$1,400,000
Est. $7,587/moPrice reduced $300,000 from the original $1,700,000 asking price
601 21st Avenue, Seattle, WA 98122
• Listed May 28, 2026•166 days active · 166 cumulative
Listing Broker: Asay Realty; Trevor Asay; 206-653-4555; trevor@asayrealty.com
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Listing Broker: Asay Realty; Trevor Asay; 206-653-4555; trevor@asayrealty.com
About this home
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI
Listed by Trevor Asay • Asay Realty
Listing updated: October 16, 2026 at 03:59pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2530638
Around this home
How much should you offer?
601 21st Avenue, Seattle, WA 98122
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Multi-Family
Schools
Ratings via SchoolDigger- Bailey Gatzert Elementary SchoolPublic · Grades PK-5 · 0.6 mi · State rank 841 of 1,1382/10
- Washington Middle SchoolPublic · Grades 6-8 · 0.6 mi · State rank 160 of 5146/10
- Nova High SchoolPublic · Grades 9-12 · 0.2 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.08 acres
- Lot square feet
- 3,600 sq ft
Zoning & use
- Zoning jurisdiction
- City
Utilities
- Utilities
- Electricity Connected, Natural Gas Available
- Electricity
- On Property
- Gas
- On Property
- Water
- Available
- Sewer
- Available
Road & access
- Road surface
- Paved
- Road information
- Paved
Surveys & reports
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $678
- Tax year
- 2025
- Senior exemption
- Yes
- Financing
- Cash, Conventional, Owner Will Carry, See Remarks
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 601 21st Avenue
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 16, 2026Price reducedNWMLS via MLS Grid · #2530629$1,400,000
- Oct 16, 2026Price reducedNWMLS via MLS Grid · #2530638$1,400,000
- May 28, 2026ListedNWMLS via MLS Grid · #2530629$1,700,000
- May 28, 2026ListedNWMLS via MLS Grid · #2530638$1,700,000
- Jan 11, 1999Recorded saleKing County recorder · Statutory warranty deed$80,000
Mortgage payment forecast
$7,994 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Asay Realty; Trevor Asay; 206-653-4555; trevor@asayrealty.com
Market pulse
Seattle is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 62 days.
Recent sales nearby
Within 1 mile · last 6 months$825,000 Sold
0 days ago
3 bd•1.75 ba•~1,501 sq ft•Single Family
1757 17th Avenue, Seattle, WA 98122
0%
Over list
22
Days on market
0.7 mi
Distance
$807,000 Sold
0 days ago
3 bd•1.75 ba•~1,501 sq ft•Single Family
1751 17th Avenue, Seattle, WA 98122
1%
Over list
40
Days on market
0.7 mi
Distance
$1,200,000 Sold
1 day ago
4 bd•2.5 ba•~2,080 sq ft•Single Family
906 29th Avenue, Seattle, WA 98122
2%
Under list
52
Days on market
0.5 mi
Distance
$2,400,000 Sold
6 days ago
6 bd•3.75 ba•~3,400 sq ft•Single Family
1123 31st Avenue, Seattle, WA 98122
4%
Under list
63
Days on market
0.7 mi
Distance
$1,160,000 Sold
2 weeks ago
3 bd•1.5 ba•~1,695 sq ft•Single Family
822 31st Avenue, Seattle, WA 98122
5%
Under list
37
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 10, 2026 at 5:56 PM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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HO
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