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King County Department of Assessments

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

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

Send us mail

 
PARCEL DATA
Parcel094200-0300
NameSAFECO PLAZA LLC
Site Address1001 4TH AVE 98000
Geo Area 30-40
Spec Area 280-120
Property NameSAFECO PLAZA / 1001 FOURTH AVENUE
JurisdictionSEATTLE
Levy Code0011
Property Type C
Plat Block / Building Number20
Plat Lot / Unit Number1 THRU 8
Quarter-Section-Township-Range SW-32-25-4
Legal Description
BORENS CD ADD & VAC ALLEY ADJ LESS POR THOF FOR 3RD AND 4TH AVE
PLat Block: 20
Plat Lot: 1 THRU 8


LAND DATA
 
Highest & Best Use As If VacantCOMMERCIAL SERVICE
Highest & Best Use As ImprovedPRESENT USE
Present UseOffice Building
Land SqFt57,110
Acres1.31
Percentage Unusable 
UnbuildableNO
Restrictive Size ShapeNO
ZoningDOC1 U/450/U
WaterWATER DISTRICT
Sewer/SepticPUBLIC
Road AccessPUBLIC
ParkingADEQUATE
Street SurfacePAVED
Views Waterfront
Rainier
TerritorialEXCELLENT
OlympicsEXCELLENT
Cascades
Seattle Skyline
Puget SoundEXCELLENT
Lake Washington
Lake Sammamish
Lake/River/Creek
Other View
Waterfront Location
Waterfront Footage0
Lot Depth Factor0
Waterfront Bank
Tide/Shore
Waterfront Restricted Access
Waterfront Access RightsNO
Poor QualityNO
Proximity InfluenceNO
Designations Nuisances
Historic Site
Current Use(none)
Nbr Bldg Sites 
Adjacent to Golf FairwayNO
Adjacent to GreenbeltNO
Other DesignationNO
Deed RestrictionsNO
Development Rights PurchasedNO
EasementsNO
Native Growth Protection EasementNO
DNR LeaseNO
 
Topography
Traffic Noise
Airport Noise 
Power LinesNO
Other NuisancesNO
Problems
Water ProblemsNO
Transportation ConcurrencyNO
Other ProblemsNO
Environmental
EnvironmentalNO

BUILDING
Building Number1
Building DescriptionSAFECO PLAZA / 1001 FOURTH AVENUE
Number Of Buildings Aggregated1
Predominant UseOFFICE BUILDING (344)
ShapeApprox Square
Construction ClassSTRUCTURAL STEEL
Building QualityGOOD
Stories49
Building Gross Sq Ft1,179,473
Building Net Sq Ft772,850
Year Built1969
Eff. Year2010
Percentage Complete100
Heating SystemFORCED AIR UNIT
SprinklersYes
ElevatorsYes
Click the camera to see more pictures.
Picture of Building 1
Current Picture
Section(s) Of Building Number: 1
Section NumberSection UseDescriptionStoriesHeightFloor NumberGross Sq FtNet Sq Ft
1 OFFICE BUILDING (344) 49100 771,723755,883
2 UNDERGROUND PARKING STRUCTURE (388)593 stalls5100 368,9800
4 RETAIL STORE (353) 1151 4,8074,807
3 BASEMENT, STORAGE (708)fl 3 - no daylight1103 33,96312,160


 





