4024 55th Avenue SW, Seattle, WA 98116, Seattle, 98116 - 4 bed, 3 bath
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4024 55th Avenue SW
Seattle, WA 98116
CLOSED
CONDITION: EXCELLENT
4Beds
3Baths
2,520Sq Ft
5,500Lot Size
Property Price
LIST PRICE$1,282,500
EST. MARKET VALUE
$1,424,409
9% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,282,500—positioned well below the $1,369,051 Fair Market Value by 6%. This valuation gap offers $86,551 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with a modernized kitchen, central A/C, and Sound & Mountain views, this home offers a premium lifestyle. It is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or discerning buyers prioritizing West Seattle’s coastal lifestyle.
Estimated Market Value
$1,424,409+$141,909 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 |
|---|---|---|---|---|---|---|
★ 4024 55th Avenue SW Subject | $1,300,000 | 4 | 3 | 2,520 | $565 | - |
A 5336 SW Admiral Way Sold | $1,625,000 | 4 | 3 | 2,480 | $655 | 0.7 mi |
B 4543 50th Avenue SW Sold | $1,200,000 | 4 | 3 | 2,640 | $455 | 0.5 mi |
C 4700 49th Avenue SW Sold | $1,680,000 | 5 | 3 | 2,640 | $636 | 0.6 mi |
D 4515 SW Genesee Street Sold | $1,270,000 | 3 | 3 | 2,380 | $534 | 0.6 mi |
E 4743 50th Avenue SW Sold | $1,026,000 | 3 | 2 | 2,120 | $484 | 0.6 mi |
F 3435 Walnut Avenue SW Sold | $1,475,000 | 4 | 4 | 2,825 | $522 | 0.9 mi |
G 3708 Schmitz Avenue SW Pending | $1,499,999 List Price | 5 | 3 | 2,600 | $577 | 0.3 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.
While originally built in 1945, the property has undergone extensive recent renovations (likely <5 years) including a modern kitchen with soapstone counters and updated bathrooms with heated floors and contemporary fixtures. The addition of central A/C and a Level 2 EV charger indicates modernized systems, putting the home in mint, move-in condition.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Outdoor Space
The property features a rare, level, and lush 'estate-like' lot that provides a private emerald-green retreat perfect for gardening, play, and high-end outdoor entertaining.
- Modernized Classic Charm
This 1945 home seamlessly blends timeless character with premium modern upgrades, including a chef’s kitchen with soapstone counters, central A/C, and a Level 2 EV charger.
- Scenic Views & Prime Location
Situated in a quiet Genesee pocket near Alki Beach, the upper level offers desirable Sound and Mountain views, capturing the quintessential West Seattle lifestyle.
CONSRISKS & DEFICIENCIES
- Limited Garage Capacity
The detached garage only accommodates one vehicle, which may be a constraint for multi-car households typical for a four-bedroom residence.
- Vintage Structural Footprint
Originally built in 1945, the home may retain some traditional layout limitations or smaller secondary room scales common to its era compared to contemporary open-concept constructions.
About 4024 55th Avenue SW
Nestled in the west heart of Genesee, this timeless home is set on a beautiful, estate-like lot that offers the perfect blend of comfort & outdoor living. The dreamy, level, emerald-green retreat is a rare find - lush, inviting & ideal for everything from summer gatherings & gardening to play and peaceful afternoons in the sun. The property exudes pride of ownership both inside & out. Refinished hardwoods on main, updated kitchen with farm sink & soapstone counters with bar seating, gas fireplace in living with French Doors to back & newer bath on main too. Upper bedrooms have Sound & Mountain views & walk-in closets with heated-floor bath. Lower has good height, full rec room, wine room, bonus room, laundry room & solid storage space as well. Rocking-chair front porch, covered back deck, central A/C, skylights, ceiling fan, Level 2 EV charger & detached 1-car garage that can flex into shop as driveway has parking for multiple vehicles. Very quiet pocket, close to Alki Beach, Admiral & Alaska Junction. A truly special property that embodies the quintessential West Seattle lifestyle!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 5,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 3.0 | 2.0 |
| Square foot | 2,520 | 1,803.474 |
| Lot Size | 5,500 | 4,544.116 |
| Price | $1.30M | $978.6K |
| Price per sq ft | $516 | $570 |
| Built year | 1945 | 1949 |
| HOA | $0 | $68 |
| Days on market | 48 | 36 |
Pricing History
Listed for Sale
Jul 23, 2026
$1,282,500
Initial Listing