5022 Martin Luther King Jr Way S #10, Seattle, WA 98118, Seattle, 98118 - 2 bed, 1 bath
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5022 Martin Luther King Jr Way S #10
Seattle, WA 98118
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
34,162Sq Ft
0Lot Size
Property Price
LIST PRICE$328,000
SUMMARY
Secure your future and build lasting equity at Liberty Commons! Designed for long-term stability, these brand-new 2-bedroom homes offer a unique path to homeownership backed by the lasting support and stewardship of Habitat for Humanity. Enjoy total peace of mind with active HOA governance, lower ongoing ownership risks, and a dedicated buy-back model that protects community equity and building health for years to come.Spanning light-filled, thoughtfully proportioned layouts, each home features a versatile second bedroom—ideal for a home office, roommate, or extra space to grow. Complete with brand-new included appliances, in-unit laundry, elevator access, secure bike storage, and a sprawling 2,000 sq. ft. community courtyard.Twenty-seven 2-bedroom homes starting at $285,000. Take advantage of special WSHFC financing, below-market interest rates- today as low as 5%, zero mortgage insurance, and down payments as low as 1%. Income limits apply (up to 80% AMI). Invest in your community and your future today!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Brand new construction (2026) featuring a modern kitchen with stainless steel appliances, new flooring, and pristine systems throughout. As a new build, it requires no maintenance and meets all current safety and structural standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced significantly below Seattle market averages, this home offers unique financing through WSHFC with down payments as low as 1%, below-market interest rates, and no mortgage insurance.
- Modern New Construction
Built in 2026, the unit features brand-new appliances, elevator access, and a large 2,000 sq. ft. community courtyard, providing a turnkey living experience with low immediate maintenance needs.
- Long-Term Stability
Backed by Habitat for Humanity stewardship, the property benefits from active HOA governance and a dedicated buy-back model designed to protect building health and community equity.
CONSRISKS & DEFICIENCIES
- Strict Eligibility Requirements
The property is restricted to buyers meeting specific income limits (up to 80% AMI), which significantly limits the pool of potential purchasers.
- Capped Equity Potential
The community-focused buy-back model and stewardship program are designed to maintain affordability, which may restrict the homeowner's ability to realize full market-rate appreciation upon resale.
About 5022 Martin Luther King Jr Way S #10
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2026
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $385 / Month
Neighborhood Insights
Seattle Unified Schools
Dearborn Park Elementary School
Grades K-5 • 0.4 mi
3/10
Hawthorne Elementary School
Grades PK-5 • 0.7 mi
5/10
John Muir Elementary School
Grades K-5 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 34,162 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $328.0K | $548.3K |
| Price per sq ft | $10 | $551 |
| Built year | 2026 | 1997 |
| HOA | $385 | $317 |
| Days on market | 45 | 63 |
Pricing History
Listed for Sale
Sep 9, 2026
$328,000
Initial Listing