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For Sale 182 Days Online
$1,450,000
Originally $1,750,000
5,900 Sqft Lot
No Garage
Great corner lot for townhomes on an alley, 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center. The 5900sf lot is perfect for developing 5 townhomes under LR1 (M) zoning. Current permitting allows 1 unit per 1,150sf under this zoning. The current apartment houses have four units that are 2 bedroom 1 bath each which currently produce an annual NOI of $63,814 while permitting. Apartments have washer/dryers and there are 4 parking spots off of the alley. Please do not bother the Tenants.
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2250709
Listed by
Richard Riley, Ewing & Clark, Inc.
Contact our
Magnolia
Real Estate Lead
John L. Scott
Phone...
Property History
Dec 03, 2024
Price Reduction arrow_downward
$1,450,000
NWMLS #2250709
Jun 20, 2024
Listed
$1,750,000
NWMLS #2250709
More
Listing Details
  • Status
    For Sale
  • Price
    $1,450,000
  • Original Price
    $1,750,000
  • List Date
    June 20, 2024
  • Last Status Change
    June 20, 2024
  • Last Update
    December 3, 2024
  • Days on Market
    182 Days
  • Cumulative DOM
    182 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2250709
  • Listing Broker
    Richard Riley
  • Listing Office
    Ewing & Clark, Inc.
Monthly Payment Estimate
  • Principal and Interest
    $7,601 / month
  • Property Taxes
    $868 / month
  • Homeowners Insurance
    $131 / month
  • TOTAL
    $8,600 / month

  • based on 20% down
    ($290,000)
  • 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
    5,900 sqft Lot
  • Lot Size Source
    King County
  • Lot #
    24
  • Project
    Pleasant Valley Addition
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • 2024 Property Taxes
    $10,418 / year
  • No Senior Exemption
Public Parcel Data & Maps
Schools
  • School District
    Seattle
  • Elementary
    Unspecified
  • Middle
    Unspecified
  • High School
    Unspecified
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
  • Lot Features
    Alley
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash Out
Utilities
  • Sewer
    Available
  • Water Source
    Available
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    3%
  • MLS Area #
    Area 700
  • Number of Photos
    13
  • Last Modification Time
    Tuesday, December 3, 2024 2:22 PM
  • System Listing ID
    5335635
Update Info
  • Price Reduction
    2024-12-03 14:44:40
  • First For Sale
    2024-06-20 14:55:14
Listing details based on information submitted to the MLS GRID as of Tuesday, December 3, 2024 2:22 PM. 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 182 Days Online
$1,450,000     ▼ Price Reduction $300K
Offer Review: Anytime
NWMLS #2250709. Richard Riley, Ewing & Clark, Inc.
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.