OFF MARKET

Listed by Paul Waln • RE/MAX Northwest. Bought with Windermere RE/Greenwood.

Off market apr 2016 for $842K

$1,170,551

Est. refi paymentEst. refi $5,146/mo

—

•

— ba

•

3,020

sq ft

525 W Raye St, Seattle, WA 98119

About this home

Owners are repositioning their equity into another area creating the opportunity to own this Queen Anne duplex with excellent location, old world charm and excellent rental history at an attractive 16.5 Gross Rent Multiplier (GRM). One unit with front porch, formal dining room, extensive original woodwork, large kitchen, in-unit laundry, fireplace, two bedrooms up and two non-conforming bedrooms down. Second unit extensively remodeled one bedroom, fireplace, laundry, updated kitchen and more.

Multi-familyProperty Type

1914Year Built

2,998 sq ftLot Size

$388Est. Price/Sq.Ft.

Listed by Paul Waln • RE/MAX Northwest

Listed by • RE/MAX Northwest

Bought with Hal Rappaport • Windermere RE/Greenwood

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #911072

Redfin Estimate

$1,170,551

$329K since sold in April 2016$43K since October

Recently sold homes
Estimate history

This home's estimate is 26.5% lower than the average sale price ($1.59M) of 6 comparable homes.

SOLD OCT 16, 2026
$1,695,000
A
4 beds2.5 baths2,880 sq ft
806 W Fulton St, Seattle, WA 98119
Listing provided by nwmls
SOLD BY REDFIN OCT 14, 2026
$1,585,000
B
4 beds2.5 baths2,220 sq ft
2141 7th Ave W, Seattle, WA 98119
Listing provided by nwmls
SOLD SEP 9, 2026
$1,280,000
C
5 beds3 baths2,580 sq ft
2541 10th Ave W, Seattle, WA 98119
Listing provided by nwmls
SOLD NOV 24, 2025
$1,245,000
D
3 beds2.5 baths2,470 sq ft
311 W Smith St, Seattle, WA 98119
Listing provided by nwmls
SOLD MAY 14, 2026
$1,550,000
E
4 beds3.5 baths2,450 sq ft
2609 10th Ave W, Seattle, WA 98119
Listing provided by nwmls
SOLD JUN 18, 2026
$2,195,000
F
3 beds3 baths2,980 sq ft
170 Lynn St, Seattle, WA 98109
Listing provided by nwmls

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Earn from this home

Sell

$565,980

Est. take-home

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Refinance

Est. cash available

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Market trends in North Queen Anne, WA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.9%

1.6% MoM

Median sale price

$1.3M

$102K MoM

Avg. days on market

20d

8 days MoM

Recently sold homes

2 MoM

New listings for sale

OPEN SAT, 11AM TO 1PM
$1,195,000
2 beds2.5 baths1,454 sq ft
525 W Prospect St Unit A, Seattle, WA 98119
Dorothee Graham • COMPASS
$675,000
2 beds1 bath880 sq ft
516 W Howe St, Seattle, WA 98119
Claudine Fleury • Lake & Company
$799,000
3 beds2 baths1,780 sq ft
626 W Emerson St, Seattle, WA 98119
Trish Coy • Windermere Mercer Island
$850,000
5 beds3 baths2,370 sq ft
3005 3rd Ave W, Seattle, WA 98119
Teo Okamura • John L. Scott, Inc.
$499,000
1 bed1 bath707 sq ft
530 4th Ave W #508, Seattle, WA 98119
Javila Creer • Windermere Real Estate Midtown
LISTED BY REDFIN
$349,950
1 bed1 bath704 sq ft
17 W Mercer St #213, Seattle, WA 98119
Redfin
3D & VIDEO TOUR
$575,000
2 beds2 baths981 sq ft
524 6th Ave W #407, Seattle, WA 98119
Kurt Genkin • Ensemble
LISTED BY REDFIN
$299,000
1 bed1 bath569 sq ft
520 2nd Ave W #201, Seattle, WA 98119
Redfin
$350,000
2 beds1 bath800 sq ft
2244 13th Ave W #313, Seattle, WA 98119
Junior Torres • Windermere RE Greenwood
3D WALKTHROUGH
$649,999
2 beds2 baths1,513 sq ft
601 W Mercer Pl #301, Seattle, WA 98119
Tracy Erickson • Real Broker LLC
See all

