521 5th Avenue W 201, Seattle, WA 98119, Seattle, 98119 - 2 bed, 2 bath
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Seattle, WA 98119
This Mid-Century Condominium is a Strong Value Opportunity, listed at $515,000—positioned well below the $514,879 Fair Market Value by a negligible margin, reflecting a stable, fair-market entry. The property features a Condition Rating of 4, offering a solid, move-in ready foundation with significant potential for cosmetic upgrades to the kitchen and baths. With panoramic Elliott Bay and Space Needle views, a private covered deck, and proximity to top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-connectivity urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 5th Avenue W 201 Subject | $515,000* List Price | 2 | 2 | 1,019 | $505 | - |
A 500 Olympic Place 304 Pending | $505,000 List Price | 2 | 2 | 1,000 | $505 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is located in a 1963 mid-century building. While the hardwood floors appear well-maintained, the bathroom is significantly dated with 30+ year old finishes (4x4 tile, laminate counters, and older fixtures) and the unit utilizes older electric baseboard heating. It is functional and move-in ready but requires cosmetic updates to the kitchen and baths to meet modern standards.
Situated on a quiet dead-end street in Lower Queen Anne, this southwest corner unit offers iconic Seattle views of the Space Needle and Elliott Bay ferries from a private covered deck.
The property is located in a solid concrete and steel building, providing significantly better sound insulation, fire safety, and structural durability compared to typical wood-frame mid-century builds.
The unit includes rare urban conveniences such as dedicated garage parking, guest parking, and two large storage units, while the HOA covers extensive utilities including earthquake insurance.
At $1,009 per month, the association fees are relatively high for the price point, which may impact buyer affordability and overall monthly carrying costs.
Built in 1963, the property may lack modern energy-efficient systems or in-unit laundry facilities common in newer developments, potentially requiring future updates or maintenance.
Harbor House is one of Lower Queen Anne’s iconic mid-century buildings. Tucked away on a quiet dead-end street, this light-filled southwest corner home sits in a solid concrete and steel building just blocks from Seattle Center, Uptown, Kinnear Park, the waterfront, downtown, SLU, and the Mercer corridor. Close to everything, but not right on top of it. The spacious two-bedroom, two-bath layout features bright living and dining spaces, warm hardwood floors, and a private covered deck for morning coffee, evening wine, or watching the ferries cross Elliott Bay. The generous primary suite includes an ensuite bath and a Space Needle view, with a front-row seat to the fireworks. Harbor House offers secure entry, two elevators, dedicated garage parking, guest parking, plentiful zoned street parking, and two large storage units, one in the home and one in the storage room. HOA dues include water, sewer, garbage, cable TV, earthquake insurance, central hot water, and more. A smart, stylish, low-maintenance home in one of Seattle’s most connected neighborhoods.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
Jul 2, 2026
$515,000
Initial Listing