4903 50th Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 2 bath
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4903 50th Avenue S
Seattle, WA 98118
CLOSED
CONDITION: GOOD
3Beds
2Baths
1,800Sq Ft
7,200Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$987,999
SUMMARY
This Multi-Generational Residential Asset is a Strong Value Opportunity, listed at $995,000—positioned well below the $1,002,532 Fair Market Value by 0.75%. This valuation gap offers $7,532 in Instant Equity. Featuring a Condition Rating of 3, the property includes a remodeled ADU, solar-ready metal roof, and a 7,200 sqft lot with DADU potential. With a view-oriented layout and proximity to light rail, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-generating flexibility.
Estimated Market Value
$987,999
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 |
|---|---|---|---|---|---|---|
★ 4903 50th Avenue S Subject | $995,000 | 3 | 2 | 1,800 | $549 | - |
A 4625 48th Avenue S Sold | $959,000 | 3 | 2 | 1,820 | $527 | 0.2 mi |
B 4927 50th Avenue S Sold | $1,270,000 | 3 | 2 | 2,130 | $596 | 0.0 mi |
C 4858 S Orcas Street Sold | $984,500 | 3 | 2 | 1,755 | $561 | 0.5 mi |
D 4755 39th Avenue S Sold | $1,075,000 | 4 | 2 | 1,840 | $584 | 0.6 mi |
E 3902 S Genesee Street Sold | $859,000 | 4 | 2 | 1,860 | $462 | 0.7 mi |
F 4525 47th Avenue S Sold | $999,000 | 3 | 3 | 2,210 | $452 | 0.3 mi |
G 3527 S Hudson Street Sold | $805,000 | 4 | 2 | 2,030 | $397 | 0.8 mi |
H 4707 S Brandon Street Sold | $999,000 | 4 | 2 | 1,820 | $549 | 0.4 mi |
I 4908 S Snoqualmie Street Active | $1,250,000 List Price | 3 | 2 | 2,132 | $586 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1948, the property has undergone significant system upgrades including new plumbing, electrical, a metal roof with solar panels, and on-demand hot water. The ADU is fully remodeled with modern finishes. Although the main kitchen features dated cabinetry and countertops, the home is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Flexibility
The property features a beautifully remodeled ADU, providing a turnkey opportunity for rental income, a guest suite, or a seamless conversion into a larger single-family residence.
- High-Value Infrastructure
Extensive modern upgrades including a metal roof with solar panels, new plumbing and electrical systems, and on-demand hot water significantly reduce future maintenance concerns and utility costs.
- Development Potential
The oversized 7,200 sqft corner lot offers rare flexibility and significant value-add potential for the construction of a future Detached Accessory Dwelling Unit (DADU).
CONSRISKS & DEFICIENCIES
- Compact Living Space
With 1,800 square feet split between the main house and the ADU, the primary living areas may feel small for buyers seeking a more expansive primary residence at this price point.
- Varied School Performance
While the assigned middle school is highly rated, the local elementary and high schools carry lower ratings, which could impact appeal for families prioritizing top-tier public education.
About 4903 50th Avenue S
Nestled above Lake Washington, this beloved Lakewood home offers a rare blend of charm, flexibility, and income potential. The view-oriented main residence is complemented by a beautifully remodeled ADU below—ideal for rental income, guests, or easily reimagined as a spacious single-family home. Thoughtful upgrades include wood-framed windows, a metal roof with solar panels, new plumbing and electrical, and on-demand hot water. Set on an XL corner lot with exceptional potential for a future DADU, the property features a private patio, mature landscaping, and a lush upper garden—your own peaceful retreat. Complete with a detached garage and off-street parking. Enjoy close proximity to Lakewood Park, Aslan Brewing, Both Ways Café, and the scenic trails of Lake Washington Boulevard, plus just one block to Caffe Vita and Third Place Books, and a short stroll to Columbia City’s light rail and vibrant neighborhood hub.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 7,200 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
Hawthorne Elementary School
Grades PK-5 • 0.8 mi
5/10
Graham Hill Elementary School
Grades PK-5 • 0.9 mi
6/10
John Muir Elementary School
Grades K-5 • 1.4 mi
4/10
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 | 1,800 | 1,803.474 |
| Lot Size | 7,200 | 4,544.116 |
| Price | $995.0K | $978.6K |
| Price per sq ft | $553 | $570 |
| Built year | 1948 | 1949 |
| HOA | $0 | $68 |
| Days on market | 76 | 36 |
Pricing History
Listed for Sale
Jun 25, 2026
$995,000
Initial Listing