King County Department of Assessments

Setting values, serving the community, and promoting fairness and equity.

You're in: Assessor >> Look up Property Info >> eReal Property

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	788260-0083
Name	503 2ND LLC
Site Address	501 2ND AVE S 98003
Geo Area	85-65
Spec Area
Property Name	Magnolia at Moss Bay

Jurisdiction	KIRKLAND
Levy Code	1701
Property Type	C
Plat Block / Building Number
Plat Lot / Unit Number	8 & 9
Quarter-Section-Township-Range	NW-8 -25-5

Legal Description

SOUTH KIRKLAND ACREAGE TRS W 150 FT OF TR 8 & W 150 FT OF N 3 FT OF TR 9 LESS ST PER REC# 20210302001342
PLat Block:
Plat Lot: 8 & 9

LAND DATA

Click the camera to see more pictures.

Highest & Best Use As If Vacant	MULTI-FAMILY DWELLING
Highest & Best Use As Improved	PRESENT USE
Present Use	Townhouse Plat
Land SqFt	24,512
Acres	0.56

Percentage Unusable
Restrictive Size Shape	NO
Zoning	PLA 6D
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	YES
Native Growth Protection Easement	NO
DNR Lease	NO

Topography	YES
Traffic Noise
Airport Noise
Power Lines	NO
Other Nuisances	YES

Problems

Water Problems	NO
Transportation Concurrency	NO
Other Problems	NO

Environmental

BUILDING

Building Number

Building Description

Building 1

Number Of Buildings Aggregated

Predominant Use

MULTIPLE RESIDENCE (LOW RISE) (352)

Shape

Rect or Slight Irreg

Construction Class

WOOD FRAME

Building Quality

AVERAGE

Stories

Building Gross Sq Ft

7,002

Building Net Sq Ft

7,002

Year Built

2023

Eff. Year

2023

Percentage Complete

Heating System

HEAT PUMP

Sprinklers

Yes

Elevators

Click the camera to see more pictures.

Picture of Building 2
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 units	3	10		7,002	7,002

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 ($)
788260008305	2023	2024	1701	3,921,900	1,733,500	5,655,400	1,733,500	3,921,900	1,733,500	5,655,400
788260008305	2022	2023	1701	2,745,300	0	2,745,300	0	2,745,300	0	2,745,300
788260008305	2021	2022	1701	2,048,100	0	2,048,100	0	2,048,100	0	2,048,100
788260008305	2020	2021	1701	2,048,100	657,900	2,706,000	0	2,048,100	657,900	2,706,000
788260008305	2019	2020	1701	2,048,100	578,900	2,627,000	0	2,048,100	578,900	2,627,000
788260008305	2018	2019	1701	1,901,800	205,200	2,107,000	0	1,901,800	205,200	2,107,000
788260008305	2017	2018	1701	1,755,500	93,500	1,849,000	0	1,755,500	93,500	1,849,000
788260008305	2016	2017	1700	1,462,900	226,100	1,689,000	0	1,462,900	226,100	1,689,000
788260008305	2015	2016	1700	1,361,700	190,300	1,552,000	0	1,361,700	190,300	1,552,000
788260008305	2014	2015	1700	1,361,700	1,000	1,362,700	0	1,361,700	1,000	1,362,700
788260008305	2013	2014	1700	1,361,700	1,000	1,362,700	0	1,361,700	1,000	1,362,700
788260008305	2012	2013	1700	1,361,700	1,000	1,362,700	0	1,361,700	1,000	1,362,700
788260008305	2011	2012	1700	1,361,700	1,000	1,362,700	0	1,361,700	1,000	1,362,700
788260008305	2010	2011	1700	1,609,300	1,000	1,610,300	0	1,609,300	1,000	1,610,300
788260008305	2009	2010	1700	1,609,300	1,000	1,610,300	0	1,609,300	1,000	1,610,300
788260008305	2008	2009	1700	1,485,500	1,000	1,486,500	0	1,485,500	1,000	1,486,500
788260008305	2007	2008	1700	1,238,000	1,000	1,239,000	0	1,238,000	1,000	1,239,000
788260008305	2006	2007	1700	1,064,600	23,400	1,088,000	0	1,064,600	23,400	1,088,000
788260008305	2005	2006	1700	990,400	1,000	991,400	0	990,400	1,000	991,400
788260008305	2004	2005	1700	990,400	1,000	991,400	0	990,400	1,000	991,400
788260008305	2003	2004	1700	990,400	1,000	991,400	0	990,400	1,000	991,400
788260008305	2002	2003	1700	990,400	1,000	991,400	0	990,400	1,000	991,400
788260008305	2001	2002	1700	234,100	369,900	604,000	0	234,100	369,900	604,000
788260008305	2000	2001	1700	234,100	369,900	604,000	0	234,100	369,900	604,000
788260008305	1999	2000	1700	234,100	334,500	568,600	0	234,100	334,500	568,600
788260008305	1998	1999	1700	234,100	334,500	568,600	0	234,100	334,500	568,600
788260008305	1997	1998	1700	0	0	0	0	234,100	190,900	425,000
788260008305	1996	1997	1700	0	0	0	0	234,100	190,900	425,000
788260008305	1994	1995	1700	0	0	0	0	234,100	190,900	425,000
788260008305	1992	1993	1700	0	0	0	0	234,100	169,100	403,200
788260008305	1990	1991	1700	0	0	0	0	115,200	265,000	380,200
788260008305	1988	1989	1700	0	0	0	0	115,200	242,000	357,200
788260008305	1987	1988	1700	0	0	0	0	65,800	291,400	357,200
788260008305	1986	1987	1700	0	0	0	0	65,800	0	65,800
788260008305	1984	1985	1700	0	0	0	0	77,700	0	77,700
788260008305	1982	1983	1700	0	0	0	0	67,600	0	67,600

