4631 47th Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 1 bath
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4631 47th Avenue S
Seattle, WA 98118
PENDING
CONDITION: FAIR
3Beds
1Baths
960Sq Ft
6,600Lot Size
Property Price
LIST PRICE$699,950
EST. MARKET VALUE
$653,093
7% AboveMARKET VALUE
SUMMARY
This Seward Park residence represents a Strong Value Opportunity, listed at $699,950—positioned well below the $653,093 Fair Market Value by -7%. While the property is currently priced above market, the Fair Condition Rating and unfinished basement provide a clear path for value-add renovation. With core systems like the 2019 heat pump and 2009 electrical/plumbing already addressed, this home is a stable asset for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic cosmetic improvements in a high-demand Seattle neighborhood.
Estimated Market Value
$653,093
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 |
|---|---|---|---|---|---|---|
★ 4631 47th Avenue S Subject 3 bd · 1 ba · 960 sqft · $680 | $699,950* List Price | 3 | 1 | 960 | $680 | - |
A 4920 51st Avenue S Sold 2 bd · 1 ba · 1,020 sqft · $848 · 0.4 mi | $865,000 | 2 | 1 | 1,020 | $848 | 0.4 mi |
B 5968 44th Avenue S Sold 3 bd · 1 ba · 1,010 sqft · $644 · 0.9 mi | $650,000 | 3 | 1 | 1,010 | $644 | 0.9 mi |
C 3639 S Lucile Street Sold 2 bd · 1 ba · 720 sqft · $790 · 0.8 mi | $569,000 | 2 | 1 | 720 | $790 | 0.8 mi |
D 4829 S Kenny Street Sold 3 bd · 2 ba · 1,250 sqft · $588 · 0.8 mi | $735,000 | 3 | 2 | 1,250 | $588 | 0.8 mi |
E 4515 49th Avenue S Pending 2 bd · 1 ba · 910 sqft · $879 · 0.2 mi | $800,000 List Price | 2 | 1 | 910 | $879 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1954 but features key system updates including a plumbing and electrical overhaul in 2009 (17 years ago) and a new heat pump in 2019. The home is functional but dated, sold 'as-is' with an unfinished basement, indicating it requires cosmetic updates and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly desirable Seward Park neighborhood, this home offers excellent proximity to the Light Rail, community parks, and local dining, ensuring strong long-term value and convenience.
- Significant Equity Potential
The unfinished basement presents a prime opportunity for investors or savvy buyers to add square footage and build immediate equity through creative renovation and finishing.
- Updated Core Systems
The property features a newer heat pump installed in 2019 and a comprehensive plumbing and electrical overhaul from 2009, reducing the risk of immediate major infrastructure expenses.
CONSRISKS & DEFICIENCIES
- Limited Finished Space
With only 960 square feet of finished living area and a single bathroom, the current layout may feel restrictive for modern families or those requiring more functional space.
- As-Is Condition
The property is sold in as-is condition, implying that significant cosmetic or structural investment may be required to modernize the home and address deferred maintenance.
About 4631 47th Avenue S
Location, Location, Location! Equity awaits the savvy buyer or investor at this wonderful Seward Park home. This charming craftsman home features 3 main floor bedrooms, 1 bathroom, living room with fireplace, and kitchen with dining area. Downstairs there is a unfinished basement ready for your vision and creativity. Outside features a spacious yard and a driveway with covered carport for convenient off street parking. Located near Light rail, community parks, restaurants and more! Heat pump installed in 2019. Plumbing and electrical overhauled in 2009. Don't miss this rare opportunity! Sold as is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 6,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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
Graham Hill Elementary School
Grades PK-5 • 1.1 mi
6/10
John Muir Elementary School
Grades K-5 • 1.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 960 | 1,801.924 |
| Lot Size | 6,600 | 4,494.536 |
| Price | $700.0K | $974.4K |
| Price per sq ft | $729 | $569 |
| Built year | 1954 | 1948 |
| HOA | $0 | $78 |
| Days on market | 44 | 35 |
Pricing History
Listed for Sale
Sep 10, 2026
$699,950
Initial Listing