1011 E Terrace St, Seattle, WA 98122 Property Records

King County property record for 1011 E Terrace St, Seattle, WA 98122

Property Summary

Property TypeApartments (5+ Units)
Details64,083 sqft · built 1999
Lot Size0.661 acres (28,800 sqft)
OwnerCompany Name on File
Last Sale$34,850,000 (Sep 2021)
Tax Bill$271,213 (2026)
Deeds & MortgagesOct 2026 Mortgage
Sep 2021 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN219760-0460

Property Details

APN / Parcel Number

Primary APN219760-0460
Alternative APN
  • 219760046009

Interior

Units93 Units
Stories5 Stories
Building Area64,083 sqft Adjusted Area
Gross Area120,878 sqft
ElevatorElevator

Exterior

Year BuiltBuilt 1999
Effective Year BuiltEffective 2010
Architectural StyleCustom Design
Construction TypeWood
Lot Area28,800 sqft (0.661 acres)
View / LotMountain
Garage Area43,976 sqft
Parking Spaces138 Parking Spaces

Utilities, Heating & Cooling

Cooling SystemCentral
Heating FuelElectric
SewerMunicipal
Water SourceCommercial

Location & Zoning

Account Number219760046009
Street Address1011 E TERRACE ST
CitySEATTLE
StateWA
Zip98122-7406
Property CategoryResidential
Property TypeResidential > Multi-Unit > Apartments (5+ Units)
Local Zoning CodeMR (M)
Legal DescriptionEASTERN ADD
Legal Range04
Legal Township25
Legal Section32
Legal SubdivisionEASTERN ADD
Legal Block10
Legal Lot Number5-8
JurisdictionKING WA
Township / Civil DivisionSEATTLE
Census Block Group4
Census Block4004
Census Tract8600

Owner

1011 E Terrace St, a residential property, is owned by a company that bought it in September 2021.

Source: King County records, as of July 7, 2026

Owner of RecordCompany Name on File
Mailing Address1011 E TERRACE ST, SEATTLE, WA 98122-7406
Owner TypeCompany
VestingLimited Liability Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Oct 15, 2026Deed of Trust, Mortgage · Conventional Mortgage
LINCOLN NATIONAL LIFE INSURANCE
Sep 13, 2021Special Warranty Deed, Transfer · Commercial Mortgage
GIM COMMERCIAL MORTGAEG LOAN FUND L

Assessor's Deed Record

Deed NamesName on Deed
Last SaleSep 13, 2021 · Amount on File
Deed SaleSep 13, 2021 · Amount on File
Prior SaleMar 1, 2013 · Amount on File
Deed Document Number20211655
Prior Transfer DateFeb 16, 2006
Prior Transfer Doc0000001471
Record UpdatedOct 29, 2026

October 2026: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionKING WA
Recording DateOct 15, 2026
Property Address1011 E TERRACE ST, SEATTLE, WA 98122-7406
Document Number0000000546
Instrument DateOct 15, 2026
Instrument20261015546
Transaction TypeMortgage
Record UpdatedOct 23, 2026
Title CompanyFIRST AMERICAN TITLE INSURAN C, FIRST AMERICAN TITLE INSURAN

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipLimited Liability Partnership, 266
Address15 LAKE BELLEVUE DR, 200, BELLEVUE, WA 98005-2485

Mortgage

Document Number0000000546,
DateOct 15, 2026
Instrument20261015546
Lender
NameLINCOLN NATIONAL LIFE INSURANCE
Agreement
TypeConventional Mortgage
AmountAmount on Record
Interest
Max Rate-1%

September 2021: Special Warranty Deed, Transfer

Document TypeSpecial Warranty Deed
JurisdictionKING WA
Recording DateSep 13, 2021
Property Address1011 E TERRACE ST, SEATTLE, WA 98122-7406
Document Number0000001655
Map ReferenceVOL 1 PG 43
Instrument DateSep 9, 2021
Instrument20210913001655
Transaction TypeTransfer
Record UpdatedDec 22, 2023
Title CompanyCHICAGO TITLE NCS

Transaction

AmountAmount on Record
Loan-to-Value (LTV)LTV on Record
Tax$0.00
Amount AccuracyFull Amount Stated
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000001656
DateSep 13, 2021
Instrument20210913001656
Lender
NameGIM COMMERCIAL MORTGAEG LOAN FUND L
TypeNon-Lending Institution
Agreement
TypeCommercial Mortgage
AmountAmount on Record

Tax Assessment & Valuation

The 2026 property tax bill for 1011 E Terrace St was $271,213, up 12.6% from the year before.

Source: King County assessment roll, as of July 7, 2026

Property Jurisdictions

TypeName
StateWashington
CountyKing County
MunicipalitySeattle City
Unified School DistrictSeattle Public Schools (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$271,213.00 (+12.55%)
2025$240,963.00$26,695,000 (+4.57%) Land $11,520,000 Building $15,175,000$26,695,000 (+4.57%) Land $11,520,000 Building $15,175,000
2024$240,963.00$25,529,000 Land $11,520,000 Building $14,009,000$25,529,000 Land $11,520,000 Building $14,009,000
2022$288,586.00$34,875,000 Land $8,928,000 Building $25,947,000$34,875,000 Land $8,928,000 Building $25,947,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 1011 E Terrace St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective September 23, 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 1011 E Terrace St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemSEATTLE PUBLIC UTILITIES
serves 1,161,961 people · EPA ID WA5377050
Water SourceSurface water
Last State InspectionJul 2025
Lead2 ppb (2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 591 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable · Fiber in parts of the area
2,000 / 2,000
Astound Broadband
Cable · Fiber in parts of the area
1,500 / 50
Verizon
Fixed Wireless
1,000 / 75
AT&T
Fixed Wireless
100 / 20
T-Mobile
Fixed Wireless
100 / 20

May also be available: CenturyLink, Google Fiber.

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