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

PARCEL DATA

Parcel	282305-9024
Name	BMF IV WA GRAMMERCY LLC
Site Address	11908 SE 175TH ST
Geo Area	75-65
Spec Area	100-320
Property Name	GRAMMERCY II

Jurisdiction	RENTON
Levy Code	2128
Property Type	C
Plat Block / Building Number
Plat Lot / Unit Number
Quarter-Section-Township-Range	SW-28-23-5

Legal Description

LOT 1 OF KC SHORT PLAT NO 582061 RECORDING NO 8304270912 SD SHORT PLAT DAF - SW 1/4 OF SW 1/4 LESS N 150 FT LESS E 80 FT LESS W 845 FT LESS POR LY SLY OF N MGN OF SE PETROVITSKY RD, SE 176TH ST SUBJ TO ESMT BONNEVILLE POWER LN - AKA PARCEL A OF KC LOT LN ADJ NO 1084005 RECORDING NO 8503220887 TGW LOT 3 OF KC SHORT PLAT NO 784087 RECORDING NO 8502250488 SD SHORT PLAT DAF - S 330 FT OF NW 1/4 OF SW 1/4 LESS W 30 FT TGW N 150 FT OF SW 1/4 OF SW 1/4 LESS W 484 FT OF S 220 FT TGW E 80 FT OF SW 1/4 OF SW 1/4 LESS N 150 FT LESS ANY POR LY S OF N MGN OF PETROVITSKY RD SUBJ TO BONNEVILLE POWER LN ESMT - PER KC LOT LN ADJ NO 1084005 RECORDING NO 8503220887 --- TGW LOT 2 OF K C SHORT PLAT NO 582061 RECORDING NO 8304270912 LESS - BEGIN NE CORNER OF SAID LOT 2 TH S 01-55-38 W 337.50 FT TH N 19-52-54 W 363.38 FT TH S 88-07-33 E 135 FT TO POINT OF BEGINNING SAID SHORT PLAT DEFINED - SW 1/4 OF SW 1/4 LESS N 150 FT LESS E 80 FT LESS W 845 FT LESS PORTION LY SLY OF N MARGIN OF SE PETROVITSKY ROAD, SE 176TH ST - SUBJECT TO EASEMENT BONNEVILLE POWER LINE - AKA PORTION PARCEL B OF K C LOT LINE ADJUSTMENT NO 1084005
PLat Block:
Plat Lot:

LAND DATA

Highest & Best Use As If Vacant	MULTI-FAMILY DWELLING
Highest & Best Use As Improved	PRESENT USE
Present Use	Apartment
Land SqFt	431,215
Acres	9.90

Percentage Unusable
Restrictive Size Shape	NO
Zoning	RM-F
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

BUILDING

Building Number	1
Building Description	THE MADISON AT FAIRWOOD
Number Of Buildings Aggregated	12
Predominant Use	MULTIPLE RESIDENCE (LOW RISE) (352)
Shape	Rect or Slight Irreg
Construction Class	WOOD FRAME
Building Quality	AVERAGE
Stories	3
Building Gross Sq Ft	160,722
Building Net Sq Ft	160,722
Year Built	1985
Eff. Year	2005
Percentage Complete	100
Heating System	ELECTRIC WALL
Sprinklers	No
Elevators	No

Click the camera to see more pictures.

Picture of Building 1
Current Picture

Section(s) Of Building Number: 1

Section Number	Section Use	Description	Stories	Height	Floor Number	Gross Sq Ft	Net Sq Ft
1	MULTIPLE RESIDENCE (LOW RISE) (352)		3	9		160,722	160,722

Accessory

Accessory Type	Description	Qty	Grade
Pkg: Covrd, Unsec		40	(unknown)
Pool	Outdoor	1	(unknown)
Jacuzzi		1	(unknown)
Recreation Bldg		1	(unknown)

