NOT LISTED FOR SALE

Estimated Value: $1,500,000 - $2,097,184

0.31 Acre
$5,910,707 Price per Acre
13,499 Sq Ft Lot

Last Sold August 10, 2022

Last sale price $4,450,000 $1,983 Per Sq Ft

Current estimated payment $11,387/month

56 Days on Market

Highlights

  • Lake View
  • 0.31 Acre Lot
  • Tennis Courts
  • Garfield High School Rated A
  • Corner Lot
  • 1-minute walk to Madrona Playground

About This Lot

As of August 2022

Located in the heart of Seattle's desirable and walkable Madrona neighborhood, the 34th & Spring development site is a 13,500-square foot, split zoned NC1-30 (M) and NC1-40 (M) lot currently containing a single-family home and a fourplex. The property can potentially be developed into SEDU's (63+ Units - 4,538 SF Retail), Apartments (26+ Units - 3,753 Retail), Mixed-Use (20K to 30K residential, 4K to 10.5K commercial), or Townhomes (16+ Units Total - 9 Live Works). Buyer to verify all development potential. Current reports include: Final scheme, survey, arborist report, soils report from across the street, tree feasibility report.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 11/16/2021

Last Buyer's Agent

Ian Porter

Windermere RE/Capitol Hill,Inc License #103611

Windermere RE/Capitol Hill,Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1865034

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,111

Year Built

  • 1942

Lot Details

  • 0.31 Acre Lot
  • Corner Lot
  • Level Lot
  • Zoning described as NC1-30(M)/NC1-40(M)

Property Views

  • Lake Views

Schools

  • Madrona Elementary School
  • Meany Mid Middle School
  • Garfield High School

Listing and Financial Details

  • Assessor Parcel Number 5157700055

Community Details

Overview

  • Madrona Subdivision

Recreation

  • Tennis Courts

Property Details

Property Type

Land

Est. Annual Taxes

$24,111

Year Built

1942

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 42 - Multi-Family
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • Improvements: Dwelling
  • Special Features: None
  • Year Built: 1942
  • Cumulative Days on Market: 1,147

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Lake
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Multi Family
  • RoadInformation: County Maintained,Paved
  • RoadOnWhichSide: South & West

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: On Property
  • Water Source: On Property
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected
  • ElectricityStatus: On Property
  • GasStatus: On Property

Condo/Co-op/Association

  • Community Features: Tennis Courts
  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Meany Mid

Lot Info

  • Parcel Number: 5157700055
  • Topography: Level
  • Lot Size Acres: 0.3099
  • Lot Size Sq Ft: 13500
  • Zoning Description: NC1-30(M)/NC1-40(M)
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 24111
  • AdditionalTaxIds: 5157700040

MLS Schools

  • Elementary School: Madrona Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2023
Sold by
Ashworth Homes Llc
Bought by
City Of Seattle
Total Days on Market
56
Current Estimated Value
$1,831,728

Purchase Details

Closed on
Apr 18, 2023
Sold by
Ashworth Homes Llc
Bought by
Lof Holding Company Llc

Purchase Details

Closed on
Apr 17, 2023
Sold by
Lof Holding Company Llc
Bought by
Ashworth Homes Llc

Purchase Details

Listed on
Nov 16, 2021
Closed on
Aug 9, 2022
Sold by
Chanukah Property Llc
Bought by
Ashworth Homes Llc and Lof Holding Company Llc
Seller's Agent
Dan Swanson
Kidder Mathews
Buyer's Agent
Ian Porter
Windermere RE/Capitol Hill,Inc
List Price
$4,200,000
Sold Price
$4,450,000
Premium/Discount to List
$250,000
5.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.50%
Original Mortgage
$1,503,800
Interest Rate
5.7%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 29, 2020
Sold by
Liebowitz Martin E
Bought by
Chanukah Property Llc

Purchase Details

Closed on
Dec 9, 2014
Sold by
Aspland Margaret M
Bought by
Liebowitz Martin E

Purchase Details

Closed on
Jul 27, 1989
Sold by
Goronsky Adolph T and Goronsky Marian E
Bought by
Liebowitz Martin and Liebowitz Margaret
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 Buyer Sale Price Title Company
City Of Seattle -- None Listed On Document
Lof Holding Company Llc -- None Listed On Document
Ashworth Homes Llc -- None Listed On Document
Ashworth Homes Llc $2,225,000 First American Title
Chanukah Property Llc -- None Available
Liebowitz Martin E -- Accommodation
Liebowitz Martin $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashworth Homes Llc $4,320,000
Previous Owner Ashworth Homes Llc $1,503,800
Previous Owner Liebowitz Martin E $336,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $4,450,000 +6.0% $1,983 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
11/16/2021 11/16/21 For Sale $4,200,000 -- $1,872 / 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 $13,254 $1,377,135 $990,600 $386,535
2023 $12,889 $1,648,000 $1,647,000 $1,000
2022 $13,910 $1,495,500 $1,494,500 $1,000
2021 $14,584 $1,495,500 $1,494,500 $1,000
2020 $12,728 $1,495,500 $1,494,500 $1,000
2018 $9,293 $1,099,000 $1,098,000 $1,000
2017 $8,134 $916,000 $915,000 $1,000
2016 $6,761 $827,000 $427,000 $400,000
2015 $5,501 $666,000 $427,000 $239,000
2014 -- $550,000 $427,000 $123,000
2013 -- $561,000 $427,000 $134,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1865034

Northwest Multiple Listing Service (NWMLS)

APN: 515770-0055