
Seattle, WA 98118
This 1912 Craftsman represents a High-Potential Investment Opportunity, listed at $1,398,000—positioned well above the $1,344,640 Fair Market Value by 3%. While the list price reflects a premium, the property features a Condition Rating of 3 with over $140,000 in recent upgrades, including a modernized kitchen and HVAC. The unobstructed views, expansive decks, and potential for a DADU offer significant long-term value. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality home with substantial development upside in a prime Seattle location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4108 41st Avenue S Subject 4 bd · 2 ba · 3,110 sqft · $432 | $1,398,000* List Price | 4 | 2 | 3,110 | $432 | - |
A 4730 48th Avenue S Sold 4 bd · 3 ba · 2,850 sqft · $537 · 0.6 mi | $1,530,000 | 4 | 3 | 2,850 | $537 | 0.6 mi |
B 4509 S Snoqualmie Street Sold 5 bd · 3 ba · 3,100 sqft · $415 · 0.4 mi | $1,285,000 | 5 | 3 | 3,100 | $415 | 0.4 mi |
C 4631 48th Avenue S Sold 4 bd · 3 ba · 2,320 sqft · $460 · 0.5 mi | $1,068,000 | 4 | 3 | 2,320 | $460 | 0.5 mi |
D 3820 45th Avenue S Sold 6 bd · 4 ba · 3,290 sqft · $547 · 0.3 mi | $1,800,000 | 6 | 4 | 3,290 | $547 | 0.3 mi |
E 4525 47th Avenue S Sold 3 bd · 3 ba · 2,210 sqft · $452 · 0.4 mi | $999,000 | 3 | 3 | 2,210 | $452 | 0.4 mi |
F 4518 49th Avenue S Sold 3 bd · 4 ba · 2,610 sqft · $490 · 0.5 mi | $1,280,000 | 3 | 4 | 2,610 | $490 | 0.5 mi |
G 4921 50th Avenue S Sold 4 bd · 2 ba · 2,660 sqft · $442 · 0.8 mi | $1,175,000 | 4 | 2 | 2,660 | $442 | 0.8 mi |
H 4711 51st Avenue S Sold 3 bd · 3 ba · 2,136 sqft · $550 · 0.7 mi | $1,175,000 | 3 | 3 | 2,136 | $550 | 0.7 mi |
I 4014 S Dakota Street Active 4 bd · 3 ba · 2,890 sqft · $483 · 0.0 mi | $1,395,000 List Price | 4 | 3 | 2,890 | $483 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1912 but features over $140K in recent upgrades making it highly functional and move-in ready. The kitchen has been beautifully modernized with high-end appliances and stone countertops, the bathroom is updated, and the home includes newer HVAC/air conditioning, though the lower level remains unfinished storage space.
The property features rare, unobstructed views with expansive decks and patios on every level, providing exceptional outdoor entertaining space and a premium Pacific Northwest lifestyle.
This 1912 Craftsman blends historic charm with over $140,000 in modern upgrades, including a renovated kitchen, high ceilings, and a primary suite equipped with air conditioning.
With a large 6,000 sqft lot suitable for a potential DADU and a high-ceiling daylight basement ready for conversion, the property offers substantial opportunities to increase square footage and rental income.
A recent $50,000 price reduction within the first 16 days on the market suggests the initial list price may have been misaligned with current buyer demand.
Although described as a 'money maker,' the lower level is currently utilized only for storage, requiring significant additional capital investment to realize its full living potential.
Looking for that screaming deal? Priced $200,000 less, plus over 140K of upgrades! This classic Craftsman with unobstructed views is the Seattle investment you have been waiting for. The main floor has all you are looking for, quality updated kitchen and appliances, high ceilings, spacious rooms and excellent flow. Your outdoor decks and patio offer entertaining spaces and views from every level. The upstairs primary suite is a haven to retreat to at the end of the day, cozy space, dormered bathroom and walk-in closet, air conditioning and an expansive deck for your morning coffee or evening glass of wine while you enjoy your view. The lower level is your money maker, rare large daylight windows, currently used for storage but what an amazing lower level it could be. Then you have a large yard with space for gardens and a coveted 2 car garage. Maybe a DADU in the future? Walking distance to Lake Washington and Genesee Park.Don’t miss this find!
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades K-8 • 0.8 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 3,110 | 1,801.924 |
| Lot Size | 6,000 | 4,494.536 |
| Price | $1.40M | $974.4K |
| Price per sq ft | $450 | $569 |
| Built year | 1912 | 1948 |
| HOA | $0 | $78 |
| Days on market | 43 | 35 |
Sep 27, 2026
$1,398,000
$1,448,000
-3% Price Drop
Initial Listing
Sep 11, 2026
$1,448,000
Initial Listing