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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
Parcel722780-1075
NameOLYMPIA HOTEL GROUP LLC & S
Site Address2715 SUNSET LN NE 98056
Geo Area 75-60
Spec Area 100-330
Property NameSUNSET TERRACE
JurisdictionRENTON
Levy Code2100
Property Type C
Plat Block / Building Number35
Plat Lot / Unit NumberPORTION
Quarter-Section-Township-Range NW-9 -23-5
Legal Description
CORRECTED PLAT OF RENTON HIGHLANDS NO 2 LOT "A" CITY OF RENTON LOT LINE ADJUSTMENT NO LUA 13-001114 RECORDING NO 20131002900011 (BEING A PORTION OF NW QTR NW QTR STR 09-23-05) PORTION TAXABLE PER RCW 84.14 MFTE (MULTIFAMILY TAX EXEMPTION) PROGRAM.
PLat Block: 35
Plat Lot: PORTION


LAND DATA
 
Highest & Best Use As If VacantMULTI-FAMILY DWELLING
Highest & Best Use As ImprovedPRESENT USE
Present UseApartment(Mixed Use)
Land SqFt25,406
Acres0.58
Percentage Unusable 
UnbuildableNO
Restrictive Size ShapeNO
ZoningCV
WaterWATER DISTRICT
Sewer/SepticPUBLIC
Road AccessPUBLIC
Parking
Street SurfacePAVED
Views Waterfront
Rainier
TerritorialAVERAGE
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 Description108-UNIT MIXED-USE APT BLDG
Number Of Buildings Aggregated1
Predominant UseAPARTMENT (300)
ShapeLong Rect or Irreg
Construction ClassWOOD FRAME
Building QualityAVERAGE
Stories6
Building Gross Sq Ft158,420
Building Net Sq Ft84,621
Year Built2023
Eff. Year2023
Percentage Complete100
Heating SystemELECTRIC WALL
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 APARTMENT (300) 510 102,93680,635
2 RETAIL STORE (353) 1101 3,9863,986
3 PARKING LEVELS (INTERMEDIATE/UNDER BUILDING) (577)112 total spaces38 51,4980

Accessory
Accessory TypePictureDescriptionQtyUnit Of MeasureSizeGradeEff Yr%ValueDate Valued
Pkg: Covrd, Sec res only96  AVERAGE    
Recreation Bldg fitness room1  (unknown)    
Pkg: Open, Unsec  4  (unknown)    
Apartment / Condo Complex Data 
Complex TypeMixed Res Apt and Cml Use Condo
Complex Description108 Res Units w/ cmml, parking
Value Distribution Method
# of Bldgs1
# of Stories6
# of Units108
Avg Unit Size747
Land Per Unit0
Project LocationAVERAGE
Project AppealAVERAGE
% With View25
Construction ClassWOOD FRAME
Building QualityAVERAGE
ConditionAverage
Year Built2023
Eff Year2023
% Complete100
ElevatorsY
Security SystemY
FirePlaceN
LaundryPRIVATE
KitchensN
# of Meals0
Founder's FeeN
Apt Conversion
Condo Land Type



Unit Breakdown
Unit TypeNumber of This TypeSq Ft# of Bedrooms# of Baths
Flat51,00722
Flat11,09022
Flat653411
Townhouse186511.5
Flat51,01122
Townhouse186111.5
Townhouse187812
Flat1069911
Flat1069611
Flat168111
Flat474411
Flat599922
Flat178911
Flat663911
Flat51,20622
Flat378611
Flat168411
Flat350911
Flat1045601
Flat552511
Flat480911
Townhouse182811.5
Flat11,05822
Flat1468211
Flat199212
Flat399222


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
72278010750320262027 2100914,600758,1001,672,7000914,600758,1001,672,700
72278010759420262027 2100029,322,30029,322,3000000EX
72278010750320252026 2100838,300881,6001,719,9000838,300881,6001,719,900
72278010759420252026 2100034,102,10034,102,1000000EX
72278010750320242025 2100812,900851,0001,663,9000812,900851,0001,663,900
72278010759420242025 2100032,918,10032,918,1000000EX
72278010750320232024 2100762,100848,1741,610,2740762,100848,1741,610,274
72278010759420232024 2100032,861,72632,861,7260000EX
72278010750320222023 2100736,7008,495,1849,231,8840736,7008,495,1849,231,884
72278010759420222023 21000000000
72278010750320212022 2100609,7001,960,9802,570,6801,960,980609,7001,960,9802,570,680
72278010750320202021 2100609,7000609,7000609,7000609,700
72278010750320192020 2100584,3000584,3000584,3000584,300
72278010750320182019 2100558,9000558,9000558,9000558,900
72278010750320172018 2100546,2000546,2000546,2000546,200
72278010750320162017 2100520,8000520,8000520,8000520,800
72278010750320152016 2100520,8000520,8000520,8000520,800
72278010750320142015 2100464,300407,200871,5000464,300407,200871,500
72278010750320132014 2100464,300407,200871,5000464,300407,200871,500
72278010750320122013 2100464,300125,200589,5000464,300125,200589,500

SALES HISTORY

Excise NumberRecording NumberDocument DateSale PriceSeller NameBuyer NameInstrumentSale Reason
3344912 20250828000316 8/18/2025 $0.00OLYMPIA HOTEL GROUP LLC (60%)+SUNSET LIVING LLC (30%)+SUNSET TERRACE LLC (10%)-AS TNTS-IN-CMN)ST RENTON LLCBargain and Sales DeedOther
3247363 20230727000527 7/25/2023 $44,000,000.00COLPITTS SUNSET LLC OLYMPIA HOTEL GROUP LLC +SUNSET LIVING LLC +ET AL Warranty DeedNone

