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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
Parcel744950-0045
NameLU WALTER
Site Address1550 E OLIVE WAY 98102
Geo Area 25-41
Spec Area
Property Name1550-1560 E Olive Way / 410-420 E Denny Way
JurisdictionSEATTLE
Levy Code0010
Property Type C
Plat Block / Building NumberD
Plat Lot / Unit Number5 THRU 8
Quarter-Section-Township-Range SW-29-25-4
Legal Description
ROWES 2ND ADD TGW LOT 9 BLKB ROWES 1ST ADD LESS ST
PLat Block: D
Plat Lot: 5 THRU 8


LAND DATA
 
Highest & Best Use As If VacantRETAIL/WHOLESALE
Highest & Best Use As ImprovedPRESENT USE
Present UseRetail Store
Land SqFt15,150
Acres0.35
Percentage Unusable 
UnbuildableNO
Restrictive Size ShapeNO
ZoningNC3P-65
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 DescriptionFire Damaged Retail Building
Number Of Buildings Aggregated1
Predominant UseLINE RETAIL (860)
ShapeRect or Slight Irreg
Construction ClassMASONRY
Building QualityAVERAGE
Stories1
Building Gross Sq Ft18,360
Building Net Sq Ft17,143
Year Built1924
Eff. Year1924
Percentage Complete100
Heating SystemFORCED AIR UNIT
SprinklersNo
Elevators 
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
5 RETAIL STORE (353)Former Dog Lounge (420 E Denny Way)1141 7,1346,536
1 LINE RETAIL (860)1550-1560 E Olive Way1141 4,7994,396
3 PARKING STRUCTURE (345) 1141 4,0274,027
6 BASEMENT, STORAGE (708)Space below 1550 E Olive Way110B 1,2001,025
4 BASEMENT, RETAIL (709)410 E Denny Way19B 1,2001,159


 





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
74495000450020192020 00105,757,0001,0005,758,00005,757,0001,0005,758,000
74495000450020182019 00105,454,0001,0005,455,00005,454,0001,0005,455,000
74495000450020172018 00104,166,2001,0004,167,20004,166,2001,0004,167,200
74495000450020162017 00103,560,2001,0003,561,20003,560,2001,0003,561,200
74495000450020152016 00102,651,2001,0002,652,20002,651,2001,0002,652,200
74495000450020142015 00102,272,5001,0002,273,50002,272,5001,0002,273,500
74495000450020132014 00102,045,2001,0002,046,20002,045,2001,0002,046,200
74495000450020122013 00102,045,2001,0002,046,20002,045,2001,0002,046,200
74495000450020112012 00102,045,2001,0002,046,20002,045,2001,0002,046,200
74495000450020102011 00102,045,200101,7002,146,90002,045,200101,7002,146,900
74495000450020092010 00102,045,200169,2002,214,40002,045,200169,2002,214,400
74495000450020082009 00102,045,200169,2002,214,40002,045,200169,2002,214,400
74495000450020072008 00101,969,500244,9002,214,400243,9001,969,500244,9002,214,400
74495000450020062007 00101,515,0001,0001,516,00001,515,0001,0001,516,000
74495000450020052006 00101,439,2001,0001,440,20001,439,2001,0001,440,200
74495000450020042005 00101,136,2001,0001,137,20001,136,2001,0001,137,200
74495000450020032004 00101,060,5001,0001,061,50001,060,5001,0001,061,500
74495000450020022003 00101,060,5001,0001,061,50001,060,5001,0001,061,500
74495000450020012002 00101,060,5001,0001,061,50001,060,5001,0001,061,500
74495000450020002001 00101,060,5001,0001,061,50001,060,5001,0001,061,500
74495000450019992000 0010530,200306,800837,0000530,200306,800837,000
74495000450019981999 0010530,200306,800837,0000530,200306,800837,000
74495000450019971998 00100000530,200306,800837,000
74495000450019961997 00100000530,200535,0001,065,200
74495000450019941995 00100000530,200535,0001,065,200
74495000450019921993 00100000454,500610,5001,065,000
74495000450019911992 00100000409,000497,400906,400
74495000450019901991 00100000409,000497,400906,400
74495000450019891990 00100000378,700436,300815,000
74495000450019881989 00100000378,700436,300815,000
74495000450019861987 00100000378,700126,200504,900
74495000450019841985 00100000303,00030,000333,000
74495000450019831984 00100000303,00030,000333,000
74495000450019821983 00100000303,00021,500324,500

SALES HISTORY

Excise NumberRecording NumberDocument DateSale PriceSeller NameBuyer NameInstrumentSale Reason
980837 198712311406 12/30/1987 $1,040,000.00OLIVE & DENNY PROPERTIESLU WALTER WEN-TEH+KEIKOWarranty DeedNone

REVIEW HISTORY

Tax YearReview NumberReview TypeAppealed ValueHearing DateSettlement ValueDecisionStatus
20010005083Local Appeal$1,481,7001/1/1900$1,061,500REVISE, ASSESSOR RECOMMENDEDCompleted
19989702438Local Appeal$1,065,2001/1/1900$0 Completed
19939213534Local Appeal$1,065,0001/1/1900$1,065,000SUSTAINCompleted
19919010621Local Appeal$1,000,0001/1/1900$906,400REVISECompleted
19898803999Local Appeal$950,0001/1/1900$815,000REVISE, ASSESSOR RECOMMENDEDCompleted

PERMIT HISTORY

Permit NumberPermit DescriptionTypeIssue DatePermit ValueIssuing JurisdictionReviewed Date
6634371-CN Construct repairs due to fire damage to existing mixed use building per plan, Remodel5/17/2018$200,000SEATTLE8/13/2019
6249007 Tennant improvements to existing general retail sales & service space, change of use to restaurant Arabica, per plan.Remodel8/5/2010$14,000SEATTLE8/30/2011
6122223 Change use of west tenant space 1st floor from restaurant to pet day care center & occupy per plan.Remodel5/7/2007$245,044SEATTLE8/11/2009

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