5150 S Wallace St, Seattle, WA 98178 Property Records

King County property record for 5150 S Wallace St, Seattle, WA 98178

Property Summary

Property TypeResidential Vacant Land
Lot Size0.201 acres (8,772 sqft)
OwnerCompany Name on File
Last Sale$259,005 (May 2026)
Tax Bill$2,002 (2026)
Deeds & MortgagesMay 2026 Foreclosure
Dec 2021 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN126270-0030

Property Details

APN / Parcel Number

Primary APN126270-0030
Alternative APN
  • 126270003000

Exterior

Lot Area8,772 sqft (0.201 acres)

Utilities, Heating & Cooling

SewerMunicipal
Water SourceCommercial

Location & Zoning

Account Number126270003000
StateWA
Property CategoryResidential
Property TypeVacant Land > Residential
Local Zoning CodeNR1
Legal DescriptionBURR ADD LESS ST HWY PLAT BLOCK: 1 PLAT LOT: 3
Legal Range04
Legal Township23
Legal Section11
Legal SubdivisionBURR ADD
Legal Block1
Legal Lot Number3
JurisdictionKING WA
Township / Civil DivisionSEATTLE
Census Block Group3
Census Block3009
Census Tract11901

Owner

5150 S Wallace St, residential vacant land, is owned by a company that bought it in May 2026.

Source: King County records, as of October 19, 2026

Owner of RecordCompany Name on File
Mailing Address11250 KIRKLAND WAY, 100, KIRKLAND, WA 98033-3422
Owner TypeCompany
VestingLimited Liability Partnership

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
May 6, 2026Trustee's Deed, Foreclosure
NONE LISTED ON DOCUMENT
Dec 16, 2021Warranty Deed, Transfer · Stand-Alone First Mortgage
LEVEL CAPITAL LLC

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMay 6, 2026 · Amount on File
Deed SaleMay 6, 2026 · Amount on File
Prior SaleDec 16, 2021 · Amount on File
Deed Document Number2026362
Prior Transfer DateMay 1, 2026
Prior Transfer Doc0000000362
Record UpdatedOct 29, 2026

May 2026: Trustee's Deed, Foreclosure

Document TypeTrustee's Deed
JurisdictionKING WA
Recording DateMay 6, 2026
Property AddressWA
Document Number0000000362
Instrument DateMay 1, 2026
Instrument2026362
Transaction TypeForeclosure
Record UpdatedAug 28, 2026
Title CompanyNONE LISTED ON DOCUMENT

Transaction

AmountAmount on Record
Tax$0.00
Amount AccuracyFull Amount Stated

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipLimited Liability Partnership
Address11250 KIRKLAND WAY, 100, KIRKLAND, WA 98033-3422

December 2021: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionKING WA
Recording DateDec 16, 2021
Property Address5150 S WALLACE ST, SEATTLE, WA 98178-2866
Document Number0000000057
Map ReferenceVOL 68 PG 31
Instrument DateDec 14, 2021
Instrument20211216000057
Transaction TypeTransfer
Record UpdatedJun 4, 2026
Title CompanyCW TITLE

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$1,525.00
Amount AccuracyFull Amount Stated
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address17837 1ST AVE S, NORMANDY PARK, WA 98148-1728

Mortgage

Document Number0000000058
DateDec 16, 2021
Instrument20211216000058
Lender
NameLEVEL CAPITAL LLC
TypeMortgage Company
Agreement
TypeStand-Alone First Mortgage
AmountAmount on Record

Tax Assessment & Valuation

The 2026 property tax bill for 5150 S Wallace St was $2,002, down 16.6% 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$2,002.00 (-16.58%)
2025$2,400.00 (-70.66%)$152,000 (-24.75%) Land $152,000$152,000 (-24.75%) Land $152,000
2024$8,179.00$202,000 Land $202,000$202,000 Land $202,000
2022$3,673.00$172,000 Land $172,000$172,000 Land $172,000

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

Flood

FEMA maps place 5150 S Wallace St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective September 23, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 5150 S Wallace 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 340 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 2,000
CenturyLink
Fiber
2,000 / 1,000
T-Mobile
Fixed Wireless
100 / 20

May also be available: AT&T, Verizon.

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