SALES HISTORY

Excise Number	Recording Number	Document Date	Sale Price	Seller Name	Buyer Name	Instrument	Sale Reason
3102388	20210302001342	1/6/2021	$0.00	503 2ND LLC	KIRKLAND CITY OF	Statutory Warranty Deed	Other
3026209	20191218001680	12/11/2019	$3,999,400.00	WALKER FAMILY REALTY LLC	503 2ND LLC	Statutory Warranty Deed	None
2794079	20160503001640	4/29/2016	$0.00	WALKER D BRUCE+CAROL A	WALKER FAMILY REALTY LLC	Statutory Warranty Deed	Other
1027760	198810200364	10/14/1988	$385,000.00	SUTHERLAND WALLACE+SANDRA	WALKER D BRUCE+CAROL A	Warranty Deed	None

REVIEW HISTORY

PERMIT HISTORY

Permit Number	Permit Description	Type	Issue Date	Permit Value	Issuing Jurisdiction	Reviewed Date
MMF22-06716	Magnolia - Bldg 4 (BMF20-06613): Install mechanical per plans,	Other	3/17/2023	$20,000	KIRKLAND
MMF22-07058	Magnolia - Bldg 2: Install HVAC mechanical per plan.,	Other	10/19/2022	$45,000	KIRKLAND
MMF22-06668	SHELTER-LINCOLN at Moss Bay (Bldg 3) (BMF20-06527): Install mechanical per plans,	Other	10/19/2022	$45,000	KIRKLAND
MMF22-05445	Magnolia Bld 1: Install mechanical equipment per plans (BMF20-05502),	Other	8/30/2022	$45,000	KIRKLAND
EMF22-05210	MAGNOLIA TOWNHOMES BLDG 4 UNITS A-C(BMF20-06613)- CONDUIT INSTALL, COVER, SERVICE, LOW VOLTAGE PH/TV/DATA,		8/19/2022	$50,000	KIRKLAND
EMF22-05209	MAGNOLIA TOWNHOMES BLDG 3 UNITS A-D (BMF20-06527)- CONDUIT INSTALL, COVER, SERVICE, LOW VOLTAGE (PHONES/TV/DATA),		8/19/2022	$50,000	KIRKLAND
EMF22-05208	MAGNOLIA TOWNHOMES BLDG 2 UNITS A-C(BMF20-05990)- CONDUIT INSTALL, COVER, SERVICE, LOW VOLTAGE PHONES/TV/DATA,		8/19/2022	$50,000	KIRKLAND
EMF22-05169	MAGNOLIA TOWNHOMES BLDG 1 (BMF20-05502)UNITS A-C: CONDUIT, COVER, SERVICE, LOW VOLTAGE PHONE/TV/DATA,		8/19/2022	$50,000	KIRKLAND
PMF22-03563	Shelter-Lincoln at Moss Bay (Bldg 2)(RE:BNF20-05990) AKA Magnolia Bay at Moss Bay- INSTALL PLUMBING SYSTEMS, PER PLAN. PLUMBING SYSTEMS TO INCLUDE: HOT/COLD DOMESTIC WATER SYSTEMS, SANITARY DRAINAGE AND VENT SYSTEMS, NEW PLUMBING FIXTURES, WATER HEAT		7/25/2022	$20,000	KIRKLAND
