Taxes
- Assessed Value: $59,691,000
- Assessed Year: 2025
- Assessed County: King
- APN: 198320-0325
- Assessed Land Value: 25857100
- Market Land Value: 25857100
- Tax Amount: 597785.2
- Tax Year: 2026
- Market Value: 59691000
- Market Year: 2025
1041 Mercer St; Seattle, WA Property Details
Off market
551 Boren Ave N Seattle, WA 98109
$59,691,000 Estimated Value
438,093 SqFt
Property Type
Commercial OfficeProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 2010
- Purchase Price: $177,769,223
- APN: 198320-0325
- Situs County: King
- Length Of Ownership: 13 years, 8 months
Structure
- Building Style: Concrete
- Stories: 5
- Building Quality: A
- Sewer Type: Municipal
- Water Source: Municipal
Measurements
- Total: 438,093/SqFt
- Lot: 27,218/SqFt
- Gross: 438,093/SqFt
- Garage: 150,726/SqFt
- Building: 166,961/SqFt
- Price Per Square Foot: $405.78
Legal Description
- Description: DENNYS DT 1ST ADD LOT 1 LESS POR FOR MERCER ST TGW LOTS 2-3-4 LESS POR FOR ALLEY PER DEED REC #20090630000100 TGW POR VAC ALLEY ADJ PER SEA ORDINANCE #124086
Building Insights
Land Information
- Property Type: Commercial Office
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Seattle Public Schools
- Lat / Lon: 47.624126 / -122.33609
- Subdivision: Dennys D T 1st Add
- Property Class: Office
- Zoning: SM-SLU 175
- County Use Code: 106
Amenities
- Plus Four: 5675
- Cooling: Central
- Garage: Garage
- Heating: Yes
Ownership Info
551 Boren Ave N has no associated ownership info
551 Boren Ave N has no associated ownership info.
Taxes
551 Boren Ave N has 10 associated Taxes items
1041 Mercer St, Seattle, WA pays taxes in King County, WA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $59,691,000. The APN we've located for 1041 Mercer St is 198320-0325.
Unlock the full reportTax History
551 Boren Ave N has 14 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2026 | Assessed Value | Land Value | Improvement Value | Tax Amount $597,785.19 | Change Rate | Assessed CR | Tax Rate |
| Year 2025 | Assessed Value $59,691,000 | Land Value $25,857,100 | Improvement Value $33,833,900 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $65,486,000 | Land Value $25,857,100 | Improvement Value $39,628,900 | Tax Amount $1,117,024 | Change Rate -0.020163% | Assessed CR | Tax Rate +0.017057% |
| Year 2023 | Assessed Value $122,787,000 | Land Value $25,857,100 | Improvement Value $96,929,900 | Tax Amount $1,140,010.25 | Change Rate -0.087784% | Assessed CR | Tax Rate +0.009284% |
| Year 2022 | Assessed Value $139,781,000 | Land Value $21,093,900 | Improvement Value $118,687,100 | Tax Amount $1,249,714.88 | Change Rate -0.078821% | Assessed CR | Tax Rate +0.008941% |
| Year 2021 | Assessed Value $140,990,000 | Land Value $21,093,900 | Improvement Value $119,896,100 | Tax Amount $1,356,646.88 | Change Rate +0.009816% | Assessed CR | Tax Rate +0.009622% |
| Year 2020 | Assessed Value $145,214,000 | Land Value $21,093,900 | Improvement Value $124,120,100 | Tax Amount $1,343,459.88 | Change Rate +0.164327% | Assessed CR | Tax Rate +0.009252% |
| Year 2019 | Assessed Value | Land Value | Improvement Value | Tax Amount $1,153,851.38 | Change Rate -0.142485% | Assessed CR | Tax Rate |
| Year 2018 | Assessed Value $138,793,000 | Land Value $18,780,400 | Improvement Value $120,012,600 | Tax Amount $1,345,576 | Change Rate | Assessed CR | Tax Rate +0.009695% |
| Year 2017 | Assessed Value $140,335,000 | Land Value $15,650,300 | Improvement Value $124,684,700 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2016 | Assessed Value $123,024,000 | Land Value $11,703,700 | Improvement Value $111,320,300 | Tax Amount $1,179,414 | Change Rate +0.040892% | Assessed CR | Tax Rate +0.009587% |
| Year 2015 | Assessed Value $124,013,000 | Land Value $10,206,700 | Improvement Value $113,806,300 | Tax Amount $1,133,080.62 | Change Rate | Assessed CR | Tax Rate +0.009137% |
| Year 2014 | Assessed Value $121,877,000 | Land Value $10,206,700 | Improvement Value $111,670,300 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2013 | Assessed Value $124,797,000 | Land Value $4,627,000 | Improvement Value $120,170,000 | Tax Amount | Change Rate | Assessed CR | Tax Rate |