1519 5th Avenue West

Seattle, WA 98119

$650,000
Price
6,043 / 0.14
Lot Size / Acres

Description

Unique opportunity to own a lot in the prime Queen Anne neighborhood that provides you with a steady stream of income from the ground lease. Yep, there is a 5-unit condominium built on the property and it pays monthly income to you, plus the property taxes and the insurance. The rental income increases yearly and when a property sells, so the income stream will also increase. So, you can park your money here and watch the land appreciate over time AND watch the income increase over time as well!...Unique opportunity to own a lot in the prime Queen Anne neighborhood that provides you with a steady stream of income from the ground lease. Yep, there is a 5-unit condominium built on the property and it pays monthly income to you, plus the property taxes and the insurance. The rental income increases yearly and when a property sells, so the income stream will also increase. So, you can park your money here and watch the land appreciate over time AND watch the income increase over time as well! 2024 gross rental income is $24,697.35
  1. Listed by Denise Seavitt • Realogics Sotheby's Int'l Rlty

Property Details for 1519 5th Avenue West

Community Name
Queen Anne
School District
Seattle
Entry Date
07-01-2024
Sewer
On Property
LISTING UPDATED: 11/14/2024 08:18 AM

Property Details for 1519 5th Avenue West

StatusActive
MLS #2237590
Days on Market170
Cumulative Days on Market157
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.14 AC
CountyKing County

Building Information for 1519 5th Avenue West

Lot Size0.14 AC

Property Information for 1519 5th Avenue West

Summary
Location and General Information
  • Style: 40 - Res-Less thn 1 Ac
  • Area: 700 - Queen Anne/Magnolia
  • Directions: Take QA Avenue up from Mercer to W Galer St and turn left (W) to 5th Ave W, then turn right (N) and the property is on your left (W) side of the street
  • Property Sub Type: VACL
  • Road Information: Paved
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Carport: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: On Property
  • Electric On Property: Yes
  • Gas Available: Not Available
  • Water Source: On Property
  • Utilities: Electricity Connected
Property and Assessments
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • Slope of Property: The lot is elevated from the sidewalk
  • Water Jurisdiction: City of Seattle
  • Restrictions: See Remarks
  • Lot Topography: Level
  • Easements: See ground lease documents
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 5
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: Realist and tax records
  • Parcel Number Free Text: 4362500000
  • Calculated Square Footage: 0
  • Structure Type: Unspecified
  • Road On Which Side: east
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Land
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Property History for 1519 5th Avenue West

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1519 5th Avenue West

Taxable ValueLand-Additions-Total-
Home Facts
Beds0Stories2Lot Size6,043 SqFtStyleCondominiumYear Built1956Year Renovated2002ZoningSF 5000CountyKINGAPN4362500000

Schools near 1519 5th Avenue West

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Hay Elementary School
PublicK to 5

Mcclure Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Residential Consortium
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1519 5th Avenue West is a 0.14 ac of land for sale in Seattle, WA 98119. This property was listed for sale on July 1, 2024 by Realogics Sotheby's Int'l Rlty, it's currently listed at $650,000. This listing's school district is Seattle Public Schools. Nearby schools include Hay Elementary School, Mcclure Middle School and Lincoln High School. 1519 5th Avenue West is a 0-bed, 0-bath, 0.14 ac of land on a 6,043 sq. ft. / 0.14 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realogics Sotheby's Int'l Rlty

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.