
Seattle, WA 98117
This Classic Ballard Craftsman represents a High-Potential Investment Opportunity, listed at $935,000—positioned well below the $977,725 Fair Market Value by 4%. This valuation gap offers $42,725 in Instant Equity. Featuring a Fair Condition Rating and NR3 Zoning on a rare double corner lot, the property provides significant development flexibility. With proximity to Ballard High School and downtown amenities, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6558 16th Avenue NW Subject 4 bd · 2 ba · 1,740 sqft · $501 | $849,000* List Price | 4 | 2 | 1,740 | $501 | - |
A 7336 11th Ave NW Sold 4 bd · 2 ba · 1,730 sqft · $607 · 0.5 mi | $1,050,000 | 4 | 2 | 1,730 | $607 | 0.5 mi |
B 1480 NW 80th Street Sold 4 bd · 2 ba · 1,860 sqft · $403 · 0.7 mi | $750,000 | 4 | 2 | 1,860 | $403 | 0.7 mi |
C 2107 NW 65th Street Sold 3 bd · 2 ba · 1,400 sqft · $571 · 0.3 mi | $800,000 | 3 | 2 | 1,400 | $571 | 0.3 mi |
D 7527 23rd Avenue NW Sold 3 bd · 2 ba · 1,430 sqft · $612 · 0.6 mi | $875,000 | 3 | 2 | 1,430 | $612 | 0.6 mi |
E 7305 Earl Avenue NW Sold 4 bd · 2 ba · 2,160 sqft · $435 · 0.7 mi | $940,000 | 4 | 2 | 2,160 | $435 | 0.7 mi |
F 7305 Earl Avenue NW Sold 4 bd · 2 ba · 2,160 sqft · $435 · 0.7 mi | $940,000 | 4 | 2 | 2,160 | $435 | 0.7 mi |
G 6742 7th Avenue NW Sold 3 bd · 2 ba · 1,820 sqft · $522 · 0.6 mi | $950,000 | 3 | 2 | 1,820 | $522 | 0.6 mi |
H 7355 17th Avenue NW Pending 2 bd · 2 ba · 1,340 sqft · $616 · 0.4 mi | $825,000 List Price | 2 | 2 | 1,340 | $616 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1906, the property has received recent surface updates including new exterior siding, interior paint, and carpeting, making it move-in ready and livable. However, the kitchen and main finishes are noted as needing updates and modern ideas, placing it in the 'Fair' category due to its age and dated core areas.
The property sits on a rare 5,100 sqft double corner lot with NR3 zoning, offering significant development flexibility and long-term land value appreciation in a high-demand neighborhood.
In addition to the main residence, the property features a detached garage and a 211 sqft bonus building, providing excellent potential for a home office, creative studio, or hobby space.
Boasting a high walkability factor, the home is located just blocks from top-rated Ballard High School, public transit, and the vibrant dining and shopping scene of downtown Ballard.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1740, other record living area = 1340. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
A significant portion of the finished living space and the bonus building are not reflected in public records, which may present challenges regarding permitting verification and future valuation.
While the exterior and paint are fresh, the kitchen and interior finishes require updating, necessitating additional immediate capital investment from the buyer to modernize the home.
NEW PRICE under $850K plus $10,000 seller credit toward a rate buydown or closing costs. Classic Craftsman on a rare oversized double corner lot in Loyal Heights, blocks from Ballard High and transit and a short stroll to Ballard’s cafes, restaurants, and shops. Freshly updated with new exterior siding, interior paint, and carpet, this 4-bed, 2-bath home lives notably larger than public records show: approximately 1,740 sq ft including a generous finished upstairs not reflected in King County records (buyer to verify square footage and permitting with King County and SDCI). Functional, flexible layout, vintage character, and great bones, ready for your kitchen and finish ideas at a price that leaves room to do them. Out back: a street-facing detached garage, a garden shed, and a separate 211 sq ft bonus building, ideal as a studio, office, or gym, none of which are counted in the home’s square footage. The real story is the land: a 5,100 sq ft double lot (two platted lots under one tax parcel) with corner frontage on two streets and NR3 zoning, with room to convert the garage, expand, or redevelop in an increasingly scarce close-in location (buyer to verify with SDCI). Live in it now, rent it, or build on it later. Easy to show.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-8 • 0.2 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,740 | 1,801.924 |
| Lot Size | 5,100 | 4,494.536 |
| Price | $849.0K | $974.4K |
| Price per sq ft | $488 | $569 |
| Built year | 1906 | 1948 |
| HOA | $0 | $78 |
| Days on market | 36 | 35 |
Oct 23, 2026
$849,000
$895,000
-5% Price Drop
Initial Listing
Oct 3, 2026
$895,000
$935,000
-4% Price Drop
Initial Listing
Sep 18, 2026
$935,000
Initial Listing