7318 Rainier Avenue South

Local assessors in Seattle, WA have categorized 7318 Rainier Avenue South as a residential type of property. The home was built in 1959 and is 65 years old. It was most recently renovated and altered in 1988. The property's lot size has been calculated to be 10,260 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis.

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 open garage for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. 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 - C. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on a wall air conditioning unit for their cooling system. The home's floor/wall heating system is the primary heating source and it is being fueled with electricity. 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, 7318 Rainier Avenue South sold most recently in Aug 13, 1997 for a total of $279,700. If you work out the math, that's approximately a cost of $46.37 per sqft. Before that, the property was also sold for $230,000 in May 14, 1993. 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 $16,797 in taxes each year. 7318 Rainier Avenue South was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,663,000. If we break it down further, the land itself was valued at $820,800. Improvements to the property, however, were assessed at a total of $842,200. 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.