Provided by Redfin

Sale history for 525 W Raye St

Date

Event

Price

Apr 29, 2016

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #911072

$842,000

$279/sq ft

Mar 31, 2016

Pending (Pending Inspection)

NWMLS as Distributed by MLS Grid #911072

—

Mar 25, 2016

Listed (Active)

NWMLS as Distributed by MLS Grid #911072

$850,000

$281/sq ft

Apr 16, 2007

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #27039057

$689,950

$228/sq ft

Mar 20, 2007

Delisted

NWMLS as Distributed by MLS Grid #27039057

—

Mar 9, 2007

Listed

NWMLS as Distributed by MLS Grid #27039057

$689,950

$228/sq ft

Apr 16, 2007

Sold (MLS)

NWMLS as Distributed by MLS Grid #27037275

$689,950

$228/sq ft

Mar 9, 2007

Listed

NWMLS as Distributed by MLS Grid #27037275

$689,950

$228/sq ft

May 4, 1981

Sold

Public Records

$110,000

$36/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$12,777 (+13.8%)

$637,000 + $603,000

$1,240,000

2025

$11,233 (+8.8%)

$637,000 + $603,000

$1,240,000

2024

$10,320 (+3.2%)

$637,000 + $534,000

$1,171,000

2023

$10,005 (+21.8%)

$637,000 + $459,000

$1,096,000

2022

$8,213 (+4.5%)

$675,000 + $511,000

$1,186,000

2021

$7,861 (−9.2%)

$387,000 + $503,000

$890,000

2020

$8,659 (+20.7%)

$356,000 + $452,000

$808,000

2019

$7,176 (−2.6%)

$380,000 + $451,000

$831,000

2018

$7,367 (+11.8%)

$380,000 + $451,000

$831,000

2017

$6,588 (+3.0%)

$329,000 + $413,000

$742,000

2016

$6,394 (+21.9%)

$306,000 + $380,000

$686,000

2015

$5,247 (−3.5%)

$317,000 + $334,000

$651,000

2014

$5,437 (+2.0%)

$254,000 + $289,000

$543,000

2013

$5,332 (+0.5%)

$240,000 + $270,000

$510,000

2012

$5,305 (+5.4%)

$228,000 + $263,000

$491,000

2011

$5,033 (+13.8%)

$239,000 + $267,000

$506,000

2010

$4,421 (−13.0%)

$225,000 + $251,000

$476,000

2009

$5,081

$227,000 + $396,000

$623,000

Tax history for 525 W Raye St

Year

Property tax

Land + Additions

Assessment*

2026

$12,777 (+13.8%)

$637,000 + $603,000

$1,240,000

2025

$11,233 (+8.8%)

$637,000 + $603,000

$1,240,000

2024

$10,320 (+3.2%)

$637,000 + $534,000

$1,171,000

2023

$10,005 (+21.8%)

$637,000 + $459,000

$1,096,000

2022

$8,213 (+4.5%)

$675,000 + $511,000

$1,186,000

2021

$7,861 (−9.2%)

$387,000 + $503,000

$890,000

2020

$8,659 (+20.7%)

$356,000 + $452,000

$808,000

2019

$7,176 (−2.6%)

$380,000 + $451,000

$831,000

2018

$7,367 (+11.8%)

$380,000 + $451,000

$831,000

2017

$6,588 (+3.0%)

$329,000 + $413,000

$742,000

2016

$6,394 (+21.9%)

$306,000 + $380,000

$686,000

2015

$5,247 (−3.5%)

$317,000 + $334,000

$651,000

2014

$5,437 (+2.0%)

$254,000 + $289,000

$543,000

2013

$5,332 (+0.5%)

$240,000 + $270,000

$510,000

2012

$5,305 (+5.4%)

$228,000 + $263,000

$491,000

2011

$5,033 (+13.8%)

$239,000 + $267,000

$506,000

2010

$4,421 (−13.0%)

$225,000 + $251,000

$476,000

2009

$5,081

$227,000 + $396,000

$623,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2,998 Sq. Ft.

Year renovated

—

Sq. Ft.

2,720

Year built

1914

Style

Multi-Family (2-4 Unit)

County

King County

APN

242503 9040

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 5, 2026.

