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For Sale 231 Days Online
$650,000
Originally $900,000
6,043 Sqft Lot
No Garage
Unique opportunity to own a lot in the prime Queen Anne neighborhood provides you with a steady stream of income from the ground lease. Yep, there is a 5-unit condominium built on the property and it pays monthly income to you, plus the property taxes and the insurance. The rental income increases yearly and also when a unit sells, so the income stream will also increase. So, you can park your money here and watch the land appreciate over time AND watch the income increase over time as well! 2024 gross rental income is $24,697.35
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2237590
Listed by
Denise Seavitt, Realogics Sotheby's Int'l Rlty
Contact our
Queen Anne
Real Estate Lead
John L. Scott
Phone...
Property History
Nov 12, 2024
Listed
$650,000
NWMLS #2237590
Aug 27, 2024
Price Reduction arrow_downward
$750,000
NWMLS #2237590
Jul 01, 2024
Listed
$900,000
NWMLS #2237590
More
Listing Details
  • Status
    For Sale
  • Price
    $650,000
  • Original Price
    $900,000
  • List Date
    July 1, 2024
  • Last Status Change
    November 12, 2024
  • Last Update
    January 9, 2025
  • Days on Market
    231 Days
  • Cumulative DOM
    219 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2237590
  • Listing Broker
    Denise Seavitt
  • Listing Office
    Realogics Sotheby's Int'l Rlty
Monthly Payment Estimate
  • Principal and Interest
    $3,407 / month
  • Property Taxes
    / month
  • Homeowners Insurance
    $86 / month
  • TOTAL
    $3,493 / month

  • based on 20% down
    ($130,000)
  • 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
    Res-Less than 1 Acre
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    6,043 sqft Lot
  • Lot Size Source
    Realist and tax records
  • 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
Construction
  • Home Builder
    Unspecified
Cooling
Heating
Interior
Property
  • Lot Features
    Curbs
    Paved
    Sidewalk
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash Out
Utilities
  • Sewer
    On Property
  • Water Source
    On Property
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    2.5%
  • MLS Area #
    Area 700
  • Number of Photos
    5
  • Last Modification Time
    Thursday, January 9, 2025 3:52 PM
  • System Listing ID
    5383303
Update Info
  • First For Sale
    2024-11-14 08:37:05
Listing details based on information submitted to the MLS GRID as of Thursday, January 9, 2025 3:52 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 231 Days Online
$650,000  
Offer Review: Anytime
NWMLS #2237590. Denise Seavitt, Realogics Sotheby's Int'l Rlty
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.