520 2nd Avenue W 201, Seattle, WA 98119, Seattle, 98119 - 1 bed, 1 bath
Loading property details...
520 2nd Avenue W 201
Seattle, WA 98119
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
569Sq Ft
0Lot Size
Property Price
LIST PRICE$320,000
EST. MARKET VALUE
$333,001
3% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $320,000—positioned well below the $333,001 Fair Market Value by 3%. This valuation gap offers $13,001 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the unit includes a high-end kitchen with Miele and Liebherr appliances, bamboo flooring, and a private balcony. Located in Lower Queen Anne near top-rated schools, this property is an ideal sanctuary for first-time buyers or urban professionals seeking a polished, move-in ready lifestyle.
Estimated Market Value
$333,001+$13,001 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 520 2nd Avenue W 201 Subject | $320,000* List Price | 1 | 1 | 569 | $585 | - |
A 275 W Roy Street 315 Sold | $370,000 | 1 | 1 | 598 | $619 | 0.1 mi |
B 500 W 5th Avenue 306 Sold | $300,000 | 1 | 1 | 657 | $457 | 0.2 mi |
C 521 5th Avenue W 103 Sold | $409,000 | 1 | 1 | 716 | $571 | 0.2 mi |
D 919 2nd Avenue W 204 Pending | $235,000 List Price | 1 | 1 | 558 | $421 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While the building was constructed in 1992, the unit has undergone a high-end, recent renovation (likely <5 years) featuring a modern kitchen with quartz countertops and premium appliances (Miele, Liebherr), an updated bathroom, and bamboo flooring. The property is in mint, turnkey condition.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Kitchen Upgrades
The kitchen features high-end Miele and Liebherr appliances along with a rare five-burner gas range, offering a luxury culinary experience seldom found in similar-sized condos.
- Prime Lifestyle Location
Situated in Lower Queen Anne, the property is steps away from Climate Pledge Arena, Seattle Center, and the waterfront, providing unparalleled access to entertainment and recreation.
- Functional Amenities
The unit includes essential urban conveniences such as secure garage parking, guest parking, in-unit laundry, and a private balcony, maximizing utility and comfort.
CONSRISKS & DEFICIENCIES
- High Monthly Dues
The association fee of $575 per month is relatively high for a one-bedroom unit of this size, which could affect the overall monthly budget for potential buyers.
- Compact Square Footage
At 569 square feet, the living space is quite intimate, which may pose challenges for those requiring more room for furniture or a dedicated home office setup.
About 520 2nd Avenue W 201
Coffee. Concerts. Coastline. It’s all close to home. Enter into a bright, welcoming living space featuring bamboo floors and a cozy gas fireplace. The beautifully updated kitchen pairs quartz surfaces with a Miele dishwasher, Liebherr refrigerator and a sought-after five-burner gas range a special find in condo living. The generously sized bedroom and open living area both connect to a spacious, private balcony. The updated bathroom feels fresh and polished, while in-unit laundry adds everyday convenience. This turnkey home also includes a large dedicated storage space and secure garage parking, with additional guest parking available. Enjoy sweeping Seattle views from the building’s rooftop deck. Climate Pledge Arena, Seattle Center, favorite neighborhood cafés, Myrtle Edwards Park and Seattle’s transformed waterfront are all nearby, bringing Elliott Bay sunsets and some of the city’s best experiences close to home.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1992
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $575 / Month
Neighborhood Insights
Seattle Unified Schools
Hay Elementary School
Grades K-5 • 0.7 mi
7/10
Queen Anne Elementary School
Grades K-5 • 1.1 mi
8/10
Mcclure Middle School
Grades 6-8 • 0.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 569 | 1,034.227 |
| Lot Size | - | 2,208.034 |
| Price | $320.0K | $552.8K |
| Price per sq ft | $562 | $559 |
| Built year | 1992 | 1997 |
| HOA | $575 | $311 |
| Days on market | 13 | 63 |
Pricing History
Listed for Sale
Aug 27, 2026
$320,000
Initial Listing