Listed by Ewing & Clark, Inc.
$1,225,000
SOLD MAY 15, 2025
0.14 Acre
$9,047,267 Price per Acre
5,900 Sq Ft Lot

Recently Sold

$688 Per Sq Ft

16% Below List Price

232 Days on Market

Highlights

  • No HOA
  • Lawton Elementary School Rated A-
  • Level Lot

About This Lot

As of May 2025

Great corner lot for townhomes on an alley, 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center. The 5900sf lot is perfect for developing 5 townhomes under LR1 (M) zoning. Current permitting allows 1 unit per 1,150sf under this zoning. The current apartment houses have four units that are 2 bedroom 1 bath each which currently produce an annual NOI of $63,814 while permitting. Apartments have washer/dryers and there are 4 parking spots off of the alley. Please do not bother the Tenants.

Last Agent to Sell the Property

Richard Riley

Ewing & Clark, Inc. License #46999 Listed on: 06/20/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2250709

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,418

Lot Details

  • 5,900 Sq Ft Lot
  • Lot Dimensions are 50 x 118
  • Level Lot
  • Zoning described as Multi-Family

Community Details

  • No Home Owners Association
  • Pleasant Valley Addition Condos
  • Magnolia Subdivision

Listing and Financial Details

  • Legal Lot and Block 24 / 15
  • Assessor Parcel Number 6821101845

Property Details

Property Type

Land

Est. Annual Taxes

$10,418

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 42 - Multi-Family
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Pleasant Valley Addition
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Restrictions: Unknown
  • AssessmentFees: Road,School
  • Special Features: None
  • Cumulative Days on Market: 215

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Lot Features: Alley
  • View: No
  • Waterfront: No
  • Structure Type: Multi Family
  • RoadInformation: County Maintained
  • RoadOnWhichSide: North and West
  • WaterJurisdiction: Seattle
  • Easements: none

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Available
  • Water Source: Available
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Natural Gas Available
  • ElectricityStatus: On Property
  • GasStatus: On Property
  • SepticDesignApplied: false
  • SepticDesignInstalled: false

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 6821101845
  • Topography: Level
  • Lot Size Acres: 0.1354
  • Lot Size: 50 x 118
  • Lot Size Sq Ft: 5900
  • Zoning Description: Multi-Family
  • Zoning: LR1 (M)
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • LotNumber: 24
  • PublicLandSurvey: SE-15-25-3
  • IrrigationType: None

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 10418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
May 5, 2025
Sold by
Koser Elizabeth
Bought by
Thurston Ryan
Seller's Agent
Richard Riley
Ewing & Clark, Inc.
List Price
$1,450,000
Sold Price
$1,225,000
Premium/Discount to List
-$225,000
-15.52%
Total Days on Market
232
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
266.41%
Original Mortgage
$918,750
Outstanding Balance
$917,942
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$476,925

Purchase Details

Listed on
Jun 20, 2024
Closed on
May 2, 2025
Sold by
Magnolia Holdings Llc
Bought by
Thurston Ryan
Seller's Agent
Richard Riley
Ewing & Clark, Inc.
List Price
$1,450,000
Sold Price
$1,225,000
Premium/Discount to List
-$225,000
-15.52%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,750
Outstanding Balance
$917,942
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$476,925

Purchase Details

Closed on
Jan 21, 2010
Sold by
Hanover Jack A and Hanover Myra L
Bought by
Magnolia Holdings Llc

Purchase Details

Closed on
Aug 31, 2004
Sold by
Powell Carole
Bought by
Hanover Jack and Hanover Myra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 1997
Sold by
Rockow Stephen W and Rockow Karen
Bought by
Powell Carole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
7.09%
Mortgage Type
Balloon

Purchase Details

Closed on
May 12, 1997
Sold by
Crouse Donald W and Crouse Louise E
Bought by
Crouse Donald W and Crouse Louise E

Purchase Details

Closed on
Feb 26, 1997
Sold by
Crowe Christine L and Morell Christine L
Bought by
Morrell Steven J

Purchase Details

Closed on
Nov 5, 1996
Sold by
Middleton L Michael and Stephene Dorothy Middleton
Bought by
Middleton L Michael and Middleton Tamela K

Purchase Details

Closed on
Sep 5, 1996
Sold by
Haug Isabella M
Bought by
Ogden Betsy H and Molitch Margaret M

Purchase Details

Closed on
Jan 31, 1995
Sold by
Barr Margery G
Bought by
Barr James A and Barr Carol A

Purchase Details

Closed on
Nov 21, 1994
Sold by
Cotner Robert E and Cotner Judith K
Bought by
Cotner Robert E and Cotner Judith K

Purchase Details

Closed on
Dec 8, 1993
Sold by
Stephens Donald L and Stephens Marjorie L
Bought by
Stephens Jan B and Stephens James R

Purchase Details

Closed on
Mar 12, 1993
Sold by
Rockow Stephen W and Rockow Karen L
Bought by
Rockow Stephen W

Purchase Details

Closed on
Feb 8, 1993
Sold by
Rockow Stephen W
Bought by
Rockow Stephen W and Rockow Karen L

Purchase Details

Closed on
Dec 1, 1973
Sold by
Miller Homer L and Miller Mary Mae
Bought by
Livengood Jimmie D and Livengood Elizabeth M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $313 Chicago Title
Warranty Deed $1,225,000 Chicago Title
Quit Claim Deed -- None Available
Warranty Deed $600,000 Chicago Title
Warranty Deed $325,000 Evergreen Title Company Inc
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Gift Deed -- --
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Quit Claim Deed -- Land Title Company
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed -- Pioneer National Title Ins C
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $918,750 New Conventional
Previous Owner $244,000 Adjustable Rate Mortgage/ARM
Previous Owner $275,000 Purchase Money Mortgage
Previous Owner $243,750 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $1,225,000 -15.5% $688 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $1,450,000 +18.4% $815 / Sq Ft
12/31/2024 12/31/24 Off Market $1,225,000 -- --
12/03/2024 12/03/24 Price Changed $1,450,000 -17.1% $815 / Sq Ft
06/20/2024 06/20/24 For Sale $1,750,000 -- $983 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,716 $1,189,000 $1,188,000 $1,000
2023 $10,418 $1,070,000 $763,000 $307,000
2022 $9,259 $1,164,000 $716,000 $448,000
2021 $8,839 $975,000 $600,000 $375,000
2020 $9,131 $883,000 $549,000 $334,000
2018 $8,688 $895,000 $552,000 $343,000
2017 $7,677 $857,000 $368,000 $489,000
2016 $7,100 $782,000 $336,000 $446,000
2015 $5,974 $706,000 $306,000 $400,000
2014 -- $605,000 $262,000 $343,000
2013 -- $584,000 $253,000 $331,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2250709

Northwest Multiple Listing Service (NWMLS)

APN: 682110-1845