PMF22-03407	MAGNOLIA BLDG. 1 (BMF20-05502) AKA SHELTER-LINCOLN :INSTALL PLUMBING SYSTEM, PER PLAN. PLUMBING SYSTEMS TO INCLUDE: HOT/COLD DOMESTIC WATER SYSTEMS, SANITARY DRAINAGE AND VENT SYSTEMS, NEW PLUMBING FIXTURES, WATER HEATER AND FLOOR DRAINS.,		7/8/2022	$20,000	KIRKLAND
PMF22-03376	MAGNOLIA BLDG. 4 (BMF20-06613) AKA SHELTER-LINCOLN: INSTALL PLUMBING IN MAGNOLIA BLDG. 4, PER PLAN. PLUMBING SYSTEMS TO INCLUDE: HOT/COLD DOMESTIC WATER SYSTEMS, SANITARY DRAINAGE AND VENT SYSTEMS, NEW PLUMBING FIXTURES, WATER HEATER AND FLOOR DRAINS		7/8/2022	$20,000	KIRKLAND
BMF20-06613	SHELTER-LINCOLN AT MOSS BAY-BLDG. 4 Sprinklers Required (UNITS 10, 11, 12) - Construct a three unit (townhouse) structure.,	Building, New	11/30/2021	$850,000	KIRKLAND	8/30/2023
BMF20-05502	SHELTER-LINCOLN at Moss Bay (Bldg 1) Address 501 2nd Ave S A, B C): Construct a 3 unit, 3 story condominium, 3 bedroom, 3 1/2 baths, 2 car garage each unit (multifamily construction) (Re: BMF20-5990, DEM20-03870 & LSM20-04586),	Building, New	11/30/2021	$990,720	KIRKLAND	8/31/2023
BMF20-06527	SHELTER-LINCOLN at Moss Bay (Bldg 3) - Address 507 2nd Ave S: Construct a 3-unit (Units 7, 8, 9A & 9B) townhouse building,	Building, New	11/22/2021	$850,000	KIRKLAND	8/30/2023
BMF20-05990	Shelter-Lincoln at Moss Bay (Bldg 2) Address 503 2nd Ave S A, B, C):-Sprinklers Required- 3-Story, 3-Unit Multifamily Building w/2-Car Attached Garage and Rooftop Deck. (Re: BMF20-05502, DEM20-03870 & LSM20-04586),	Building, New	11/22/2021	$1,056,600	KIRKLAND	8/31/2023
DEM20-03870	Froton Demo: Demolish existing apartment building and carports,	Demolition	4/21/2021	$25,000	KIRKLAND	7/7/2021

HOME IMPROVEMENT EXEMPTION

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

Scanned images of surveys and other map documents

Scanned images of plats

Notice mailing date: 09/28/2023

King County Department of Assessments

Reference Links:

Information for...

Do more online

Get help

Information for...

Do more online

Get help