$700,000
Builder opportunity in established NW Kenmore. 1.54 wooded acres zoned R-6 with paved frontage on 61st Ave NE, public water and a 12" sewer main in the street. The homework is done: a July 2026 boundary/topo survey and a May 2026 critical areas delineation are complete, so you can move straight to design. The seller's civil engineer estimates ±17,600 SF of buildable area (front ±5,275 SF, rear ±12,323 SF), supporting 2 units under current code. That is a land basis of $350,000 per unit. Build two units on the front home site, or one home in front and one on the private, higher rear pocket (rear access requires an easement). Buffer averaging or enhancement may add buildable area. Time-sensitive: Kenmore is weighing wider stream buffers, with adoption possible as soon as late 2026. A complete application filed before adoption can vest today's 100-ft standard, and at 150 ft the front buildable area is lost. The 1932 cottage (700 SF) and outbuildings are sold as-is; the value is in the land. Survey, critical areas letter, engineering update and Offering Memorandum available on request. Seller favors a short feasibility period and a quick close. Northshore School District. Buyer to verify all information with the City of Kenmore.
2590281
MLS
⋅
ACTIVE
Status
19534 61st Avenue NE, Kenmore
Listing Broker: eXp Realty; Lee Jennings; 206-419-8303; leejenningsrealtor@gmail.com
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