Listed by Windermere Mercer Island
$950,000

Estimated payment $6,180/month

Total Views 25
3 Beds
2 Baths
1,890 Sq Ft
$503 Price per Sq Ft

Highlights

  • Deck
  • Property is near public transit and bus stop
  • Wood Flooring
  • Stevens Elementary School Rated A-
  • Territorial View
  • 4-minute walk to Seven Hills Park

About This Home

Madison Valley redevelopment opportunity offering multiple paths for value creation in a prime location surrounded by continued growth, investment, and strong neighborhood demand.For buyers not pursuing immediate ground-up development, the existing structure presents compelling potential. A thoughtful renovation and reconfiguration may create two separate residential units, offering an owner/user setup, income opportunity, or long-term hold while preserving future redevelopment options.For larger-scale redevelopment, the property is zoned NC2-75 (M1), allowing exciting mixed-use possibilities with heights up to 75 feet. Ideal for developers, assemblage buyers, investors, or those seeking long-term upside.Situated on an approx. 4,030 SF lot, the site may support a variety of concepts, including residential above ground-floor commercial or amenity space, subject to buyer verification, design review, and permitting. Preliminary planning suggests approximately 20,000–28,000 SF of gross buildable area and roughly 25–40 residential units, depending on design, unit mix, parking strategy, and commercial use.An exceptional opportunity in one of Seattle’s most sought-after neighborhoods with convenient access to retail, dining, transit, employment centers, and continued area growth. Buyer to verify zoning, unit count, rental potential, and redevelopment feasibility to their satisfaction.

Listing Agent

Julie Wilson

Windermere Mercer Island License #114704 Listed on: 06/12/2026

Windermere Mercer Island

Co-Listing Agent

Julie Scozzafave

Windermere Real Estate/East License #11175

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2539377

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,394

Year Built

  • Built in 1906

Lot Details

  • 4,030 Sq Ft Lot
  • North Facing Home
  • Value in Land

Home Design

  • Fixer Upper
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,890 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Dining Room
  • Territorial Views
  • Unfinished Basement

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Additional Features

  • Deck
  • Property is near public transit and bus stop
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,394

Year Built

Built in 1906

Lot Details

4,030 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 1906
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Rentons Addition
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2380
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing_results/NWMLS/2539377, https://www.workforce-resource.com/dpr/listing/NWMLS/2539377?w=Consumer&agent=97834
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Dining Room, Fireplace
  • Living Area: 1890
  • Main Level Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 1890
  • SquareFootageUnfinished: 490
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Direction Faces: North
  • Exterior Features: Wood
  • Property Condition: Fixer
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: None

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 7234601226
  • Land Lease: No
  • Lot Size Acres: 0.0925
  • Lot Size Sq Ft: 4030
  • Zoning: NC275 (M1)
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • LotNumber: 6-7

Green Features

  • Power Production Type: Electric, Natural Gas

Tax Info

  • Year: 2026
  • Tax Annual Amount: 12394

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $12,394 $1,188,000 $1,187,000 $1,000
2024 $11,515 $1,188,000 $1,187,000 $1,000
2023 $10,685 $1,132,000 $1,131,000 $1,000
2022 $10,408 $1,253,000 $796,000 $457,000
2021 $10,249 $1,124,000 $686,000 $438,000
2020 $10,445 $1,051,000 $643,000 $408,000
2018 $9,539 $1,150,000 $661,000 $489,000
2017 $7,582 $959,000 $564,000 $395,000
2016 $6,854 $784,000 $470,000 $314,000
2015 $5,965 $691,000 $436,000 $255,000
2014 -- $614,000 $336,000 $278,000
2013 -- $449,000 $204,000 $245,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/12/2026 06/12/26 For Sale $950,000 -- $503 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2539377

Northwest Multiple Listing Service (NWMLS)

APN: 723460-1226

Your Personal Tour Guide

Ask me questions while you tour the home.