1301 Harbor Ave SW #308, Seattle, WA 98116, Seattle, 98116 - 2 bed, 2 bath
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1301 Harbor Ave SW #308
Seattle, WA 98116
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,282Sq Ft
0Lot Size
Property Price
LIST PRICE$599,999
EST. MARKET VALUE
$644,014
6% BelowMARKET VALUE
SUMMARY
This waterfront condominium presents a Strong Value Opportunity, listed at $599,999—positioned well below the $644,015 Fair Market Value by 6%. This valuation gap offers $44,016 in Instant Equity. Featuring panoramic downtown and mountain views and an enclosed patio, the property has a Condition Rating of 4, requiring cosmetic updates to reach its full potential. Located near top-rated schools like Lafayette Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside waterfront asset.
Estimated Market Value
$644,014+$44,015 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1301 Harbor Ave SW #308 Subject 2 bd · 2 ba · 1,282 sqft · $502 | $599,999* List Price | 2 | 2 | 1,282 | $502 | - |
A 1101 Harbor Avenue SW 3C Sold 2 bd · 2 ba · 1,146 sqft · $585 · 0.1 mi | $670,000 | 2 | 2 | 1,146 | $585 | 0.1 mi |
B 1301 Harbor Avenue SW 310 Active 2 bd · 2 ba · 1,277 sqft · $548 · 0.0 mi | $699,900 List Price | 2 | 2 | 1,277 | $548 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1976, the property is functional but significantly dated. The kitchen features older laminate cabinets and the bathroom has basic, dated fixtures. The listing explicitly mentions it needs new carpet and paint, indicating a need for minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Waterfront Location
Situated on Harbor Ave, the property offers immediate pedestrian access to Alki Beach, popular dining like Salty’s, and the Water Taxi for a seamless commute to downtown Seattle.
- Iconic Skyline and Sound Views
The home features floor-to-ceiling windows that capture breathtaking, unobstructed views of the Downtown Seattle skyline, Puget Sound, and the mountains.
- Secure and Spacious Living
This residence provides a generous 1,282 sqft layout within a highly private and secure building, complete with secured parking, a storage unit, and an enclosed patio.
CONSRISKS & DEFICIENCIES
- Cosmetic Updates Required
The interior is in need of new carpet and paint, requiring the buyer to invest additional time and capital immediately after closing to modernize the space.
- High Association Fees
The monthly association fee of $1,049 is substantial, which may impact overall affordability and appeal for budget-sensitive buyers or investors.
About 1301 Harbor Ave SW #308
One of the best views of DT Seattle and the sound you will ever find. Walk right out your door and stroll down to Alki Beach,Salty’s or the water taxi. Very private and secure building with secure entrance, secured parking and storage unit. Spacious home with enclosed front patio, generous sized bedrooms, Murphy bed in the second, and tons of storage. Home does need carpet and paint but will shine once completed. Oversized living room with fireplace and floor to ceiling windows taking full advantage of the amazing views.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1049 / Month
Neighborhood Insights
Seattle Unified Schools
Lafayette Elementary School
Grades PK-5 • 0.8 mi
8/10
Alki Elementary School
Grades PK-5 • 1.5 mi
8/10
Madison Middle School
Grades 6-8 • 1.4 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,282 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $600.0K | $548.3K |
| Price per sq ft | $468 | $551 |
| Built year | 1976 | 1997 |
| HOA | $1049 | $317 |
| Days on market | 38 | 63 |
Pricing History
Listed for Sale
Sep 16, 2026
$599,999
Initial Listing