
Seattle, WA 98118
This property presents a High-Potential Investment Opportunity with a List Price of $889,000—positioned above the $809,236 Fair Market Value. While the property requires a full restoration due to its Condition Rating of 5, the 7,200 sq. ft. lot and Mid-Century Character provide a solid foundation for value-add renovation. The home features two wood-burning fireplaces and a private backyard with a natural landscape buffer. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors capable of managing a comprehensive interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4021 46th Avenue S Subject 3 bd · 2 ba · 1,620 sqft · $500 | $889,000* List Price | 3 | 2 | 1,620 | $500 | - |
A 4215 51st Avenue S Sold 2 bd · 2 ba · 2,240 sqft · $397 · 0.3 mi | $890,000 | 2 | 2 | 2,240 | $397 | 0.3 mi |
B 4929 55th Avenue S Sold 3 bd · 2 ba · 1,500 sqft · $500 · 0.8 mi | $750,000 | 3 | 2 | 1,500 | $500 | 0.8 mi |
C 4215 51st Avenue S Sold 2 bd · 2 ba · 2,240 sqft · $397 · 0.3 mi | $890,000 | 2 | 2 | 2,240 | $397 | 0.3 mi |
D 4525 47th Avenue S Sold 3 bd · 3 ba · 2,210 sqft · $452 · 0.3 mi | $999,000 | 3 | 3 | 2,210 | $452 | 0.3 mi |
E 3838 38th Avenue S Active 4 bd · 2 ba · 1,710 sqft · $418 · 0.4 mi | $715,000 List Price | 4 | 2 | 1,710 | $418 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 and offered for the first time in 46 years, this property is in original condition and requires a full restoration. The interior shows dated finishes, aged systems, and significant wear, fitting the criteria for a major rehab rather than simple cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7200, living area = 1620.
Situated just 1.5 blocks from Lake Washington Boulevard and adjacent to Genesee Park, the property offers exceptional access to waterfront recreation and iconic Seattle landmarks.
The home retains its original 1953 charm with hardwood floors, large picture windows, and two wood-burning fireplaces, providing a desirable aesthetic foundation for restoration.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Sold in 'as-is' condition and described as ready for restoration, the property will require substantial capital investment to modernize systems and finishes.
The lower-level bedroom is non-conforming and over 600 sq. ft. of the total space remains unfinished, which may impact immediate utility and financing options.
Ready for restoration, this mid-century home near Genesee Park in Seattle offers a rare chance to preserve its charm while making it your own. Welcome to 4021 46th Ave S, offered for the first time in 46 years. Set on a 7,200 sq. ft. lot, this 2 bedroom, 1.5 bath home offers 1,620 sq. ft. of finished living space plus 620 sq. ft. of unfinished space. Hardwood floors, large picture windows, and two wood-burning fireplaces showcase the home’s original character. The spacious lower-level family room features a second fireplace and an additional nonconforming bedroom, with flexible space for hobbies, a home office, or storage. Out back, a natural landscape buffer separates the private backyard from adjoining Genesee Park, creating a peaceful setting without direct park views. An attached carport and RV parking add convenience. Just 1.5 blocks from Lake Washington Boulevard, the property is close to the boathouse and Seattle’s iconic hydroplane pits. Bring your vision and imagine the possibilities! Sold as is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,620 | 1,801.924 |
| Lot Size | 7,200 | 4,494.536 |
| Price | $889.0K | $974.4K |
| Price per sq ft | $549 | $569 |
| Built year | 1953 | 1948 |
| HOA | $0 | $78 |
| Days on market | 6 | 35 |
Oct 18, 2026
$889,000
Initial Listing