$1,786,000
Est. $9,893/moPrice reduced $114,000 from the original $1,900,000 asking price
2802 148th Street SW, Lynnwood, WA 98087
• Listed Aug 13, 2026•69 days active · 69 cumulative
Listing Broker: Kelly Right RE of Seattle LLC; Anisa Ozegovic; 206-859-0014; anisaoze@gmail.com
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Listing Broker: Kelly Right RE of Seattle LLC; Anisa Ozegovic; 206-859-0014; anisaoze@gmail.com
About this home
17-UNIT TOWNHOME DEVELOPMENT – PRELIMINARY UNIT LOT SUBDIVISION APPROVED. Exceptional opportunity to acquire an advanced 17-unit townhome project in a prime Lynnwood location. The 17-Unit Preliminary Unit Lot Subdivision is approved, significantly reducing entitlement time and development risk. The Land Disturbing Activity (LDA) permit is in final review. Project consists of two 6-unit buildings and one 5-unit building with modern 3-story, 3- and 4-bedroom townhomes ranging from approx. 1,307–1,652 SF with attached garages and private outdoor spaces. Complete architectural plans and structural design for all three buildings are included with the sale, along with available civil, site, engineering and supporting project documents. This is not a raw-land development concept. The primary subdivision approval is in place, the LDA is nearing completion, and architectural and structural design is complete, providing a clear path toward final permits and construction. Excellent Lynnwood location with convenient access to I-5, light rail, shopping, dining, schools and major commuter routes. An exceptional opportunity for a builder or developer to avoid much of the time, cost and uncertainty associated with taking raw land through planning, entitlement and design
Listed by Anisa Ozegovic • Kelly Right RE of Seattle LLC
Listing updated: October 20, 2026 at 12:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2567527
Around this home
How much should you offer?
2802 148th Street SW, Lynnwood, WA 98087
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- Lake Stickney Elementary SchoolPublic · Grades K-5 · 0.9 mi · State rank 689 of 1,1384/10
- Alderwood Middle SchoolPublic · Grades 7-8 · 1.9 mi · State rank 236 of 5146/10
- Meadowdale High SchoolPublic · Grades 9-12 · 2.3 mi · State rank 88 of 3968/10
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
- 1.1 acres
- Lot square feet
- 47,916 sq ft
Zoning & use
- Zoning description
- Multi-Family,Residential
- Zoning jurisdiction
- County
- Possible use
- Multi-Family, Residential
- Restrictions
- No Restrictions
Utilities
- Utilities
- Electricity Connected, Natural Gas Available
- Electricity
- On Property
- Gas
- In Street
- Water
- Available
- Sewer
- Available, In Street
Road & access
- Road information
- County Right of Way
Surveys & reports
- Soil feasibility test
- Yes
- Sketch submitted
- Yes
- Reports and documents completed
- Drainage,Geotech,Topographical,Wetland Delineation
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $9,136
- Tax year
- 2026
- Senior exemption
- No
- Financing
- Cash, Conventional
- 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 2802 148th Street SW
NWMLS via MLS Grid · Snohomish 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 20, 2026Price reducedNWMLS via MLS Grid · #2567527$1,786,000
- Aug 13, 2026ListedNWMLS via MLS Grid · #2567527$1,900,000
- Dec 1, 2021SoldNWMLS via MLS Grid · #1869070$500,000
- Dec 1, 2021ListedNWMLS via MLS Grid · #1869070$500,000
Mortgage payment forecast
$11,101 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%.
Ask about this home
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Listing Broker: Kelly Right RE of Seattle LLC; Anisa Ozegovic; 206-859-0014; anisaoze@gmail.com
Market pulse
Lynnwood is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 46 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 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 October 21, 2026 at 4:02 AM 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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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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