215 31st Ave E Seattle, WA 98112
Madison Valley NeighborhoodEstimated payment $5,984/month
Highlights
- Property is near public transit and bus stop
- No HOA
- Park
- Territorial View
- Walk-In Closet
- Bathroom on Main Level
About This Home
**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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2550121
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,182
Year Built
- Built in 1950
Lot Details
- 4,400 Sq Ft Lot
- Lot Dimensions are 110x40x110x40
- East Facing Home
- Partially Fenced Property
- Level Lot
- Value in Land
Parking
- Driveway
Home Design
- Fixer Upper
- Poured Concrete
- Composition Roof
- Wood Siding
- Wood Composite
Interior Spaces
- 1,440 Sq Ft Home
- 1-Story Property
- Territorial Views
- Finished Basement
- Natural lighting in basement
Kitchen
- Stove
- Dishwasher
- Disposal
Flooring
- Carpet
- Slate Flooring
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- Walk-In Closet
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Additional Features
- Property is near public transit and bus stop
- Baseboard Heating
Listing and Financial Details
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Assessor Parcel Number 9828700395
Community Details
Overview
- No Home Owners Association
- Madison Valley Subdivision
Recreation
- Park
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,865 | $630,000 | $515,000 | $115,000 |
| 2024 | $6,182 | $608,000 | $505,000 | $103,000 |
| 2023 | $5,894 | $591,000 | $505,000 | $86,000 |
| 2022 | $5,428 | $623,000 | $436,000 | $187,000 |
| 2021 | $5,295 | $560,000 | $396,000 | $164,000 |
| 2020 | $5,286 | $519,000 | $358,000 | $161,000 |
| 2018 | $4,624 | $533,000 | $359,000 | $174,000 |
| 2017 | $3,698 | $445,000 | $307,000 | $138,000 |
| 2016 | $3,505 | $364,000 | $256,000 | $108,000 |
| 2015 | $2,942 | $338,000 | $238,000 | $100,000 |
| 2014 | -- | $288,000 | $199,000 | $89,000 |
| 2013 | -- | $232,000 | $125,000 | $107,000 |
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 |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | Pending | -- | -- | -- |
| 07/10/2026 07/10/26 | For Sale | $995,000 | -- | $691 / Sq Ft |
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 | $313 | Fahlman Olson & Little Pllc | |
| Warranty Deed | $90,800 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $20,500 | Unknown | |
| Previous Owner | $205,000 | Unknown |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2550121
APN: 982870-0395
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. ©2026 NWMLS.
Based on information submitted to the MLS GRID
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