Oct 13, 2025 • Active

Single-family/duplex furnace

Install a new furnace.

HVAC

May 12, 2025 • Final

Side sewer

Perform spot repairs within the right of way. A separate department of transportation permit is required for this work.

Plumbing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Heating & Cooling
Has Heating

Interior Features
Interior Features: Hardwood, Wall to Wall Carpet, Laminate Hardwood
Flooring: Hardwood, Laminate, Vinyl, Carpet

Multi-Family Financial Information
Insurance Expense: $1,096
Other Expense: $500
Net Operating Income: $43,041
Gross Adjusted Income: 50450
Gross Scheduled Income: $51,480
Total Monthly Income: 4290
Gross Rent Multiplier: 16
Total Expenses: 7409

Multi-Unit Information
Units Below Grade: true
Units In Building Total: 2
Vacancy Rate: 2
# of Units (Total): 2
Furnished: Unfurnished

Exterior

Building Information
Roof: Composition

Exterior Features
Exterior Features: Wood

Property Information
Style Code: 52 - Duplex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Good

Land Information
Possible Use: Residential

Lot Information
MLS Lot Size Source: KCR
Site Features: Cable TV,Deck
Lot Features: Alley, Corner Lot, Paved, Sidewalk
Lot Size Units: Square Feet
Lot Size Acres: 0.0688
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $5,247
Tax Year: 2016

Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Conventional

Utilities

Utility Information
Water Source: Public
Sewer: Sewer Connected
Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
Water Sewer Garbage: 566

Location

School Information
High School District: Seattle

Location Information
Directions: From Queen Anne Ave N, West on McGraw St, Bear Right on W McGraw Pl after 3rd Ave W (becomes 5th Ave W), West on Raye St, property on south or left side of the street corner W Raye St and 6th Ave W.

Community Information
Amenities: Storage

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 2,720
Stories: 1.0
Lot Size: 2,998 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1914
Year Renovated: —
County: King County
APN: 242503 9040

Home facts updated by county records on Sep 5, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Thursday, March 24, 2016

Green Information
Power Production Type: Electric, Natural Gas

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 3020
Building Area Total: 3020
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Year Built Effective: 1914
Effective Year Built Source: Public Records
Structure Type: Duplex
Stories Total: 2

Around this home

Schools

K - 12
Preschool & daycare

Coe Elementary School

Public K-5 • Assigned • 0.2mi

9/10

McClure Middle School

Public 6-8 • Assigned • 0.5mi

8/10

Lincoln High School

Public 9-12 • Assigned • 1.6mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Seattle is known for its iconic waterfront, vibrant neighborhoods, and amazing dining! I love Pike Place Market, Discovery Park, and Ballard's shops and restaurants. From Queen Anne's historic homes to Capitol Hill's modern condos, each neighborhood...
2 weeks ago • Seattle
Shauna Rumel
Redfin agent
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

6 days above 86° expected this year, 13 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

11 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

Seattle, WA • 98119

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.7 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.11M – $1.35M

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New listings for sale in 98119

OPEN SAT, 11AM TO 1PM3D WALKTHROUGH

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LISTED BY REDFIN3D WALKTHROUGH

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Home values near 525 W Raye St

Data from public records.

Address	Redfin Estimate
619 West Raye St, Seattle, WA 2 Beds \| 1 Baths \| 790 Sq. Ft.	$804,763
515 West Raye St, Seattle, WA 3 Beds \| 2 Baths \| 1610 Sq. Ft.	$1,227,569

Address	Redfin Estimate
615 West Raye St, Seattle, WA 3 Beds \| 1 Baths \| 1460 Sq. Ft.	$960,224
521 West Raye St, Seattle, WA 2 Beds \| 1 Baths \| 1490 Sq. Ft.	$887,483

Address	Redfin Estimate
611 West Raye St, Seattle, WA 2 Beds \| 2 Baths \| 1800 Sq. Ft.	$1,171,496
607 West Raye St, Seattle, WA - Beds \| - Baths \| 1910 Sq. Ft.	—

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2016. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in North Queen Anne, WA

Sale history for 525 W Raye St

Tax history for 525 W Raye St

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98119

Home values near 525 W Raye St

More real estate resources