
Seattle, WA 98118
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned slightly above the $952,486 Fair Market Value. While the price reflects the current market, the NR3 Zoning and 7,200 square foot lot provide significant long-term development upside. With a Condition Rating of 5, the home requires a full rehab, offering a blank canvas for value-add renovations. Featuring a panoramic Seattle skyline view and a prime location near Columbia City, this is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4200 S Ferdinand Street Subject 4 bd · 2 ba · 1,950 sqft · $488 | $995,000* List Price | 4 | 2 | 1,950 | $488 | - |
A 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 |
B 4215 51st Avenue S Sold 2 bd · 2 ba · 2,240 sqft · $397 · 0.7 mi | $890,000 | 2 | 2 | 2,240 | $397 | 0.7 mi |
C 4215 51st Avenue S Sold 2 bd · 2 ba · 2,240 sqft · $397 · 0.7 mi | $890,000 | 2 | 2 | 2,240 | $397 | 0.7 mi |
D 4929 55th Avenue S Sold 3 bd · 2 ba · 1,500 sqft · $500 · 0.7 mi | $750,000 | 3 | 2 | 1,500 | $500 | 0.7 mi |
E 4225 46th Avenue S Sold 2 bd · 2 ba · 1,720 sqft · $512 · 0.5 mi | $880,000 | 2 | 2 | 1,720 | $512 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 (49 years old) with no evidence of major renovations. The kitchen features original dark cabinetry and dated appliances, while the interior retains 1970s-era wood paneling, popcorn ceilings, and older carpeting. The listing's emphasis on 'development opportunity' and 'personal updates' confirms the structure requires a full rehab to meet modern standards.
The property sits on a generous 7,200 square foot lot with NR3 zoning, providing a significant opportunity for developers or investors to capitalize on Seattle's residential density codes.
Located in the desirable Columbia City neighborhood, the home offers excellent walkability to the Landmark District’s shops, restaurants, and farmers market, as well as proximity to Seward Park and Lake Washington.
The 1,950 square foot split-entry design features a fully finished lower level with a bedroom, bathroom, and family room, offering ideal flexibility for multi-generational living or a rental suite.
Built in 1975 and described as ready for personal updates, the home likely requires a significant budget for cosmetic modernizations to meet current market standards for high-end finishes.
While the area is served by some high-performing institutions like Mercer Middle School, several other assigned schools in the immediate vicinity carry lower ratings, which may impact appeal for education-focused families.
Development opportunity awaits with Seattle's NR3 zoning code! Welcome home to this well-maintained 4-bedroom, 2-bathroom split-entry home with 1,950 square feet of living space. The main level features a spacious living room, dining area, and kitchen with dark cabinetry and plenty of storage. Three bedrooms, a full bathroom, and ample closet space complete the upper level. Downstairs, the fourth bedroom, second full bathroom, large family room, and laundry room provide added flexibility for guests, a home office, or multi-generational living. Well cared for and ready for your personal updates, this home offers a functional layout with generous living spaces and plenty of room to make it your own. Outside, enjoy established landscaping and great curb appeal in a quiet neighborhood. Conveniently located near Seward Park, the Columbia City Landmark District, Lake Washington, I-5, and major commuting routes, with a bank, restaurants, shops, farmers market, and library all within walking distance.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades PK-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,950 | 1,801.924 |
| Lot Size | 7,200 | 4,494.536 |
| Price | $995.0K | $974.4K |
| Price per sq ft | $510 | $569 |
| Built year | 1975 | 1948 |
| HOA | $0 | $78 |
| Days on market | 44 | 35 |
Sep 10, 2026
$995,000
Initial Listing