King County Department of Assessments

Setting values, serving the community, and promoting fairness and equity.

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Department of Assessments

201 South Jackson Street,
Seattle, WA 98104

Office Hours:
Mon - Fri
8:30 a.m. to 4:30 p.m.

TEL: 206-296-7300
TTY relay: 711 or 800-833-4388

PARCEL DATA

Parcel	197720-0926
Name	PACIFIC VIRGINIA LLC
Site Address	1931 2ND AVE 98101
Geo Area	30-100
Spec Area
Property Name	TERMINAL SALES BUILDING ANNEX (SAME OWNERSHIP W/ACCT #197720-0920)

Jurisdiction	SEATTLE
Levy Code	0011
Property Type	C
Plat Block / Building Number	44
Plat Lot / Unit Number	2-3
Quarter-Section-Township-Range	NE-31-25-4

Legal Description

DENNYS A A 6TH ADD NLY 15 FT OF 3 & SLY 1/2 OF 2 LESS ST
PLat Block: 44
Plat Lot: 2-3

LAND DATA

Highest & Best Use As If Vacant	COMMERCIAL SERVICE
Highest & Best Use As Improved	PRESENT USE
Present Use	Office Building
Land SqFt	4,860
Acres	0.11

Percentage Unusable	100
Unbuildable	NO
Restrictive Size Shape	NO
Zoning	DMC 240/290-440
Water	WATER DISTRICT
Sewer/Septic	PUBLIC
Road Access	PUBLIC
Parking	ADEQUATE
Street Surface	PAVED

Views

Waterfront

Rainier
Territorial
Olympics
Cascades
Seattle Skyline
Puget Sound
Lake Washington
Lake Sammamish
Lake/River/Creek
Other View

Waterfront Location
Waterfront Footage	0
Lot Depth Factor	0
Waterfront Bank
Tide/Shore
Waterfront Restricted Access
Waterfront Access Rights	NO
Poor Quality	NO
Proximity Influence	NO

Designations

Nuisances

Historic Site	DESIGNATED
Current Use	(none)
Nbr Bldg Sites
Adjacent to Golf Fairway	NO
Adjacent to Greenbelt	NO
Other Designation	NO
Deed Restrictions	NO
Development Rights Purchased	NO
Easements	NO
Native Growth Protection Easement	NO
DNR Lease	NO

Topography
Traffic Noise
Airport Noise
Power Lines	NO
Other Nuisances	NO

Problems

Water Problems	NO
Transportation Concurrency	NO
Other Problems	NO

Environmental

BUILDING

Building Number	1
Building Description	OFFICE BUILDING
Number Of Buildings Aggregated	1
Predominant Use	OPEN OFFICE (820)
Shape	Rect or Slight Irreg
Construction Class	REINFORCED CONCRETE
Building Quality	AVERAGE
Stories	4
Building Gross Sq Ft	24,300
Building Net Sq Ft	24,044
Year Built	1916
Eff. Year	1969
Percentage Complete	100
Heating System	STEAM WITHOUT BOILER
Sprinklers	No
Elevators	Yes

Click the camera to see more pictures.

Picture of Building 1
Current Picture

Section(s) Of Building Number: 1

Section Number	Section Use	Stories	Height	Gross Sq Ft	Net Sq Ft
2	OPEN OFFICE (820)	3	13	14,580	14,324
1	OPEN OFFICE (820)	1	17	4,860	4,860
3	BASEMENT, STORAGE (708)	1	11	4,860	4,860

TAX ROLL HISTORY

Account	Valued Year	Tax Year	Levy Code	Appraised Land Value ($)	Appraised Imps Value ($)	Appraised Total Value ($)	Taxable Land Value ($)	Taxable Imps Value ($)	Taxable Total Value ($)
197720092604	2024	2025	0011	1,676,700	2,854,600	4,531,300	1,676,700	2,854,600	4,531,300
197720092604	2023	2024	0011	1,676,700	3,323,500	5,000,200	1,676,700	3,323,500	5,000,200
197720092604	2022	2023	0011	1,385,100	3,146,200	4,531,300	1,385,100	3,146,200	4,531,300
197720092604	2021	2022	0011	1,385,100	2,748,900	4,134,000	1,385,100	2,748,900	4,134,000
197720092604	2020	2021	0011	5,103,000	259,800	5,362,800	5,103,000	259,800	5,362,800
197720092604	2019	2020	0011	4,617,000	452,600	5,069,600	4,617,000	452,600	5,069,600
197720092604	2018	2019	0011	4,495,500	72,400	4,567,900	4,495,500	72,400	4,567,900
197720092604	2017	2018	0011	4,009,500	194,900	4,204,400	4,009,500	194,900	4,204,400
197720092604	2016	2017	0012	3,523,500	231,600	3,755,100	3,523,500	231,600	3,755,100
197720092604	2015	2016	0012	3,159,000	503,900	3,662,900	3,159,000	503,900	3,662,900
197720092604	2014	2015	0010	2,916,000	260,900	3,176,900	2,916,000	260,900	3,176,900
197720092604	2013	2014	0010	2,430,000	730,400	3,160,400	2,430,000	730,400	3,160,400
197720092604	2012	2013	0010	1,944,000	934,500	2,878,500	1,944,000	934,500	2,878,500
197720092604	2011	2012	0010	1,604,000	771,700	2,375,700	1,604,000	771,700	2,375,700
197720092604	2010	2011	0010	1,944,000	339,000	2,283,000	1,944,000	339,000	2,283,000
197720092604	2009	2010	0010	1,944,000	1,574,200	3,518,200	1,944,000	1,574,200	3,518,200
197720092604	2008	2009	0010	1,944,000	1,966,100	3,910,100	1,944,000	1,966,100	3,910,100
197720092604	2007	2008	0010	1,701,000	994,200	2,695,200	1,701,000	994,200	2,695,200
197720092604	2006	2007	0010	1,200,000	800,000	2,000,000	1,200,000	800,000	2,000,000
197720092604	2005	2006	0010	777,600	1,270,500	2,048,100	777,600	1,270,500	2,048,100
197720092604	2004	2005	0010	777,600	1,262,800	2,040,400	777,600	1,262,800	2,040,400
197720092604	2003	2004	0010	777,600	1,166,400	1,944,000	777,600	1,166,400	1,944,000
197720092604	2002	2003	0010	884,500	1,059,500	1,944,000	884,500	1,059,500	1,944,000
197720092604	2001	2002	0010	0	0	0	899,100	867,300	1,766,400
197720092604	2000	2001	0010	680,400	985,600	1,666,000	680,400	985,600	1,666,000
197720092604	1999	2000	0010	0	0	0	580,000	500,000	1,080,000
197720092604	1998	1999	0010	486,000	514,000	1,000,000	486,000	514,000	1,000,000
197720092604	1997	1998	0010	0	0	0	486,000	680,000	1,166,000
197720092604	1996	1997	0010	0	0	0	486,000	514,000	1,000,000
197720092604	1995	1996	0010	0	0	0	486,000	514,000	1,000,000
197720092604	1994	1995	0010	0	0	0	486,000	514,000	1,000,000
197720092604	1992	1993	0010	0	0	0	486,000	972,000	1,458,000
197720092604	1990	1991	0010	0	0	0	486,000	803,200	1,289,200
197720092604	1988	1989	0010	0	0	0	486,000	486,000	972,000
197720092604	1987	1988	0010	0	0	0	486,000	271,900	757,900
197720092604	1986	1987	0010	0	0	0	607,500	592,500	1,200,000
197720092604	1984	1985	0010	0	0	0	583,200	420,400	1,003,600
197720092604	1982	1983	0010	0	0	0	583,200	420,400	1,003,600

