In a neighborhood where the average property is now worth $1 million, one of Capitol Hill’s newest listings is setting a highwater mark for real estate prices across the city.
ESCAPE THE ORDINARY ~ Noted Sam Hill Mansion commissioned in 1910. A peerless and creative collaboration of passion & brilliance. Located on one of Seattle’s most beautiful tree-lined streets in the stately Harvard-Belmont Historic Landmark District. Reminiscent of a true Manhattan Brownstone. Dramatic in form & contemporary in style, this sophisticated & chic residence frames unobstructed views of Lake Union, Olympic Mts & Puget Sound. Stunning rooftop terrace with two fireplaces & spa. Iconic!
We mentioned the one of a kind, 1910-built Seattle mansion neighboring St. Mark’s in this CHS architectural post in 2013:
Mr. Hill was a railroad executive and promoter of transportation of all kinds in the late 19th and early 20th century (Wikipedia has a nice entry). In the early 20th century, Mr. Hill decided to locate his Seattle residence at the northern edge of the Harvard-Belmont neighborhood. Edge indeed, as the difference between the street side of the house and that of its hillside side must be one of the most dramatic one could encounter in the neighborhood. The drama is best captured by the arc of the driveway, with its foundation forming a formidable wall, making the driveway above appear much larger and more important than it otherwise would. This view came as quite a surprise, as for years I have admired Mr. Hill’s house, but on its Highland Drive side.
The eclectic Hill also built his own stonehenge and the Peace Arch in Blaine.
The mansion has been owned by former Vulcan Capital executive David Capobianco and wife Rosangela Capobianco since they purchased the property in 2007 for $3,300,000.
The couple proceeded to plough another $3 million into the property including seismic renovation and a major overhaul:
If you’re on the fence about whether to make an offer, you’ll not only benefit from the Capobianco’s rosters of improvements to 100+ year old structure, but their investment in a National Register of Historic Places property qualified the parcel for a special assessment so at least you won’t have to pay any property taxes for a few more years as part of a King County preservation incentive program.
If the mansion sells, the deal would easily outpace the most expensive home sold last year on Capitol Hill — a $2,800,000 mansion at 1105 Boylston Ave E.
We asked Coldwell Banker Bain broker Terry Allen what kind of market there is for $15 million national landmark houses. “It’s like a New York brownstone but there is nothing like it in Seattle,” he said. “It will either resonate with you or it won’t.”
“One thing I’ve learned through the years is there is a buyer for everything,” Allen said.