Seattle Condo Authority Network • First Hill
65-unit First Hill mid-rise completed 2019. Modern condominium building in First Hill completed during Seattle's pre-pandemic construction peak.
Building Profile
| Building Name | Matae |
| Address | Data to be verified |
| Year Built | 2019 |
| Total Units | 65 |
| Stories | Data to be verified |
| Neighborhood | First Hill, Seattle, WA |
| HOA Fees | $500–$950/mo (est.) |
| Price Range | $475K–$1.4M+ |
| Rental Policy | Data to be verified |
| Building Type | Mid-Rise |
About This Building
Matae is a 65-unit condominium mid-rise in First Hill, completed in 2019. The building's 2019 completion places it among Seattle's most recently built condo developments, reflecting the pre-pandemic construction standards and design sensibilities of Seattle's late-2010s real estate peak.
First Hill is Seattle's medical and academic district, home to major hospital systems and positioned between Capitol Hill and Downtown Seattle. The neighborhood is served by the First Hill Streetcar connecting to Capitol Hill and the International District. For buyers who value proximity to Capitol Hill's amenities while preferring First Hill's quieter residential character, Matae represents a strong combination of recency and location.
As a 2019 completion, Matae benefits from contemporary construction materials and systems, modern energy efficiency standards, and the full warranty coverage period on major building systems. The building has approximately five years of HOA reserve accumulation and an ownership community that is still in its early development.
Jeff Reynolds maintains sales data and HOA financials for Matae within the Seattle Condo Authority Network. Address and stories count should be verified; contact Jeff for current listings and a full First Hill comparison.
Due Diligence
Key factors every buyer should evaluate before making an offer at Matae. Jeff Reynolds reviews these items as part of every buyer consultation for this building.
Matae was completed in 2019 and is approximately 6–7 years old. The reserve fund is in early accumulation. Verify the reserve study shows contributions are on track for 20–30 year capital needs—newer buildings are not always adequately funded from the start.
At $500–$950/mo, Matae’s HOA suggests a full-amenity or premium First Hill building. Verify what the fee covers: parking, storage, fitness, concierge, and reserve contributions. Confirm whether the fee is expected to be stable or has been adjusted since the initial delivery.
65 units provides solid HOA economies of scale and clears Fannie Mae thresholds for conventional financing. Verify current owner-occupancy ratios and rental cap status—newer buildings in First Hill can attract above-average rental interest from the healthcare professional market.
Matae’s 2019 construction reflects current building standards. Verify that all punch-list and warranty items from the initial delivery have been fully resolved and that building systems are operating as specified.
Buyer Fit
Matae attracts specific buyer profiles based on its building format, location, ownership structure, and price point. Here is who Jeff Reynolds most often works with at this building—and why.
Matae sits between new construction (Graystone, 2022) and mid-2000s vintage in First Hill. For buyers who want recent construction without paying for 2022 newness, 2019 is a competitive sweet spot.
First Hill’s medical district concentration makes it one of Seattle’s most employment-stable residential locations. Matae’s 2019 quality and First Hill address fit the profile of healthcare professional buyers well.
Jeff Reynolds advises buyers to verify rental cap availability before purchasing with investment intent at Matae. First Hill’s rental demand is strong, but rental cap percentages vary by building.
Market Data
Matae trades at the upper-middle range of First Hill pricing, reflecting its 2019 construction and full-amenity positioning. Per-square-foot values are above mid-2000s First Hill buildings with comparable unit sizes.
| Unit Type | Recent Sale Range | Est. $/sq ft | Notes |
|---|---|---|---|
| Studio | $430K–$550K | $520–$605 | 2019 vintage commands premium |
| 1-Bedroom | $550K–$760K | $520–$595 | First Hill professional market supports range |
| 2-Bedroom | $800K–$1.15M | $515–$585 | Modern finishes hold value well |
Pricing reflects Matae in First Hill (2019 vintage, 65 units). HOA estimated at $500–$950/mo. Contact Jeff Reynolds for current listings, verified HOA financials, and a personalized buyer analysis.
Knowledge Base
Before buying any Seattle condo, these guides answer the questions every buyer should resolve about HOA finances, financing eligibility, and closing requirements.
What condo HOA fees cover, how they're calculated, and what to look for in a building's fee structure.
How reserve funds work, what percent-funded means, and why the reserve study matters before you buy.
How rental caps, owner-occupancy ratios, and HOA delinquency rates affect your loan eligibility.
What the resale certificate contains, why it matters, and the key red flags buyers should watch for.
Explore More
Other condos in First Hill at a similar price tier, with links to full building profiles, buyer analysis, and current market data.
See all buildings: Browse all First Hill condo buildings →
Frequently Asked Questions
Matae is located in First Hill, Seattle. The exact address is to be verified. First Hill sits between Capitol Hill and Downtown Seattle, served by the First Hill Streetcar and within walking distance of Capitol Hill's restaurant and bar district. The neighborhood is home to major medical institutions.
Matae has 65 residences. The building was completed in 2019. Contact Jeff Reynolds for current unit availability, floor plan options, and recent comparable sales.
Matae was completed in 2019. As a recent pre-pandemic completion, the building benefits from contemporary construction standards and modern energy efficiency. Contact Jeff Reynolds for HOA reserve fund data.
HOA fees at Matae are estimated at $500–$950 per month depending on unit size. As a recently completed building, HOA fees reflect contemporary amenity operating costs and early-stage reserve accumulation. Contact Jeff Reynolds for verified current figures.
First Hill offers a quieter residential environment than Capitol Hill while remaining a short streetcar or walk away from Capitol Hill's restaurants and bars. The neighborhood's medical district employment base also creates strong rental demand. Jeff Reynolds can advise on First Hill's specific value proposition compared to Capitol Hill and Downtown.
Your First Hill Condo Specialist
Jeff Reynolds is Seattle's leading specialist in urban condominiums, with deep expertise in Matae and every building in the Seattle Condo Authority Network. If you're buying or selling at Matae, Jeff has the data, the relationships, and the track record to represent you.
Jeff tracks every sale at Matae, maintains HOA financial data, and knows which floor plans and view orientations hold value best. This depth of building-level knowledge is what separates a specialist from a generalist.
Jeff Reynolds • Seattle Condo Authority Network • jeff.reynolds@compass.com
Current listings, recent sales, HOA financials, and buyer strategy. No obligation.