Capitol Hill – Real Estate Report November 2017

The Seattle real estate market remains one of the hottest markets in the nation! The weather may have cooled down but the market is still hot. The desirable neighborhood, Capitol Hill, has shown great growth since November 2016.

Sold by Ewing and Clark in May 2017

The median sales price for a home has gone up from $749,950 to $1,267,500. There was only one more sale than November 2016. The highest price for a home last month was $2,425,000 and the lowest was recorded as $735,000. The average sold price for a residential home in the Capitol Hill/North Capitol Hill area was $1,355,875.

Sold by Ewing and Clark in May 2017

Condominiums have also shown a jump in sales. There was 30 condos sold in the area last month, compared to 22 in November 2016. The median price for a condo in the Capitol Hill area was $527,500. The average sales price increased from $570,814 (11/16) to $699,767 (11/17).

There are currently 24 active listings and 24 pending.

 

Consider The School District When Buying

As you begin your home search, there are plenty of things you already know to factor in the decision: price, neighborhood attributes,  beds and baths, square footage, and proximity to work. But have you considered looking into which school districts are round the neighborhood you’re searching? In Seattle as we know many new homeowners aren’t planning on having children anytime soon or maybe not at all, but this doesn’t mean that you should cast the school district factor aside; even if you do not have children or do not plan to, the quality of education nearby can greatly affect how much you pay for your home, and how much you can expect to sell it for in the future. You’ll pay more for your home if it is within a good school district. Parents of school age children are always searching for high school ratings, and often will pay more to live in a zoned neighborhood within a highly rated district. A good school district can also protect you from the ups and downs of the real estate market; even in an unpredictable market, a home in a great school district will likely see nearby home values staying consistent or above the median. This will protect you when it comes time for the resale, and although there are no guarantees, you can rest assured parents will always be looking to move to the best neighborhoods with the top schools. For more information on Seattle real estate, please contact your local agent today.

Check out our “Neighborhood Schools” tab above for more information on the schools in the Capitol Hill neighborhood!

Medieval Meets Modern

The Anhalt Apartments historic exterior.   Photo: Anhalt Apartments

Have you wondered why there’s a mini castle at the corner of 16th and East John Street in Capitol Hill? Being such a young city compared to those located out east, Seattle doesn’t have as many historic apartment buildings. But two years ago, the Anhalt Apartments at this location won a Preserving Neighborhood Character award. This was due to the building, originally built in 1931, getting a complete overhaul while preserving certain aspects of its history. The exterior features of the brick building, such as the courtyard and turreted entryway, and interior public spaces such as the spiral staircase, maintain the original late medieval/English Tudor character and the building is on the National Register of Historic Places. The 24 apartment interiors themselves were revamped to now meet today’s modern style. Another new, thoroughly modern building was also built in the space behind the original building to house 15 more apartment dwellers, and includes limited underground parking. (Helpful when living in a high-density area.)

Historic stairwell in entryway. Photo: Anhalt Apartments

Over 80 years ago, Fred Anhalt, a previous butcher turned designer & builder, moved from Minnesota and built a number of these castle-like structures in Seattle before the big Great Depression hit. He had wanted his multi-family rental units to really feel like a home, so included aspects such as privacy and a sense of community, and great amenities such as fireplaces, soundproofing, hand-carved wood detail, even electric dishwashers—highly unusual back then. This Anhalt Apartment building was an example of his mature work, being the 2nd to last building he completed before the economic downturn ended his company. Seattle’s AIA (American Institute of Architects) chapter posthumously awarded Mr. Anhalt an honorary membership because of his excellent residential design. The Seattle Times also ranked him among the 150 most influential people in Seattle’s history.

Two of Anhalt Historic’s remodelled rooms. Photo: Anhalt Apartments

For 40 years, the Group Health company occupied the building after that, having completely gutted the interior for conversion into offices. Then the building sat vacant for 6 years until bought and converted back to 1-2 bedroom rentals during the renovation.

Exterior and interior of Anhalt Modern building, located behind Anhalt Historic.  Photo: Anhalt Apartments

So if you’ve wondered why there are people living in a castle in your neighborhood… well, now you know.

Anhalt Historic & Modern:
https://www.facebook.com/anhaltapartments/
http://anhaltapartments.com/

 

Capitol Hill Real Estate Report – July 2017

 

Past Sold Listing in Capitol Hill

Just like Seattle’s weather the real estate market in Capitol Hill continues to stay hot. There were 23 single-family homes sold last month and 38 condos. The average list price for a single-family home climbed from $975,595 (7/2016) to $1,052,900 (7/2017). The highest cost for a home jumped from $1,925,000 (2016) to $2,550,000 (2017), the lowest as also spiked from $500,000 to $645,000. There are currently 17 active listings and 24 pending.

Past Sold Listing in Capitol Hill

Condos have also shown growth in the Capitol Hill, Seattle area. The average list price for a condo in the Capitol Hill neighborhood has jumped from $432,094 in July of 2016 to $533,034 this past month (July 2017). The highest sold price was $3,050,000, $1.45 million more than July 2016. The median price for a condo has gone up from $392,000 to $510,000. There are currently 12 active listing and 34 pending.