Apartment / Condo Complex Data

Complex Type	Commercial Complex
Complex Description	180-Unit Garden Style
Value Distribution Method
# of Bldgs	12
# of Stories	3
# of Units	180
Avg Unit Size	893
Land Per Unit	0
Project Location	AVERAGE
Project Appeal	AVERAGE
% With View	0
Construction Class	WOOD FRAME
Building Quality	AVERAGE
Condition	Good
Year Built	1985
Eff Year	2005
% Complete	100
Elevators	N
Security System	N
FirePlace	Y
Laundry	PRIVATE
Kitchens
# of Meals	0
Founder's Fee
Apt Conversion	N
Condo Land Type

Unit Breakdown

Unit Type	Number of This Type	Sq Ft	# of Bedrooms	# of Baths
Flat	36	841	2	1
Flat	36	952	2	2
Flat	54	1,141	3	2
Flat	54	640	1	1

TAX ROLL HISTORY

Account	Valued Year	Tax Year	Levy Code	Appraised Land Value ($)	Appraised Imps Value ($)	Appraised Total Value ($)	New Dollars ($)	Taxable Land Value ($)	Taxable Imps Value ($)	Taxable Total Value ($)
282305902409	2022	2023	2128	7,330,600	39,106,400	46,437,000	1,318,000	7,330,600	39,106,400	46,437,000
282305902409	2021	2022	2128	7,115,000	38,485,000	45,600,000	0	7,115,000	38,485,000	45,600,000
282305902409	2020	2021	2128	7,115,000	34,200,900	41,315,900	0	7,115,000	34,200,900	41,315,900
282305902409	2019	2020	2128	6,899,400	27,842,600	34,742,000	0	6,899,400	27,842,600	34,742,000
282305902409	2018	2019	2128	6,468,200	23,896,800	30,365,000	0	6,468,200	23,896,800	30,365,000
282305902409	2017	2018	2128	6,468,200	17,407,800	23,876,000	0	6,468,200	17,407,800	23,876,000
282305902409	2016	2017	2128	6,468,200	16,387,800	22,856,000	0	6,468,200	16,387,800	22,856,000
282305902409	2015	2016	2128	6,468,200	12,586,800	19,055,000	0	6,468,200	12,586,800	19,055,000
282305902409	2014	2015	2128	3,880,900	13,509,100	17,390,000	0	3,880,900	13,509,100	17,390,000
282305902409	2013	2014	2128	3,449,700	14,748,300	18,198,000	0	3,449,700	14,748,300	18,198,000
282305902409	2012	2013	2128	3,449,700	13,650,300	17,100,000	0	3,449,700	13,650,300	17,100,000
282305902409	2011	2012	2128	3,449,700	12,930,300	16,380,000	0	3,449,700	12,930,300	16,380,000
282305902409	2010	2011	2128	3,449,700	12,750,300	16,200,000	0	3,449,700	12,750,300	16,200,000
282305902409	2009	2010	2128	3,449,700	12,800,300	16,250,000	0	3,449,700	12,800,300	16,250,000
282305902409	2008	2009	2128	2,156,000	17,644,000	19,800,000	0	2,156,000	17,644,000	19,800,000
282305902409	2007	2008	4250	1,940,400	10,444,600	12,385,000	0	1,940,400	10,444,600	12,385,000
282305902409	2006	2007	4250	1,846,000	10,539,000	12,385,000	0	1,846,000	10,539,000	12,385,000
282305902409	2005	2006	4250	1,780,000	9,098,000	10,878,000	0	1,780,000	9,098,000	10,878,000
282305902409	2004	2005	4250	1,724,800	8,199,200	9,924,000	0	1,724,800	8,199,200	9,924,000
282305902409	2003	2004	4250	1,724,800	8,199,200	9,924,000	0	1,724,800	8,199,200	9,924,000
282305902409	2002	2003	4250	1,724,800	8,190,200	9,915,000	0	1,724,800	8,190,200	9,915,000
282305902409	2001	2002	4250	1,724,800	8,190,200	9,915,000	0	1,724,800	8,190,200	9,915,000
282305902409	2000	2001	4250	1,724,800	6,088,200	7,813,000	0	1,724,800	6,088,200	7,813,000
282305902409	1999	2000	4250	1,724,800	5,461,100	7,185,900	0	1,724,800	5,461,100	7,185,900
282305902409	1998	1999	4250	1,078,000	6,107,900	7,185,900	0	1,078,000	6,107,900	7,185,900
282305902409	1997	1998	4250	0	0	0	0	319,500	5,327,000	5,646,500
282305902409	1996	1997	4250	0	0	0	0	319,500	5,327,000	5,646,500
282305902409	1995	1996	4250	0	0	0	0	319,500	5,327,000	5,646,500
282305902409	1994	1995	4250	0	0	0	0	319,500	5,327,000	5,646,500
282305902409	1993	1994	4250	0	0	0	0	319,500	6,667,000	6,986,500
282305902409	1992	1993	4250	0	0	0	0	319,500	6,667,000	6,986,500
282305902409	1990	1991	4250	0	0	0	0	319,500	6,208,600	6,528,100
282305902409	1989	1990	4250	0	0	0	0	319,500	5,665,300	5,984,800
282305902409	1988	1989	4250	0	0	0	0	319,500	5,665,300	5,984,800
282305902409	1986	1987	4250	0	0	0	0	46,200	5,938,600	5,984,800
282305902409	1985	1986	4250	0	0	0	0	49,000	6,290,900	6,339,900
282305902409	1984	1985	4250	0	0	0	0	49,000	10,400	59,400
282305902409	1982	1983	4250	0	0	0	0	20,000	10,400	30,400

