3915 S Burns Street, Seattle, WA 98118, Seattle, 98118 - 4 bed, 2 bath
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3915 S Burns Street
Seattle, WA 98118
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,470Sq Ft
6,250Lot Size
Property Price
LIST PRICE$639,950
EST. MARKET VALUE
$593,731
7% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $639,950—positioned well below the $593,732 Fair Market Value by -7%. While the current Condition Rating of 5 necessitates a full rehab, the inclusion of $10k in city-approved expansion plans to 2,371 sq ft provides a clear path to forced appreciation. With a 6,250 sq ft lot offering DADU potential and proximity to light rail, this asset is ideal for Buy-and-Hold Investors or Contractors seeking a strategic value-add project in Beacon Hill.
Estimated Market Value
$593,731
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 |
|---|---|---|---|---|---|---|
★ 3915 S Burns Street Subject | $639,950* List Price | 4 | 2 | 1,470 | $404 | - |
A 8435 46th ave S Sold | $537,000 | 3 | 2 | 1,300 | $413 | 0.8 mi |
B 8434 34th Avenue S Sold | $485,000 | 3 | 2 | 1,020 | $475 | 0.8 mi |
C 9344 52nd Avenue S Active | $499,999 List Price | 4 | 2 | 1,580 | $316 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1949 (>70 years old) with no evidence of recent renovations; the listing explicitly highlights $10k city-approved plans for a major remodel and expansion, indicating the current kitchen, baths, and systems are significantly outdated and require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The generous 6,250 sq ft lot offers significant value-add opportunities, including the potential to subdivide or construct a Detached Accessory Dwelling Unit (DADU) to maximize the property's utility.
- Approved Expansion Plans
The sale includes $10,000 worth of city-approved permits and plans to expand the home to 2,371 sq ft, valid until 2028, saving the buyer substantial time and administrative costs.
- Strategic Transit Location
Situated in the sought-after Beacon Hill area, the property boasts excellent proximity to the Light Rail, Metro bus routes, and major freeways for easy access to downtown Seattle and SeaTac airport.
CONSRISKS & DEFICIENCIES
- Renovation Requirement
The presence of unfinished basement space and the emphasis on remodeling plans suggest the current structure requires significant capital investment to reach its full potential.
- Immediate Management Needs
With an active vacancy and a current rental income of $2,100, the new owner will need to immediately address tenant placement and property stabilization to ensure consistent cash flow.
About 3915 S Burns Street
A rare opportunity/gold mine in Seattle Beacon Hill area to grab! 4 bedrooms, 2 baths, 1,740 Sq Ft with daylight Basement, 6,250 Sq Ft lot to (either subdivide or build a new DADU, by to verify)? Newly 10k city approved plans for remodeling & expansion to Sq Ft to 2,371 permitted. The approved plan permit is valid until 2028. Buy now with current rental monthly rental income of $2,100.00 with one vacancy, subdivide property and remodel later? Lots of options available to new buyer(s) depending on their needs and/or desires? Closed to downtown Seattle, Seatac airport, Light Rail, Metro bus routes, schools, shopping & hospitals with easy freeway access. Hurry, and grab your piece of the American dream before someone else does!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 6,250 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 | 1,470 | 1,803.474 |
| Lot Size | 6,250 | 4,544.116 |
| Price | $640.0K | $978.6K |
| Price per sq ft | $435 | $570 |
| Built year | 1949 | 1949 |
| HOA | $0 | $68 |
| Days on market | 40 | 36 |
Pricing History
Listed for Sale
Jul 31, 2026
$639,950
Initial Listing