 

Tips for Spring Sellers!

 

The flowers are starting to bud, and the sun is peaking through the clouds (on some days); Spring is in the air and For Sale signs are emerging around Seattle. How do you stay ahead of the game? As the housing market begins to heat up, sellers can take these extra steps to help stand out among the rest. At first glance, potential buyers are scrutinizing your property before they even step foot in the door, and having a clean entrance and yard can make a big difference for first impressions.  Adding a beautiful potted plant to the front porch, or staining the front deck could be relatively small projects that could add generous appeal to your home.

Staging your home is another great way to entice buyers to choose your home. Hiring professionals to arrange your home to appeal to a broad array of buyers could be the difference between a buyer choosing your home, or choosing one just down the street. Removing personal belongings helps buyers envision themselves living on the property- not you. Also remember to give your home a good cleaning before showings; a clean home feels bigger and more inviting.

For more information on Seattle real estate, contact your local real estate agent today.

Capitol Hill Station Development Update

12-06_openhouse

Photo by Brandon Marcz, The Capitol Hill Times

On December 6th, a community openhouse was held at 420 E. Pike Street to show ideas and preliminary design proposals for development around the Capitol Hill light rail station. Input from the general public was encouraged. Hosted by Capitol Hill Housing and Gerding Edlen, (the latter is developing the site), members of the design team were on-hand to answer questions.

There appear to a number of goals surrounding the development, mostly having to do with creating a centric, community-based environment which promotes easy accessibility, while incorporating affordable housing in the mix. There are four sites that will be developed around the transit station at 140 Broadway East on Capitol Hill, some with resident-friendly features, such as a daycare center. capitolhillstationsite

Here are a few of the ideas being proposed:

  • a blend of housing and retail, including potentially a restaurant
  • ground-floor daycare center, including an adjoining outside play area
  • large anchor retail store
  • twice-weekly, year-round farmers market on the plaza (adjacent to Cal Anderson Park)
  • great accessability and an easy walk to the transit station
  • 20-100% affordable housing, depending upon the building site, based on average median income
  • “festival street” that would close to vehicles during special events
  • rooftop deck
  • underground parking
  • library amenity on a 2nd floor
  • urban agriculture (they are currently looking for a farming partner)

The Capitol Hill Link Light Rail station links the University of WA to Downtown Seattle on a 3.15 mile-long line, and greatly reduces the normal car commute. The station is located on the surface as well as underground, and was newly opened this year. Construction around the station will begin in the spring of 2018 and last for 18 to 24 months.

North Capitol Hill Home New to the Market!

klosh1115-60

This quintessential North Capitol Hill Tudor sits privately above the street on coveted 22nd Avenue East, one of Seattle’s finest blocks. Generosity and flow of space are the key elements making this home both luxurious and functional.

The expansive but private front porch is a room of its own–a great spot for breakfast or an evening read. The large, sun-filled living room boasts classic Tudor-style details: original stained glass and leaded windows, beamed ceilings, and a wood burning fireplace framed by a substantial mantel and built-ins. Off the living room is a cozy study with a gas fireplace.

Perfect for entertaining, the spacious dining room is conveniently open to the living area, kitchen, and breakfast room. The chef’s kitchen is well equipped with a commercial range combo–6 burner gas cooktop, double oven, broiler, and griddle–plus ample counter and storage space, counter eating, and a cook’s desk. Just off the kitchen and breakfast room, a decked garden space is lush with mature shrubs, trees, and vines.

The 2nd level features the bright and spacious master suite with walk-in closet, finished sunporch, and full bath; two more bedrooms, one with in-suite bathroom; a stately office with gas fireplace; a 3rd full bath; and hall closet space.

The 3rd level is complete with two large bedrooms, both with a pair of built-in single beds; a full bathroom; craft/work room; large storage room; and another large closet. In keeping with this home’s spacious overall feel, the basement level hosts a sizeable recreation room warmed by a wood burning fireplace; a huge, open laundry area with laundry chute and closet; and, of course, plenty of additional storage space.

Nearby shops and restaurants, parks, excellent schools (both private and public), 10 minutes to downtown, this home meets all your needs and more. Make this your forever home.

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.

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.

North Capitol Hill Craftsman Home: $685,000

cap hill blog home

This lovely 4 bed, 2.25 bath North Capitol Hill Craftsman home is now available! Features of the home include beamed ceilings, oak flooring, wainscot paneling, large windows, cheerful garden, covered porch and an upper deck. The home is located in close proximity to shops, restaurants, Volunteer Park, schools and also a short distance to the University of Washington, downtown Seattle and freeway access. The home is currently leased through February 2015, if you are interested in this or other Capitol Hill neighborhood homes, contact your local real estate agent today!

Status: For Sale
Bed/Bath: 4/2.25
Price: $685,000