2650 Walnut Avenue SW, Seattle, WA 98116, Seattle, 98116 - 2 bed, 2 bath
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2650 Walnut Avenue SW
Seattle, WA 98116
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,760Sq Ft
4,200Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$1,032,950
3% BelowMARKET VALUE
SUMMARY
This Turnkey Craftsman Home is a Strong Value Opportunity, listed at $995,000—positioned well below the $1,032,950 Fair Market Value by 3%. This valuation gap offers $37,950 in Instant Equity for the buyer. Featuring a Modernized Gourmet Kitchen and an Excellent Condition Rating, this home offers a peaceful sylvan setting with an oversized two-level deck. Located in the premier Admiral District near top-rated schools, this is an ideal acquisition for Owner-Occupants or discerning professionals seeking a move-in ready lifestyle.
Estimated Market Value
$1,032,950+$37,950 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 |
|---|---|---|---|---|---|---|
★ 2650 Walnut Avenue SW Subject | $995,000* List Price | 2 | 2 | 1,760 | $587 | - |
A 3033 44th Avenue SW Sold | $1,145,000 | 3 | 2 | 1,735 | $660 | 0.4 mi |
B 2129 42nd Avenue SW Sold | $1,079,000 | 3 | 2 | 1,760 | $613 | 0.3 mi |
C 2313 47th Avenue SW Sold | $940,000 | 2 | 2 | 1,450 | $648 | 0.5 mi |
D 3260 42nd Avenue SW Sold | $1,191,000 | 4 | 1 | 1,955 | $609 | 0.4 mi |
E 3715 Walnut Avenue SW Sold | $875,000 | 3 | 1 | 1,690 | $518 | 0.6 mi |
F 3402 48th Avenue SW Sold | $925,000 | 3 | 2 | 1,660 | $557 | 0.6 mi |
G 2773 44th Avenue SW A Sold | $1,035,000 | 2 | 3 | 2,092 | $495 | 0.3 mi |
H 1921 44 Avenue SW Active | $998,888 List Price | 3 | 2 | 1,760 | $568 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1905, the property has undergone a comprehensive high-end remodel. The kitchen is modern with white shaker cabinets, slab countertops, and stainless appliances. Key systems including the HVAC (gas forced air), plumbing (copper), and electrical have all been updated, and the interior features mint-condition hardwood floors and vaulted ceilings with skylights.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Admiral District Location
The property is situated in a highly walkable, premier West Seattle neighborhood, providing immediate access to Metropolitan Market, PCC, Hiawatha Park, and the Alki Beach waterfront.
- Modernized Gourmet Kitchen
The remodeled kitchen features vaulted ceilings, multiple skylights, and high-end finishes, offering a rare level of natural light and modern functionality for a home of this era.
- Turn-Key Historic Charm
This 1905 Craftsman preserves its original character with elegant millwork and hardwood floors while benefiting from essential modern updates to plumbing, electrical, and heating systems.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1760, other record living area = 1330.
- Limited Bedroom Count
With only two bedrooms, the home may have limited appeal for larger families or buyers requiring multiple guest rooms and dedicated home offices.
- Single-Car Detached Garage
The one-car garage and older driveway configuration may be a drawback for multi-vehicle households or those seeking modern, attached parking solutions.
About 2650 Walnut Avenue SW
Wonderfully remodeled and charming Craftsman home in the heart of sought after Admiral District. Great open floor plan with large gracious living and dining rooms with elegant hardwood floors, elegant millwork and period fireplace. French doors lead to huge open kitchen with large island, white shaker cabinets, slab countertops. stainless appliances, vaulted ceilings and multiple skylights providing tons of natural light. French doors off kitchen lead to oversized two level deck for wonderful outdoor living space with peaceful sylvan setting. Main floor home office and updated full bath round out the main level. Upstairs offers spacious primary bedroom with large closet, amble second bedroom, and charming full bath. Finished lower level offers family room, large utility room and workshop/storage room. Additional features including gas forced air furnace, copper plumbing and updated electrical. One car detached garage with storage room underneath, long driveway with awnings for additional covered parking spots. Perfectly Admiral District location, walking distance to all local amenities including Metropolitan Market, Admiral Movie Theater, PCC, Hiawatha Park, schools, numerous restaurants, pubs, coffee houses, libraries and so much more. Just minutes to Alki Beach, access to water taxi and rapid bus line to downtown. Perfect location in the premier West Seattle neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1905
- Lot Size
- 4,200 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Lafayette Elementary School
Grades PK-5 • 0.2 mi
8/10
Genesee Hill Elementary School
Grades K-5 • 1.1 mi
8/10
Alki Elementary School
Grades PK-5 • 1.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,760 | 1,803.474 |
| Lot Size | 4,200 | 4,544.116 |
| Price | $995.0K | $978.6K |
| Price per sq ft | $565 | $570 |
| Built year | 1905 | 1949 |
| HOA | $0 | $68 |
| Days on market | 8 | 36 |
Pricing History
Listed for Sale
Sep 1, 2026
$995,000
Initial Listing