Seattle Condo Authority Network • Capitol Hill
A Capitol Hill condominium community at 1414 12th Ave and 1408 12th Ave with 142 total residences: 100 condominiums and 42 loft units. Located in one of Seattle's most walkable and culturally vibrant neighborhoods.
Building Profile
| Building Name | Trace Condos and Lofts |
| Address | 1414 12th Ave, Seattle, WA 98122 |
| Year Built | 2014 |
| Total Units | 142 |
| Stories | Data to be verified |
| Neighborhood | Capitol Hill, Seattle, WA |
| HOA Fees | Data to be verified |
| Price Range | Data to be verified |
| Rental Policy | Data to be verified |
| Parking | Data to be verified |
| Pet Policy | Data to be verified |
About This Building
Trace Condos and Lofts is a 142-unit Capitol Hill condominium community consisting of two adjacent buildings: 1414 12th Ave (100 condominium units) and 1408 12th Ave (42 loft units). Together, these buildings form one of Capitol Hill's notable mid-2010s residential developments, offering both conventional condo floor plans and loft-style residences within a cohesive community.
The 12th Ave address positions Trace Condos and Lofts in the heart of Capitol Hill, Seattle's most walkable and culturally vibrant neighborhood. Residents are steps from the neighborhood's independent restaurants, coffee shops, music venues, and boutiques that define Capitol Hill's distinctive urban character. The Capitol Hill light rail station provides rapid transit access to Downtown, the University District, and Sea-Tac Airport.
The community's two building structure creates flexibility in unit type, with the condominiums at 1414 12th Ave offering more conventional residential layouts, while the lofts at 1408 12th Ave provide the dramatic ceiling heights and open floor plans that characterize Seattle's loft market. The combined 142-unit community supports a comprehensive HOA structure serving both buildings.
Jeff Reynolds is a Seattle condo specialist with expertise across all of the city's urban neighborhoods, including Capitol Hill's distinctive residential market. Jeff tracks sales at Trace Condos and Lofts across both addresses, and can provide current inventory, comparable sales data, HOA financial information, and a complete buyer due diligence package for this community.
Buyer Analysis
Trace Condos and Lofts is a 142-unit Capitol Hill building at 1414 12th Ave, built in 2014 and offering both standard condos and loft-style residences in the same building. The dual-format approach and Capitol Hill location create a distinctive offering. Jeff Reynolds's assessment covers the building's strengths, cautions, and key buyer questions.
Trace offers both traditional condo floor plans and loft-style units within the same building, which is uncommon in Seattle. Buyers who want the industrial aesthetic without fully committing to a historic Pioneer Square building find Trace a practical middle ground.
2014 construction delivers genuinely modern building systems at a meaningful discount to 2020–2024 new construction. Buyers get post-recession quality without paying new-construction prices.
12th Avenue is at the heart of Capitol Hill's residential grid, steps from the Pike/Pine corridor, Cal Anderson Park, and the Capitol Hill Link light rail station. The address is deeply embedded in the neighborhood, not adjacent to it.
Enough transaction volume across both unit types for reliable comparable sales data and well-anchored appraisals.
The loft and condo unit types within Trace price differently and appeal to different buyers. Ensure the specific unit type you are evaluating has appropriate comparable sales—loft pricing and condo pricing in the same building are not directly comparable.
At 11 years old, the reserve fund is still building toward full funding. Review current percent-funded status and the 10-year capital projection before committing.
What is the current reserve percent-funded level for the building? What major capital projects are in the 10-year plan?
Does the HOA restrict rentals? Confirm current cap availability if any investment or flexibility is part of your plan.
Advisory
Trace draws buyers who want Capitol Hill's urban energy in a building that combines modern construction with loft-format optionality. These profiles describe who fits the building.
Trace's 12th Avenue address puts residents at the center of Capitol Hill's daily life. Cal Anderson Park, Seattle's best independent coffee shops, Pike/Pine's restaurant corridor, and the light rail station are all within walking distance. Buyers who ranked neighborhood character as a top criterion consistently find Trace's location delivers it.
