5520 University Way NE Seattle, WA 98105
University District NeighborhoodEstimated payment $18,403/month
Highlights
- Territorial View
- No HOA
- Level Lot
- Hamilton International Middle School Rated A
- Open Space
About This Lot
Discover an exceptional development opportunity located in the vibrant heart of the U-District. Situated just blocks away from the University of Washington and the new Roosevelt light rail station, this property offers unparalleled convenience & connectivity. This location promises a dynamic urban lifestyle w/proximity to Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joes, bars & eateries. The 7440 sf lot is currently zoned NC2P-40, in future up zone area of U-District! Seize the opportunity with this ideal development site. Not only a prime location, and w/possible height limit increasing from 40' to 65'. Whether you are looking to invest in student housing, retail or mixed use, this site holds immense potential!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2345797
Property Details
Property Type
- Land
Est. Annual Taxes
- $22,021
Lot Details
- 7,440 Sq Ft Lot
- Lot Dimensions are 80' x 93'
- Open Space
- Level Lot
- Zoning described as Business,Commercial,Multi-Family,Office,Residential,Retail
Additional Features
- Territorial Views
- Sewer in Street
Community Details
- No Home Owners Association
- Turner H S & Cos University Condos
- University District Subdivision
Listing and Financial Details
- Legal Lot and Block 9-10 / 1
- Assessor Parcel Number 8714600055
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 | $22,353 | $2,380,800 | $2,380,800 | -- |
| 2023 | $19,771 | $2,380,800 | $2,380,800 | $0 |
| 2022 | $21,438 | $2,380,800 | $2,380,800 | $0 |
| 2021 | $22,553 | $2,380,800 | $2,380,800 | $0 |
| 2020 | $17,526 | $2,380,800 | $2,380,800 | $0 |
| 2018 | $13,461 | $1,674,000 | $1,674,000 | $0 |
| 2017 | $12,999 | $1,376,400 | $1,376,400 | $0 |
| 2016 | $11,888 | $1,376,400 | $1,376,400 | $0 |
| 2015 | $8,156 | $1,227,600 | $1,227,600 | $0 |
| 2014 | -- | $855,600 | $855,600 | $0 |
| 2013 | -- | $744,000 | $744,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2025 03/23/25 | For Sale | $2,999,950 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $310,000 | Evergreen Title Company Inc |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2345797
APN: 871460-0055
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Based on information submitted to the MLS GRID
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