500 5th Ave W 303, Seattle, WA 98119, Seattle, 98119 - 2 bed, 2 bath
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Seattle, WA 98119
This Modern Queen Anne Condominium is a Strong Value Opportunity, listed at $535,000—positioned well below the $585,793 Fair Market Value by 8%. This valuation gap offers $50,793 in Instant Equity for incoming buyers. Boasting a Condition Rating of 3, the interior features a renovated kitchen, cork flooring, and a private balcony. With a rare no-rental-cap policy and a seller-paid 4.99% interest rate buydown, this property provides significant long-term financial flexibility. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 5th Ave W 303 Subject | $499,000* List Price | 2 | 2 | 969 | $531 | - |
A 654 W Olympic Place 203 Active | $624,900 List Price | 2 | 2 | 1,043 | $599 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant modern updates throughout. The kitchen is equipped with contemporary flat-panel cabinetry, stainless steel appliances, and a modern vent hood. The interior boasts updated cork flooring, stylish light fixtures, and a functional Murphy bed/desk system. While the building was constructed in 1968, the unit's finishes have been extensively renovated within a timeframe that aligns with current market standards, showing minimal wear and tear.
Situated in a highly walkable pocket of Queen Anne, the property offers immediate access to Seattle Center, Climate Pledge Arena, and a vibrant array of local dining and shopping.
The rare absence of a rental cap provides exceptional long-term flexibility, making this unit an attractive option for both primary homeowners and investors seeking rental income.
The seller-offered interest rate buydown to as low as 4.99% provides a substantial financial advantage, lowering monthly payments and increasing overall affordability.
The association fee of $927 per month is relatively high for a unit of this size, which may deter budget-conscious buyers and impact debt-to-income ratios.
Constructed in 1968, the building may lack the modern amenities, updated infrastructure, and energy efficiency found in newer luxury condominium developments.
Modern Queen Anne living at its finest. This bright and inviting 2 bed, 2 bath condo delivers an effortless blend of comfort and style, featuring an open, airy layout, thoughtfully updated finishes, and a private balcony perfect for morning coffee, evening unwinding, or simply taking in the neighborhood vibe. Enjoy the everyday ease of secure garage parking—a true city luxury—and the rare long-term flexibility of a no-rental-cap building, ideal for both homeowners and investors seeking options. Set in one of Seattle’s most walkable pockets, you’re just steps from beloved cafés, destination restaurants, boutique shopping, and the cultural energy of Seattle Center. Catch concerts, Kraken games, and world-class events at Climate Pledge Arena, all just moments from your door. This is the best of Queen Anne: connected, convenient, and effortlessly livable. Home is virtually staged.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1968 | - | 0% |
| HOA | $927 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 15, 2026
$499,000
$535,000
-7% Price Drop
Initial Listing
Feb 23, 2026
$535,000
Initial Listing