INVESTMENT OPPORTUNITY! Excellent opportunity to develop this .24 acre property in the Cedar Park community. This predominantly level lot has a slight slope at the rear of property, and is located north of Matthews Beach and close to Burke Gilman Trail. This offers a fantastic opportunity for the right buyer looking to see their dream home come to life. Rear ally access available via 120th St. to provide a second entrance at the back of the property for development of a second lot or separate ADU access, if permitted. Property will require cash/private money to finance. Property sold in as-is condition. Value is in the land. Buyer to confirm all information to their satisfaction.
Sold
Listed by: RE/MAX Integrity
Bought with: Real Property Associates
$1,240,000
12031 40th Avenue NE, Seattle, WA 98125
2beds
1,330sqft
Single Family Residence
Built in 1926
10,445.69 Square Feet Lot
$1,210,100 Zestimate®
$932/sqft
$3,274 Estimated rent
Home value
$1,210,100
$1.11M - $1.32M
$3,274/mo
Zestimate® history
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$7,497/mo
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Zillow last checked:
Listing updated:
Listed by:
Carol Fisher,
RE/MAX Integrity,
Lauren Hembry,
RE/MAX Integrity
Bought with:
Sarah McCormick, 20114793
Real Property Associates
Source: NWMLS as distributed by MLS GRID,MLS#: 2199089
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Lower
Other
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Baseboard, Forced Air, Electric, Natural Gas
Cooling
- None
Appliances
- Included: GarbageDisposal_, Garbage Disposal, Water Heater: Electric, Water Heater Location: Basement
Features
- Ceiling Fan(s)
- Flooring: Ceramic Tile, Vinyl, Carpet
- Windows: Double Pane/Storm Window, Skylight(s)
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 1,330
- Total interior livable area: 1,330 sqft
Property
Parking
- Total spaces: 1
- Parking features: RV Parking, Detached Garage, Off Street
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Ceramic Tile, Wall to Wall Carpet, Ceiling Fan(s), Double Pane/Storm Window, Skylight(s), Vaulted Ceiling(s), Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 10,445 sqft
- Dimensions: 208 x 51
- Features: Paved, Value In Land, Cable TV, Deck, Fenced-Partially, Gas Available, Outbuildings, RV Parking, Shop
- Topography: Level,PartialSlope
- Residential vegetation: Garden Space
Details
- Parcel number: 8820901170
- Zoning description: Jurisdiction: City
- Special conditions: Standard
- Other equipment: Leased Equipment: N/A
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Block, Poured Concrete
- Roof: Composition,Torch Down
Condition
- Fixer
- Year built: 1926
Utilities & green energy
- Electric: Company: Seattle City Light-PSE(gas)
- Sewer: Sewer Connected, Company: Seattle Public Utilities
- Water: Public, Company: Seattle Public Utilities
- Utilities for property: Xfinity/Comcast, Xfinity/Comcast
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Lake City
Other
Other facts
- Cumulative days on market: 746 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $1,240,000+94.1%$932/sqft |
Source: Public Record Report a problem | ||
| 3/14/2024 | Sold | $639,000$480/sqft |
Source:  NWMLS as distributed by MLS GRID #2199089 Report a problem | ||
| 2/19/2024 | Pending sale | $639,000$480/sqft |
Source: NWMLS as distributed by MLS GRID #2199089 Report a problem | ||
| 2/15/2024 | Listed for sale | $639,000$480/sqft |
Source: NWMLS as distributed by MLS GRID #2199089 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,978 +164.8% | $1,710,000 +171.9% |
| 2024 | $6,789 +341.1% | $629,000 +104.2% |
| 2023 | $1,539 | $308,000 |
| 2022 | -- | $308,000 |
| 2021 | $1,500 +1.9% | $308,000 |
| 2020 | $1,473 +4.5% | $308,000 |
| 2019 | $1,409 +2.4% | $308,000 |
| 2018 | $1,376 -2.8% | $308,000 -27.5% |
| 2017 | $1,416 +14.6% | $425,000 +19.7% |
| 2016 | $1,235 | $355,000 +9.2% |
| 2015 | $1,235 | $325,000 +14% |
| 2014 | $1,235 | $285,000 +7.5% |
| 2013 | $1,235 | $265,000 +12.3% |
| 2012 | -- | $236,000 -10.9% |
| 2011 | -- | $265,000 -14% |
| 2010 | -- | $308,000 |
| 2009 | -- | $308,000 +13.2% |
| 2007 | -- | $272,000 +10.6% |
| 2006 | -- | $246,000 +5.6% |
| 2005 | -- | $233,000 +21.4% |
| 2001 | $2,303 +3.2% | $192,000 +8.5% |
| 2000 | $2,232 | $177,000 |
Find assessor info on the county website
Neighborhood: Cedar Park
Nearby schools
GreatSchools rating
- 9/10Cedar Park Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 8/10Jane Addams Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Nathan Hale High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$1,210,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,210,100
- Washington
- King County
- Seattle
- 98125
- Cedar Park
- 12031 40th Avenue NE
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