3700 S Holly Street, Seattle, WA 98118, Seattle, 98118 - 4 bed, 2 bath
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3700 S Holly Street
Seattle, WA 98118
ACTIVE
CONDITION: TEAR DOWN
4Beds
2Baths
1,440Sq Ft
6,940Lot Size
Property Price
LIST PRICE$635,000
EST. MARKET VALUE
$515,691
23% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $635,000—positioned well above the $515,691 Fair Market Value by -23%. While the current structure has a Condition Rating of 6, the 6,940 sqft lot near the Othello Light Rail station offers significant redevelopment potential. The property is marketed for its land value, making it a strategic Asset for those looking to capitalize on Seattle’s housing growth. This is an ideal acquisition for Residential Developers or Buy-and-Hold Investors focused on long-term land appreciation.
Estimated Market Value
$515,691
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 |
|---|---|---|---|---|---|---|
★ 3700 S Holly Street Subject 4 bd · 2 ba · 1,440 sqft · $358 | $635,000* List Price | 4 | 2 | 1,440 | $358 | - |
A 7529 Beacon Avenue S Sold 2 bd · 2 ba · 1,690 sqft · $355 · 0.6 mi | $600,000 | 2 | 2 | 1,690 | $355 | 0.6 mi |
B 7529 Beacon Avenue S Sold 2 bd · 2 ba · 1,690 sqft · $355 · 0.6 mi | $600,000 | 2 | 2 | 1,690 | $355 | 0.6 mi |
C 7320 33rd Avenue S Pending 3 bd · 2 ba · 1,160 sqft · $511 · 0.5 mi | $592,500 List Price | 3 | 2 | 1,160 | $511 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1920 (>50 years old) with no evidence of renovation. The listing explicitly states 'Value in Land' and focuses on redevelopment and new construction, indicating the existing structure is likely unlivable and the property is being sold for its lot value.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is marketed primarily for its land value, offering a generous 6,940 sqft lot with significant potential for new residential construction or multi-unit redevelopment in a growing market.
- Transit-Oriented Location
Situated near the Othello Light Rail station, the property provides excellent connectivity to downtown Seattle and major transportation hubs, a key driver for long-term appreciation.
- Established Neighborhood Amenities
Located in a mature residential area with convenient access to local parks, shopping, and dining, ensuring strong appeal for future residents or tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Structure Condition
Built in 1920 and sold for land value, the existing residence likely requires significant renovation or costly demolition to realize the property's highest and best use.
- Development Risk and Due Diligence
The buyer bears the responsibility of verifying zoning, utility availability, and permit requirements, which introduces uncertainty and potential for unforeseen project costs.
About 3700 S Holly Street
Excellent development and investment opportunity near Light Rail Othello station in Seattle! Value in Land. This property offers exciting potential for builders, developers, and investors looking to capitalize on Seattle's evolving housing landscape. Situated in an established residential neighborhood with convenient access to major transportation routes, shopping, dining, parks, and nearby light rail. Explore opportunities for new residential construction, redevelopment, or additional housing units, subject to City of Seattle zoning regulations and permit approvals. An excellent opportunity to unlock the property's potential in a desirable Seattle location. Buyer to verify zoning, development capacity, lot dimensions, utility availability, and all building requirements with the City of Seattle. Bring your vision and explore the possibilities!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 6,940 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,440 | 1,801.924 |
| Lot Size | 6,940 | 4,494.536 |
| Price | $635.0K | $974.4K |
| Price per sq ft | $441 | $569 |
| Built year | 1920 | 1948 |
| HOA | $0 | $78 |
| Days on market | 11 | 35 |
Pricing History
Listed for Sale
Oct 13, 2026
$635,000
Initial Listing