8510 8th Avenue South

8510 8th 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 2023 and is 1 years old. The building has a total of 2 stories. The area measurement of the land has been determined as 5,950 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The inside of the home is being cooled with a wall air conditioning unit at the moment. In terms of heating, it is utilizing floor/wall heating system and being fueled with electricity. 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. 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, 8510 8th Avenue South was last sold in Mar 14, 2024 for $450,000. According to our calculations, that's $312.50 per sqft. Prior to that sales transaction, the property was sold for $475,000 in Mar 14, 2024. Current property owners are expected to pay $12,325 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 8510 8th Avenue South was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,280,700. To break that down further, the land itself was valued at $208,200. While improvements to the property were assessed at a total of $1,072,500. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.