SALES HISTORY

Excise Number	Recording Number	Document Date	Sale Price	Seller Name	Buyer Name	Instrument	Sale Reason
2967526	20181221001243	12/19/2018	$87,150,000.00	FAIRFIELD GRAMMERCY LLC	BMF IV WA GRAMMERCY LLC	Special Warranty Deed	None
2807176	20160705001098	6/30/2016	$61,175,000.00	FPA4 GLEN AT EMERALD LLC	FAIRFIELD GRAMMERCY LLC	Statutory Warranty Deed	None
2672943	20140611001625	6/11/2014	$41,500,000.00	PASSCO MADISON H LLC+MADISON TIC 1 LLC+MADISON TIC 2 LLC+MADISON TIC 3 LLC+MADISON TIC 4 LLC	FPA4 GLEN AT EMERALD LLC	Special Warranty Deed	None
2356011		7/18/2008	$5,812,268.00	PASSCO MADISON S LLC	MADISON TIC 5 LLC	Special Warranty Deed	None
2352570	20080627001107	6/26/2008	$5,796,837.00	PASSCO MADISON S LLC	MADISON TIC 4 LLC+PASSCO MADISON H LLC	Special Warranty Deed	None
2349536	20080606001563	6/3/2008	$3,405,063.00	PASSCO MADISON S LLC	MADISON TIC 1 LLC+MADISON TIC 2 LLC+MADISON TIC 3 LLC	Special Warranty Deed	None
2336734	20080313000948	2/25/2008	$42,896,500.00	MADISON AT FAIRWOOD LLC	PASSCO MADISON H LLC+PASSCO MADISON S LLC	Special Warranty Deed	None
2258353	20061229000962	12/27/2006	$33,460,000.00	GRANITE MADISON APARTMENTS LLC	MADISON AT FAIRWOOD LLC	Statutory Warranty Deed	None
1814953	20010430003227	4/30/2001	$24,252,260.00	N/A BELMONT-53 & N/A FOXWOOD-54	GRANITE MADISON APARTMENTS LLC	Special Warranty Deed	None
1560075	199708081017	8/7/1997	$6,737,400.00	FOXWOOD PARTNERS%THE BALCOR CO	N/A FOXWOOD-54%NEVINS/ADAMS PROP	Special Warranty Deed	Other

