Foreclosures in Greenwood on SeattleHome.com are homes that are owned by a bank or lender. These are sometimes referred to as REO (Real Estate Owned), ORE, or bank-owned homes. Other foreclosures are sold at county auctions, which are riskier and require all-cash buyers.
In contrast, these bank-owned foreclosures are fairly straightforward and allow for bank financing. Even inexperienced buyers have access to bank-owned foreclosures. Our buyers have the option of an inspection period before closing the contract on a foreclosure. This allows the buyer a short-term "grace period" in case the property doesn't live up to their expectations.
If there are no foreclosures available today in Greenwood, check back daily for new listings.
If you'd like us to do the searching for you, just Contact Us with your home preferences.
Greenwood in North Seattle is a neighborhood of variety, with many new restaurants and shops intermixed with historic Seattle businesses. Annexed by Seattle in 1954, Greenwood's south end is much more developed, while the north end still has many streets without sidewalks. Greenwood's commercial district overlaps Phinney Ridge, and the two communities do neighborhood planning together.
The intersection of Greenwood Avenue North and North 85th Street is the commercial center. Greenwood is known for its numerous bars, restaurants, coffee houses, theatres and specialty stores.
Since 1993 the neighborhood has hosted the "Greenwood Classic Car Show" on the last Saturday in June. Another annual event is the "Greenwood Seafair Parade", held on the fourth Wednesday in July. Both events draw tens of thousands of visitors to the neighborhood.
The generally accepted boundaries are Aurora Avenue N (State Route 99) to the east, beyond which lies Licton Springs; N 105th Street/Holman Road to the north, beyond which lie Broadview and Bitter Lake; 8th Avenue NW to the west, beyond which lies Crown Hill, and N 75th Street to the south, beyond which lies Phinney Ridge. The division between Greenwood and Phinney Ridge is nebulous; the two neighborhoods plan events jointly.
Greenwood is served by the North Cluster of the Seattle Public Schools. No high school is located within the North Cluster but Nathan Hale, Roosevelt, Ballard, and Ingraham are all nearby. Schools in Greenwood include Greenwood Elementary and St. John Catholic School.
The neighborhood has had its own branch of the Seattle Public Library since 1928. The current Greenwood branch building was completed in 2005 and renovated in spring 2017. Recreation areas maintained by the City of Seattle include Sandel Park and Greenwood Park. Greenwood has its own post office, which shares zip code 98103 with the larger Wallingford branch.
Originally named Woodland, the neighborhood became Greenwood in 1907. Greenwood Avenue carried city streetcar and Seattle-Everett interurban passenger railroad traffic during the first half of the twentieth century.
The section of the neighborhood north of 85th Street was annexed to the city of Seattle in 1954. Residents of the area who voted for annexation expected that the city would build sidewalks. However, many residential streets north of 85th Street are still without sidewalks.
In 2009, the heart of Greenwood experienced several dramatic arson fires. On August 13, a house fire seriously injured a man and caused $170,000 damage. The largest fire, on October 23, burned a building to the ground on N 85th Street in the neighborhood center. Four businesses were destroyed: the Green Bean Coffee house; Phở Tic Tac; Szechuan Bistro; and C.C. Teriyaki. This fire also caused significant damage to a neighboring historic building housing the Taproot Theatre Company. A $10,000 reward was offered.
Two fires occurred on November 5 and three more on November 9. The most severe of these caused $20,000 worth of damage and forced the closure of the Olive You restaurant. On November 13, Seattle police arrested a 46-year-old homeless man who frequented the neighborhood. The suspect had been spotted at the scene of three previous fires. He initially pleaded innocent to 12 charges, but changed his plea to guilty and was sentenced to 30 years in prison.
Early on the morning of March 9, 2016, a natural gas leak caused a massive explosion, destroying three small buildings on Greenwood Avenue near North 85th Street and injuring several firefighters. The businesses lost were Neptune Coffee, Mr. Gyros (restaurant), and a Quick Stop convenience store. The damage was estimated at $3 million. Many other buildings in the area also had broken windows and other damage.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Greenwood. You can see the latest trends in pricing, affordability, supply and demand. We invest in this research so our clients always have the latest insights to make the best decisions with confidence. Below are the latest home pricing trends for Greenwood based on zip code 98103.
More information about:
Back to: All North Seattle Neighborhoods