
Seattle, WA 98118
This Spacious Historic Residence is a Strong Value Opportunity, listed at $1,150,000—positioned well below the $1,175,011 Fair Market Value by 2%. This valuation gap offers $25,011 in Instant Equity. With an Excellent Condition Rating, the home features Solar Panels, a High-Efficiency Heat Pump, and a Flexible MIL Floorplan. Located near Seward Park and Lake Washington, it balances sustainable living with income potential. This is an ideal acquisition for Owner-Occupants seeking multi-generational space or Investors targeting rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4616 49th Avenue S Subject 5 bd · 3 ba · 2,770 sqft · $424 | $1,150,000* List Price | 5 | 3 | 2,770 | $424 | - |
A 4509 S Snoqualmie Street Sold 5 bd · 3 ba · 3,100 sqft · $415 · 0.2 mi | $1,285,000 | 5 | 3 | 3,100 | $415 | 0.2 mi |
B 4921 50th Avenue S Sold 4 bd · 2 ba · 2,660 sqft · $442 · 0.3 mi | $1,175,000 | 4 | 2 | 2,660 | $442 | 0.3 mi |
C 5050 35th Avenue S Sold 5 bd · 3 ba · 2,230 sqft · $422 · 0.9 mi | $940,000 | 5 | 3 | 2,230 | $422 | 0.9 mi |
D 4631 48th Avenue S Sold 4 bd · 3 ba · 2,320 sqft · $460 · 0.1 mi | $1,068,000 | 4 | 3 | 2,320 | $460 | 0.1 mi |
E 3527 S Hudson Street Sold 4 bd · 2 ba · 2,030 sqft · $397 · 0.8 mi | $805,000 | 4 | 2 | 2,030 | $397 | 0.8 mi |
F 4625 48th Avenue S Sold 3 bd · 2 ba · 1,820 sqft · $527 · 0.1 mi | $959,000 | 3 | 2 | 1,820 | $527 | 0.1 mi |
G 5417 S Orcas Street Pending 4 bd · 3 ba · 2,810 sqft · $516 · 0.8 mi | $1,449,000 List Price | 4 | 3 | 2,810 | $516 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1919, the property has undergone significant recent renovations including remodeled bathrooms, new flooring, and a new deck. The integration of modern systems like solar panels and a high-efficiency heat pump for central A/C, combined with the mint interior condition shown in photos, qualifies it as excellent.
The integration of solar panels and a high-efficiency heat pump provides modern energy efficiency and central A/C while maintaining the home's 1919 historic charm and lowering utility costs.
With five bedrooms plus an office and a lower level designed for MIL, guest suite, or Airbnb use, the property offers exceptional versatility for multi-generational living or rental income.
Professionally designed PNW gardens, high-producing fruit trees, and a covered patio with a built-in bar create a premium, private outdoor oasis for entertaining and relaxation.
The views of Lake Washington and downtown are described as partial or 'winter views,' indicating that visibility is likely obstructed by foliage during the spring and summer months.
While the middle school is highly rated, the assigned elementary and high schools have lower ratings, which may be a consideration for families prioritizing specific public education metrics.
A rare opportunity to own a piece of Seattle history just blocks from Lake Washington, without the historic utility bills. This beautifully updated 1919 Seward Park home preserves the warmth, craftsmanship & soul of its era, from gorgeous old-growth woodwork to its distinctive cottage style stone exterior, while embracing modern, energy efficient living. Solar panels + a high-efficiency heat pump provide central A/C & remarkably low electric bills. With 5 bedrooms plus office & den, 2 living rooms & a flexible floorplan, there is room for everyone. The lower level offers MIL, guest suite, Airbnb or rental potential. Remodeled baths, new deck, attic insulation, flooring, paint, refreshed porch & railings add modern comfort while honoring the home's character. Professionally designed native PNW gardens wrap the property in mature greenery, high-producing fruit trees, raised beds & a rain garden. A covered patio with built-in serving bar creates a magical spot for dinners, parties & summer evenings surrounded by gardens. Off-street parking for multiple cars, partial winter Lake Washington views & a peek toward downtown. In the heart of beloved Seward Park min to Lake Washington, Seward Park trails & beaches, Columbia City restaurants & shops, light rail & the best of SE Seattle. Pre-inspected & thoughtfully cared for, this adored home has a personality all its own where historic Seattle craftsmanship, modern sustainability, abundant space & beautiful gardens come together.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,770 | 1,801.924 |
| Lot Size | 7,200 | 4,494.536 |
| Price | $1.15M | $974.4K |
| Price per sq ft | $415 | $569 |
| Built year | 1919 | 1948 |
| HOA | $0 | $78 |
| Days on market | 36 | 35 |
Sep 18, 2026
$1,150,000
Initial Listing