4054 54th Avenue SW, Seattle, WA 98116, Seattle, 98116 - 4 bed, 3 bath
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4054 54th Avenue SW
Seattle, WA 98116
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,290Sq Ft
2,500Lot Size
Property Price
LIST PRICE$1,149,000
EST. MARKET VALUE
$991,072
15% AboveMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $1,149,000—positioned well above the $991,073 Fair Market Value by 15%. While the property features a Fair Condition Rating due to dated finishes, it offers a move-in ready interior with vaulted ceilings, updated kitchen appliances, and a spacious primary suite. With two upper-level balconies and a backyard deck, the home provides excellent outdoor living in the desirable Genesee Hill neighborhood. This property is an ideal acquisition for Owner-Occupants or Value-Add Investors seeking a prime Seattle location.
Estimated Market Value
$991,072
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 |
|---|---|---|---|---|---|---|
★ 4054 54th Avenue SW Subject 4 bd · 3 ba · 2,290 sqft · $433 | $1,149,000* List Price | 4 | 3 | 2,290 | $433 | - |
A 4407 40th Avenue SW Sold 3 bd · 4 ba · 2,310 sqft · $426 · 0.9 mi | $985,000 | 3 | 4 | 2,310 | $426 | 0.9 mi |
B 4014 57th Avenue SW Active 3 bd · 2 ba · 1,730 sqft · $538 · 0.2 mi | $930,000 List Price | 3 | 2 | 1,730 | $538 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1998, making it over 20 years old. While the listing mentions a 'refresh' and updated appliances, the kitchen and bathroom cabinetry appear to be original oak finishes from the late 90s. Per the criteria, homes >20 years old with dated finishes that may require cosmetic updates are classified as Fair, despite being well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly desirable Genesee Hill neighborhood, the property offers exceptional proximity to Alki Beach, the West Seattle Junction, and convenient access to downtown Seattle.
- Modern Interior Appeal
The residence features a refreshed interior with vaulted ceilings, updated kitchen appliances, and a spacious primary suite with a five-piece spa-inspired bath, ensuring a move-in-ready experience.
- Enhanced Outdoor Living
Multiple outdoor spaces, including two upper-level balconies and a generous backyard deck, provide ample room for entertaining and relaxation despite the urban setting.
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 = 2500, living area = 2290.
- Limited Lot Size
The 2,500 square foot lot is quite compact for a 2,290 square foot home, which may result in limited yard space and reduced privacy from neighboring properties.
- Extended Market Time
With 77 days on the market and a recent price reduction, the property may be facing challenges with buyer perception or initial overpricing in a competitive segment.
About 4054 54th Avenue SW
Nestled in the heart of Genesee Hill, this beautifully refreshed residence offers a seamless blend of comfort and everyday functionality. Updated kitchen appliances create a move-in ready interior, while vaulted ceilings add openness throughout the main living spaces. The spacious primary suite features three closets and a spa-inspired five-piece bath. Two upper-level balconies and a generous backyard deck provide inviting spaces for relaxing or entertaining. Complete with custom window coverings, upgraded exterior lighting, a cozy gas fireplace, and low-maintenance landscaping. Just minutes from the West Seattle Junction, parks, cafés, shopping, Alki Beach and downtown Seattle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 2,500 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 | 2,290 | 1,801.924 |
| Lot Size | 2,500 | 4,494.536 |
| Price | $1.15M | $974.4K |
| Price per sq ft | $502 | $569 |
| Built year | 1998 | 1948 |
| HOA | $0 | $78 |
| Days on market | 92 | 35 |
Pricing History
Listed for Sale
Oct 9, 2026
$1,149,000
$1,195,000
-4% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$1,195,000
Initial Listing