1519 5th Ave W Seattle, WA 98119
West Queen Anne NeighborhoodEstimated payment $3,155/month
About This Lot
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
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2382278
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,482
Lot Details
- 6,043 Sq Ft Lot
- Level Lot
- Zoning described as Multi-Family
Community Details
- Property has a Home Owners Association
- Queen Anne Subdivision
Listing and Financial Details
- Assessor Parcel Number 4362500000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,482 | $907,000 | $906,400 | $600 |
| 2023 | $8,358 | $907,000 | $906,400 | $600 |
| 2022 | $6,806 | $756,000 | $755,300 | $700 |
| 2021 | $7,162 | $756,000 | $755,300 | $700 |
| 2020 | $6,530 | $756,000 | $755,300 | $700 |
| 2018 | $5,884 | $695,000 | $694,900 | $100 |
| 2017 | $4,095 | $605,000 | $604,300 | $700 |
| 2016 | $3,375 | $433,000 | $433,000 | $0 |
| 2015 | $3,119 | $347,000 | $347,000 | $0 |
| 2014 | -- | $328,000 | $328,000 | $0 |
| 2013 | -- | $311,000 | $311,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $450,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | Mortgage Information Svcs In | |
| Warranty Deed | $342,540 | Ticor National | |
| Warranty Deed | $321,142 | Old Republic T | |
| Warranty Deed | $209,000 | Old Republic T | |
| Warranty Deed | $835,000 | Pacific Nw Tit | |
| Quit Claim Deed | -- | Pacific Nw Tit |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $202,730 | Purchase Money Mortgage | |
| Previous Owner | $500,000 | Purchase Money Mortgage |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2382278
APN: 436250-0009
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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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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