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For Sale 160 Days Online
$685,000
Originally $1,100,000
6,500 Sqft Lot
No Garage
The Rainier Beach Development Site is a 6,500-square-foot lot, zoned LR3 (M2) and located in an Urban Village, and is permit-ready for 42 apartment units. The property can also be converted into a luxury townhouse development. The site is for offer at an attractive $169 per square foot with seller financing available. This transit-orientated development site requires no parking, allowing the developer to maximize the square footage of the lot. The property boasts a walk score of 81 and is within a 5-minute walking distance of the Light Rail Station, Rainier Beach Community Center, Safeway, etc. Additionally, being in an opportunity zone opens up certain tax incentives for the owner. Favorable Seller Financing Available.
Offer Review
Will review offers when submitted
NWMLS Listing #
2181915
Listed by
Matt Johnston, Northmarq Commercial, LLC
Taylor Wyman, Northmarq Commercial, LLC
Contact our
Rainier Beach
Real Estate Lead
Wicklund Real Estate
Phone...
Property History
Apr 24, 2024
Back on Market
$685,000
NWMLS #2181915
Feb 27, 2024
Went Pending Feasibility
$685,000
NWMLS #2181915
Feb 26, 2024
Price Reduction arrow_downward
$685,000
NWMLS #2181915
Nov 22, 2023
Listed
$1,100,000
NWMLS #2181915
More
Listing Details
  • Status
    For Sale
  • Price
    $685,000
  • Original Price
    $1,100,000
  • List Date
    November 21, 2023
  • Last Status Change
    April 24, 2024
  • Last Update
    April 24, 2024
  • Days on Market
    160 Days
  • Cumulative DOM
    103 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2181915
  • Listing Broker
    Matt Johnston
  • Listing Office
    Northmarq Commercial, LLC
Monthly Payment Estimate
  • Principal and Interest
    $3,464 / month
  • Property Taxes
    / month
  • Homeowners Insurance
    $88 / month
  • TOTAL
    $3,552 / month

  • based on 20% down
    ($137,000)
  • and a
    6.5% Interest Rate
Property Details
  • Sqft (Total)
    0 sqft
  • Sqft (Finished)
    Unspecified
  • Sqft (Unfinished)
    None
  • Property Type
    Parcel
  • Sub Type
    Res-Less than 1 Acre
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    6,500 sqft Lot
  • Lot Size Source
    3rd Party
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • Property Taxes
    Unspecified
  • 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
Views
  • City
    Lake
Construction
  • Home Builder
    Unspecified
Cooling
Heating
Interior
Property
  • Lot Features
    Paved
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash Out
    Conventional
    Owner Financing
Utilities
  • Sewer
    In Street
  • Water Source
    In Street
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    3.0%
  • MLS Area #
    Area 380
  • Number of Photos
    1
  • Last Modification Time
    Wednesday, April 24, 2024 5:58 PM
  • System Listing ID
    5276121
Update Info
  • Back On Market
    2024-04-24 11:26:05
  • Pending Or Ctg
    2024-02-27 18:31:15
  • Price Reduction
    2024-02-26 12:45:43
  • First For Sale
    2023-11-22 12:22:39
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For Sale 160 Days Online
$685,000  
Offer Review: Anytime
Details 
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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.