4028 38TH Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 2 bath
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Seattle, WA 98118
This Spacious Traditional Home is a Strong Value Opportunity, listed at $820,000—positioned well below the $829,711 Fair Market Value by 1%. This valuation gap offers $9,711 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a newer roof, windows, and deck, alongside panoramic skyline views. Located near Hawthorne Elementary, this property balances lifestyle appeal with financial stability. It is an ideal acquisition for Owner-Occupants seeking a move-in ready residence or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4028 38TH Avenue S Subject | $799,950* List Price | 3 | 2 | 1,500 | $550 | - |
A 4625 48th Avenue S Sold | $959,000 | 3 | 2 | 1,820 | $527 | 0.7 mi |
B 4048 37th Avenue S Active | $875,000 List Price | 3 | 1 | 1,360 | $643 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1905, the property has undergone significant recent renovations (likely within 5-15 years) including a newer roof, windows, and deck. The kitchen features modern quartz countertops and stainless steel appliances, and the interior is move-in ready with updated flooring and fresh paint.
Situated in the desirable Mt Baker area, the property offers panoramic western sunsets and Seattle skyline views, located just three blocks from the Stan Sayers Boat Launch.
Priced below the assessed value on one of the largest lots in the neighborhood, this home presents significant equity growth and upside potential compared to high-value neighboring properties.
Key updates including a newer roof, windows, deck, and fresh interior/exterior paint provide immediate move-in readiness and reduce near-term maintenance costs for the buyer.
Originally built in 1905, the property may possess aging underlying systems or structural characteristics typical of century-old homes that require specialized maintenance.
With 1,500 square feet distributed across multiple levels, the interior layout may feel restrictive for buyers accustomed to more expansive or open-concept modern floor plans.
Awesome Location!! Selling BELOW Assessed Value! Enjoy panoramic western sunsets and distant views of the Seattle skyline from this elevated home just 3 blocks from Stan Sayers Boat Launch. Updates include; newer windows, newer roof, newer deck, updated flooring, and fresh interior & exterior paint. With 3 bedrooms plus one full bathroom on each level, this home rests up high on one of the largest lots in the area. Picturesque views, generous space, and strong upside potential surrounded by high-value neighboring homes that show pride of ownership. All just minutes to Downtown Seattle and the vibrant shops and dining of revitalized Columbia City.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades K-8 • 0.9 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
Jul 12, 2026
$799,950
$820,000
-2% Price Drop
Initial Listing
Jun 24, 2026
$820,000
Initial Listing