REVIEW HISTORY

Tax Year	Review Number	Review Type	Appealed Value	Hearing Date	Settlement Value	Decision	Status
2014	1303758	Local Appeal	$18,198,000	8/13/2014	$18,198,000	SUSTAIN	Completed
2013	86090	State Appeal	$17,100,000	6/3/2015	$17,100,000	SUSTAIN	Completed
2013	1204533	Local Appeal	$17,100,000	10/23/2013	$17,100,000	SUSTAIN	Completed
2012	82702	State Appeal	$17,100,000	7/17/2013	$16,380,000	STIPULATED	Completed
2012	1105049	Local Appeal	$17,100,000	9/5/2012	$17,100,000	SUSTAIN	Completed
2011	81128	State Appeal	$16,507,000	7/17/2013	$16,200,000	STIPULATED	Completed
2011	1003902	Local Appeal	$16,507,000	3/14/2012	$16,507,000	SUSTAIN	Completed
2010	77538	State Appeal	$17,820,000	7/17/2013	$0	WITHDRAWN	Completed
2010	0907264	Local Appeal	$17,820,000	4/6/2011	$16,250,000	REVISE	Completed
2004	0306143	Local Appeal	$10,864,000	1/21/2004	$9,924,000	REVISE	Completed
2003	0206708	Local Appeal	$9,915,000	1/21/2004	$9,915,000	SUSTAIN	Completed
1997	9601056	Local Appeal	$6,986,500	1/1/1900	$0		Completed
1995	9401214	Local Appeal	$6,986,500	4/6/1995	$6,986,500	SUSTAIN	Completed
1995	47726	State Appeal	$6,986,500	12/10/1996	$5,646,500	REVISE, ASSESSOR RECOMMENDED	Completed
1993	9215377	Local Appeal	$7,342,600	4/5/1994	$6,986,500	REVISE	Completed
1991	9001512	Local Appeal	$6,528,100	1/1/1900	$0		Completed
1990	8900795	Local Appeal	$5,984,800	4/9/1990	$5,406,800	REVISE	Completed

