1427 3rd Avenue W 8, Seattle, WA 98119, Seattle, 98119 - 1 bed, 1 bath
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1427 3rd Avenue W 8
Seattle, WA 98119
ACTIVE
CONDITION: FAIR
1Beds
1Baths
700Sq Ft
0Lot Size
Property Price
LIST PRICE$380,000
EST. MARKET VALUE
$352,913
7% AboveMARKET VALUE
SUMMARY
This 1930s co-op represents a Strong Value Opportunity, listed at $400,000—positioned well above the $387,270 Fair Market Value by 3%. While the unit requires updates, its Fair Condition Rating and classic architectural details like coved ceilings and hardwood floors provide a solid foundation. Located in a prime Queen Anne setting near Kerry Park, the property offers a versatile layout with a dedicated den and in-unit washer/dryer. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a character-rich urban residence.
Estimated Market Value
$352,913
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 |
|---|---|---|---|---|---|---|
★ 1427 3rd Avenue W 8 Subject | $380,000* List Price | 1 | 1 | 700 | $504 | - |
A 521 5th Avenue W 103 Sold | $409,000 | 1 | 1 | 716 | $571 | 0.6 mi |
B 530 4th Avenue W 503 Sold | $459,000 | 1 | 1 | 876 | $524 | 0.5 mi |
C 521 5th Avenue W 602 Sold | $453,000 | 1 | 1 | 907 | $499 | 0.6 mi |
D 275 W Roy Street 315 Sold | $370,000 | 1 | 1 | 598 | $619 | 0.5 mi |
E 2552 14th Avenue W 403 Sold | $325,000 | 1 | 1 | 760 | $428 | 0.9 mi |
F 912 3rd Avenue W 501 Sold | $395,000 | 2 | 2 | 853 | $463 | 0.3 mi |
G 200 W Comstock Street 102 Active | $489,000 List Price | 1 | 1 | 707 | $692 | 0.1 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 1930, the property retains original architectural details like coved ceilings and hardwoods, but the kitchen is significantly dated with older cabinetry and coil-top appliances. The presence of radiator heating and the lack of recent renovations to primary spaces suggest the unit is over 20 years old in its current finish and requires cosmetic and system updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Queen Anne Location
Situated at the top of Queen Anne Hill, the property is just blocks from iconic Kerry Park and popular local amenities like Vita Caffe and Molly Moon's, offering a high walkability score and quintessential Seattle living.
- Historic Architectural Charm
This 1930s building preserves classic details including coved ceilings and hardwood floors, complemented by a south-facing orientation that ensures abundant natural light and treetop views.
- Versatile and Functional Layout
The floor plan includes a dedicated den ideal for a home office and the rare convenience of an in-unit washer/dryer, providing modern functionality within a vintage aesthetic.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 700, other record living area = 16569. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- Co-op Ownership Constraints
As a co-op rather than a traditional condominium, the property may require more stringent financing terms and a board approval process, which can limit the pool of potential buyers.
- High Monthly Carrying Costs
The $600 monthly association fee is relatively high for a 700-square-foot unit, which may impact overall affordability and the debt-to-income ratio for budget-conscious purchasers.
About 1427 3rd Avenue W 8
PRICE ADJUSTMENT CREATES OPPORTUNITY — Sunny South-Facing 1930s Co-Op on Queen Anne Hill This 1-bedroom + den, 1-bath, 700 sq ft south-facing co-op sits on a quiet corner at the top of Queen Anne Hill. Perched among the treetops, the 1930s building features hardwood floors, coved ceilings, and large windows that bring in abundant natural light. The flexible floor plan includes a den suitable for work or creative use. The kitchen offers an in-unit washer/dryer, ample cabinetry, and an efficient layout that connects to the open living area. Located one block from neighborhood conveniences including Vita Caffe, Anytime Fitness, Via Tribunali, Molly Moon’s, an ice cream parlor, and a local tailor shop. Kerry Park, known for its classic Seattle skyline views, is just three blocks away.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1930
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $600 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 700 | 1,034.227 |
| Lot Size | - | 2,208.034 |
| Price | $380.0K | $552.8K |
| Price per sq ft | $543 | $559 |
| Built year | 1930 | 1997 |
| HOA | $600 | $311 |
| Days on market | 99 | 63 |
Pricing History
Listed for Sale
Jul 28, 2026
$380,000
$400,000
-5% Price Drop
Initial Listing
Price Change
Jun 2, 2026
$400,000
Initial Listing