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5035 NE 178th Street, Lake Forest Park, WA, 98155

2beds
1baths
1,940sqft
$799,000
$412price/sqft
$5,018/moest. monthly cost
$200,720/yrincome needed

About This Home

Stunning south facing Lake Washington view lot ready to break ground and custom build your luxury dream home. Attention Builders, Developers, Forever Home Buyers and Investors alike: it's taken nearly 5 years to get this project to its current shovel ready state; all on site feasibility finished (geotech, survey, soil testing, etc.) and City of Lake Forest park permit pending approval to construct a 3000SF 5 bedroom 4.5 bathroom tri-level daylight basement home with detached 2 car garage. Package includes: All site Feasibility + Architectural Plans + Permits + 0.6 acre lot surrounded by multimillion dollar properties. We've done all the legwork for you to take over the project and custom finish the home the way you want. Short walk to the Town Center at Lake Forest Park shopping, restaurants, and amenities, the Burke Gilman Trail, Uplake Aqua Club heated outdoor pool & tennis courts, and Lyon Creek Waterfront Preserve Park.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

9/10
8/10
Kellogg Middle SchoolGrades 6-81.6 mi
9/10
Shorecrest High SchoolGrades 9-121.8 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1923

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1923

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story w/Bsmnt.
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater: Electric,Water Heater Location: Basement

Basement

  • Has basement: Yes
  • Basement: Daylight

Bathroom Full

  • Level: Main

Bedroom

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Bonus Room

  • Level: Lower

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Dining Room
  • Flooring: Hardwood,Vinyl

Heating & Cooling

  • Heating features: Baseboard,Electric,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,940
  • Total interior livable area: 1,940 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 4019301335
  • Zoning: RS 20000
  • Zoning description: Jurisdiction: City
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Dining Room,Water Heater
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • Topography of land: Sloped
  • Residential vegetation: Brush,Fruit Trees,Wooded

Lot

  • Lot size: 0.58 Acres
  • Features: Open Lot,Paved,Secluded,Value In Land,Gas Available

Parking

  • Total spaces: 6
  • Parking features: Detached Garage,Off Street
  • Has garage: Yes
  • Covered spaces: 2
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,040$48,480
Home Insurance *$151$1,812
Property Taxes $678$8,136
Electricity $149$1,793
Total$5,018$60,216
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$172,045/yr
40% on housing$150,540/yr
45% on housing$133,813/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$412This listing

vs Other Active Listings

Avg $/sqft

ZIP 98155$384
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98155$498
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-04Price change$799,000
2026-04-04Listed for sale$880,000
2021-04-30Sold$558,000
2020-12-30Pending sale$588,000
2020-06-16Listed for sale$588,000
2020-06-06Pending sale$588,000
2020-03-23Listed for sale$588,000
2019-04-02Sold$543,000
2019-03-27Pending sale$525,000
2019-03-25Listed for sale$525,000

For Sale by Agent

AgentMatthew Mellinger
BrokerageMarketplace Sotheby's Intl Rty

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