3838 38th Avenue S, Seattle, WA 98118, Seattle, 98118 - 4 bed, 2 bath
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3838 38th Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,710Sq Ft
6,180Lot Size
Property Price
LIST PRICE$715,000
EST. MARKET VALUE
$745,068
4% BelowMARKET VALUE
SUMMARY
This 1927 Craftsman represents a High-Potential Investment Opportunity, listed at a List Price of $715,000—positioned well below the $745,069 Fair Market Value by 4%. This valuation gap provides $30,069 in Instant Equity. With a Condition Rating of 4, the property requires modernization, yet the 1,100 sq ft unfinished basement offers significant value-add potential. Located in the coveted Mt. Baker neighborhood, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovation.
Estimated Market Value
$745,068+$30,068 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 |
|---|---|---|---|---|---|---|
★ 3838 38th Avenue S Subject 4 bd · 2 ba · 1,710 sqft · $436 | $715,000* List Price | 4 | 2 | 1,710 | $436 | - |
A 3902 S Genesee Street Sold 4 bd · 2 ba · 1,860 sqft · $462 · 0.3 mi | $859,000 | 4 | 2 | 1,860 | $462 | 0.3 mi |
B 3527 S Hudson Street Sold 4 bd · 2 ba · 2,030 sqft · $397 · 0.8 mi | $805,000 | 4 | 2 | 2,030 | $397 | 0.8 mi |
C 4225 46th Avenue S Sold 2 bd · 2 ba · 1,720 sqft · $512 · 0.5 mi | $880,000 | 2 | 2 | 1,720 | $512 | 0.5 mi |
D 4158 39th Avenue S Sold 5 bd · 3 ba · 2,240 sqft · $357 · 0.3 mi | $800,000 | 5 | 3 | 2,240 | $357 | 0.3 mi |
E 4215 51st Avenue S Sold 2 bd · 2 ba · 2,240 sqft · $397 · 0.7 mi | $890,000 | 2 | 2 | 2,240 | $397 | 0.7 mi |
F 4028 38TH Avenue S Active 3 bd · 2 ba · 1,500 sqft · $533 · 0.1 mi | $799,950 List Price | 3 | 2 | 1,500 | $533 | 0.1 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 1927, the home is functional and clean but highly dated. The kitchen features older oak-trimmed cabinetry and appliances from a previous renovation that is likely over 20-30 years old. The property requires cosmetic updates, modernization, and finishing touches to the basement to bring it up to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Potential
The 1,100 sq ft expansive unfinished basement provides a rare opportunity to nearly double the living space and significantly increase the property's equity.
- Prime Location
Situated in the highly coveted Mt. Baker neighborhood, the home is minutes away from light rail, local restaurants, coffee shops, and parks, offering excellent urban connectivity.
- Classic Craftsman Character
This 1927 home features timeless architectural charm on a generous 6,180 sq ft fully fenced lot with mature trees and a detached garage.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Needed
The property requires a significant investment of time and capital to modernize the interior and restore its original charm to meet current market standards.
- Dated Infrastructure
As a 1927 build, the home likely requires updates to essential systems such as electrical, plumbing, and HVAC to ensure modern efficiency and safety.
About 3838 38th Avenue S
One very special timeless charmer in the highly coveted neighborhood of Mt. Baker in S. Seattle. This 1927 Craftsman with tons of character awaits your vision to come in and make it your own. The thoughtful layout and versatile floor plan make it an irresistible opportunity to bring this beautiful home back to its original charm with all the modern updates and amenities you desire. With 4 bedrooms and 1.75 bathrooms, if offers room for all your guests to enjoy. As an added bonus, this home has an expansive unfinished basement just waiting to be finished, adding an extra 1,100 sq ft of living space. Outside, a fully fenced 6,180 sq ft lot with mature trees, provides privacy and a fully fenced yard. A detached 1 car garage is the final perk to greet you when arriving home. Location is the cherry on top being minutes away from the neighborhood restaurants, coffee shops, light rail and parks. Don't miss your chance to see this property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 6,180 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 | 1,710 | 1,801.924 |
| Lot Size | 6,180 | 4,494.536 |
| Price | $715.0K | $974.4K |
| Price per sq ft | $418 | $569 |
| Built year | 1927 | 1948 |
| HOA | $0 | $78 |
| Days on market | 35 | 35 |
Pricing History
Listed for Sale
Sep 19, 2026
$715,000
Initial Listing