Prime Development Opportunity! Builders and investors—this is your chance to capitalize on a high-demand location 2-parcel near Alderwood Mall! The true value is in the land, as the existing home was damaged by fire. This MR-zoned lot consists of two parcels with the potential for multiple units, offering endless possibilities—townhomes, multi-family residences, condos, or single-family homes. Surrounded by newer developments, this area is experiencing tremendous growth. Enjoy unmatched convenience with easy access to I-5, I-405, and the newly opened Lynnwood Sound Transit Light Rail, making commuting a breeze. Located near Boeing, parks, and major shopping centers. This is a rare opportunity to invest in a rapidly developing community!
Sold
Listed by: KG Realty • Olga Kovalevich
Bought with: Skyline Properties, Inc.
$540,000
2615 156th Street SW, Lynnwood, WA 98087
3beds
1,290sqft
Single Family Residence
Built in 1963
0.61 Acres Lot
$521,100 Zestimate®
$419/sqft
$2,762 Estimated rent
Home value
$521,100
$485,000 - $563,000
$2,762/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Olga Kovalevich,
KG Realty
Bought with:
Jude Ogunleye, 131492
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2338780
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, None, Electric
Cooling
- None
Features
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,290
- Total interior livable area: 1,290 sqft
Property
Parking
- Parking features: Driveway
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Fireplace
Lot
- Size: 0.61 Acres
- Topography: Level
Details
- Parcel number: 00372900600102
- Zoning: MR
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1963
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: Lynnwood
Location
- Region: Lynnwood
Financial & listing details
- Price per square foot: $419/sqft
- Tax assessed value: $545,000
- Annual tax amount: $4,844
- Date on market: 8/30/2025
- Cumulative days on market: 326 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2025 | Sold | $540,000-6.1%$419/sqft |
Source:  NWMLS as distributed by MLS GRID #2338780 Report a problem | ||
| 9/1/2025 | Pending sale | $575,000$446/sqft |
Source: NWMLS as distributed by MLS GRID #2338780 Report a problem | ||
| 8/26/2025 | Listed for sale | $575,000+15%$446/sqft |
Source: NWMLS as distributed by MLS GRID #2338535 Report a problem | ||
| 11/12/2021 | Sold | $499,950+194.1%$388/sqft |
Source: NWMLS as distributed by MLS GRID #1865120 Report a problem | ||
| 9/10/2004 | Sold | $170,000$132/sqft |
Source: NWMLS as distributed by MLS GRID #24085054 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,554 -6% | $545,000 -6% |
| 2023 | $4,844 -19.9% | $579,800 -24% |
| 2022 | $6,051 -0.4% | $763,300 +22% |
| 2021 | $6,078 +21.5% | $625,800 +22.9% |
| 2020 | $5,004 -2.8% | $509,400 +9.5% |
| 2019 | $5,147 | $465,100 +13.5% |
| 2018 | -- | $409,600 +21.9% |
| 2017 | $4,565 +38.2% | $335,900 +16% |
| 2016 | $3,302 | $289,500 +13% |
| 2015 | $3,302 +33.5% | $256,300 +42.1% |
| 2013 | $2,474 | $180,400 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,873 -0.6% | $131,200 |
| 2000 | $1,885 | $131,200 |
Find assessor info on the county website
Neighborhood: North Lynnwood
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Nearby schools
GreatSchools rating
- 4/10Spruce Primary SchoolGrades: K-6Distance: 1.4 mi
- 9/10Meadowdale Middle SchoolGrades: 7-8Distance: 2.6 mi
- 8/10Meadowdale High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$521,100
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
$521,100
- Washington
- Snohomish County
- Lynnwood
- 98087
- North Lynnwood
- 2615 156th Street SW
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