7013 Seaview Terrace SW Seattle, WA 98136
Gatewood NeighborhoodEstimated payment $17,558/month
Highlights
- Ocean View
- 0.28 Acre Lot
- No HOA
- Madison Middle School Rated A-
- Secluded Lot
- Garage
About This Lot
Truly a one-of-kind investment/development property in highly sought after W. Seattle area. This rare 6-unit turnkey investment has water views & gorgeous sunsets along w/strong cash flow. Located in West Seattle’s Gatewood area, the Seaview Terrace Apts a perfect mix of studios/1-bed/2-bed/3-bed units. Each w/own flr plan. 4 units have been renovated w/updated baths, kitchen, stainless app & new floors. W/D in all units except for small non-conforming studio. Very strong occupancy in a high demand rental mkt w/ room to increase rents to market. Exceptional development opportunity to develop 5-townhomes on the parcel, 3-bed twnhm w/garages, while maintaining income from existing 6-units. Near transit, eateries, shopping and much more.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2347941
Property Details
Property Type
- Land
Est. Annual Taxes
- $18,135
Lot Details
- 0.28 Acre Lot
- Street terminates at a dead end
- Secluded Lot
- Corner Lot
- Sloped Lot
- Zoning described as Multi-Family,Residential,See Remarks
Parking
- Garage
Property Views
- Ocean
- Views of a Sound
- Mountain
- Territorial
Community Details
- No Home Owners Association
- Lincoln Beach Add Condos
- Lincoln Park Subdivision
Listing and Financial Details
- Tax Lot 5, 3
- Assessor Parcel Number 4315700741
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 | $18,135 | $1,726,000 | $1,725,000 | $1,000 |
| 2023 | $14,563 | $1,594,000 | $1,593,000 | $1,000 |
| 2022 | $14,481 | $1,553,000 | $1,543,000 | $10,000 |
| 2021 | $14,238 | $1,431,000 | $1,421,000 | $10,000 |
| 2020 | $13,945 | $1,344,000 | $1,219,000 | $125,000 |
| 2018 | $13,747 | $1,323,000 | $1,217,000 | $106,000 |
| 2017 | $11,951 | $1,292,000 | $1,104,000 | $188,000 |
| 2016 | $11,442 | $1,155,000 | $1,052,000 | $103,000 |
| 2015 | $8,133 | $1,084,000 | $988,000 | $96,000 |
| 2014 | -- | $763,000 | $762,000 | $1,000 |
| 2013 | -- | $664,000 | $663,000 | $1,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | For Sale | $2,900,000 | +144.1% | $646 / Sq Ft |
| 03/31/2017 03/31/17 | Sold | $1,188,000 | -6.8% | $314 / Sq Ft |
| 01/08/2017 01/08/17 | Pending | -- | -- | -- |
| 11/19/2016 11/19/16 | For Sale | $1,275,000 | -- | $337 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,188,000 | Old Republic T | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $789,000 | New Conventional | |
| Closed | $825,000 | No Value Available |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2347941
APN: 431570-0741
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Based on information submitted to the MLS GRID
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