5240 S Dawson Street, Seattle, WA 98118, Seattle, 98118 - 4 bed, 2 bath
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5240 S Dawson Street
Seattle, WA 98118
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,940Sq Ft
4,000Lot Size
Property Price
LIST PRICE$849,000
EST. MARKET VALUE
$823,233
3% AboveMARKET VALUE
SUMMARY
This 1911 residence presents a High-Potential Investment Opportunity, listed at $849,000—positioned above the $823,233 Fair Market Value. While the property requires cosmetic updates, its Fair Condition Rating and historic character offer significant upside for value-add renovations. Featuring mountain views, a private sauna, and a versatile 4-bedroom layout, the home provides a solid foundation for modernization. Despite mixed school ratings, the proximity to Seward Park and Andrews Bay ensures long-term desirability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with substantial equity potential.
Estimated Market Value
$823,233
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 |
|---|---|---|---|---|---|---|
★ 5240 S Dawson Street Subject 4 bd · 2 ba · 1,940 sqft · $424 | $849,000* List Price | 4 | 2 | 1,940 | $424 | - |
A 5109 S Angeline Street Sold 2 bd · 2 ba · 1,720 sqft · $465 · 0.3 mi | $799,000 | 2 | 2 | 1,720 | $465 | 0.3 mi |
B 4631 48th Avenue S Sold 4 bd · 3 ba · 2,320 sqft · $460 · 0.5 mi | $1,068,000 | 4 | 3 | 2,320 | $460 | 0.5 mi |
C 3915 S Brandon St Sold 4 bd · 2 ba · 1,680 sqft · $357 · 0.8 mi | $599,850 | 4 | 2 | 1,680 | $357 | 0.8 mi |
D 3933 S Mead Street Sold 5 bd · 2 ba · 2,150 sqft · $358 · 0.8 mi | $770,000 | 5 | 2 | 2,150 | $358 | 0.8 mi |
E 4929 55th Avenue S Sold 3 bd · 2 ba · 1,500 sqft · $500 · 0.2 mi | $750,000 | 3 | 2 | 1,500 | $500 | 0.2 mi |
F 3632 S Findlay Street Sold 3 bd · 2 ba · 1,410 sqft · $514 · 1.0 mi | $725,000 | 3 | 2 | 1,410 | $514 | 1.0 mi |
G 4225 46th Avenue S Sold 2 bd · 2 ba · 1,720 sqft · $512 · 0.8 mi | $880,000 | 2 | 2 | 1,720 | $512 | 0.8 mi |
H 5111 S Hudson Street Pending 3 bd · 2 ba · 2,090 sqft · $471 · 0.2 mi | $985,000 List Price | 3 | 2 | 2,090 | $471 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1911, this property is functional but significantly dated. The bathroom features 20-30 year old renovations (glass block and pedestal sink), and interior photos show unfinished drywall and paint in the bedrooms. While the HVAC unit appears relatively modern, the unfinished basement and weathered exterior deck with peeling paint confirm the need for minor repairs and comprehensive cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Views
Perfectly situated in the desirable Seward Park neighborhood, this home offers beautiful views of Andrews Bay and the mountains, providing a quintessential Pacific Northwest living experience.
- Historic Architectural Character
Built in 1911, the property boasts elegant period details including tall ceilings, a grand entry, and oversized bedrooms, complemented by unique features like a private sauna.
- Functional & Spacious Layout
The 1,940 sqft floor plan is highly versatile, featuring a rare main-floor bedroom and bathroom, a large eat-in kitchen, and multiple decks for seamless indoor-outdoor living.
CONSRISKS & DEFICIENCIES
- Renovation Requirements
Described as needing 'a little love,' the home likely requires cosmetic updates and potential infrastructure modernizations consistent with its 1911 construction date.
- Underperforming Local Schools
The property is zoned for schools with inconsistent ratings, specifically a high school with a low rating of 2, which may be a concern for families prioritizing public education.
About 5240 S Dawson Street
Beautifully situated overlooking Andrews Bay, just blocks from Seward Park. Elegant entry and stairs, tall ceilings, Large living room and dining room. And a big kitchen with big eating space. There's also a bed and bath on the main floor. And upstairs... 3 more over-sized beds, a full bath, and a pristine sauna upstairs. Deck off the primary and a deck off the kitchen. This is a very solid house that needs only a little love.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 • 1.1 mi
5/10
John Muir Elementary School
Grades K-5 • 1.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,940 | 1,801.924 |
| Lot Size | 4,000 | 4,494.536 |
| Price | $849.0K | $974.4K |
| Price per sq ft | $438 | $569 |
| Built year | 1911 | 1948 |
| HOA | $0 | $78 |
| Days on market | 10 | 35 |
Pricing History
Listed for Sale
Oct 14, 2026
$849,000
Initial Listing