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    120xx May Creek Park Dr Newcastle, WA 98059

    Sponsored
    For Sale
    $119,500

    Wooded 0.67 acre lot, buildable with RUE permit.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 0.671-acre (29,250 sq ft) residential lot in desirable Newcastle, WA (98059), presents a unique opportunity. Located at 120xx SE May Creek Park Dr, this beautifully wooded property features a seasonal creek. While offering a secluded, country-like feel, it enjoys convenient access to Bellevue and Renton. The lot is priced to sell, though building may present challenges due to slope and stream buffer; a RUE permit process is required for one home. Prospective buyers should consult with the city and a wetland consultant for detailed information regarding development. Utilities (sewer, water, electricity) are available at the street, and the area boasts paved roads, curbs, gutters, and sidewalks. Investors, builders, and developers may also find this property attractive, potentially for density credit transfer or mitigation purposes. The asking price is $119,500.

    Property Features for 120xx May Creek Park Dr

    General Information

    Property type
    Land
    Lot Size
    29,229 SF

    HighLights

    • $119,500 asking price for a residential land parcel.
    • 0.671‑acre lot located in Newcastle, WA.
    • King County location with utilities (sewer, water, electricity) available at the street.
    • Wooded lot with a seasonal creek; requires RUE permit for single‑family home construction due to slope and stream buffer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Newcastle
    County
    King
    State
    Washington
    Longitude
    -122.17922171124
    Latitude
    47.523084797304

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    FAQs

    What type of property is this?
    Land - Wooded 0.67 acre lot, buildable with RUE permit.
    Where is this land located?
    The property is located at 120xx May Creek Park Dr Newcastle, WA.
    What is the asking price?
    The asking price for this property is $119,500.
    What are key features of this property?
    This property features: $119,500 asking price for a residential land parcel.; 0.671-acre lot located in Newcastle, WA.; King County location with utilities (sewer, water, electricity) available at the street.
    (253) 631-9545
    Request Owner's contact information
    120xx May Creek Park Dr Newcastle, WA 98059
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    Newcastle, WA 98059
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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
    120xx May Creek Park Dr Newcastle, WA 98059
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