521 5th Avenue W 602, Seattle, WA 98119, Seattle, 98119 - 1 bed, 1 bath
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Seattle, WA 98119
This 1-bedroom condominium represents a High-Potential Investment Opportunity, listed at $474,000—positioned above the $460,734 Fair Market Value. While the price reflects a premium, the property offers an unobstructed, panoramic view of Elliott Bay and the Olympic Mountains. With a Condition Rating of 4, the unit provides a stable foundation for cosmetic updates to drive future appreciation. Located in a highly walkable area near Climate Pledge Arena, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime Queen Anne lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 5th Avenue W 602 Subject | $474,000* List Price | 1 | 1 | 907 | $508 | - |
A 507 W Mercer Street 704 Active | $385,000 List Price | 1 | 1 | 728 | $529 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, this unit is over 60 years old and appears to be in mostly original or dated condition. While well-maintained and functional, the presence of electric baseboard heaters, older carpeting, and louvered closet doors indicates that no major renovations have occurred in the last 20+ years. The property is move-in ready but requires cosmetic and system updates to meet modern standards.
The property offers rare and expansive views of Elliott Bay, the Olympic Mountains, and Mount Rainier, providing a premium visual experience from the living area and private patio.
Perfectly situated at the foot of Queen Anne, the condo boasts high walkability to Climate Pledge Arena, local dining, and shops, with excellent transit access to downtown Seattle.
With 907 square feet, this one-bedroom unit is significantly larger than average, featuring a king-sized bedroom, dedicated dining space, and a flexible open-concept layout.
The monthly HOA fee of $898 is relatively high for a one-bedroom unit, which may deter budget-conscious buyers or impact mortgage qualification.
Built in 1963, the property may lack modern amenities such as central air conditioning or in-unit laundry, and could require future capital improvements common in older structures.
This beautiful condo might have the best view of Elliott Bay and the Olympic mountains, currently listed for sale in Seattle. Where else in Seattle can you see from Mount Rainer to the Olympic mountains from the comfort of your own private patio? Situated at the foot of Queen Anne, is this large one bedroom, one bath condo with secure parking is just minutes to shops, restaurants, and Climate Pledge arena. This condo features a large, bright open living room with plenty of options to meet your design and layout ideas. Work from home? How about having your work space facing out with views of downtown Seattle? Just off the kitchen there's a great dining space with plenty of room for a large dinner gathering. The kitchen has just the perfect amount of space and layout for making a great meal. The large bedroom has lots of closet space and room for a king bed, dresser and nightstands along with access to your private patio. In addition this condo comes with a dedicated, undercover parking space in a secure garage along with storage. The building is located in a transportation friendly area to easily get around Seattle. If you like to entertain, it will be hard to find a better condo than this condo.
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.
| 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 | 1963 | - | 0% |
| HOA | $898 | $0 | 0% |
| Days on market | - | - | 0% |
Jun 3, 2026
$474,000
Initial Listing