4516 S Mead Street, Seattle, WA 98118, Seattle, 98118 - 3 bed, 2 bath
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4516 S Mead Street
Seattle, WA 98118
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,150Sq Ft
3,090Lot Size
Property Price
LIST PRICE$749,950
EST. MARKET VALUE
$703,466
6% AboveMARKET VALUE
SUMMARY
This Updated Hillman City Residence is a Strong Value Opportunity, listed at $749,950—positioned well above the $703,467 Fair Market Value by -6%. While priced at a premium, the home features a Condition Rating of 3, offering a turnkey lifestyle with a gourmet kitchen, central A/C, and a versatile basement. Its prime location provides exceptional walkability to parks and transit. This property is an ideal match for Owner-Occupants seeking a move-in ready sanctuary or first-time buyers prioritizing community and convenience.
Estimated Market Value
$703,466
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 |
|---|---|---|---|---|---|---|
★ 4516 S Mead Street Subject 3 bd · 2 ba · 1,150 sqft · $612 | $749,950* List Price | 3 | 2 | 1,150 | $612 | - |
A 4161 41st Avenue S Sold 3 bd · 2 ba · 1,080 sqft · $632 · 1.0 mi | $683,000 | 3 | 2 | 1,080 | $632 | 1.0 mi |
B 3511 S Ferdinand Street Sold 3 bd · 2 ba · 1,340 sqft · $560 · 0.7 mi | $749,950 | 3 | 2 | 1,340 | $560 | 0.7 mi |
C 4219 S Mead Street Sold 4 bd · 2 ba · 1,500 sqft · $483 · 0.2 mi | $725,000 | 4 | 2 | 1,500 | $483 | 0.2 mi |
D 4229 46th Avenue S Sold 2 bd · 1 ba · 1,080 sqft · $685 · 1.0 mi | $740,000 | 2 | 1 | 1,080 | $685 | 1.0 mi |
E 4513 Cascadia Avenue S Sold 3 bd · 2 ba · 870 sqft · $784 · 0.9 mi | $682,000 | 3 | 2 | 870 | $784 | 0.9 mi |
F 5812 46th Avenue S Pending 3 bd · 1 ba · 1,240 sqft · $585 · 0.1 mi | $725,000 List Price | 3 | 1 | 1,240 | $585 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite being built in 1910, the property has been significantly updated and is move-in ready. It features a modernized kitchen with newer appliances and countertops, updated bathrooms, and upgraded systems including a newer furnace and A/C unit.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Vintage Charm
This 1910 home has been thoughtfully updated with a gourmet kitchen featuring granite countertops and newer appliances, plus the rare addition of central A/C for year-round comfort.
- Exceptional Walkability
Located in the heart of Hillman City, the property boasts high walkability to local restaurants, parks, and public transit, offering a vibrant urban lifestyle near Lake Washington.
- Versatile Space & Parking
The partially finished basement provides excellent potential for a home office or gym, complemented by rare parking options including a two-car tandem garage and RV/boat storage.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At 1,150 square feet on a modest 3,090 square foot lot, the property offers limited interior and exterior space, which may not suit buyers looking for a larger footprint.
- Inconsistent School Ratings
The local school district presents a wide range of performance ratings, including some lower-rated options that could be a concern for education-focused buyers.
About 4516 S Mead Street
Updated home in highly desired Hillman City just mins from Seward Park, Lake Washington & neighboring Columbia City. Plenty of room to live, entertain & work from home. Large eat-in gourmet kit w/newer appliances, butcher block & granite countertops. Updated baths, newer furnace w/ A/C. Partially finished garage basement loaded w/ potential can be used for office, media rm or workout area. Enjoy sunsets on new terraced patio or covered deck. Two car tandem garage with RV/boat and street parking. Great walkability to restaurants, shopping, parks, coffee shops, public transit, & more. Enjoy all this bustling community has to offer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 3,090 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Graham Hill Elementary School
Grades PK-5 • 0.5 mi
6/10
Brighton Elementary School
Grades PK-5 • 0.6 mi
3/10
Dearborn Park Elementary School
Grades K-5 • 0.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,150 | 1,801.924 |
| Lot Size | 3,090 | 4,494.536 |
| Price | $750.0K | $974.4K |
| Price per sq ft | $652 | $569 |
| Built year | 1910 | 1948 |
| HOA | $0 | $78 |
| Days on market | 43 | 35 |
Pricing History
Listed for Sale
Sep 11, 2026
$749,950
Initial Listing