4114 37th Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 2 bath
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Seattle, WA 98118
This property presents a High-Potential Investment Opportunity with a List Price of $949,000—positioned above the $890,860 Fair Market Value by 6%. As a Shovel-Ready Development Asset with a Condition Rating of 6, the value lies in the approved permits for four townhomes. The site features Scenic Mountain Views and proximity to Hawthorne Elementary, making it a prime candidate for density. This is a strategic acquisition for Real Estate Developers or Professional Builders seeking to capitalize on Mount Baker’s high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4114 37th Avenue S Subject | $949,000* List Price | 3 | 2 | 1,270 | $701 | - |
A 3226 S Edmunds Street Active | $1,200,000 List Price | 4 | 2 | 1,760 | $682 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1908 with no evidence of renovation; explicitly marketed as a shovel-ready development opportunity for townhomes, indicating the existing structure is unlivable and value is strictly in the land and permits.
The property includes approved permits and plans for four contemporary townhomes, significantly reducing the time and risk associated with the entitlement process for developers.
Situated in a highly connected neighborhood, the site offers easy access to Lake Washington, downtown Seattle, and major transit routes including I-90 and I-5.
The property features mountain views that will enhance the appeal and marketability of the future rooftop decks planned for the new construction.
With 299 days on the market, the listing may face buyer hesitation or require a strategic price evaluation to overcome perceived stagnation.
The existing 1908 structure necessitates demolition to execute the development plans, adding immediate site preparation costs to the project budget.
Exceptional Development Opportunity in Mount Baker! This shovel-ready lot comes with approved permits and plans to construct four contemporary townhomes with roof-top, each boasting 3 bedrooms and 2.5 bathrooms. Located in a prime area, just minutes away from Lake Washington, beautiful parks, top-rated schools, and major transit routes, this property offers unparalleled convenience. With easy access to I-90, I-5, and Downtown Seattle, Airport, this is a highly attractive investment for developers or builders. Seize the opportunity to build in one of Seattle’s most vibrant and well-connected neighborhoods. Don’t miss out on this chance to create something remarkable in Mount Baker!
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades K-8 • 0.9 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1908 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Jul 21, 2025
$949,000
Initial Listing