1516 17th Ave, Seattle, WA 98122

Commercial · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: garden apartments, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 1,256 reachable commercial buildings in Seattle. Larger than 39% of commercial buildings in Seattle (median 13,352 SF), derived from assessor records.

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Building size: 8,394 SF, King County Assessor
Lot size: 11,950 SF, King County Assessor
Year built: 1906, King County Assessor
Stories: 3, King County Assessor
Predominant use: Child Day-Care/Montessori, King County Assessor
Assessed value: $2,756,300, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $328.37/SF, derived from assessor records
Lot coverage: 70%, derived from assessor records
Vintage: pre-war vintage
Zoning: NC3-75 (M), King County
County use code: Group Home
Construction (observed): wood frame, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

1720 E Olive St, Seattle · 0.1 mi · 14,394 SF · built 2013 · assessed $531.47/SF
1732 16th Ave, Seattle · 0.1 mi · 10,950 SF · built 1902 · assessed $301.95/SF
1712 18th Ave, Seattle · 0.1 mi · 13,207 SF · built 1902 · assessed $234.85/SF
1721 15th Ave, Seattle · 0.1 mi · 3,180 SF · built 1900 · assessed $716.89/SF
1698 E Union St, Seattle · 0.2 mi · 57,811 SF · built 1940
1802 17th Ave, Seattle · 0.2 mi · 63,998 SF · built 1988 · assessed $277.96/SF

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Sale history and market context

MakeMe Estimate: $3,117,261 (estimated market value), with a likely range of $2,641,560 to $3,771,588 (half of recent verified sales in this segment landed inside that range). Based on 33 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2019-12-06 for $2,500,000 (recorded arm's-length sale).

Current ownership dates to 2019 (about 7 years) per recorded transfers.

2019-12-06: $2,500,000 from Private party to V I P Investment LLC, rec. 20191206001296

2001-05-15: $1,150,000 from Private party to Private party, rec. 20010515001756

1997-04-21: transfer from Madison Crossing LLC to Private party (non-market transfer), rec. 199710131066

1995-08-31: $465,000 from Madison Crossing LLC to Private party, rec. 199509051173

1995-06-26: $830,000 from Seattle Mental Health Institute INC to Madison Crossing LLC (part of a 2-parcel sale; price is the whole deal), rec. 199506301672

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $2,127,300 (2010) to $2,756,300 (2026), up 30% over 16 years, per county tax rolls. The 2026 roll splits $2,756,300 into $1,768,600 land and $987,700 improvements.

Zoning: NC3-75 (M) (per King County)

Lot: 11,950 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Classroom 8,394 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2023-11-17: Electrical, declared value $1,280 (Screened), permit 6996862-EL

2020-01-13: Remodel, declared value $570,000 (Complete), permit 6745329-CN

2003-09-17: Other, declared value $500,000 (Complete), permit 730627

2002-09-17: Remodel, declared value $500,000 (Complete), permit 730627

2001-11-06: Building, New, declared value $500,000 (Complete), permit 724440

Source: King County permit records (newest first).