2221 Gilman Drive W 303, Seattle, WA 98119, Seattle, 98119 - 2 bed, 1 bath
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2221 Gilman Drive W 303
Seattle, WA 98119
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,077Sq Ft
0Lot Size
Property Price
LIST PRICE$424,175
EST. MARKET VALUE
$401,741
5% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $424,175, positioned above the $401,742 Fair Market Value. While the property carries a Fair Condition Rating due to dated fixtures, it offers immediate value through its no rental cap policy and panoramic Puget Sound views. The unit features a private lanai and recent cosmetic updates, providing a stable foundation for modernization. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-managed building in a prime Seattle location.
Estimated Market Value
$401,741
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 |
|---|---|---|---|---|---|---|
★ 2221 Gilman Drive W 303 Subject | $424,175* List Price | 2 | 1 | 1,077 | $373 | - |
A 3609 14th Avenue W 207 Sold | $319,000 | 1 | 1 | 725 | $440 | 0.9 mi |
B 2552 14th Avenue W 403 Sold | $325,000 | 1 | 1 | 760 | $428 | 0.2 mi |
C 2625 13th Avenue W 201 Active | $425,000 List Price | 2 | 2 | 1,019 | $417 | 0.3 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 1977, the property has received recent cosmetic updates including fresh paint, new carpet, and a new dishwasher. However, the kitchen cabinetry, wet bar, and fluorescent lighting are significantly dated (likely >20 years old), placing it in the Fair category as it requires modernization of primary systems and fixtures.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Views and Outdoor Living
The property offers exceptional sunset, cruise ship, and mountain views, complemented by a private lanai that extends the living space outdoors.
- Investment Potential
The absence of a rental cap in a well-managed building provides significant flexibility for investors or owners looking for future rental income.
- Turn-Key Condition
Recent updates including fresh paint, new carpeting, and a new dishwasher ensure the unit is move-in ready for the next occupant.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $834 is relatively high for this price point, which may impact buyer affordability and monthly carrying costs.
- Limited Bathroom Count
Having only one bathroom for a two-bedroom unit can be a drawback for roommates or small families, potentially limiting the buyer pool.
About 2221 Gilman Drive W 303
Enjoy stunning sunsets and cruise ship views from this lovely condo! This 2-bed, condo features a spacious 1,077 sq ft layout with a private lanai perfect for entertaining. The inviting living room features a cozy wood fireplace and wet bar. Newly updated with fresh carpet and paint, the condo also features a formal dining area and a kitchen with an eating bar, plenty of cabinet space, and a new dishwasher. Washer/dryer in unit, one car garage parking and storage locker. Secure your spot in this serene, well-managed building with no rental cap. Just moments from Queen Anne's eateries, Whole Foods, Interbay Golf Center and Downtown!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $834 / Month
Neighborhood Insights
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 | 1,077 | 1,034.227 |
| Lot Size | - | 2,208.034 |
| Price | $424.2K | $552.8K |
| Price per sq ft | $394 | $559 |
| Built year | 1977 | 1997 |
| HOA | $834 | $311 |
| Days on market | 6 | 63 |
Pricing History
Listed for Sale
Sep 3, 2026
$424,175
Initial Listing