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3525 Southwest Monroe Street

3525 Southwest Monroe Street, Seattle, WA 98126
Property in Gatewood
Sold Sep 06, 2022
$800,000
$640,000 by Cornerstone Home Lending Inc
Mortgage Due Oct 01, 2052
Sold Apr 16, 2020
$660,000
$627,000 by American Pacific Mortgage
Mortgage Due May 01, 2050
3525 Southwest Monroe Street in Seattle, WA was first built in 1949 and is 75 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 3525 Southwest Monroe Street has 2,060 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 850 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 5,829 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The garage is 360 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. As for heating, the home is utilizing a forced air unit and 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, 3525 Southwest Monroe Street sold most recently in Aug 22, 2022 for a total of $800,000. If you work out the math, that's approximately a cost of $388.35 per sqft. Before that, the property was also sold for $660,000 in Apr 13, 2020. 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 $7,286 in taxes each year. 3525 Southwest Monroe Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $724,000. If we break it down further, the land itself was valued at $391,000. Improvements to the property, however, were assessed at a total of $333,000. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 850
  • Garage Square Area: 360
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,829
  • Total Building Area: 2,060
  • Gross Building Area: 2,060
  • Building Area: 2,060
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,060
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GARDEN GROVE TRACTS
  • Land Acres: 0.134
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GARDEN GROVE TRACTS N 1/2 LESS W 30 FT

Ownership

  • Current Owner : BUTTERWORTH PARKER
  • Previous Owner : SOEGAARD ANDERSEN
  • Previous Owner 2: SOEGAARD CLAUS
  • Owner Before Previous Owner: MARRE JULIE R
  • Owner Before Previous Owner 2: MARRE BENJAMIN J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 011500

Zoning

  • Zoning: NR3

Geography

  • Account Number: 269560026503
  • District: SEATTLE
  • Subdivision Tract Number: N
  • Parcel: 269560-0265
  • Lot: 20
  • Meridian: SEC 35 TWN 24 RNG 03
  • Municipality: SEATTLE
  • Latitude: 47.531
  • Longitude: -122.378

    Address

  • Full Address: 3525 Sw Monroe St
  • Address - House Number: 3525
  • Street Direction: SW
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: WA
  • City Name: Seattle
  • Carrier Code: C051
  • 4-Digit Zip Code: 3401
  • Zip Code: 98126

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,286
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 871,235
  • High Value: 1,010,244
  • Low Value: 732,226

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $640,000
  • First Open Lien Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Open Lien Mortgage Recording Date: Sep 06, 2022
  • First Open Lien Mortgage Loan Amount: $640,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2052

    Market Valuation

  • Market Total Value: $724,000
  • Market Land Value: $391,000
  • Market Improvement Value: $333,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $724,000
  • Assessed Land Value: $391,000
  • Assessed Improvements Value: $333,000

    Sales

  • Current Sale Contract Date: Aug 22, 2022
  • Current Sale Recording Date: Sep 06, 2022
  • Current Sale Transaction ID: 11895488307
  • Current Sale Price: $800,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 480
  • Previous Sale Recording Date: Apr 16, 2020
  • Previous Sale Contract Date: Apr 13, 2020
  • Previous Sale Amount: $660,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Mortgage Transaction Date: Sep 06, 2022
  • First Mortgage Loan Amount: $640,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN PACIFIC MORTGAGE
  • Previous Mortgage Transaction Date: Apr 16, 2020
  • Previous Mortgage Loan Amount: $627,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2050

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Frequently Asked Questions

What neighborhood is 3525 Southwest Monroe Street located in?
The 3525 Southwest Monroe Street is a located in the neighborhood of Gatewood in West Seattle, Seattle.
What is the average sales price for listings in 3525 Southwest Monroe Street?
The average sales price for units in 3525 Southwest Monroe Street is $0 currently.

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