2221 Gilman Drive W #303, Seattle, WA 98119, Seattle, 98119 - 2 bed, 1 bath
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This 2-bedroom condominium represents a Strong Value Opportunity, listed at a List Price of $399,950—positioned slightly above the $395,597 Fair Market Value. While the property is in Fair Condition Rating (4/10), it offers immediate appeal with fresh paint, new carpet, and a private lanai featuring stunning mountain and cruise ship views. With no rental cap in a high-demand Queen Anne location, this unit provides a stable, income-generating asset. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-managed, lifestyle-focused residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2221 Gilman Drive W #303 Subject 2 bd · 1 ba · 1,077 sqft · $367 | $399,950* List Price | 2 | 1 | 1,077 | $367 | - |
A 3609 14th Avenue W 207 Sold 1 bd · 1 ba · 725 sqft · $440 · 0.9 mi | $319,000 | 1 | 1 | 725 | $440 | 0.9 mi |
B 2552 14th Avenue W 403 Sold 1 bd · 1 ba · 760 sqft · $428 · 0.2 mi | $325,000 | 1 | 1 | 760 | $428 | 0.2 mi |
C 2253 Gilman Drive W 104 Active 2 bd · 2 ba · 1,042 sqft · $446 · 0.1 mi | $465,000 List Price | 2 | 2 | 1,042 | $446 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the property is over 45 years old. While it features recent cosmetic updates like fresh paint, new carpet, and a new dishwasher, the kitchen and bathroom lack evidence of a full modern renovation within the last 15 years, placing it in the dated but functional category.
Situated in the desirable Queen Anne neighborhood, the unit offers stunning mountain and sunset views, including cruise ships, providing high aesthetic value and a serene atmosphere.
The building has no rental cap, making it an excellent opportunity for investors or owners seeking long-term rental potential in a high-demand Seattle market.
The condo features recent updates including fresh paint, new carpet, and a new dishwasher, complemented by a spacious 1,077 sq ft layout and a private lanai for entertaining.
The monthly HOA fee of $834 is relatively high for the price point, which may impact the overall monthly affordability and debt-to-income ratio for prospective buyers.
Despite having two bedrooms, the unit only features one bathroom, which may be a drawback for roommates or households seeking more modern convenience.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,077 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $399.9K | $548.3K |
| Price per sq ft | $371 | $551 |
| Built year | 1977 | 1997 |
| HOA | $834 | $317 |
| Days on market | 36 | 63 |
Sep 18, 2026
$399,950
Initial Listing