4563 33rd Avenue S, Seattle, WA 98118, Seattle, 98118 - 4 bed, 3 bath
Loading property details...
4563 33rd Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: TEAR DOWN
4Beds
3Baths
1,996Sq Ft
3,000Lot Size
Property Price
LIST PRICE$490,000
EST. MARKET VALUE
$479,296
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $484,908 Fair Market Value by -2%. As a Shovel-Ready Development Asset with a Condition Rating of 6, this site includes approved permits for a 1,996 sqft home and a basement ADU. The project eliminates significant administrative hurdles, making it an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the high rental demand in this walkable Seattle neighborhood.
Estimated Market Value
$479,296
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 |
|---|---|---|---|---|---|---|
★ 4563 33rd Avenue S Subject | $490,000* List Price | 4 | 3 | 1,996 | $240 | - |
A 4163 38th Avenue S Active | $399,950 List Price | 4 | 3 | 1,500 | $267 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1907 and currently boarded up with no interior access, the structure is in a state of severe decay and is being marketed for its land value and approved building permits for a new project.
PROSSTRENGTHS & OPPORTUNITIES
- Shovel-Ready Development
The property comes with a City of Seattle permit in hand, approved plans, survey, and geo report, saving the buyer months of administrative delays and significant soft costs.
- Income-Generating Potential
Approved plans include an attached basement ADU with its own kitchen and living space, providing a valuable opportunity for rental income or multi-generational living.
- Prime Columbia City Location
Located in a highly sought-after Seattle neighborhood with a high walkability factor and proximity to top-rated schools like Mercer Middle School.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1996, other record living area = 1460. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Limited Initial Access
The structure is currently boarded up with no interior access permitted until mutual acceptance, creating uncertainty regarding the state of the existing foundation or utilities.
- High Total Investment Cost
With a list price of $550,000 for what is essentially a building site, the buyer will need substantial additional capital to fund the full construction of the proposed 1,996 sqft project.
About 4563 33rd Avenue S
CITY OF SEATTLE PERMIT - IN HAND! Seller has worked very hard to get this permit and is ready to hand the project off to someone who is ready to build in Seattle. (PERMIT #6923845-CN). Approved Plans, Survey Done, Geo Report done. Seller will pass along all to new Buyer. Don't start from scratch on a new project without checking out this one first! No interior access on this one as it's boarded up. Interior Access with Seller upon Mutual Acceptance. Approved Plans call for 2 Story 1340 sqft 3 Bedroom, 2.5 Bathroom Home and an Attached Basement ADU with 1 Bedroom, 1 Bathroom, Kitchen, Living and Den. Call us for any questions.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1907
- Lot Size
- 3,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Hawthorne Elementary School
Grades PK-5 • 0.5 mi
5/10
Dearborn Park Elementary School
Grades K-5 • 0.7 mi
3/10
John Muir Elementary School
Grades K-5 • 0.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,996 | 1,803.474 |
| Lot Size | 3,000 | 4,544.116 |
| Price | $490.0K | $978.6K |
| Price per sq ft | $245 | $570 |
| Built year | 1907 | 1949 |
| HOA | $0 | $68 |
| Days on market | 117 | 36 |
Pricing History
Listed for Sale
Sep 3, 2026
$490,000
$495,000
-1% Price Drop
Initial Listing
Price Change
Aug 13, 2026
$495,000
$499,000
-1% Price Drop
Initial Listing
Price Change
Jul 30, 2026
$499,000
$529,000
-6% Price Drop
Initial Listing
Price Change
Jul 3, 2026
$529,000
$539,000
-2% Price Drop
Initial Listing
Price Change
Jun 13, 2026
$539,000
$550,000
-2% Price Drop
Initial Listing
Price Change
May 15, 2026
$550,000
Initial Listing