4405 SW Alaska Street 304, Seattle, WA 98116, Seattle, 98116 - 1 bed, 1 bath
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4405 SW Alaska Street 304
Seattle, WA 98116
ACTIVE
CONDITION: POOR
1Beds
1Baths
499Sq Ft
0Lot Size
Property Price
LIST PRICE$199,900
EST. MARKET VALUE
$234,359
14% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $199,900—positioned well below the $234,359 Fair Market Value by 14%. This valuation gap offers $34,459 in Instant Equity for buyers willing to execute a renovation plan. Given the Fair Condition Rating and the need for a full interior rehab, this unit is a value-add asset in a prime, walkable West Seattle location. It is an ideal acquisition for Fix-and-Flip Investors or first-time buyers seeking to build equity through sweat equity.
Estimated Market Value
$234,359+$34,459 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 4405 SW Alaska Street 304 Subject | $199,900* List Price | 1 | 1 | 499 | $470 | - |
A 4407 SW Alaska Street 11 Sold | $257,000 | 1 | 1 | 496 | $518 | 0.0 mi |
B 4831 Fauntleroy Way SW 401 Sold | $255,000 | 1 | 1 | 509 | $501 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1949 with no evidence of recent renovations, this unit requires a full rehab. Interior photos show significant ceiling damage and peeling plaster, heavily worn hardwood floors, exposed electrical wiring, and an original, outdated kitchen. The listing explicitly notes it as a 'sweat equity' opportunity, confirming the need for major updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the heart of West Seattle, this property offers exceptional walkability to local shops, dining, and vibrant community amenities just outside the front door.
- Optimal Unit Positioning
As a top-floor corner unit, the home benefits from abundant natural light and enhanced privacy with fewer shared walls compared to other units.
- Value-Add Potential
The competitive sub-$200k price point and 'sweat equity' mention provide a significant opportunity for investors or first-time buyers to build equity through cosmetic updates.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
With only 499 square feet of living space, the unit's small footprint may be restrictive for buyers seeking more room or extensive storage.
- High Monthly HOA Fees
The $567 monthly association fee is relatively high given the property's size and price, which may impact overall monthly affordability for budget-conscious buyers.
About 4405 SW Alaska Street 304
Value priced top floor condo in wonderful Central Park building in vibrant West Seattle! Light filled corner unit, with oak hardwood floors, and a dual closeted primary bedroom. Cozy little eat-in kitchen and a full bathroom. Well maintained brick exterior building with a lovely, shared courtyard and common lobby entrance. Building amenities include laundry facility, bike storage and storage lockers. HOA dues include water, sewer, garbage & hot water. Fantastic walkable location right in the heart of West Seattle. So many things to do and see just outside your front door. Listed well below assessed value, great sweat equity opportunity! Come see!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1949
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $567 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 499 | 1,034.227 |
| Lot Size | - | 2,208.034 |
| Price | $199.9K | $552.8K |
| Price per sq ft | $401 | $559 |
| Built year | 1949 | 1997 |
| HOA | $567 | $311 |
| Days on market | 7 | 63 |
Pricing History
Listed for Sale
Sep 2, 2026
$199,900
Initial Listing