Enumclaw
REAL ESTATE
King County Purchases Historic Dexter Horton Building for $36M
CBRE has announced that King County purchased Seattle landmark Dexter Horton Building for $36.6 million. The purchase will save King County nearly $2 million per year in leasing costs. Located at 710 2nd Avenue, the Dexter Horton Building is 15 stories high and 335,000 square feet. King County’s Department of...
Most of Western Washington will see a rise in 2024 property values, but not everywhere
Home values across Western Washington are generally up for 2024, but how much depends on the community. Meanwhile, many office spaces and condos are showing a decline in value. "After dramatic fluctuations in the residential market during the Covid years, values have returned to a steady level of increase," King County Assessor John Wilson said in a statement. "The volatility now is in the commercial sector and among condominiums." RELATED: Seattle's surprising place for housing bargains — downtown Western Washington property owners will soon learn how much their values have gone up or down over the past year, as county assessors begin mailing out notices. This updated information is sent over each summer to determine upcoming taxes — 2024's property values will be used for 2025's tax bills (there are more than 720,000 property owners in King County alone).
King County Assessor: Residential values rise, while values of large office buildings fall in a mixed real estate market
The King County Assessor’s office has begun the annual process of mailing property valuation notices to taxpayers. Notices will be arriving soon. Preliminary indications show most residential areas will increase a little over 10% on average. Commercial properties are more mixed depending on property type. “After dramatic fluctuations in...
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