Sold874d on market
7971 Martin Luther King Jr Way S
Seattle, WA, 98118 • South Beacon Hill • King County
$1,250,000
0.72 acLot
Property DNA
Seattle
South Beacon Hill
Market activity
Demand and pricing signals for this listing
6 views
People checking out this listing
874 days on market
Established listing
About this home
Lot
5 lot short plat approved and ready for a Builder / Developer. 31,472 sq ft lot. See attached rendering of lot configurations. One of the last multi-lot opportunities in the area. LR2 /multi family just N & S gives opportunity for variance /rezoning potential. Less than 1 block is Sound Transit Light Rail link & Bus. Great Access to Freeway, Schools, Downtown, Shopping. Great Growth area. New construction selling for $900's. RARE opportunity on MLK Jr. Way S!
Estimated monthly payment
Based on current rates
$7,734/month
Principal & Interest$6,068
Property Tax$1,250
Insurance$417
Down payment20% ($250,000)
3%50%
Est. 6.11% rate · 30yr fixed · $1,000,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerAvailable, In Street / In Street
Parking & Outdoor
Lot0.72 Acres
Location & Tax
NeighborhoodSouth Beacon Hill
Annual tax$5,768
Parcel4006000380
Features & details
2 categories of property features
Exterior Features
Utilities
Natural Gas Available
Electricity Available
Gas
On Property
Listing insights
Market data and value estimates
StatusSold
Days on market874
Est. rent$2,249/mo
Tax rate0.82%
On marketSep 4, 2023
PostedJul 12, 2021
Last sold$1,250,000
MLS statusSold
MLS updatedNov 16, 2023
Tour days6
Views6
How are the schools in Seattle?
3 schools rated nearby
Location
Seattle, WA, 98118
Price history
7 events
DateEventPrice$/sqftSource
Nov 15, 2023Sold$1,250,000—NWMLS as distributed by MLS GRID
Sep 8, 2021Pending Sale$1,250,000—NWMLS as distributed by MLS GRID
Jan 1, 2021Listing Removed$1,250,000—James & Associates R.E. Inc.
Oct 7, 2020Price Change$1,250,000—James & Associates R.E. Inc.
Nov 19, 2018Price Change$899,000—James & Associates R.E. Inc.
Oct 16, 2018Listed For Sale$899,900—James & Associates R.E. Inc.
Jan 17, 2018Sold$528,505—Public Record
Sold$1,250,000
Nov 15, 2023•NWMLS as distributed by MLS GRID
Pending Sale$1,250,000
Sep 8, 2021•NWMLS as distributed by MLS GRID
Listing Removed$1,250,000
Jan 1, 2021•James & Associates R.E. Inc.
Price Change$1,250,000
Oct 7, 2020•James & Associates R.E. Inc.
Price Change$899,000
Nov 19, 2018•James & Associates R.E. Inc.
Listed For Sale$899,900
Oct 16, 2018•James & Associates R.E. Inc.
Sold$528,505
Jan 17, 2018•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$3,994$322,000
Apr 8, 2023$5,082$460,000
Apr 8, 2022$4,931$501,000
Apr 8, 2021$2,505$191,300
Apr 8, 2020$6,124$406,000
Apr 8, 2019$6,639$483,000
Apr 8, 2018$5,771$453,000
Apr 8, 2017$5,769$407,000
Apr 8, 2016$4,588$344,000
Apr 8, 2015$4,588$309,000
Apr 8, 2014$4,588$278,000
Apr 8, 2013$4,588$247,000
Apr 8, 2012—$247,000
Apr 8, 2011—$278,000
Apr 8, 2010—$173,000
Apr 8, 2009—$173,000
Apr 8, 2007—$173,000
Apr 8, 2006—$173,000
Apr 8, 2005—$173,000
Apr 8, 2001$2,555$173,000
Apr 8, 2000$2,403$191,000
Nearby homes
Neighborhood details
Local context around this listing
Seattle, WA • King County
Nearby neighborhoods
AdamsCapitol HillFirst HillFremontGreenwoodMagnoliaMinorRavennaUniversity DistrictWallingford
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040981039810598109981159811798118981229812598133
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Based on information submitted to the MLS GRID as of 2026-04-08 03:38:27 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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