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King County Department of Assessments

Fair, Equitable, and Understandable Property Valuations

Department of Assessments

500 Fourth Avenue,
Suite ADM-AS-0708,
Seattle, WA 98104

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

TEL: 206-296-7300
FAX: 206-296-5107
TTY: 206-296-7888

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PARCEL DATA
Parcel197570-0440
Name1516 2ND CONDOMINIUMS LLC
Site Address1516 2ND AVE 98101
Geo Area 30-100
Spec Area
Property NameCHROMER BUILDING
JurisdictionSEATTLE
Levy Code0011
Property Type C
Plat Block / Building Number23
Plat Lot / Unit Number5 & 8
Quarter-Section-Township-Range SE-31-25-4
Legal Description
DENNYS A A 3RD ADD
PLat Block: 23
Plat Lot: 5 & 8


LAND DATA
 
Highest & Best Use As If VacantCOMMERCIAL SERVICE
Highest & Best Use As ImprovedPRESENT USE
Present UseOffice Building
Land SqFt12,960
Acres0.30
Percentage Unusable100
UnbuildableNO
Restrictive Size ShapeNO
ZoningDMC 240/290-440
WaterWATER DISTRICT
Sewer/SepticPUBLIC
Road AccessPUBLIC
ParkingADEQUATE
Street SurfacePAVED
Views Waterfront
Rainier
Territorial
Olympics
Cascades
Seattle Skyline
Puget Sound
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 DescriptionOFFICE BUILDING
Number Of Buildings Aggregated1
Predominant UseOFFICE BUILDING (344)
ShapeRect or Slight Irreg
Construction ClassMASONRY
Building QualityAVERAGE
Stories4
Building Gross Sq Ft63,540
Building Net Sq Ft52,000
Year Built1906
Eff. Year1986
Percentage Complete100
Heating SystemCOMPLETE HVAC
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
2 RETAIL STORE (353) 121 12,96012,060
4 BASEMENT, UNFINISHED (703) 1120 9,0000
3 OFFICE BUILDING (344) 312 38,88037,240
Section Feature(s) Of Section Number: 2
Feature TypeGross Sq FtNet Sq Ft
MEZZANINES-STORAGE (763)2,7002,700

 





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
19757004400220182019 001111,988,0001,946,00013,934,000011,988,0001,946,00013,934,000
19757004400220172018 001110,692,0002,029,50012,721,500010,692,0002,029,50012,721,500
19757004400220162017 00129,396,0001,947,90011,343,90009,396,0001,947,90011,343,900
19757004400220152016 00128,424,0002,370,50010,794,50008,424,0002,370,50010,794,500
19757004400220142015 00107,776,0001,823,3009,599,30007,776,0001,823,3009,599,300
19757004400220132014 00106,480,0003,008,7009,488,70006,480,0003,008,7009,488,700
19757004400220122013 00105,184,0003,491,2008,675,20005,184,0003,491,2008,675,200
19757004400220112012 00105,184,0003,314,2008,498,20005,184,0003,314,2008,498,200
19757004400220102011 00105,184,0003,346,1008,530,10005,184,0003,346,1008,530,100
19757004400220092010 00105,184,0005,029,40010,213,40005,184,0005,029,40010,213,400
19757004400220082009 00105,184,0002,046,3007,230,30005,184,0002,046,3007,230,300
19757004400220072008 00104,536,0001,664,3006,200,30004,536,0001,664,3006,200,300
19757004400220062007 00103,693,6002,506,7006,200,30003,693,6002,506,7006,200,300
19757004400220052006 00103,693,6002,190,8005,884,40003,693,6002,190,8005,884,400
19757004400220042005 00103,564,0002,320,4005,884,40003,564,0002,320,4005,884,400
19757004400220032004 00103,564,0002,217,0005,781,00003,564,0002,217,0005,781,000
19757004400220022003 00103,564,0001,812,0005,376,00003,564,0001,812,0005,376,000
19757004400220012002 00103,240,0003,121,3006,361,30003,240,0003,121,3006,361,300
19757004400220002001 00101,944,0002,632,0004,576,00001,944,0002,632,0004,576,000
19757004400219992000 00101,944,0002,632,0004,576,00001,944,0002,632,0004,576,000
19757004400219981999 00101,555,0003,021,0004,576,00001,555,0003,021,0004,576,000
19757004400219971998 001000001,555,0001,795,0003,350,000
19757004400219961997 001000001,555,000145,0001,700,000
19757004400219941995 001000001,555,2001,0001,556,200
19757004400219921993 001000001,944,0001,0001,945,000
19757004400219911992 001000001,944,0001,0001,945,000
19757004400219901991 001000002,332,800261,2002,594,000
19757004400219881989 001000002,138,000752,0002,890,000
19757004400219871988 001000002,138,0001,362,0003,500,000
19757004400219861987 001000002,138,000862,0003,000,000
19757004400219851986 001000002,203,200611,0002,814,200
19757004400219841985 001000002,203,2001,0002,204,200
19757004400219821983 001000002,203,2001,0002,204,200

SALES HISTORY

Excise NumberRecording NumberDocument DateSale PriceSeller NameBuyer NameInstrumentSale Reason
2934410 20180606000913 6/6/2018 $32,500,000.00CHROMER BUILDING LLC 1516 2ND CONDOMINIUMS LLC Statutory Warranty DeedOther
2616713 20130709001348 6/4/2013 $11,750,000.00COLUMBIA BUILDING ASSOCIATES LLC+SECOND AVENUE ASSOCS LLCCHROMER BUILDING LLCStatutory Warranty DeedNone
1733331 20000126000893 1/24/2000 $7,900,000.00TRIDENT INVESTMENTS INC COLUMBIA BUILDING ASSOCIATES ET ALStatutory Warranty DeedNone

REVIEW HISTORY

Tax YearReview NumberReview TypeAppealed ValueHearing DateSettlement ValueDecisionStatus
19989703464Local Appeal$5,542,1001/1/1900$0 Completed
19929101798Local Appeal$2,594,0001/1/1900$1,945,000REVISE, ASSESSOR RECOMMENDEDCompleted

PERMIT HISTORY

Permit NumberPermit DescriptionTypeIssue DatePermit ValueIssuing JurisdictionReviewed Date
6389865 Change use from school to resturant and establish use as eating and drinking establishment, construct alterations to first floor and mezzanine and occupy per plan, Remodel1/22/2014$275,000SEATTLE9/1/2015

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