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, Room 708
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

Parcel	197570-0440
Name	1516 2ND CONDOMINIUMS LLC
Site Address	1516 2ND AVE 98101
Geo Area	30-100
Spec Area
Property Name	CHROMER BUILDING

Jurisdiction	SEATTLE
Levy Code	0011
Property Type	C
Plat Block / Building Number	23
Plat Lot / Unit Number	5 & 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 Vacant	COMMERCIAL SERVICE
Highest & Best Use As Improved	PRESENT USE
Present Use	Office Building
Land SqFt	12,960
Acres	0.30

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
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

Environmental

BUILDING

Building Number	1
Building Description	OFFICE BUILDING
Number Of Buildings Aggregated	1
Predominant Use	OFFICE BUILDING (344)
Shape	Rect or Slight Irreg
Construction Class	MASONRY
Building Quality	AVERAGE
Stories	4
Building Gross Sq Ft	63,540
Building Net Sq Ft	61,000
Year Built	1906
Eff. Year	1987
Percentage Complete	100
Heating System	COMPLETE HVAC
Sprinklers	Yes
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	Floor Number	Gross Sq Ft	Net Sq Ft
2	RETAIL STORE (353)	1	21		12,960	12,060
4	BASEMENT, STORAGE (708)	1	12	0	9,000	9,000
3	OFFICE BUILDING (344)	3	12		38,880	37,240

Section Feature(s) Of Section Number: 2

Feature Type	Gross Sq Ft	Net Sq Ft
MEZZANINES-STORAGE (763)	2,700	2,700

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 ($)	Taxable Total Value ($)
197570044002	2024	2025	0011	15,552,000	1,782,300	17,334,300	15,552,000	1,782,300	17,334,300
197570044002	2023	2024	0011	15,552,000	3,607,800	19,159,800	15,552,000	3,607,800	19,159,800
197570044002	2022	2023	0011	13,608,000	3,726,300	17,334,300	13,608,000	3,726,300	17,334,300
197570044002	2021	2022	0011	13,608,000	2,145,700	15,753,700	13,608,000	2,145,700	15,753,700
197570044002	2020	2021	0011	13,608,000	7,174,400	20,782,400	13,608,000	7,174,400	20,782,400
197570044002	2019	2020	0011	12,312,000	7,382,300	19,694,300	12,312,000	7,382,300	19,694,300
197570044002	2018	2019	0011	11,988,000	1,946,000	13,934,000	11,988,000	1,946,000	13,934,000
197570044002	2017	2018	0011	10,692,000	2,029,500	12,721,500	10,692,000	2,029,500	12,721,500
197570044002	2016	2017	0012	9,396,000	1,947,900	11,343,900	9,396,000	1,947,900	11,343,900
197570044002	2015	2016	0012	8,424,000	2,370,500	10,794,500	8,424,000	2,370,500	10,794,500
197570044002	2014	2015	0010	7,776,000	1,823,300	9,599,300	7,776,000	1,823,300	9,599,300
197570044002	2013	2014	0010	6,480,000	3,008,700	9,488,700	6,480,000	3,008,700	9,488,700
197570044002	2012	2013	0010	5,184,000	3,491,200	8,675,200	5,184,000	3,491,200	8,675,200
197570044002	2011	2012	0010	5,184,000	3,314,200	8,498,200	5,184,000	3,314,200	8,498,200
197570044002	2010	2011	0010	5,184,000	3,346,100	8,530,100	5,184,000	3,346,100	8,530,100
197570044002	2009	2010	0010	5,184,000	5,029,400	10,213,400	5,184,000	5,029,400	10,213,400
197570044002	2008	2009	0010	5,184,000	2,046,300	7,230,300	5,184,000	2,046,300	7,230,300
197570044002	2007	2008	0010	4,536,000	1,664,300	6,200,300	4,536,000	1,664,300	6,200,300
197570044002	2006	2007	0010	3,693,600	2,506,700	6,200,300	3,693,600	2,506,700	6,200,300
197570044002	2005	2006	0010	3,693,600	2,190,800	5,884,400	3,693,600	2,190,800	5,884,400
197570044002	2004	2005	0010	3,564,000	2,320,400	5,884,400	3,564,000	2,320,400	5,884,400
197570044002	2003	2004	0010	3,564,000	2,217,000	5,781,000	3,564,000	2,217,000	5,781,000
197570044002	2002	2003	0010	3,564,000	1,812,000	5,376,000	3,564,000	1,812,000	5,376,000
197570044002	2001	2002	0010	3,240,000	3,121,300	6,361,300	3,240,000	3,121,300	6,361,300
197570044002	2000	2001	0010	1,944,000	2,632,000	4,576,000	1,944,000	2,632,000	4,576,000
197570044002	1999	2000	0010	1,944,000	2,632,000	4,576,000	1,944,000	2,632,000	4,576,000
197570044002	1998	1999	0010	1,555,000	3,021,000	4,576,000	1,555,000	3,021,000	4,576,000
197570044002	1997	1998	0010	0	0	0	1,555,000	1,795,000	3,350,000
197570044002	1996	1997	0010	0	0	0	1,555,000	145,000	1,700,000
197570044002	1994	1995	0010	0	0	0	1,555,200	1,000	1,556,200
197570044002	1992	1993	0010	0	0	0	1,944,000	1,000	1,945,000
197570044002	1991	1992	0010	0	0	0	1,944,000	1,000	1,945,000
197570044002	1990	1991	0010	0	0	0	2,332,800	261,200	2,594,000
197570044002	1988	1989	0010	0	0	0	2,138,000	752,000	2,890,000
197570044002	1987	1988	0010	0	0	0	2,138,000	1,362,000	3,500,000
197570044002	1986	1987	0010	0	0	0	2,138,000	862,000	3,000,000
197570044002	1985	1986	0010	0	0	0	2,203,200	611,000	2,814,200
197570044002	1984	1985	0010	0	0	0	2,203,200	1,000	2,204,200
197570044002	1982	1983	0010	0	0	0	2,203,200	1,000	2,204,200

SALES HISTORY

Excise Number	Recording Number	Document Date	Sale Price	Seller Name	Buyer Name	Instrument	Sale Reason
2934410	20180606000913	6/6/2018	$32,500,000.00	CHROMER BUILDING LLC	1516 2ND CONDOMINIUMS LLC	Statutory Warranty Deed	Other
2616713	20130709001348	6/4/2013	$11,750,000.00	COLUMBIA BUILDING ASSOCIATES LLC+SECOND AVENUE ASSOCS LLC	CHROMER BUILDING LLC	Statutory Warranty Deed	None
1733331	20000126000893	1/24/2000	$7,900,000.00	TRIDENT INVESTMENTS INC	COLUMBIA BUILDING ASSOCIATES ET AL	Statutory Warranty Deed	None

REVIEW HISTORY

Tax Year	Review Number	Review Type	Appealed Value	Hearing Date	Settlement Value	Decision	Status
1998	9703464	Local Appeal	$5,542,100	1/1/1900	$0		Completed
1992	9101798	Local Appeal	$2,594,000	3/4/1992	$1,945,000	REVISE, ASSESSOR RECOMMENDED	Completed

PERMIT HISTORY

Permit Number	Permit Description	Type	Issue Date	Permit Value	Issuing Jurisdiction	Reviewed 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,	Remodel	1/22/2014	$275,000	SEATTLE	9/1/2015

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Notice mailing date: 07/04/2024

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