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For Sale 187 Days Online
$6,520,000
Originally $8,500,000
12,960 Sqft Lot
No Garage
Scarcity determines value! An exceptionally rare chance to acquire prime property & a fully designed top-level apartment project at U District, adjacent to UW. The Rhythm Apartments project, with 3 neighboring parcels, has secured the MUP and is finalizing building permit. This meticulously planned project features a 7-story building with highly valuable commercial space on the 1st floor and 127 units from 2nd-7th floors, totaling 45,926 sqft & average unit size of 362 sqft. The project promises optimal investment returns in a short time, making it a dream opportunity. The design also includes underground parking space. Just a block from the UW central campus, proximity to shopping, entertainment, and restaurants in the bustling U District.
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2240011
Listed by
Sherry Zuo, PRO RLTYSRVCS Eastside
JD Yu, PRO RLTYSRVCS Eastside
Contact our
University District
Real Estate Lead
John L. Scott
Phone...
Property History
Aug 19, 2024
Price Reduction arrow_downward
$6,520,000
NWMLS #2240011
Jul 03, 2024
Price Reduction arrow_downward
$6,580,000
NWMLS #2240011
Jun 11, 2024
Price Reduction arrow_downward
$7,600,000
NWMLS #2240011
May 18, 2024
Price Increase arrow_upward
$8,660,000
NWMLS #2240011
May 18, 2024
Listed
$8,500,000
NWMLS #2240011
More
Listing Details
  • Status
    For Sale
  • Price
    $6,520,000
  • Original Price
    $8,500,000
  • List Date
    May 18, 2024
  • Last Status Change
    May 18, 2024
  • Last Update
    November 14, 2024
  • Days on Market
    187 Days
  • Cumulative DOM
    186 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2240011
  • Listing Broker
    Sherry Zuo
  • Listing Office
    PRO RLTYSRVCS Eastside
Monthly Payment Estimate
  • Principal and Interest
    $34,178 / month
  • Property Taxes
    $3,864 / month
  • Homeowners Insurance
    $412 / month
  • TOTAL
    $38,454 / month

  • based on 20% down
    ($1,304,000)
  • and a
    6.85% Interest Rate
  • About:
    All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
Property Details
  • Sqft (Total)
    0 sqft
  • Sqft (Finished)
    0 sqft
  • Sqft (Unfinished)
    None
  • Property Type
    Parcel
  • Sub Type
    Multi-Family
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    12,960 sqft Lot
  • Lot Size Source
    MLS
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • 2023 Property Taxes
    $46,368 / year
  • No Senior Exemption
Public Parcel Data & Maps
Schools
  • School District
    Seattle
  • Elementary
    Laurelhurst
  • Middle
    Eckstein Mid
  • High School
    Roosevelt High
HOA
  • HOA Dues
    Unspecified
  • Fees Assessed
    Unspecified
  • HOA Dues Include
    Unspecified
  • HOA Contact
    Unspecified
  • Management Contact
Parking
  • Covered
    Unspecified
  • Has Garage
    No
Construction
  • Home Builder
    Unspecified
Cooling
Heating
Interior
Property
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash Out
    Conventional
Utilities
  • Sewer
    Available
  • Water Source
    Available
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    1.5%
  • MLS Area #
    Area 710
  • Number of Photos
    9
  • Last Modification Time
    Thursday, November 14, 2024 8:31 AM
  • System Listing ID
    5323345
Update Info
  • Price Reduction
    2024-08-19 14:31:08
  • Price Increase
    2024-05-18 09:56:35
  • First For Sale
    2024-05-18 09:34:44
Listing details based on information submitted to the MLS GRID as of Thursday, November 14, 2024 8:31 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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For Sale 187 Days Online
$6,520,000     ▼ Price Reduction $60K
Offer Review: Anytime
NWMLS #2240011. Sherry Zuo, PRO RLTYSRVCS Eastside
Map 
 
Listing information is provided by the listing agent except as follows: BuilderB indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. DevelopmentD indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.