$995,000
Est. $5,026/mo1 bd•1 ba•1,440 sq ft
215 31st Avenue E, Seattle, WA 98112
• Listed 2026-07-10•New today
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Based on information submitted to the MLS GRID as of July 10, 2026 at 11:27am (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.
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**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.
Listed by Anastasia Miles • Windermere Real Estate/East
Listing updated: July 10, 2026 at 11:27am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2550121
Open houses
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Open Sat, Jul 11$1,009,000
+$14,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $585K and $885K.
Rental earnings
$3,025/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$885,000Last sold price
402 31st Avenue E, Seattle, WA 98112
$585,000Last sold price
202 24th Avenue E #6, Seattle, WA 98112
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.
215 31st Avenue E, Seattle, WA 98112
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.
Neighborhood mobility
7 programs may be available to provide you with up to $110,000 in down payment assistance, depending on your specific information.
$5,790 per month
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 13 days.
$1,375,000 Sold
4 days ago
4 bd•2.5 ba•~2,262 sq ft•Single Family
1808 E Mercer Street, Seattle, WA 98112
0%
Over list
—
Days on market
0.8 mi
Distance
$494,950 Sold
4 weeks ago
2 bd•1.5 ba•~960 sq ft•Single Family
206 24th Avenue E, Seattle, WA 98112
1%
Under list
—
Days on market
0.4 mi
Distance
$970,000 Sold
6 weeks ago
3 bd•1.5 ba•~1,430 sq ft•Single Family
913 24th Avenue E, Seattle, WA 98112
3%
Under list
—
Days on market
0.6 mi
Distance
$4,575,000 Sold
8 weeks ago
5 bd•2.5 ba•~4,460 sq ft•Single Family
1251 21st Avenue E, Seattle, WA 98112
4%
Over list
—
Days on market
1.0 mi
Distance
$980,000 Sold
2 months ago
3 bd•1.5 ba•~1,667 sq ft•Single Family
313 17th Avenue E #b, Seattle, WA 98112
2%
Under list
—
Days on market
0.8 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 Jul 2026
Seattle School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
