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    23 Cremona St Seattle, WA 98119

    For Sale
    $2,200,000

    Three adjoining parcels in Queen Anne, excellent redevelopment opportunity.

    Property size:
    9,004 SF

    Property Features for 23 Cremona St

    General Information

    Size
    9,004 SF

    Building Details

    Year built
    2000

    Source: LAKE & COMPANY REAL ESTATE Agent SARAH ROLLINGER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Queen Anne Redevelopment Opportunity

    This property presents an excellent redevelopment opportunity in the desirable Queen Anne neighborhood. It comprises three adjoining parcels (23, 25, 29) with a combined lot size of 9004 square feet. The LR3 Zoning allows for the construction of eight townhomes, cottage housing, or an apartment complex with up to 35 units, or 42 SEDU. The lot is relatively flat and benefits from both street and alley access. The property at 23 W Cremona features a well-sited custom home at the back of the lot. The home includes dual primary suites upstairs, a spacious living area with a soaring ceiling in the middle level, and a MIL suite, guest bedroom, and a 2-car garage with storage on the main level. This presents a profitable flip opportunity in addition to the development potential. A feasibility study is available, offering various development options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3588196
    Latitude
    47.6492318

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    FAQs

    What type of property is this?
    Residential land & home lot - Three adjoining parcels in Queen Anne, excellent redevelopment opportunity.
    Where is this residential land & home lot located?
    The property is located at 23 Cremona St Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity in Desirable Queen Anne with LR3 Zoning.; - Combined lot size of 9,004SF allows for eight townhomes, a 35-unit apartment complex, or 42 SEDU.; - Existing custom home offers a profitable flip opportunity.
    Request Owner's contact information
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    Seattle, WA 98119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Cremona St Seattle, WA 98119
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