5203 56th Avenue S, Seattle, WA 98118, Seattle, 98118 - 2 bed, 2 bath
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5203 56th Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,970Sq Ft
6,060Lot Size
Property Price
LIST PRICE$985,000
EST. MARKET VALUE
$993,611
SUMMARY
This Turnkey Mid-Century Home is a Strong Value Opportunity, listed at $985,000—positioned well below the $993,612 Fair Market Value by 0.87%. This valuation gap offers $8,612 in Instant Equity. Featuring a Condition Rating of 3, the home includes a brand-new roof, engineered hardwood floors, and air conditioning. With scenic Lake Washington views, a new deck, and proximity to Seward Park, this property is an ideal sanctuary for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Estimated Market Value
$993,611
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 |
|---|---|---|---|---|---|---|
★ 5203 56th Avenue S Subject 2 bd · 2 ba · 1,970 sqft · $504 | $985,000* List Price | 2 | 2 | 1,970 | $504 | - |
A 4903 50th Avenue S Sold 3 bd · 2 ba · 1,800 sqft · $553 · 0.4 mi | $995,000 | 3 | 2 | 1,800 | $553 | 0.4 mi |
B 4858 S Orcas Street Sold 3 bd · 2 ba · 1,755 sqft · $561 · 0.4 mi | $984,500 | 3 | 2 | 1,755 | $561 | 0.4 mi |
C 4927 50th Avenue S Sold 3 bd · 2 ba · 2,130 sqft · $596 · 0.4 mi | $1,270,000 | 3 | 2 | 2,130 | $596 | 0.4 mi |
D 4707 S Brandon Street Sold 4 bd · 2 ba · 1,820 sqft · $549 · 0.5 mi | $999,000 | 4 | 2 | 1,820 | $549 | 0.5 mi |
E 4625 48th Avenue S Sold 3 bd · 2 ba · 1,820 sqft · $527 · 0.6 mi | $959,000 | 3 | 2 | 1,820 | $527 | 0.6 mi |
F 4631 48th Avenue S Sold 4 bd · 3 ba · 2,320 sqft · $460 · 0.6 mi | $1,068,000 | 4 | 3 | 2,320 | $460 | 0.6 mi |
G 4850 S Spencer Street Active 3 bd · 3 ba · 1,940 sqft · $464 · 0.6 mi | $899,950 List Price | 3 | 3 | 1,940 | $464 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is a well-maintained mid-century home that is functional and move-in ready. It features significant recent updates (<5 years) including a brand new roof, new engineered hardwood flooring, new carpeting, added air conditioning, and new kitchen appliances, though some elements like the cabinetry retain their classic style.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Seward Park Location
Situated just two blocks from Lake Washington and within walking distance to Seward Park's vibrant cafes and shops, this home offers an exceptional lifestyle in a highly sought-after neighborhood.
- Scenic Views & Outdoor Living
The property features impressive views of Lake Washington and Mt. Baker, complemented by a brand-new deck and a corner lot position that maximizes the natural beauty of the Pacific Northwest.
- Extensive Modern Upgrades
Significant recent investments including a brand-new roof, air conditioning, and updated flooring throughout ensure immediate move-in readiness and reduced long-term maintenance costs.
CONSRISKS & DEFICIENCIES
- Tandem Garage Layout
The two-car garage is a tandem-style configuration, which is generally less convenient for multi-vehicle households compared to traditional side-by-side parking.
- Limited Bedroom Count
With only two bedrooms across nearly 2,000 square feet, the current layout may limit appeal for larger families or buyers requiring multiple dedicated home offices.
About 5203 56th Avenue S
AMAZING LOCATION close to Seward Park, 2 short blocks to Lake Washington, with BEAUTIFUL LAKE AND MT BAKER VIEWS! This charming mid-century 2BR, 1.75BA home has a new roof, new paint inside and out, new hardwood flooring upstairs and carpeting downstairs, new appliances, newly remodeled bathrooms, a new view deck, and new landscaping. Perched up on a quiet corner lot, the home's main floor features a slate entry, living room with large picture windows and fireplace, dining room, main bedroom with view, the second bedroom, and the updated kitchen. The lower level has a large recreation room with kitchenette, a spacious laundry room with pull-down Murphy bed, 3/4 bathroom, and a large tandem-style garage with workspace and storage. The landscaping and lovely backyard with a patio offers serenity and more views. The home also has air conditioning. The location must be visited to fully appreciate and you'll love what this home has to offer! Don't miss the opportunity to live in one of Seattle's most beautiful and desirable neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 6,060 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Graham Hill Elementary School
Grades PK-5 • 0.7 mi
6/10
Hawthorne Elementary School
Grades PK-5 • 1.2 mi
5/10
John Muir Elementary School
Grades K-5 • 1.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,970 | 1,801.924 |
| Lot Size | 6,060 | 4,494.536 |
| Price | $985.0K | $974.4K |
| Price per sq ft | $500 | $569 |
| Built year | 1955 | 1948 |
| HOA | $0 | $78 |
| Days on market | 35 | 35 |
Pricing History
Listed for Sale
Sep 19, 2026
$985,000
Initial Listing