956606
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20170915001507
  • Previous Sale Recording Date: Nov 20, 1998
  • Previous Sale Contract Date: Nov 18, 1998
  • Previous Sale Amount: $174,950
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: V I P MORTGAGE INC
  • First Mortgage Transaction Date: Sep 15, 2017
  • First Mortgage Loan Amount: $305,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Oct 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA
  • Previous Mortgage Transaction Date: Nov 20, 1998
  • Previous Mortgage Loan Amount: $139,950
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Dec 01, 2028

About Rainier Valley



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Frequently Asked Questions

What neighborhood is 7221 54th Avenue South located in?
The 7221 54th Avenue South is a located in the neighborhood of Seward Park in Rainier Valley, Seattle.
What is the average sales price for listings in 7221 54th Avenue South?
The average sales price for units in 7221 54th Avenue South is $0 currently.

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