tomo logo

$1,799,000

Beds
5
Baths
1.0
sq ft
3,020

6565 5th Ave NE, Seattle, WA 98115

6565 5th Ave NE

Seattle, WA 98115

  • 25 days on market
Incredible development opportunity in the heart of Green Lake! This level lot is zoned LR3 and is in the final stage of permitting. Future 17 unit building offering studio, one and two bedrooms has strong cap rate potential. Current home can provide rental income through start of construction. Fantastic location just steps from Green Lake Park, an outdoor enthusiast's playground with swimming, fishing, paddle boats, biking, pickleball, wading pool and more. Enjoy a variety dining options with everything from neighborhood coffee shops to fine cuisine. Excellent commuter options nearby with quick, easy access to downtown.

Details

Property type

Single Family Residence

Est. home value

$1,223,210

Lot size

4,500 sq ft

Price per sq ft

$596

Year built

1921

Annual property taxes

$11,172

Price History

04/25/2024
NorthwestMLS

NorthwestMLS #2227307

Listed
$1,799,000
+33.26%
03/10/2022
NorthwestMLS

NorthwestMLS #1888392

Sold
$1,350,000

Schools & Community

Neighborhood: 

Green Lake

Elementary school: 

Green Lake

Middle school: 

Eckstein Mid

High school: 

Roosevelt High

School district: 

Seattle

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

1St Security Bank Of Washington

Loan start date

May 2022

Original loan amount

$1,012,500

Est. remaining balance

Not provided

Interest rate

4.67%

Loan type

Stand Alone Second

Seller

Aerie At Green Lake Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 05/20/2024 at 2:40 AM

Listing updated: 05/17/2024 at 4:19 PM

Listed by: Sheri A. Putzke, Windermere Real Estate/East Phone #: (425) 822-5100

MLS: NorthwestMLS #2227307

NorthwestMLS logo

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