Listed by COMPASS
$2,999,950

5520 University Way NE Seattle, WA 98105

University District Neighborhood

Estimated payment $18,547/month

Total Views 20,415
0.17 Acre
$17,564,110 Price per Acre
7,440 Sq Ft Lot

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!

Listing Agent

Mary Pong

COMPASS License #24296 Listed on: 03/23/2025

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2345797

Northwest Multiple Listing Service (NWMLS)

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

Property Details

Property Type

Land

Est. Annual Taxes

$22,021

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 43 - Comm/Industrial
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Turner H S & Cos University
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Restrictions: Unknown
  • Special Features: None
  • Cumulative Days on Market: 90

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Territorial
  • Lot Features: Curbs, Open Space, Paved, Sidewalk
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Industrial
  • RoadInformation: Paved
  • RoadOnWhichSide: west side
  • WaterJurisdiction: SPU

Garage/Parking

  • Carport Y N: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8714600055
  • Topography: Level
  • Lot Size Acres: 0.1708
  • Lot Size: 80' x 93'
  • Lot Size Sq Ft: 7440
  • Zoning Description: Business,Commercial,Multi-Family,Office,Residential,Retail
  • Zoning: NC2P-40
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • LotNumber: 9-10

Tax Info

  • Year: 2024
  • Tax Annual Amount: 22021.16

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2025 03/23/25 For Sale $2,999,950 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $310,000 Evergreen Title Company Inc
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2345797

Northwest Multiple Listing Service (NWMLS)

APN: 871460-0055

Washington King County Seattle 98105 University District

5520 University Way NE, Seattle, WA

This home is located at 5520 University Way NE, Seattle, WA 98105 and is currently priced at $2,999,950. 5520 University Way NE is a home located in King County with nearby schools including Green Lake Elementary School, Hamilton International Middle School, and Lincoln High School.

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.

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Based on information submitted to the MLS GRID

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Mary Pong
Listing Agent
Mary Pong
Section Image
COMPASS
(206) 222-7972