TAX ROLL HISTORY

AccountValued YearTax YearOmit YearLevy CodeAppraised Land Value ($)Appraised Imps Value ($)Appraised Total Value ($)New Dollars ($)Taxable Land Value ($)Taxable Imps Value ($)Taxable Total Value ($)Tax Value Reason
09420003000820262027 001134,266,000134,062,000168,328,000034,266,000134,062,000168,328,000
09420003000820252026 001191,376,00096,280,000187,656,000091,376,00096,280,000187,656,000
09420003000820242025 001191,376,000131,044,000222,420,000827,68391,376,000131,044,000222,420,000
09420003000820232024 001191,376,000277,858,000369,234,000091,376,000277,858,000369,234,000
09420003000820222023 001188,520,500337,772,500426,293,000088,520,500337,772,500426,293,000
09420003000820212022 001188,520,500326,270,500414,791,000088,520,500326,270,500414,791,000
09420003000820202021 001188,520,500335,604,500424,125,000088,520,500335,604,500424,125,000
09420003000820192020 001174,243,000349,225,000423,468,000074,243,000349,225,000423,468,000
09420003000820182019 001168,532,000311,079,000379,611,000068,532,000311,079,000379,611,000
09420003000820172018 001162,821,000271,780,000334,601,000062,821,000271,780,000334,601,000
09420003000820162017 001251,399,000135,119,000186,518,000051,399,000135,119,000186,518,000
09420003000820152016 001244,260,200110,487,800154,748,000044,260,200110,487,800154,748,000
09420003000820142015 001242,832,500106,183,500149,016,000042,832,500106,183,500149,016,000
09420003000820132014 001039,977,000107,586,000147,563,000039,977,000107,586,000147,563,000
09420003000820122013 001034,266,000102,914,000137,180,000034,266,000102,914,000137,180,000
09420003000820112012 001034,266,000100,202,000134,468,000034,266,000100,202,000134,468,000
09420003000820102011 001034,266,000103,293,000137,559,000034,266,000103,293,000137,559,000
09420003000820092010 001034,266,000135,985,000170,251,000034,266,000135,985,000170,251,000
09420003000820082009 001034,266,000166,734,000201,000,000034,266,000166,734,000201,000,000
09420003000820072008 001029,982,700153,972,900183,955,600029,982,700153,972,900183,955,600
09420003000820062007 001021,416,200139,687,400161,103,600161,103,60021,416,200139,687,400161,103,600
09420003000820052006 0010000017,190,100121,278,500138,468,600
09420003000820042005 0010000017,190,100101,539,900118,730,000

SALES HISTORY

Excise NumberRecording NumberDocument DateSale PriceSeller NameBuyer NameInstrumentSale Reason
3143519 20210903000730 9/1/2021 $465,000,000.00SEATTLE SC PLAZA 2 LLCSAFECO PLAZA LLC Warranty DeedNone
2809013 20160714000369 7/13/2016 $387,000,000.00NOP 1001 FOURTH LLCSEATTLE SC PLAZA 2 LLCStatutory Warranty DeedNone
2119412 20050429001715 4/29/2005 $162,809,050.00SEAFO INCNOP 1001 FOURTH LLCSpecial Warranty DeedNone

REVIEW HISTORY

Tax YearReview NumberReview TypeAppealed ValueHearing DateSettlement ValueDecisionStatus
20262504967Local Appeal$198,694,0001/1/1900$0 Completed
20212003864Local Appeal$424,125,0001/1/1900$0 Completed
20141302074Local Appeal$147,563,0004/1/2014$147,563,000SUSTAINCompleted
20121103807Local Appeal$134,468,0008/13/2012$134,468,000SUSTAINCompleted
201075012State Appeal$170,251,0001/24/2012$170,251,000SUSTAINCompleted
20100903434Local Appeal$170,251,0007/20/2010$170,251,000SUSTAINCompleted
20090803521Local Appeal$209,885,0005/28/2009$201,000,000REVISECompleted
200765947State Appeal$161,103,60012/21/2007$161,103,600SUSTAINCompleted
20070601537Local Appeal$161,103,6004/17/2007$161,103,600SUSTAINCompleted

