Great corner lot for townhomes on an alley, 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center. The 5900sf lot is perfect for developing 5 townhomes under LR1 (M) zoning. Current permitting allows 1 unit per 1,150sf under this zoning. The current apartment houses have four units that are 2 bedroom 1 bath each which currently produce an annual NOI of $63,814 while permitting. Apartments have washer/dryers and there are 4 parking spots off of the alley. Please do not bother the Tenants.
Sold
Listed by: Ewing & Clark, Inc. • Richard Riley
Bought with: ZNonMember-Office-MLS
$1,225,000
3315 W Ruffner Street, Seattle, WA 98199
--beds
--baths
5,898Square Feet
Unimproved Land
Built in ----
5,898 Square Feet Lot
$1,104,700 Zestimate®
$--/sqft
$3,139 Estimated rent
Home value
$1,104,700
$884,000 - $1.35M
$3,139/mo
Zestimate® history
Owner options
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$7,460/mo
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Est. payment
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Corner lot
Zillow last checked:
Listing updated:
Listed by:
Richard Riley,
Ewing & Clark, Inc.
Bought with:
Non Member ZDefault
ZNonMember-Office-MLS
Source: NWMLS as distributed by MLS GRID,MLS#: 2250709
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 5,898 Square Feet
- Dimensions: 50 x 118
- Topography: Level
Details
- Parcel number: 6821101845
- Zoning: LR1 (M)
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: On Property
- Sewer: Available
- Water: Available, Jurisdiction: Seattle
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Magnolia
Location
- Region: Seattle
Financial & listing details
- Tax assessed value: $1,212,000
- Annual tax amount: $10,418
- Date on market: 11/15/2024
- Cumulative days on market: 614 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2025 | Sold | $1,225,000-15.5% |
Source:  NWMLS as distributed by MLS GRID #2250709 Report a problem | ||
| 2/7/2025 | Pending sale | $1,450,000 |
Source: NWMLS as distributed by MLS GRID #2257616 Report a problem | ||
| 1/22/2025 | Listed for sale | $1,450,000+141.7% |
Source: NWMLS as distributed by MLS GRID #2250709 Report a problem | ||
| 9/10/2004 | Sold | $600,000+84.6% |
Source: NWMLS as distributed by MLS GRID #24074066 Report a problem | ||
| 10/10/1997 | Sold | $325,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,834 +9.5% | $1,212,000 +1.9% |
| 2024 | $11,716 +12.5% | $1,189,000 +11.1% |
| 2023 | $10,418 +2.8% | $1,070,000 -8.1% |
| 2022 | $10,139 +9.5% | $1,164,000 +19.4% |
| 2021 | $9,259 +4.8% | $975,000 +10.4% |
| 2020 | $8,839 -3.2% | $883,000 -4.7% |
| 2019 | $9,131 +14.9% | $927,000 +3.6% |
| 2018 | $7,947 -8.5% | $895,000 +4.4% |
| 2017 | $8,688 +45.4% | $857,000 +9.6% |
| 2016 | $5,974 | $782,000 +10.8% |
| 2015 | $5,974 | $706,000 +16.7% |
| 2014 | $5,974 | $605,000 +3.6% |
| 2013 | $5,974 | $584,000 +13.6% |
| 2012 | -- | $514,000 -17.5% |
| 2011 | -- | $623,000 -6% |
| 2010 | -- | $663,000 |
| 2009 | -- | $663,000 +4.6% |
| 2007 | -- | $634,000 -0.2% |
| 2006 | -- | $635,000 +8.4% |
| 2005 | -- | $586,000 +61.4% |
| 2001 | $4,261 +13.2% | $363,000 +19.8% |
| 2000 | $3,765 | $303,000 |
Find assessor info on the county website
Neighborhood: Magnolia
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Nearby schools
GreatSchools rating
- 8/10Lawton Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10McClure Middle SchoolGrades: 6-8Distance: 2.2 mi
- 9/10Ballard High SchoolGrades: 9-12Distance: 2.1 mi
- Washington
- King County
- Seattle
- 98199
- Magnolia
- 3315 W Ruffner Street
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