SALES HISTORY

Excise Number	Recording Number	Document Date	Sale Price	Seller Name	Buyer Name	Instrument	Sale Reason
2927993	20180502000550	12/14/2016	$0.00	HOTEL CLARE LLC	PACIFIC VIRGINIA LLC	Bargain and Sales Deed	Other
2839826	20161216000752	12/14/2016	$18,066,200.00	1927 1931 & 1935 2ND AVE LLC	PACIFIC VIRGINIA LLC	Bargain and Sales Deed	None
2281851	20070501001651	4/23/2007	$0.00	WEISFIELD WILLIAM M	1927 & 1935 2ND AVE LLC	Quit Claim Deed	Trust
1714444	19991004002042	9/28/1999	$0.00	DIAMOND JOSEF+ALHADEFF JERRY	DIAMOND JOSEF+WEISFIELD WILLIAM M	Quit Claim Deed	Trust

REVIEW HISTORY

Tax Year	Review Number	Review Type	Appealed Value	Hearing Date	Settlement Value	Decision	Status
2015	1401162	Local Appeal	$3,176,900	1/1/1900	$0		Completed
2012	1102251	Local Appeal	$2,715,700	4/5/2012	$2,375,700	REVISE	Completed
2011	1002969	Local Appeal	$2,715,700	9/7/2011	$2,283,000	REVISE	Completed
2010	0903785	Local Appeal	$3,518,200	9/13/2010	$3,518,200	SUSTAIN	Completed
2008	68006	State Appeal	$2,695,200	12/17/2008	$2,695,200	SUSTAIN	Completed
2008	0701864	Local Appeal	$2,695,200	5/14/2008	$2,695,200	SUSTAIN	Completed
2007	65393	State Appeal	$2,462,500	5/29/2007	$2,000,000	REVISE	Completed
2007	0600967	Local Appeal	$2,462,500	1/30/2007	$2,462,500	SUSTAIN	Completed
2006	63853	State Appeal	$2,048,100	5/3/2006	$2,048,100	SUSTAIN	Completed
2006	0501382	Local Appeal	$2,048,100	10/19/2005	$2,048,100	SUSTAIN	Completed
2005	0401775	Local Appeal	$2,040,400	4/6/2005	$2,040,400	SUSTAIN	Completed
2002	0104482	Local Appeal	$1,934,100	1/8/2003	$1,766,400	REVISE	Completed
2001	0001926	Local Appeal	$1,666,000	7/31/2001	$1,666,000	SUSTAIN	Completed
2000	9903004	Local Appeal	$1,666,000	6/6/2001	$1,666,000	SUSTAIN	Completed
2000	56950	State Appeal	$0	10/3/2001	$1,080,000	REVISE	Completed
1998	9703351	Local Appeal	$1,000,000	1/27/1999	$1,166,000	REVISE, ASSESSOR RECOMMENDED	Completed
1995	9403923	Local Appeal	$1,458,000	11/9/1995	$1,000,000	REVISE, ASSESSOR RECOMMENDED	Completed
1993	9215147	Local Appeal	$1,458,000	4/6/1994	$1,458,000	SUSTAIN	Completed
1988	8701509	Local Appeal	$1,200,000	1/7/1988	$757,900	REVISE, ASSESSOR RECOMMENDED	Completed
1985	8401619	Local Appeal	$0	12/11/1984	$0	SUSTAIN	Completed

PERMIT HISTORY

Permit Number	Permit Description	Type	Issue Date	Permit Value	Issuing Jurisdiction	Reviewed Date
3007606	Land use application to establish use for future construction of a 38 story building with 11 floors containing 154 hotel rooms & 26 floors containing 190 unit residential units with 6,431 sqft of retail commercial use at ground level.	Building, New	2/18/2009	$0	SEATTLE	8/12/2015

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