#2334811, Greg Perry, Listing Office: The Preview Group
$2,999,950 List price
5520 University Way NE Seattle, WA 98105
0.2 acres
Land
Property details
About 5520 University Way NE
Discover an exceptional development opportunity located in the vibrant heart of the U-District. Situated just blocks away from the University of Washington and the new Roosevelt light rail station, this property offers unparalleled convenience & connectivity. This location promises a dynamic urban lifestyle w/proximity to Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joes, bars & eateries. The 7440 sf lot is currently zoned NC2P-40, in future up zone area of U-District! Seize the opportunity with this ideal development site. Not only a prime location, and w/possible height limit increasing from 40 to 65. Whether you are looking to invest in student housing, retail or mixed use, this site holds immense potential!
Highlights
StatusActive
Lot size0.1708 Acres
MLS #2345797
ViewTerritorial
Summary
- View: Territorial
- List Price: $2,999,950
- Annual Tax Amount: $22,021
- Tax Year: 2023
- Lot: Curbs, Open Lot, Paved, Sidewalk
- Directions: Use GPS for directions.
- Lot Size: 0.1708 Acres
- MLS Number: 2345797
- MLS Name: NWMLS
- Office Name: COMPASS
- Office Phone: (425) 242-6440
- Listing Agent: Mary Pong
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2025, 2:47:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,999,950
5520 University Way NE
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $2,380,800 | $22,021 |
| 2020 | $2,380,800 | $17,526 |
| 2018 | $1,674,000 | $14,199 |
| 2017 | $1,376,400 | $13,460 |
History based on county public records data.
Nearby schools
9
McDonald International Elementary School
Public District KG-5
0.6 mi
•144 NE 54th St
5
Green Lake Elementary School
Public District PK-5
0.9 mi
•2400 N 65th St
10
John Stanford International Elementary School
Public District KG-5
1.0 mi
•4057 5th Ave NE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,339. Typical income of Seattle, WA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
31%
<35k
39%
35k-100k
21%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
72%
Single, No Kids
3%
Single, with Kids
16%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
2%
12-17 yrs old
56%
18-34 yrs old
30%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Hiking/backpacking
Where do the neighbors shop?
H&M
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5520 University Way NE
The listing price of 5520 University Way NE property is $2,999,950.
The property 5520 University Way NE is land located in Seattle, Washington, 98105.
Active Listing: 5520 University Way NE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5520 University Way NE are: McDonald International Elementary School (GreatSchools Rating 9/10), Green Lake Elementary School (GreatSchools Rating 5/10), John Stanford International Elementary School (GreatSchools Rating 10/10), Eckstein Middle School (GreatSchools Rating 7/10), Hamilton International Middle School (GreatSchools Rating 9/10), TOPS K-8 School (GreatSchools Rating 8/10), Roosevelt High School (GreatSchools Rating 8/10), Middle College High School (GreatSchools Rating 7/10), Lincoln High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $22,021 (source: MLS/based on county public records data).
The property 5520 University Way NE is 0.171 acres.
The sq. ft. of 5520 University Way NE is not available (source: MLS/tax record).
This home is located at 5520 University Way NE in Seattle, WA and zip code 98105 in the Northeast neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 23, 2025 and is currently priced at $2,999,950.
Over 260 listings were sold over their listed price in March 2025 in Seattle, WA. In the same period over 241 listings were sold below the listed price and 262 listings were sold for the listed price. The number of homes for sale in Seattle, WA increased by 23.2% between February and March 2025. The median list price of listings available in March 2025 was $849,430, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.