Property Details
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This charming property, located at 12042 40th Ave Northeast in Seattle, WA, is situated in the University Lake Shore neighborhood. The tax assessed value is $535,000, with $186,000 attributed to the value of improvements and $349,000 attributed to the land. Built in 1927, this residential property features 690 square feet of living space, including 2 bedrooms and 1 bathroom on the ground floor. The lot size is 4,121 square feet and includes a cozy fireplace as well as forced air heating. This property last sold for $106,000 and is a perfect home for those seeking a quaint and historic Seattle abode.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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