PERMIT HISTORY

Permit Number	Permit Description	Type	Issue Date	Permit Value	Issuing Jurisdiction	Reviewed Date
E22002610	replace main breaker on bldg b house panel,		5/18/2022	$800	RENTON	8/2/2022
M20003528	Installation of Mitsubishi ductless system in clubhouse.,	Other	8/10/2020	$10,000	RENTON	8/12/2021
E20002968	Bldg L - Replaced Fire alarm Panel,		7/13/2020	$2,000	RENTON	8/12/2021
B20001852	GRAMMERCY APTS-DEMO EXISTING SPA TUB IN OLD MAINTENANCE BUILDING TO BE CONVERTED TO STORAGE,	Demolition	6/24/2020	$2,500	RENTON	8/4/2020
E20002510	(1) Added/Altered Circuit,		6/16/2020	$1,000	RENTON	8/4/2020
E20001755	Telecommunications work/wireless installation.,		4/28/2020	$200	RENTON	7/8/2020
B19005538	INSTALL FIRE PIT AND BBQ ISLAND. REMOVE OLD SPA FROM POOL AREA,	Remodel	10/31/2019	$100,000	RENTON	7/8/2020
E19005777	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		10/25/2019	$3,200	RENTON	7/8/2020
E19005733	A (Multifamily Residential Alteration) project installing (Panel). Additional Info (). Work Site Location (),		10/24/2019	$3,400	RENTON	7/8/2020
P19005517	A (Multifamily Residential Alteration) project installing (Floor Drain). Additional Info (). Work Site Location (),		10/14/2019	$100	RENTON	7/8/2020
E19005381	retro fitting lighting 5 altered circuits A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		10/9/2019	$4,000	RENTON	8/4/2020
E19005028	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		9/17/2019	$3,300	RENTON	7/8/2020
M19005007	A (Multifamily Residential Alteration) project installing (Gas Piping Outlets - Mech; Work Description/Location (example: 1st floor Master Bath Garage)). Additional Info (). Work Site Location (),	Other	9/16/2019	$6,400	RENTON	7/8/2020
E19003191	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		6/13/2019	$1,500	RENTON	7/8/2020
E19003072	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		6/7/2019	$1,500	RENTON	7/8/2020
E19003071	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		6/7/2019	$1,500	RENTON	7/8/2020
E19003070	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		6/7/2019	$1,500	RENTON	7/8/2020
E19003069	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		6/7/2019	$1,500	RENTON	8/4/2020
E19002913	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		5/31/2019	$1,500	RENTON	7/8/2020
E19002912	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		5/31/2019	$1,500	RENTON	7/8/2020
E19002621	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		5/17/2019	$1,500	RENTON	7/8/2020
E19002620	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		5/17/2019	$1,500	RENTON	7/8/2020
E19002619	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		5/17/2019	$1,500	RENTON	8/4/2020
E19002618	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		5/17/2019	$1,500	RENTON	7/8/2020
E19002594	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (). Work Site Location (),		5/16/2019	$1,800	RENTON	7/8/2020
B19001507	REROOF OF RECREATION BUILDING - COMPLETE TEAR OFF AND REPLACEMENT WITH ASPHALT SHINGLE.,	Remodel	3/29/2019	$11,000	RENTON	7/8/2020
B19001499	REROOF OF 18 UNIT MULTIFAMILY BUILDING (BLDG L) - COMPLETE TEAR OFF AND REPLACEMENT WITH ASPHALT SHINGLE.,	Remodel	3/29/2019	$15,000	RENTON	7/8/2020
B19001498	REROOF OF 18 UNIT MULTIFAMILY BUILDING (BLDG K) - COMPLETE TEAR OFF AND REPLACEMENT WITH ASPHALT SHINGLE.,	Remodel	3/29/2019	$21,500	RENTON	7/8/2020
B19001497	REROOF OF 12 UNIT MULTIFAMILY BUILDING (BLDG J) - COMPLETE TEAR OFF AND REPLACEMENT WITH ASPHALT SHINGLE.,	Remodel	3/29/2019	$16,000	RENTON	7/8/2020
B19001496	REROOF OF 12 UNIT MULTIFAMILY BUILDING (BLDG I) - COMPLETE TEAR OFF AND REPLACEMENT WITH ASPHALT SHINGLE.,	Remodel	3/29/2019	$16,000	RENTON	7/8/2020
B19001495	REROOF OF 12 UNIT MULTIFAMILY BUILDING (BLDG H) - COMPLETE TEAR OFF AND REPLACEMENT WITH ASPHALT SHINGLE.,	Remodel	3/29/2019	$16,000	RENTON	7/8/2020
B19001494	REROOF OF 18 UNIT MULTIFAMILY BUILDING (BLDG F) - COMPLETE TEAR OFF AND REPLACEMENT WITH ASPHALT SHINGLE.,	Remodel	3/29/2019	$16,000	RENTON	7/8/2020
E17002114	A (Multifamily Residential Alteration) project installing (Security system). Additional Info (). Work Site Location (),		5/11/2017	$102	RENTON	7/8/2020
E16000912	A (Multifamily Residential Alteration) project installing (Adding or Altering Branch Circuits). Additional Info (Add additional spot lights for non-illuminated sign fronts). Work Site Location (2nd main entrance and by main office),		2/23/2016	$500	RENTON	7/8/2020
B15008914	CRUSH, DRAIN AND FILL A GRAMMERCY APARTMENTS POOL,	Demolition	12/31/2015	$0	RENTON	7/8/2020
E15000445	GRAMERCY PARK APARTMENTS CLUBHOUSE - FIXTURE CHANGEOUTS OF TWELVE (12) FIXTURES; EXTENTING THREE (3) OUTLETS,		1/30/2015	$1,500	RENTON	7/8/2020
B080420	Remodel leasing office - Madison at Fairwood.	Remodel	10/6/2008	$175,000	RENTON	7/28/2009

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Reference Links:

King County Tax Links
Property Tax Advisor
Washington State Department of Revenue (External link)
Washington State Board of Tax Appeals (External link)
Board of Appeals/Equalization
Districts Report
iMap
Recorder's Office

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King County Department of Assessments

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