312 NW 88th Street, Seattle, WA 98117, Seattle, 98117 - 3 bed, 2 bath
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312 NW 88th Street
Seattle, WA 98117
CLOSED
CONDITION: GOOD
3Beds
2Baths
1,220Sq Ft
4,800Lot Size
Property Price
LIST PRICE$749,900
EST. MARKET VALUE
$796,054
5% BelowMARKET VALUE
SUMMARY
This 1916 bungalow represents a Prime Investment Opportunity, listed at a List Price of $749,900—positioned well below the $770,521 Fair Market Value by 2%. This valuation gap provides $20,621 in Instant Equity. Featuring a modernized kitchen and finished lower level with ADU potential, the home maintains a Good Condition Rating. Its blend of historic character and functional updates makes it a versatile asset, ideal for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into the vibrant Greenwood market.
Estimated Market Value
$796,054+$46,154 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 |
|---|---|---|---|---|---|---|
★ 312 NW 88th Street Subject | $749,900 | 3 | 2 | 1,220 | $653 | - |
A 347 NW 81St Street Sold | $965,000 | 3 | 2 | 1,290 | $748 | 0.4 mi |
B 7524 12th Avenue NW Sold | $950,000 | 2 | 2 | 1,200 | $792 | 0.8 mi |
C 7015 2nd Avenue NW Sold | $950,000 | 4 | 2 | 1,300 | $731 | 0.9 mi |
D 8709 14th Avenue NW Sold | $810,000 | 3 | 2 | 1,340 | $604 | 0.6 mi |
E 9526 7th Avenue NW Sold | $970,000 | 4 | 3 | 1,640 | $591 | 0.4 mi |
F 7741 16th Avenue NW Sold | $890,000 | 3 | 2 | 1,620 | $549 | 0.9 mi |
G 1417 NW 83rd Street Sold | $830,000 | 4 | 2 | 1,540 | $539 | 0.7 mi |
H 9029 8th Avenue NW C Pending | $599,950 List Price | 3 | 2 | 1,256 | $478 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is a well-maintained 1916 bungalow that has undergone significant recent updates, including a fully modernized kitchen with new quartz counters and stainless appliances (<5 years). While the interior features refinished hardwoods and fresh paint, the bathrooms appear functional but dated (10-20 year style), and the overall age of the systems and structure keeps it in the 'Good' category rather than 'Excellent'.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Character
This 1916 bungalow seamlessly blends historic charm, such as refinished oak hardwoods and a classic fireplace, with a fully modernized kitchen featuring quartz countertops and new stainless appliances.
- ADU Potential
The finished lower level provides significant value-add potential, offering a versatile space that can be converted into an Accessory Dwelling Unit (ADU) or used as additional living quarters.
- Prime Location & Outdoor Living
Situated in the heart of vibrant Greenwood, the property features a large, private fenced backyard with a deck and off-street parking, offering a rare balance of urban convenience and private sanctuary.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1916, the property may have underlying infrastructure limitations common in older homes, such as dated electrical or plumbing systems that might require future maintenance despite cosmetic updates.
- Compact Living Space
With 1,220 square feet distributed across three bedrooms, the interior layout may feel somewhat constrained for buyers seeking more spacious communal areas or larger bedroom footprints.
About 312 NW 88th Street
Character + functionality harmonize seamlessly in this inviting bungalow perfectly positioned in vibrant Greenwood. Mature landscaping gives home great curb appeal. Sunlit, freshly painted interior features refinished oak hardwoods + classic fireplace with exquisite tile surround. Kitchen is fully modernized with new stainless appliances + quartz counters/backsplash. Separate dining room with thoughtful detailing. Finished lower level provides excellent options for ADU conversion or additional living space. Private sanctuary found in expansive + fenced backyard with deck. Off-street parking + close to restaurants, coffeeshops of Greenwood Avenue. Prime opportunity for first-time homebuyers.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1916
- Lot Size
- 4,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,220 | 1,803.474 |
| Lot Size | 4,800 | 4,544.116 |
| Price | $749.9K | $978.6K |
| Price per sq ft | $615 | $570 |
| Built year | 1916 | 1949 |
| HOA | $0 | $68 |
| Days on market | 47 | 36 |
Pricing History
Listed for Sale
Jul 24, 2026
$749,900
Initial Listing