99-Year Deal Advances Plans for Multi-Use Light Rail Complex

Gerdling plaza

Sound Transit recently agreed to sign Portland-based Gerding Edlen to a 99-year contract to develop the area around the Capitol Hill Transit Link Light rail station, according to Curbed Seattle. The area will be multi-use with a strong community-based approach, including apartment living, Broadway Farmers Market, daycare center, and other smaller businesses. A larger anchor store has yet to be determined.

A large appeal for the complex is easy access to popular areas of Seattle, due to the complex’s location over the new 8-story underground Capitol Hill Transit train station, which opened on March 19th, 2016, and is located at 140 Broadway East. In under 4 minutes, riders are able to reach the University of WA. During rush hour, trains leave the station every 6 minutes, and every 10-15 minutes during non-rush hours. Seattle Central Community College, Group Health Medical Center and other locations are also accessible.

Developer Gerding Edlen plans to move ahead with construction in spring of 2018 and potentially will be completed in late 2019.

The Gaffney House Hits the Market

1604 17th Ave Gaffney House-5The Gaffney House, facing east on the corner of 17th Avenue and Madison Street, has just been listed for sale by Ewing and Clark Inc. The current owner, Full Life Care, a not-for-profit organization, has owned and operated a memory care home out of the property for the last 12 years.

“For persons living with dementia,” says Nora Gibson, Full Life Care’s executive director, “our small-scale assisted living is a fantastic model. But the reality is it’s cost-prohibitive for us to continue at this location. We’ll invest the property’s equity into our other memory care home in Columbia City and our adult day health centers throughout King and Snohomish counties. We are committed to providing fiscally-sound solutions for the long-term care needs of our most vulnerable populations.”

1604 17th Ave Gaffney House-2Prior to the establishment of Gaffney House in 2004, the property had served many purposes. In the 20th century it had numerous incarnations: hospital, mental health facility, a venue for weddings and other large parties. At one point, it was even configured into a warren of non-profit arts organizations. Most recently, the stairwell was encased, a large elevator was added, and extra-large bedrooms were re-sized.

Gibson emphasizes that Gaffney House will continue to provide high quality of care during the sale. “We expect the process to take many months,” she says. “And our residents’ quality of life will always be our paramount concern. When the sale approaches, we’re committed to helping families make a smooth transition for their loved ones.”

“Our residents and their families have loved what we’ve accomplished at Gaffney House,” Gibson says. “And it is at a very special location in the heart of a mixed-use area. It’s even conveniently sandwiched between two incredible markets: Trader Joe’s and the Central Co-op. Like Gaffney House, I’m sure a new use will develop from the sale that will be of great benefit to the Capitol Hill community.”

1604 17th Ave Gaffney House-3The stately 1906 house was originally built for Caroline Kline Galland and was completely renovated in 1990 and again in 2003. The elegant and palatial property sits atop Capitol Hill, one of Seattle’s most dynamic & vibrant neighborhoods. The Gaffney House is equipped with handicapped and elevator access to all four floors, two full staircases, fire sprinklers, fire rated doors, & other life safety improvements and is currently approved for 16 residents, while operating as Full Life. This property provides a unique high profile investment opportunity in a NC365′ zone.

For more information about Full Life Care programs, contact Doug Harkness at 206.224.3757. To inquire about the sale, contact Ewing & Clark, Inc.: Tom Graff at 206.295.1445 or Jane Powers at 206.322.2840.

Just Listed: Classic Capitol Hill Craftsman

1150 17th Ave E-33

This lovely Craftsman sits on a coveted tree-lined Capitol Hill street, within easy walking distance of Volunteer Park, 15th and 19th Avenue shops and eateries, and both private and public schools, all in a surprisingly quiet setting. Well-manicured landscaping and a rocking chair front porch create an inviting street presence and feeling of “home.”

