3945 S Morgan Street, Seattle, WA 98118, Seattle, 98118 - 3 bed, 4 bath
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3945 S Morgan Street
Seattle, WA 98118
ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
1,763Sq Ft
1,619Lot Size
Property Price
LIST PRICE$799,950
EST. MARKET VALUE
$860,607
7% BelowMARKET VALUE
SUMMARY
This Modern New Construction is a Strong Value Opportunity, listed at $799,950—positioned well below the $860,607 Fair Market Value by 7%. This valuation gap offers $60,657 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this home includes a custom kitchen, mini-split HVAC, and a private rooftop deck with skyline views. With no HOA fees and a contemporary design, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey, high-efficiency urban residence.
Estimated Market Value
$860,607+$60,657 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 |
|---|---|---|---|---|---|---|
★ 3945 S Morgan Street Subject 3 bd · 4 ba · 1,763 sqft · $488 | $799,950* List Price | 3 | 4 | 1,763 | $488 | - |
A 5015 37th Avenue S B Sold 3 bd · 2 ba · 1,310 sqft · $496 · 0.9 mi | $650,000 | 3 | 2 | 1,310 | $496 | 0.9 mi |
B 3945 S Morgan Street Active 3 bd · 4 ba · 1,763 sqft · $468 · 0.0 mi | $824,950 List Price | 3 | 4 | 1,763 | $468 | 0.0 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.
Brand-new 2026 construction in mint condition. Features a modern custom kitchen, pristine LVP flooring, new mini-split HVAC systems, and contemporary bathrooms with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Modern New Construction
As a 2026 build, this home offers contemporary design, high-end finishes, and energy-efficient mini-split heating and cooling systems in every room for personalized comfort.
- Private Rooftop Deck
The property features a private rooftop deck with Seattle skyline views, providing a premium outdoor entertaining space that is highly desirable in urban residential settings.
- No HOA Fees
The absence of a Homeowners Association provides the owner with greater financial flexibility and freedom from monthly dues and restrictive community bylaws.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1619, living area = 1763.
- Compact Lot Size
With a lot size of only 1,619 square feet, the property offers very limited traditional yard space, which may be a deterrent for buyers seeking private green areas or gardening space.
- Market Stagnation
The property has been on the market for 37 days and has already undergone a price reduction, suggesting that the initial pricing may have been aggressive for the Hillman City submarket.
About 3945 S Morgan Street
Welcome to this stunning brand-new construction in Seattle! This beautifully designed 3-bedroom, 3.25-bath home offers modern style, thoughtful finishes, and exceptional functionality. The custom-designed kitchen serves as the heart of the home, complemented by mini-split heating and cooling systems in every room for year-round comfort. Enjoy durable new LVP flooring throughout, a cozy fireplace, and an attached 1-car garage. Step outside and take advantage of your private rooftop deck—perfect for relaxing, entertaining, or enjoying the Seattle skyline. With no HOA, this is a rare opportunity to own a contemporary Seattle home with the features and flexibility you've been looking for.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 1,619 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 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 | 4.0 | 2.0 |
| Square foot | 1,763 | 1,801.924 |
| Lot Size | 1,619 | 4,494.536 |
| Price | $800.0K | $974.4K |
| Price per sq ft | $454 | $569 |
| Built year | 2026 | 1948 |
| HOA | $0 | $78 |
| Days on market | 64 | 35 |
Pricing History
Listed for Sale
Sep 27, 2026
$799,950
$824,950
-3% Price Drop
Initial Listing
Price Change
Aug 21, 2026
$824,950
Initial Listing