Buyers who want the open-plan loft aesthetic but are not prepared to engage with the capital complexity of a 1990 or 1893 historic building find Trace an appealing alternative. The 2014 loft units deliver the format in a building with modern systems and a known reserve history.
The Capitol Hill Link light rail station is a short walk from Trace. Buyers who want to eliminate or substantially reduce car ownership find Capitol Hill's transit access—connecting to Downtown, the University District, and Sea-Tac—one of Seattle's most practical arguments for the neighborhood.
Trace prices below equivalent 2020–2024 Capitol Hill construction while offering 2014 finishes and the dual condo/loft format. Buyers who prioritize the Capitol Hill address and modern quality over the newest construction consistently find Trace competitive on a value basis.
Market Data
Trace trades across two distinct pricing streams—standard condos and loft units—which require separate comparable sales analysis. The building's Capitol Hill position and 2014 vintage frame both ranges.
Standard condo format on Capitol Hill, 2014 vintage. Floor level and finish condition drive variation within the range.
Loft-format units at Trace. The open-plan format and higher ceilings typically command a premium over standard units of similar square footage.
The top of Trace's range across both formats. Larger floor plans and lofts with the strongest views or most distinctive architectural features.
Trace benefits from consistent resale activity across 142 units in two formats. Comparable sales require unit-type specificity—loft and standard condo comparables are tracked separately by experienced Capitol Hill agents. Contact Jeff Reynolds for current listings and recent closed sale data.
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 Capitol Hill at a similar price tier, with links to full building profiles, buyer analysis, and current market data.
See all buildings: Browse all Capitol Hill condo buildings →
Frequently Asked Questions
Trace Condos and Lofts is located at 1414 12th Ave and 1408 12th Ave, Seattle, WA 98122 in Capitol Hill. The community sits in the heart of Capitol Hill, within walking distance of the neighborhood's restaurants, cafes, music venues, and the Capitol Hill light rail station. Walk Score is among the highest in Seattle.
Trace Condos and Lofts has 142 total residential units across two adjacent buildings: 100 condominium units at 1414 12th Ave and 42 loft units at 1408 12th Ave. The two buildings operate as a single community with a shared HOA structure. Contact Jeff Reynolds for current inventory and recent comparable sales across both addresses.
Trace Condos and Lofts comprises two building types. The 1414 12th Ave building contains 100 conventional condominium units with standard residential floor plan configurations. The 1408 12th Ave building contains 42 loft-style units featuring open floor plans and the elevated ceiling heights characteristic of Seattle's loft market. Both building types offer Capitol Hill's exceptional walkability.
HOA fee data for Trace Condos and Lofts is to be verified. The two-building structure may result in separate HOA fee schedules for the condo and loft buildings, or a combined HOA covering both. Contact Jeff Reynolds for the current fee schedule, HOA financial review, and reserve fund status before submitting an offer on any unit at Trace Condos and Lofts.
Rental policy data for Trace Condos and Lofts is to be verified with the HOA. The two-building structure may mean different rental policies apply to the condo and loft buildings. Jeff Reynolds can confirm current rental cap status, available rental slots, and owner-occupancy ratios across both buildings at Trace Condos and Lofts.
Your Capitol Hill Condo Specialist
Jeff Reynolds is Seattle's leading specialist in urban condominiums across all neighborhoods, with expertise in Capitol Hill's distinctive residential market. If you're buying or selling at Trace Condos and Lofts, Jeff has the data, the relationships, and the track record to represent you effectively.
Jeff tracks sales at both addresses in the Trace community, maintains HOA financial data, and knows the Capitol Hill market in depth. The two-building structure at Trace requires specialized knowledge of how shared-community governance works across multiple building addresses.
Jeff Reynolds • Seattle Condo Authority Network • jeff.reynolds@compass.com
Current listings, recent sales, HOA financials, and buyer strategy. No obligation.