A formal entry welcomes guests to a circular and nicely flowing floor plan graced with original details including box beam & bead board ceilings, wainscoting, leaded windows, columns, and oak floors. The light-filled eat-in kitchen and adjoining family room have a romantic outlook to Capitol Hill’s canopy of trees with a Cascade Mountain backdrop. A large entertaining deck sits off the kitchen. The upper level has three large bedrooms, including a master with a three-quarter bath; an additional full bath; peek-a-boo views of Lake Washington; and east-facing deck.

The lower level works well for additional living, hobby, play space or easy guest quarters/mother-in-law suite with an additional bedroom, ¾ bath, full kitchen, and common area with French doors as a choice separate entrance. The private and fenced backyard has a level lawn surrounded by gardens and native plantings and access to the large storage area/shop that sits beneath the kitchen deck.

For more information about this home, or to learn more about Capitol Hill real estate, please contact the listing agent, Kristine Losh.

The Details

1150 17th Avenue East

Bedrooms: 4 | Bathrooms: 3 | Sq. Ft.: 2,950 | Year Built: 1904

Available for: $1,300,000

1150 17th Ave E-231150 17th Ave E-22 copy

1150 17th Ave E-31

Just Listed! Stunning North Capitol Hill Tudor

954 17th FrontJust listed, this North Capitol Hill home is lovely in so many ways. This stunningly updated and cared for Tudor sits on a pristinely landscaped corner lot, anchored by an 80+-year-old Atlas Cedar. This home checks every box: formal and sophisticated entertaining spots; beautiful and functional eat-in kitchen with attached family room; and chef’s kitchen fully equipped with stainless steel appliances and granite counter tops. This home features beautiful hardwood floors and leaded windows throughout; designer fabric window coverings; and Barbara Barry fixtures.

Hardwoods continue on the upper floor, and a full bath serves three comfortable bedrooms with generous closet space. It is easy to take respite in the master suite with its soft grey walls. A walk-in closet and full bath, adorned in Carrera marble and two pedestal sinks, in keeping with the homes era, complete this grown-up space.

The garden is serene and private. Landscaping by Beers-Withington, it is completely in touch with its environment; the native plantings designed to create a purposeful and tailored effect with a smidge of whimsy. There are three cedar decks: one directly off kitchen/family room for outdoor dining, one tucked privately along the side of the house to escape the heat and nap in a hammock, a third at the lawn’s edge to catch the last rays of sunlight.

For more information or to make an appointment to see this fabulous home, or to learn more about Capitol Hill real estate, please contact the listing agent: Kristine Losh.

The Details

Bedrooms: 4+ | Bathrooms: 4 | 4,050 sq. ft. | Year Built: 1928

Available for $2,100,000

   Bathroom    954 17th Living Room

KLosh954-17thAveE-71

Capitol Hill Real Estate: Steady as She Goes

Capitol Hill SeattleCapitol Hill Real Estate is pretty steady as compared to last year.  This July there was 51 sales, the average days on market for a Capitol Hill property was 35 days, and the average sales price was just over $500,000.  Comparing this to last July there was 57 sales, the average was 32 days on market, and the average sales price was slightly over $525,000.  All the numbers are very similar to the previous year.  For example, the above pictured North Capitol Hill home sold twice in the past year and half.  Both times the home sold for essentially the same price indicating the market has been relatively steady over that time.

Capitol Hill real estate market has a small sample size so the statistics have to be tempered because a few sales can make a huge difference.  Looking at both residential and condo sales in the Central Seattle real estate market (east of I-5 to the lake; south of the Montlake Cut to I-90) the number of sales increased (last July 146 sales vs 153 sales this July) but the average sales price decreased slightly from $650,977 to $644,454.

While numbers were gathered from the Northwest Multiple listing Service; Statistics not compiled or published by the Northwest Multiple Listing Service.

Feel free to contact me if you want a complimentary price opinion of your home:  Kristine Losh, Ewing & Clark Real Estate.