Listing courtesy of Premier Homes and Land 206-937-4100
$999,999
Please see Virtual Tour #1***THIS IS A PROPERTY BEING SOLD TO APARTMENT/CONDO DEVELOPERS***In Seattle’s zoning code, for Lowrise 2 (LR2) with an M designation, there is a Mandatory Housing Affordability (MHA) overlay. This MHA program allows developers to achieve extra floor area (which can translate to more units) if they… Read More either provide affordable housing on-site or pay into the city’s affordable housing fund. Thus, by complying with the MHA requirements, a developer can gain added capacity (height, floor area) and potentially increase the number of units. Specific limits depend on lot size and other code factors. In Seattle's LR2-M zone, the exact height and floor area increase from the M designation depending on the city’s specific MHA tables. Typically, the M designation grants an extra 10 feet of height (e.g., from 40 feet to 50 feet). Floor area ratio (FAR) also increases—often by around 0.5 FAR. On a 4,500 sq ft lot, if the base FAR was, say, 1.2 (allowing 5,400 sq ft of building), an M increase to 1.7 FAR could allow about 7,650 sq ft total. Always confirm with the current city tables, as specifics can vary. This is a guestimate from the Broker and everything needs to be verified Property built before 1978 thus we are warning of Lead Paint (see disclosure phamplet in supplements) IF YOU ARE PLANNING TO DEVELOPE THIS SITE YOU WILL RENTAL INCOME WITH A LITTLE WORK TO SUPPLEMENT THE DEVELOPEMENT COSTS. Read Less
Listing courtesy of Premier Homes and Land 206-937-4100
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
0
Days on Website
0
Last Updated
Property Type
Duplex
Square Ft.
1,800
Lot Size
0.1 Acres
Year Built
1977
Property Tax
$7,873
MLS Number
2542473
30 Days Snapshot Of 98144
$1.18M
+35%
(avg) sold price
28
-9%
homes sold
51
-3%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Building
Building Area Total: 1800, Building Area Units: Square Feet, Building Name: Hicks Addition, Calculated Square Footage: 1800, Elevation Units: Feet, Leasable Area: 2040, Living Area: 0, Number Of Units Total: 2, Stories Total: 2, Structure Type: "Duplex", Units In Building Total: 2, Year Built: 1977, Year Built Effective: 1977
Property Condition: "Fair", Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio, Zoning Description: Multi-Family
Roof
Roof: "Composition"
Sewer
Sewer: "Sewer Connected", Sewer Company: Seattle Public Utilities
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: City Light, Power Production Type: "Electric", Water Company: Seattle Public Utilities, Water Source: "Public"
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The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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