Researching Trace North? Get verified building data, current listings, and HOA financials from Jeff Reynolds.
Seattle Condo Authority Network • Capitol Hill
100-unit loft condominium at 1414 12th Ave in Capitol Hill. Part of the Trace Condos & Lofts campus with its adjacent partner building, Trace Lofts.
Building Profile
| Building Name | Trace North |
| Address | 1414 12th Ave, Seattle, WA 98122 |
| Stories | 5 |
| Neighborhood | Capitol Hill, Seattle, WA |
| HOA Fees | $350–$700/mo (est. — verify with HOA) |
| Building Type | Loft/Condominium |
| Year Built | Data to be verified |
| Total Units | Data to be verified |
| Adjacent Building | Trace Lofts (1408 12th Ave) |
| Last Verified | March 2026 — SCA Registry |
About This Building
Trace North is a 5-story loft condominium at 1414 12th Ave in Capitol Hill, immediately adjacent to Trace Lofts at 1408 12th Ave. Together the two buildings form the Trace Condos & Lofts campus — a paired development on 12th Avenue that defines this section of the Capitol Hill residential corridor.
Trace North is the larger of the two Trace buildings at 100 units, compared to 42 units at adjacent Trace Lofts. The 100-unit scale gives Trace North a well-funded HOA reserve base with more owners sharing operating costs, and an established ownership community that has been in place since the building opened.
The 12th Avenue location places Trace North residents within easy walking distance of Cal Anderson Park, the Broadway commercial corridor, and the Capitol Hill light rail station. This transit orientation and walkability score are consistent draws for Capitol Hill condo buyers.
Jeff Reynolds tracks sales activity and HOA data for both Trace North and Trace Lofts. Contact Jeff for verified building data, current listings, and a comparison of the two Trace buildings as part of a Capitol Hill buyer consultation.
Current Inventory
Live listings at Trace North updated in real time. Contact Jeff Reynolds for off-market inventory, coming-soon units, and a full Capitol Hill buyer strategy.
Due Diligence
Key factors every buyer should evaluate before making an offer at Trace North. Jeff Reynolds covers these in every Capitol Hill building consultation.
With 100 units sharing reserve contributions, Trace North's HOA has a solid funding base. Verify the current reserve fund percentage-funded and the most recent reserve study date. Confirm whether any special assessments are pending or planned.
Clarify whether Trace North and Trace Lofts operate as separate HOAs or share governance. Shared amenities or maintenance obligations between the two buildings create financial interdependencies. Request governing documents for both associations before writing an offer.
Capitol Hill loft buildings attract consistent rental demand. Verify the current rental cap and owner-occupancy percentage — buildings with high rental concentrations can face Fannie Mae financing challenges that affect both refinancing and future resale liquidity.
Loft-format units trade on ceiling height, open plan flexibility, and light. Compare units carefully across floors — ground and lower-floor units in loft buildings often have meaningfully less natural light than mid or upper floor units at similar price points.
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Common Questions
Your Capitol Hill Specialist
Jeff Reynolds is a Seattle condo specialist with expertise across Capitol Hill's loft and mid-rise buildings. He tracks sales data, HOA financials, and building-level trends for Trace North, Trace Lofts, and the full Capitol Hill condo market.
If you're comparing Trace North against Trace Lofts or other Capitol Hill buildings, Jeff's building-specific knowledge of both addresses in the Trace complex is a material advantage in any transaction.
jeff.reynolds@compass.com · Compass Real Estate · Seattle, WA
Current listings, building data, HOA financials, and Capitol Hill buyer strategy.
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