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Listed by: Anastasia Miles | Windermere Real Estate/East (425) 822-5100
$995,000
Monthly Est:$4,952
1 Bed
1 Bath1 full bath
1,440sqft
215 31st Avenue E, Seattle, WA 98112
$995,000
$4,952/moEst:
Get Pre-Approved
Single Family Residence
Built in 1950
$-- HOA
4,400 sqft lot
$691/sq.ft
Description
**Exceptional Development Opportunity – The Value Is in the Land!** Prime 4,400 SF level lot (40' x 110') in one of Seattle's rapidly transforming neighborhoods. Builder activity is already underway with four new homes currently under construction directly across the street, highlighting the strong demand for new housing in the area. Zoned **Neighborhood Residential (NR)** under Seattle's Unified Development Code, this property offers exciting redevelopment potential. Four units are permitted by right with no discretionary design review required for that density. The site may also qualify for additional density through stacked-flat and/or frequent-transit bonus provisions due to its proximity to the Madison Street RapidRide G Line (buyer to verify). Potential eligibility for the 1.6 FAR tier allows approximately 7,000 SF of buildable floor area. Height limits are 32 feet, with potential for up to 42 feet through qualifying tree canopy incentives. An outstanding opportunity for builders, developers, and investors looking to capitalize on Seattle's evolving housing market. Buyer to verify all zoning, density, FAR, height, and development potential to their own satisfaction.
- Houzeo last checked: 12 hours ago
- Listing updated: September 25, 2026 at 2:26 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2550121
Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
Year Built
1950
HOA Fees
-
Finished Area
1,440 sqft
Lot Size
4,400 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2550121
MLS Status
Pending
Days on Market
85
Cumulative Days on Market
51
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathroom: 1
Entry Hall
Level: Main
Kitchen With Eating Space
Level: Main
Kitchen Without Eating Space
Level: Main
Living Room
Level: Main
Primary Bedroom
Level: Main
Bathroom Full
Level: Main
Interior
Exterior Features
Wood Products
Heating
Baseboard
Sewer
Sewer Connected
Cooling
None
Flooring
Slate, Carpet
Interior Features
Dbl Pane/storm Window, Walk In Closet(s)
Appliances
Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/range(s), Washer
Construction
Year Built
Year Built: 1950
Home type
Single Family Residence
Construction Materials
Wood
Foundation Details
Poured Concrete
Property Condition
Fixer
Roof
Composition
Utilities & Energy
Water Source
Public
Parking Features
Driveway
Basement
Daylight, Finished
Security Features
Partially Fenced
Other Features
Community Features
Park
Lot Features
Paved, Sidewalk, Value In Land
Subdivision Name
Madison Valley
Price History
| Date | Event | Price |
|---|---|---|
07/16/2026 Source: | Pending | $995,000 $691/sqft |
07/10/2026 Source: | Listed for Sale | $995,000 $691/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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