REVIEW HISTORY


PERMIT HISTORY

Permit NumberPermit DescriptionTypeIssue DatePermit ValueIssuing JurisdictionReviewed Date
E24001424 Hook up electrical to existing sign circuit. NOTE: No plan review required based on description of work. Attachment was not reviewed for approval and is for reference only.,  3/19/2024$500RENTON8/26/2024
E24001353 Low Voltage - Data Network & Security System,  3/15/2024$10,000RENTON8/26/2024
E24001035 Install (2) T-stats & 2 controllers,  3/1/2024$500RENTON5/14/2025
UNIT 106 Vida Integrated Health - Sunset (Renton), Other1/8/2024$0RENTON5/2/2024
S23005585 VIDA INTEGRATED HEALTH- INSTALL (1) 2 SQ FT ILLUMINATED WALL SIGN AND (2) ILLUMINATED 17 & 63 SQ FT AWNING/CANOPY SIGNS,  1/4/2024$30,000RENTON5/2/2024
E23006150 Electrical TI wiring to code for multidisciplinary clinic.,  1/3/2024$50,000RENTON5/14/2025
UNIT 106 VIDA INTEGRATED HEALTH, Other11/1/2023$0RENTON5/2/2024
UNIT 106 VIDA INTEGRATED HEALTH, Other10/31/2023$0RENTON5/2/2024
P23005529 reconfigure plumbing system for TI restroom sink toilet breakroom sink. tie into existing waste and water. 20gal electric water heater with re-circ. pump,  10/31/2023$8,000RENTON5/2/2024
E23005487 FIRE ALARM TENANT IMPROVEMENT PER PLAN. INSTALL (15) SMOKE DETECTORS AND (17) OCCUPANT NOTIFICATION DEVICES. NOTE: No work shall be started without issuance of the required associated fire permit.,  10/30/2023$7,500RENTON5/2/2024
M23005453 T.I. space for Group-B medical care space. Heating/cooling via two ducted fan coil units. Ventilation via energy recovery ventilators. NOTE: No plan review required based on description of work. Attachment was not reviewed for approval and is for refOther10/26/2023$96,980RENTON5/2/2024
B23004353 VIDA INTEGRATED HEATLH 105/106 T.I.- TENANT IMPROVEMENT FOR A PHYSICAL THERAPY BUSINESS NO-STRUCTRUAL WALLS FINISHES AND RESTROOM., Remodel10/24/2023$250,000RENTON5/14/2025
E23005361 Relocation of existing service panel.,  10/20/2023$1,500RENTON5/2/2024
E23000192 Low Voltage Permit for Controls,  1/11/2023$2,500RENTON7/28/2023
E22006477 Street Lights,  12/15/2022$4,000RENTON7/28/2023
S22002007 SUNSET TERRACE APARTMENTS. TWO (2) ILLUMINATED WALL SIGNS - 31.5 SQ FT AND 31.5 SQ FT; 1 NON-ILLUMINATED 4.5 SQ FT,  8/18/2022$35,000RENTON7/28/2023
M22003121 Low Voltage Permit Installing 14 thermostat, Other6/15/2022$2,500RENTON7/28/2023
E22001837 Hooking 2 electrical signs to the existing power supplied by owner.,  4/11/2022$35,000RENTON7/28/2023
M21005721 Natural Gas piping for temporary heat for use during construction., Other12/3/2021$2,000RENTON7/28/2023
E21002384 Low voltage installation of ERRC distributed antenna system INSPECTOR: No plan review required based on description of work. Attachment was not reviewed for approval and is for reference only-Permit Team,  5/26/2021$24,900RENTON7/28/2023
P21001988 DCVA BACKFLOW INSTALLATION,  5/5/2021$1,623RENTON7/28/2023
E21001680 480V 400A Temp Service,  4/20/2021$2,500RENTON7/28/2023
E21001171 Temp Power - 480v Temp Power - 120/208v for trailers,  3/19/2021$2,500RENTON7/28/2023
M20004733 SUNSET TERRACE APARTMENTS 108 & PODIUM GARAGE. Mechanical work associated to mixed-use building permit #B16002230, Other2/12/2021$243,260RENTON7/28/2023
E20005014 Temp Power - 100A 480v,  10/29/2020$1,000RENTON7/28/2023
P20004730 Plumbing work associated to Building Permit #B16002230,  10/27/2020$1,525,000RENTON7/28/2023
E20004354 Electrical for mixed use apartment building. 2 Retail areas 108 living units,  10/7/2020$1,800,000RENTON7/28/2023
P20003689 Water is currently stubbed onto our property however we still have to install shoring. Work involves cutting back the stub off site to allow room for shoring installation. Work plan went over with Michael Sippo on 8/14/20.,  8/17/2020$1,200RENTON8/3/2022
B15001398 CONSTRUCT SHARED ACCESS ENTRY AT SUNSET TERRACE MIXED-USE BLDG TO ALLOW UNINTERRUPTED ACCESS TO RENTON HIGHLANDS LIBRARY. INCLUDES CONCRETE WALLS AND STEEL SHORING SYSTEM TO THE SHARED DRIVE LANE OF THE HIGHLANDS LIBRARY DURING CONSTRUCTION., Remodel4/3/2017$160,000RENTON8/8/2018
B15000379 DEMOLISH SUNSET TERRACE APARTMENT BUILDING, Demolition1/26/2015$0RENTON7/24/2015
B15000378 DEMOLISH SUNSET TERRACE APARTMENT BUILDING, Demolition1/26/2015$0RENTON7/24/2015

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Notice mailing date: 09/10/2026