530 W Olympic Place #206, Seattle, WA 98119, Seattle, 98119 - 1 bed, 1 bath
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530 W Olympic Place #206
Seattle, WA 98119
ACTIVE
CONDITION: GOOD
1Beds
1Baths
602Sq Ft
0Lot Size
Property Price
LIST PRICE$325,000
EST. MARKET VALUE
$315,052
3% AboveMARKET VALUE
SUMMARY
This Move-In Ready Condo is a Strong Value Opportunity, listed at $325,000—positioned slightly above the $315,053 Fair Market Value. While the price reflects a premium, the property features an Excellent Condition Rating with a modern kitchen and hardwood floors. Residents enjoy Iconic Seattle Views of the Space Needle and Mount Rainier, plus a private patio and rooftop deck. Located near Top-Rated Schools like McClure Middle, this home offers a premium urban lifestyle for first-time buyers or urban professionals seeking a turnkey residence.
Estimated Market Value
$315,052
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 |
|---|---|---|---|---|---|---|
★ 530 W Olympic Place #206 Subject 1 bd · 1 ba · 602 sqft · $523 | $325,000* List Price | 1 | 1 | 602 | $523 | - |
A 275 W Roy Street 315 Sold 1 bd · 1 ba · 598 sqft · $619 · 0.2 mi | $370,000 | 1 | 1 | 598 | $619 | 0.2 mi |
B 521 5th Avenue W 103 Sold 1 bd · 1 ba · 716 sqft · $571 · 0.2 mi | $409,000 | 1 | 1 | 716 | $571 | 0.2 mi |
C 120 1st Avenue W 306 Sold 1 bd · 1 ba · 603 sqft · $575 · 0.6 mi | $346,500 | 1 | 1 | 603 | $575 | 0.6 mi |
D 500 W 5th Avenue 306 Sold 1 bd · 1 ba · 657 sqft · $457 · 0.3 mi | $300,000 | 1 | 1 | 657 | $457 | 0.3 mi |
E 530 W Olympic Place 304 Active 1 bd · 1 ba · 610 sqft · $556 · 0.0 mi | $339,000 List Price | 1 | 1 | 610 | $556 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building dates to 1949, the unit features a clearly updated kitchen with modern shaker cabinets, stone countertops, and subway tile backsplash. The hardwood floors are well-maintained and the unit is in move-in ready condition, fitting the 5-15 year renovation window for a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Seattle Views
The property boasts exceptional views of the Space Needle, Seattle skyline, and Mount Rainier, complemented by a private patio and an expansive rooftop deck for entertaining.
- Prime Urban Location
Located in the heart of Queen Anne, the condo offers unparalleled walkability to Climate Pledge Arena, Seattle Center, high-end grocery stores, and vibrant nightlife.
- Modern Interior Updates
The unit features a tastefully updated kitchen and hardwood flooring, blending modern functionality with the charm of a classic 1949 building, plus the added value of dedicated parking.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $820 per month is significantly high for a 602-square-foot one-bedroom unit, which may deter budget-conscious buyers or impact financing ratios.
- Limited Living Space
At just 602 square feet, the compact footprint may feel restrictive for those requiring extra storage or a dedicated home office space.
About 530 W Olympic Place #206
Enjoy stunning Space Needle, Seattle skyline, and Mount Rainier views from this inviting one-bedroom condo in an unbeatable Seattle location. Relax on your private patio or head to the expansive rooftop deck to take in spectacular sunsets over Elliott Bay, with plenty of space for outdoor dining, summer BBQs, and entertaining. Inside your unit, enjoy an updated kitchen, hardwood flooring, and a spacious dining room that adds comfort and functionality to the living space. A dedicated parking space provides added convenience. Walk to Climate Pledge Arena and Seattle Center for concerts, sporting events, and entertainment. Trader Joe’s, Metropolitan Market, fantastic restaurants, and vibrant nightlife are just minutes away. Nearby Kinnear Park offers a wonderful green space to enjoy with your four-legged companion. Experience the best of Seattle living with breathtaking views, inviting outdoor spaces, modern updates, and an exceptional location!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1949
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $820 / Month
Neighborhood Insights
Seattle Unified Schools
Hay Elementary School
Grades K-5 • 0.7 mi
7/10
Queen Anne Elementary School
Grades K-5 • 1.0 mi
8/10
Mcclure Middle School
Grades 6-8 • 0.7 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 | 602 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $325.0K | $548.3K |
| Price per sq ft | $540 | $551 |
| Built year | 1949 | 1997 |
| HOA | $820 | $317 |
| Days on market | 9 | 63 |
Pricing History
Listed for Sale
Oct 15, 2026
$325,000
Initial Listing