Investment opportunity in one of Seattle's most sought-after neighborhoods! Offered for the first time in over 60 years, this 2-bedroom, 1-bath home presents a rare chance to create value in a prime location between Madrona and the Central District. Situated on a quiet residential street just blocks from Lake Washington, the property offers incredible potential for investors, builders, flippers, or buyers with vision. The existing 720-square-foot home features a functional floor plan and provides a solid starting point for renovation, expansion, or redevelopment. Surrounded by established homes and ongoing neighborhood investment, this is an opportunity to secure a foothold in an area where demand continues to grow. Enjoy easy access to parks, waterfront recreation, acclaimed restaurants, coffee shops, shopping, and high-end grocery stores, all while maintaining the charm and community feel that make this neighborhood so desirable. Whether you're looking to restore, reimagine, or build new, opportunities like this are becoming increasingly rare. Bring your ideas and unlock the potential of this exceptional in-city property.
Active
Listed by: KW Greater Seattle • Jennifer Wallin
$552,950
3011 E Pine Street, Seattle, WA 98122
2beds
800sqft
Single Family Residence
Built in 1950
3,301 Square Feet Lot
$542,700 Zestimate®
$691/sqft
$-- HOA
What's special
Surrounded by established homesFunctional floor planQuiet residential street
- 3 days |
- 1,396 |
- 103 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jennifer Wallin,
KW Greater Seattle
Source: NWMLS as distributed by MLS GRID,MLS#: 2571755
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dryer, Stove(s)/Range(s), Washer, Dryer(s), Washer(s)
Features
- Flooring: Vinyl, Carpet
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 800
- Total interior livable area: 800 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Attached Garage
- Has attached garage: Yes
- Covered spaces: 1
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,301 Square Feet
- Features: Curbs, Paved, Cable TV, High Speed Internet
- Topography: Partial Slope
Details
- Parcel number: 9828202322
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Metal/Vinyl
- Foundation: Block, Poured Concrete
- Roof: Composition
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Available
- Water: Public
Community & HOA
Community
- Subdivision: Madrona
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $691/sqft
- Tax assessed value: $612,000
- Annual tax amount: $684
- Date on market: 8/19/2026
- Cumulative days on market: 5 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dryer(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$542,700
$516,000 - $570,000
$2,618/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $552,950$691/sqft |
Source:  NWMLS as distributed by MLS GRID #2571755 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $685 +3.9% | $114,000 |
| 2024 | $659 -13.3% | $114,000 |
| 2023 | $759 +5.4% | $114,000 |
| 2022 | $720 -0.5% | $114,000 |
| 2021 | $724 +1.2% | $114,000 |
| 2020 | $715 +5.1% | $114,000 |
| 2019 | $681 +3.8% | $114,000 |
| 2018 | $656 -0.5% | $114,000 -73.7% |
| 2017 | $659 +14.2% | $433,000 +22.3% |
| 2016 | $577 | $354,000 +7.6% |
| 2015 | $577 | $329,000 +17.1% |
| 2014 | $577 | $281,000 -0.4% |
| 2013 | $577 | $282,000 +13.3% |
| 2012 | -- | $249,000 +118.4% |
| 2011 | -- | $114,000 |
| 2010 | -- | $114,000 |
| 2009 | -- | $114,000 |
| 2007 | -- | $114,000 |
| 2006 | -- | $114,000 |
| 2005 | -- | $114,000 |
| 2001 | $483 +2.6% | $114,000 |
| 2000 | $471 | $114,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Madrona
Nearby schools
GreatSchools rating
- 4/10Madrona Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Edmonds S. Meany Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Garfield High SchoolGrades: 9-12Distance: 0.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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