PERMIT HISTORY

Permit NumberPermit DescriptionTypeIssue DatePermit ValueIssuing JurisdictionReviewed Date
7101690-BK Construct blanket permit tenant improvements to Mead & Hunt on the 41st floor of existing commercial building, per plan., Remodel8/21/2025$0SEATTLE8/18/2026
7082434-CN Tenant improvements to existing SAFECO PLAZA, subject to field inspection., Remodel4/29/2025$26,300SEATTLE9/10/2025
7018998-CN Construct alterations to office building at level 41 restrooms, per plan., Remodel7/30/2024$400,000SEATTLE8/18/2026
7035789-RF VRF system with 1 condensing unit and 8 FCUs (7 ducted and 1 wall mounted)., Other7/17/2024$125,000SEATTLE9/10/2025
7007684-EL Demo all power/lighting and mechanical Install (2) 200A buss plugs Install (2) 225A 277/480 panels Install (2) 225A 120/208 panels Install (2) 75kva transformers,  2/2/2024$125,000SEATTLE8/23/2024
6984324-CN Construct tenant improvements to existing commercial building on floor 42, partition wall demo and new fireproofing, per plan., Remodel10/10/2023$1,008,500SEATTLE9/10/2025
6942559-CN Construct addition and alterations at level 5 of existing office high rise building, occupy per plan. Mechanical is included., Remodel9/26/2023$1,964,255SEATTLE9/10/2025
6944883-CN Construct soft demolition to levels 39 and 40 in office building, per plan. Additional TI permit(s) required to re-occupy this portion of the building, Remodel5/24/2023$1,701,095SEATTLE8/18/2026
6907072-CN Construct alterations to fireproofing at existing Safeco Plaza level 5, per plan., Remodel3/16/2023$106,250SEATTLE8/8/2023
6907076-CN Change use from grocery/deli to locker rooms/bicycle storage in a commercial building (Safeco Plaza) and construct alterations at ground level SW corner tenant space, occupy per plan., Remodel2/2/2023$827,683SEATTLE8/23/2024
6927811-CN Construct alterations for interior partition, stairway between 46th and 47th floors within existing office tenant space (Bain & Company) and occupy, per plan., Remodel1/20/2023$125,000SEATTLE8/8/2023
6934554-BK Construct blanket permit tenant improvements to future tenant on the 46th & 47th floors of existing commercial building, per plan., Remodel1/10/2023$0SEATTLE8/8/2023
6936337-BK Construct blanket permit tenant improvements to future tenant on the fifth floor of existing commercial building, per plan., Remodel12/22/2022$0SEATTLE8/8/2023
6936342-BK Construct blanket permit tenant improvements to future tenant on the first floor of existing commercial building, per plan., Remodel12/13/2022$0SEATTLE8/8/2023
6907061-CN Construct tenant improvements to existing high rise office building (Safeco Plaza) at the fifth floor level, per plan., Remodel10/11/2022$0SEATTLE8/8/2023
6913650-CN Interior alterations to restroom in tenant space, subject to field inspection, STFI., Remodel8/8/2022$0SEATTLE8/8/2023
6882162-CN Construct alterations to remove interior partitions, restroom fixtures, suspended ceiling, re-apply spray fire-proofing to structure and wrap interior columns, per plan., Remodel4/18/2022$2,000,000SEATTLE8/8/2023
6877456-CN Construct tenant improvements for offices on floor 32 for suite 3200, per plan., Remodel3/30/2022$1,008,500SEATTLE8/8/2023
6845621-CN Construct tenant improvements for office space at levels 44 of existing commercial building, per plan., Remodel10/27/2021$740,264SEATTLE8/31/2022
6823445-CN Construct alterations to eliminate a convenience stair between the 44th & 45th floor in a commercial high-rise building, per plans, Remodel6/11/2021$400,000SEATTLE8/31/2022
6796141-CN Construct tenant improvements to Suite 4131 of existing commercial building, subject to field inspection (STFI)., Remodel8/24/2020$700,000SEATTLE8/12/2021
6639949 Blanket Permit for interior non-structural alterations for floor 11, per plan., Remodel1/21/2018$1,635,450SEATTLE7/26/2018
6612368 Blanket Permit for interior non-structural alterations for floors 10 and 17, per plan., Remodel8/31/2017$1,635,450SEATTLE7/26/2018
6612060 Blanket Permit for interior non-structural alterations. Tenant Improvemens floor 18., Remodel8/31/2017$1,635,450SEATTLE7/26/2018
6611335 Blanket Permit for interior non-structural alterations. Tenant Improvemens floor 16., Remodel8/31/2017$1,635,450SEATTLE7/26/2018
6579898 Construct alterations to an existing commercial office building at the 4th and 5th levels to add a communicating stair, per plan, Remodel8/21/2017$200,000SEATTLE7/26/2018
6579899 Construct alterations for a mechanical plenum adjacent to Safeco Plaza, per plans., Remodel8/16/2017$530,000SEATTLE7/26/2018
6572468 Tenant improvemernts to 4th floor for conference room,trainng rooms, support kitchen (Liberty Mutual) and occupy per plan., Remodel5/21/2017$7,000,000SEATTLE7/24/2017
