215 31st AVE E, Seattle, WA 98112
215 31st AVE E, Seattle, WA 98112
215 31st AVE E, Seattle, WA 98112
215 31st AVE E, Seattle, WA 98112
215 31st AVE E, Seattle, WA 98112
215 31st AVE E, Seattle, WA 98112
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by:Windermere Real Estate/East • Anastasia Miles
$ 995,000
Est. payment | /mo

1 Bed

1 Bath

1,440 SqFt

Save
$ 995,000
Est. payment | /mo
Save

1 Bed

1 Bath

1,440 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $690

Subdivision Madison Valley

MLS Listing ID 2550121

Style 16 - 1 Story w/Bsmnt.

Bedrooms 1

Full Baths 1

Year Built 1950

Annual Tax Amount $6,182

Lot Size 4,400 Sqft

Lot Dimensions 110x40x110x40

Property Sub-Type Single Family Residence

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.

Location

State WA

County King

Area 390 - Central Seattle

Rooms

Basement Daylight, Finished

Main Level Bedrooms 1

Interior

Interior Features Dbl Pane/Storm Window, Walk-In Closet(s)

Flooring Slate, Carpet

Fireplace false

Appliance Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer

Exterior

Exterior Feature Wood Products

Community Features Park

Amenities Available Fenced-Partially

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Paved, Sidewalk, Value In Land

Story One

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Seattle

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Schools & Businesses

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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

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