tomo logo

$349,000

Beds
1
Baths
1.0
sq ft
618

1614 Summit Ave Unit S404, Seattle, WA 98122

1614 Summit Ave Unit S404

Seattle, WA 98122

  • 31 days on market
    • Price drop $10,000↓
Refreshed price! Oversized 1 bedroom condo features Capital Hill living at it’s best. Hands down the best location in Cap Hill. The walkability is undeniable. Minutes from downtown theater district, shops, parks and some of Seattle’s most popular bars and restaurants. Accessibility galore just blocks away from I-5, light rail and multiple bus lines. This bright upper floor unit includes secure covered parking space, in-unit laundry and storage closet. Recent updates include remodeled kitchen, new flooring and fresh paint. Park on Summit is a wonderful community with on-site manager, elevators, 2 separate outdoor spaces and entertainment size rooftop deck with city and sunset views. Full envelope project completed in 2016. No rental cap.

Details

Property type

Condominium

Est. home value

$409,952

Lot size

0.5712 acres

Price per sq ft

$565

Year built

1990

Annual property taxes

$3,052

Monthly HOA fee

$621

Price History

09/24/2024
NorthwestMLS

NorthwestMLS #2287353

Price change
$349,000
-7.67%
09/05/2024
NorthwestMLS

NorthwestMLS #2262833

Removed
$378,000
+5.29%
09/05/2024
NorthwestMLS

NorthwestMLS #2287353

Listed
$359,000
-9.8%

Schools & Community

Neighborhood: 

Capitol Hill

Elementary school: 

Buyer To Verify

Middle school: 

Buyer To Verify

High school: 

Buyer To Verify

Community features: 

Gated

School district: 

Seattle

Number of units in community: 

78

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$84,647
Asking price
$349,000
Closing costs (~8% of asking)
-$27,920
Est. remaining loan balance
-$236,433
Cash to seller
$84,647

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Homeside Financial Llc

Loan start date

February 2021

Original loan amount

$257,500

Est. remaining balance

$236,433

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Alex Zhao

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/05/2024 at 6:50 PM

Listing updated: 09/24/2024 at 9:27 AM

Listed by: Lynn I. Downing, John L. Scott, Inc. Phone #: (425) 836-7800

MLS: NorthwestMLS #2287353

NorthwestMLS logo

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