$950,000
Est. $4,889/mo2 bd•1 ba•1,010 sq ft
1500 31st Avenue, Seattle, WA 98122
• Listed 2026-07-06•42 days on market
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Exceptional opportunity for builders, developers, investors, or anyone looking to build in Seattle's sought-after Madrona neighborhood. Skip the time, expense, and uncertainty of Seattle's permitting process—Seller has already secured building permits (#7050347-CN & #7088573-CN), along with a completed survey, arborist report, and fully engineered plans (no steel beam/column, R-21 exterior wall, simple standard size window package). Approved plans feature an approximately 3,300 SF, 3-story residence with 5 bedrooms, 5.5 bathrooms, and covered view decks at levels 2&3, plus a detached 800 SF ADU with 1 bedroom, 1.5 bathrooms, a full kitchen, and a living area. Partial views of Downtown Seattle and Portage Bay. Conveniently located near parks, cafes, shopping, and local amenities. Approved plans and supporting reports transfer at closing and are included in the list price.
Open houses
No upcoming open houses scheduled for this property.
$931,000
-$19,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $602K and $925K.
Rental earnings
$2,800/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$649,750Last sold price
1524 30th Avenue, Seattle, WA 98122
$800,000Last sold price
1117 34th Avenue #b, Seattle, WA 98122
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
1500 31st Avenue, Seattle, WA 98122
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.
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 7, 2026 at 05:03am (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by Lihai Wang-Schmid • Lake & Company
Listing updated: July 7, 2026 at 05:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2549941
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
$1,210,000 Sold
4 weeks ago
•Single Family
2011 E James Street, Seattle, WA 98122
4%
Under list
—
Days on market
0.8 mi
Distance
$2,482,500 Sold
4 weeks ago
4 bd•3.5 ba•~3,686 sq ft•Single Family
1632 35th Avenue, Seattle, WA 98122
4%
Under list
—
Days on market
0.2 mi
Distance
$670,000 Sold
4 weeks ago
3 bd•1.75 ba•~1,343 sq ft•Single Family
1722 Martin Luther King Jr Way, Seattle, WA 98122
1%
Under list
—
Days on market
0.3 mi
Distance
$899,000 Sold
7 weeks ago
3 bd•2 ba•~1,670 sq ft•Single Family
914 B 15th Avenue, Seattle, WA 98122
0%
Under list
—
Days on market
1.0 mi
Distance
$810,000 Sold
3 months ago
5 bd•1.75 ba•~1,603 sq ft•Single Family
943 23rd Avenue, Seattle, WA 98122
0%
Over list
—
Days on market
0.5 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 Aug 2026
