2331 E Madison St, Seattle, WA 98112

Commercial · Seattle · Seattle-Bellevue metro, WA

One of 1,256 reachable commercial buildings in Seattle. Larger than 9% of commercial buildings in Seattle (median 13,352 SF), derived from assessor records.

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Building size: 1,484 SF, King County Assessor
Lot size: 1,721 SF, King County Assessor
Year built: 2010, King County Assessor
Stories: 2, King County Assessor
Predominant use: Live-Work Unit, King County Assessor
Assessed value: $1,038,800, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $700/SF, derived from assessor records
Lot coverage: 86%, derived from assessor records
Vintage: 2010s vintage
Zoning: NC2-55 (M), King County
County use code: Townhouse Plat

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

2320 E Madison St, Seattle · 0 mi · 8,817 SF · built 2017 · assessed $547.81/SF
212 23rd Ave E, Seattle · 0.1 mi · 4,485 SF · built 2009 · assessed $544.04/SF
2200 E Madison St, Seattle · 0.1 mi · 105,335 SF · built 2013 · assessed $327.88/SF
216 23rd Ave E, Seattle · 0.1 mi · 4,517 SF · built 2009 · assessed $540.18/SF
1700 23rd Ave, Seattle · 0.2 mi · 26,321 SF · built 1991 · assessed $432.77/SF
1811 20th Ave, Seattle · 0.3 mi · 14,710 SF · built 2016 · assessed $175.26/SF

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Sale history and market context

MakeMe Estimate: $1,147,511 (estimated market value), with a likely range of $972,398 to $1,403,013 (half of recent verified sales in this segment landed inside that range). Based on 139 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2014-02-19 for $486,250 (recorded arm's-length sale).

Current ownership dates to 2014 (about 12 years) per recorded transfers.

2014-02-19: $486,250 from Private party to Ed Swaya LLC, rec. 20140224001587

2010-03-24: $500,000 from Site Double 01 LLC to JK Ventures LLC, rec. 20100326001038

2 administrative transfers (no consideration), 2008 to 2010

2006-01-30: $600,000 from Private party to Private party, rec. 20060201001885

2005-01-18: $350,000 from Private party to Private party, rec. 20050121002041

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $197,900 (2011) to $1,038,800 (2026), up 425% over 15 years, per county tax rolls. The 2026 roll splits $1,038,800 into $688,400 land and $350,400 improvements.

Zoning: NC2-55 (M) (per King County)

Lot: 1,721 sq ft

Nuisance flags: Traffic noise

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Office Building 1,484 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2014-03-28: Remodel, declared value $40,000 (Complete), permit 6402306

2008-02-04: Building, New, declared value $334,000 (Complete), permit 6143472

2008-02-04: Building, New, declared value $215,726 (Complete), permit 6130642

2008-01-11: Building, New (Complete), permit 3007395

Source: King County permit records (newest first).