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4550 West Laurel Drive Northeast

4550 West Laurel Drive Northeast, Seattle, WA 98105
Property in Laurelhurst
Sold Jun 15, 2022
$2,500,000
$900,000 by Mufg Union Bank Na
Mortgage Due Jul 01, 2052
Sold Jun 05, 2006
$1,417,000
$417,000 by Bank Of America Na
Mortgage Due Jul 01, 2021
Local assessors in Seattle, WA have categorized 4550 West Laurel Drive Northeast as a residential type of property. The home was built in 1936 and is 88 years old. The property's lot size has been calculated to be 7,114 square feet. 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 3 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 4550 West Laurel Drive Northeast has a total of 3,360 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 1,180 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 detached garage for those who need a place to park their vehicle. The garage on the property is 290 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 a unknown so you'll have a great option in the 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 - A. Lots of brick were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 4550 West Laurel Drive Northeast sold most recently in Jun 13, 2022 for a total of $2,500,000. If you work out the math, that's approximately a cost of $744.05 per sqft. Before that, the property was also sold for $1,417,000 in Jun 1, 2006. 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 $17,448 in taxes each year. 4550 West Laurel Drive Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,826,000. If we break it down further, the land itself was valued at $1,405,000. Improvements to the property, however, were assessed at a total of $421,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1936
  • Effective Year Built: 1936
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,180
  • Garage Type: Detached
  • Garage Square Area: 290
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,114
  • Total Building Area: 3,360
  • Gross Building Area: 3,360
  • Building Area: 3,360
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,360
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAURELHURST CREST ADD
  • Land Acres: 0.163
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAURELHURST CREST ADD LOT 2 & POR LOT 1 BEG AT SW COR OF SD LOT 1 TH N 77-00-00 E ALG SLY LN THOF 31.70 FT TH N 85-29-15 W 29.76 FT TO WLY LN OF SD LOT TH SLY ALG SD WLY LN 9.65 FT TO POB TGW LOT 3 LESS POR LYING S OF LN DAF - BEG AT W END OF LN COMM

Ownership

  • Current Owner : PELASCINI MATTHEW
  • Current Owner 2: PELASCINI BLAKELY
  • Previous Owner : SCOTT III GEORGE E
  • Previous Owner 2: SCOTT TEDD MARY
  • Owner Before Previous Owner: KAPLAN EVAN L
  • Owner Before Previous Owner 2: KAPLAN RENEE D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 004101

Zoning

  • Zoning: NR3

Geography

  • Account Number: 421840015505
  • District: SEATTLE
  • Parcel: 421840-0155
  • Block: 3
  • Lot: Feb 03, 2001
  • Meridian: SEC 10 TWN 25 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.6626
  • Longitude: -122.27

    Address

  • Full Address: 4550 W Laurel Dr Ne
  • Address - House Number: 4550
  • Street Segment Direction: NE
  • Street Direction: W
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: WA
  • City Name: Seattle
  • Carrier Code: C027
  • 4-Digit Zip Code: 3841
  • Zip Code: 98105

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $17,448
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 2,276,483
  • High Value: 2,660,729
  • Low Value: 1,892,237

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,886,500
  • First Open Lien Mortgage Lender: MUFG UNION BANK NA
  • First Open Lien Mortgage Recording Date: Jun 15, 2022
  • First Open Lien Mortgage Loan Amount: $900,000
  • 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: Jul 01, 2052
  • Second Open Lien Mortgage Lender: MUFG UNION BANK NA
  • Second Open Lien Mortgage Recording Date: Jul 28, 2022
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $986,500
  • 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: Aug 20, 2052

    Market Valuation

  • Market Total Value: $1,826,000
  • Market Land Value: $1,405,000
  • Market Improvement Value: $421,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,826,000
  • Assessed Land Value: $1,405,000
  • Assessed Improvements Value: $421,000

    Sales

  • Current Sale Contract Date: Jun 13, 2022
  • Current Sale Recording Date: Jun 15, 2022
  • Current Sale Transaction ID: 11890160901
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 537
  • Previous Sale Recording Date: Jun 05, 2006
  • Previous Sale Contract Date: Jun 01, 2006
  • Previous Sale Amount: $1,417,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUFG UNION BANK NA
  • First Mortgage Transaction Date: Jun 15, 2022
  • First Mortgage Loan Amount: $900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jun 05, 2006
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jul 01, 2021

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Frequently Asked Questions

What neighborhood is 4550 West Laurel Drive Northeast located in?
The 4550 West Laurel Drive Northeast is a located in the neighborhood of Laurelhurst in Northeast Seattle, Seattle.
What is the average sales price for listings in 4550 West Laurel Drive Northeast?
The average sales price for units in 4550 West Laurel Drive Northeast is $0 currently.

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