6591829 Non-structural interior tenant improvement to expand existing fitness center yoga studio of existing commercial building (spaces 101 and 102), subject to field inspection (STFI)., Remodel5/8/2017$50,000SEATTLE7/24/2017
6569577 Blanket Permit for interior non-structural alterations for Liberty Mutual on floors 12, 13 & 29., Remodel2/1/2017$4,500,000SEATTLE7/24/2017
6569575 Blanket Permit for interior non-structural alterations on floors 9 and 28, tenant Liberty Mutual, per plan., Remodel2/1/2017$3,000,000SEATTLE7/24/2017
6544968 Inteior non-structural tenant improvement for existing commercial building (suite 50), subject to field inspection (STFI)., Remodel8/24/2016$50,000SEATTLE7/24/2017
6529710 Blanket Permit for interior non-structural alterations for tenant, LIBERTY MUTUAL. FLOORS 22, 24-26, Remodel6/6/2016$6,000,000SEATTLE7/24/2017
6529709 Blanket Permit for interior non-structural alterations for tenant, LIBERTY MUTUAL. FLOORS 23, 27, 31, 37, Remodel6/6/2016$6,000,000SEATTLE7/24/2017
6529711 Blanket Permit for interior non-structural alterations for tenant, LIBERTY MUTUAL. FLOORS 21, 33, 38, Remodel6/1/2016$4,500,000SEATTLE7/24/2017
6514534 Change of use from restaurant to office and construct tenant improvements to existing commercial building on the ground level (suite 515), occupy per plan., Remodel5/18/2016$650,000SEATTLE6/28/2016
6516831 Install spray-applied fire resistive protection repairs to existing steel columns, metal decking and steel beams at FLOORS 21, 23-26, 33, 37 and 38 of existing building, per plan., Remodel3/18/2016$220,000SEATTLE6/28/2016
6510395 Blanket Permit for interior non-structural alterations to restrooms and building perimeter on floors 21-26, 33, 37 and 38., Remodel2/17/2016$315,000SEATTLE6/28/2016
6505202 Construct tenant improvements to existing commercial building on the 3rd floor, Occupy per plan., Remodel2/12/2016$330,000SEATTLE6/28/2016
6499681 Blanket Permit for interior non-structural alterations for multiple tenants on the 43rd floor, per plan., Remodel10/22/2015$95,000SEATTLE6/28/2016
6479057 Blanket Permit for interior non-structural alterations. Tenant improvement for 41st floor of "Fehr and Peers, Remodel8/27/2015$120,000SEATTLE6/28/2016
6477419 Blanket Permit for interior non-structural alterations to the 43rd floor, Suite 4368, for Lee & Lee, per plans., Remodel6/29/2015$124,500SEATTLE8/20/2015
6454668 Blanket Permit for interior non-structural alterations for the IA office on 36th floor, Remodel2/24/2015$1,300,000SEATTLE8/20/2015
6418801 Interior alteration to 36th floor (Safeco Plaza) per plans, and subject to field inspection., Remodel6/10/2014$120,000SEATTLE8/20/2015
6386129 Blanket Permit for interior non-structural alterations for tenant, Market Ready Suites, Safeco Plaza Building. SHELL PERMIT ONLY for floor 22 & SHELL PERMIT ONLY for floor 43,space 4301, NO OCCUPANCY THIS PERMIT., Remodel3/28/2014$100,000SEATTLE8/20/2015
6392967 Blanket Permit for interior non-structural alterations for Western Bulk to 41st floor (suite 4105 in Safeco Plaza Bldg) per plans., Remodel1/3/2014$90,000SEATTLE8/27/2014
6386128 Blanket Permit for interior non-structural alterations for tenant, Endeavour, floor 43.(Safeco Plaza Bldg.), Remodel10/29/2013$150,000SEATTLE8/27/2014
6366221 Construct alterations to existing commerical building at levels 1-5 lobbies/per plan., Remodel10/22/2013$1,000,000SEATTLE8/20/2015
6371197 Construct interior alterations to 33rd floor hallway and restrooms, per floor plans., Remodel6/25/2013$300,000SEATTLE8/27/2014
6344369 Blanket Permit for interior non-structural alterations to the 24th, 25th, &26th floor. For (Federal Home Loan Bank of Seattle - Safeco Plaza Bldg), per plans., Remodel1/24/2013$2,050,000SEATTLE7/10/2013
6302054 Blanket Permit for interior non-structural alterations for Corr Cronin Floor 39, Remodel11/22/2011$195,000SEATTLE7/11/2012
6292327 Blanket Permit for interior non-structural alterations to IA Architects Fl.4, Remodel8/30/2011$450,000SEATTLE7/11/2012
6275165 Blanket Permit for interior non-structural alterations to Fehr & Peers Fl. 41, Safeco Bldg.Remodel3/15/2011$155,970SEATTLE7/14/2011
6273631 Blanket Permit for interior non-structural alterations to the 37th floor. For National Securities ( SAFECO), per plans.Remodel3/7/2011$690,000SEATTLE7/14/2011
6272661 Blanket Permit for interior non-structural alterations to the 37th & 41st floor. For COMMOM WEALTH PARTNERS, per plans.Remodel2/15/2011$170,000SEATTLE7/14/2011
6226672 Alter portion of 3rd fl of bldg. to chg use from sales & service, general to 39 prkg spaces accessory to existing bldg.Remodel1/11/2010$100,000SEATTLE8/27/2014
6118491 Improvement of technological aspect of communication for the office building.Other12/5/2006$1,132,500SEATTLE6/1/2007

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