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5120 55th Avenue South

5120 55th Avenue South, Seattle, WA 98118
Property in Seward Park
Sold Nov 30, 1999
$495,000
$800,000 by Mellon Trust Of New England Na
Mortgage Due Sep 01, 2037
Sold Mar 09, 1995
$210,000
$192,000 by Lee Anderson
Mortgage
5120 55th Avenue South in Seattle, WA was first built in 1951 and is 73 years old. Although, the building on the property was most recently renovated and altered in 2006. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 5120 55th Avenue South has 4,370 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 1,450 sqft and has been categorized as a full basement with daylight. In total, the area measurement of the land is 13,524 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. 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. For those who need parking, there is a attached garage. The garage is 530 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. As for heating, the home is utilizing a forced air unit and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 24, 1999 for $495,000. That's $101.02 per sqft. Prior to that sales transaction, the property was also sold in Mar 2, 1995 for $210,000. 5120 55th Avenue South was last assessed in 2023. The total value of the property was assessed at $1,886,000. Specifically, the land the property is located on was valued at $739,000. While improvements on the property were assessed at a total of $1,147,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $19,363. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 2006
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: A
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 1,450
  • Garage Type: Attached
  • Garage Square Area: 530
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,524
  • Total Building Area: 4,900
  • Gross Building Area: 4,900
  • Building Area: 4,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 4,370
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PALMER HEIGHTS NO. 03
  • Land Acres: 0.311
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PALMER HEIGHTS #3 ALL LOT 16 TGW POR OF 17 ELY OF LN RNG S 31-52-39 W FAP 99.92 FT SELY FR MOST NLY COR

Ownership

  • Current Owner : PERSON PHILLIP B
  • Previous Owner : CLAY VINCENT E
  • Previous Owner 2: CLAY TERESA A
  • Owner Before Previous Owner: ANDERSON LEE
  • Owner Before Previous Owner 2: JACOBSON HELEN H
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Seattle School District
  • Census Tract: 010200

Zoning

  • Zoning: NR2

Geography

  • Account Number: 661700008005
  • District: SEATTLE
  • Parcel: 661700-0080
  • Block: 1
  • Lot: 16
  • Meridian: SEC 23 TWN 24 RNG 04
  • Municipality: SEATTLE
  • Latitude: 47.5563
  • Longitude: -122.265

    Address

  • Full Address: 5120 55th Ave S
  • Address - House Number: 5120
  • Street Segment Direction: S
  • Address - Street Name: 55th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Seattle
  • Carrier Code: C003
  • 4-Digit Zip Code: 2118
  • Zip Code: 98118

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $19,363
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1624
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 1,929,877
  • High Value: 2,243,343
  • Low Value: 1,616,411

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $800,000
  • First Open Lien Mortgage Lender: MELLON TRUST OF NEW ENGLAND NA
  • First Open Lien Mortgage Recording Date: Aug 08, 2007
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2037

    Market Valuation

  • Market Total Value: $1,886,000
  • Market Land Value: $739,000
  • Market Improvement Value: $1,147,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,886,000
  • Assessed Land Value: $739,000
  • Assessed Improvements Value: $1,147,000

    Sales

  • Current Sale Contract Date: Nov 24, 1999
  • Current Sale Recording Date: Nov 30, 1999
  • Current Sale Transaction ID: 1198321757
  • Current Sale Price: $495,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19991130000756
  • Previous Sale Recording Date: Mar 09, 1995
  • Previous Sale Contract Date: Mar 02, 1995
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FEDERAL MTG COMPANY INC
  • First Mortgage Transaction Date: Nov 30, 1999
  • First Mortgage Loan Amount: $330,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Dec 01, 2029

    Previous Mortgages

  • Previous Mortgage Lender: LEE ANDERSON
  • Previous Mortgage Transaction Date: Mar 09, 1995
  • Previous Mortgage Loan Amount: $192,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

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Frequently Asked Questions

What neighborhood is 5120 55th Avenue South located in?
The 5120 55th Avenue South is a located in the neighborhood of Seward Park in Rainier Valley, Seattle.
What is the average sales price for listings in 5120 55th Avenue South?
The average sales price for units in 5120 55th Avenue South is $0 currently.

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