215 31st Avenue E, Seattle, WA 98112
- $995,000
- 1
- BD
- 1
- BA
- 1,440
- SqFt
Listing courtesy of Windermere Real Estate/East.
- List Price
- $995,000
- Status
- PENDING FEASIBILITY
- MLS#
- 2550121
- Days on Market
- 22
- Bedrooms
- 1
- Finished SqFt
- 1,440
- Area Total SqFt
- 1440
- Annual Tax Ammount
- 6182
- Lot Size (sq ft)
- 4,400
- Sewer
- Sewer Connected
Property Description
**Exceptional Development Opportunity – The Value Is in the Land!** Prime 4,400 SF level lot (40' x 110') in one of Seattle's rapidly transforming neighborhoods. Builder activity is already underway with four new homes currently under construction directly across the street, highlighting the strong demand for new housing in the area. Zoned **Neighborhood Residential (NR)** under Seattle's Unified Development Code, this property offers exciting redevelopment potential. Four units are permitted by right with no discretionary design review required for that density. The site may also qualify for additional density through stacked-flat and/or frequent-transit bonus provisions due to its proximity to the Madison Street RapidRide G Line (buyer to verify). Potential eligibility for the 1.6 FAR tier allows approximately 7,000 SF of buildable floor area. Height limits are 32 feet, with potential for up to 42 feet through qualifying tree canopy incentives. An outstanding opportunity for builders, developers, and investors looking to capitalize on Seattle's evolving housing market. Buyer to verify all zoning, density, FAR, height, and development potential to their own satisfaction.
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Additional Information
- Community
- Madison Valley
- Style
- 16 - 1 Story w/Bsmnt.
- Basement
- Daylight, Finished
- Year Built
- 1950
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially
- Tax Year
- 2025
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Potential Terms
- Conventional
- Interior Features
- Dbl Pane/Storm Window, Walk-In Closet(s)
- Flooring
- Slate, Carpet
- Driving Directions
- GPS works
- Appliance
- Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer
- Appliances Included
- Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Energy Source
- Electric
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.