
Seattle, WA 98117
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned above the $742,672 Fair Market Value by 7%. While the price reflects a premium, the 6,000 sqft lot and NR3 zoning offer significant development upside in a prime Ballard location. Featuring a Condition Rating of 6, this estate sale requires remediation for potential asbestos and underground oil tanks. With proximity to Whittier Elementary (9/10) and Ballard High (8/10), this is a strategic acquisition for Buy-and-Hold Investors or Developers seeking land value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7022 Dibble Avenue NW Subject 2 bd · 1 ba · 1,010 sqft · $735 | $795,000* List Price | 2 | 1 | 1,010 | $735 | - |
A 7707 6th Avenue NW Sold 3 bd · 1 ba · 1,270 sqft · $643 · 0.4 mi | $816,000 | 3 | 1 | 1,270 | $643 | 0.4 mi |
B 6533 5th Avenue NW Active 1 bd · 1 ba · 750 sqft · $825 · 0.3 mi | $618,600 List Price | 1 | 1 | 750 | $825 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1917 (>100 years old) with no mention of renovations, this estate property is sold 'as-is' for land value. Significant liabilities are noted, including a likely underground oil tank and potential asbestos, meeting the criteria for a structure over 50 years old with no updates.
Elementary School: Whittier Elementary School (9/10).
Situated in the highly sought-after Ballard neighborhood, this property features a generous 6,000 sqft lot, offering significant land value and space rarely found in this dense urban area.
The property is ideally located near high-ranking schools, including Whittier Elementary (9/10) and Ballard High School (8/10), both within a half-mile radius.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The presence of an oil heat fill pipe and the 1917 construction date suggest likely underground oil tank and asbestos issues, requiring potentially costly remediation.
Sold as-is with no Form 17 disclosure provided, the property carries significant risk regarding deferred maintenance and unknown structural or system conditions.
Property is an estate property being sold as is, no Form 17 shall be provided. Current zoning is (NR3). Buyer to conduct any and all independent study(s). Property has a fill pipe for oil heat, likely oil tank below, flooring materials may be determined to have asbestos based on the date of construction.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,010 | 1,801.924 |
| Lot Size | 6,000 | 4,494.536 |
| Price | $795.0K | $974.4K |
| Price per sq ft | $787 | $569 |
| Built year | 1917 | 1948 |
| HOA | $0 | $78 |
| Days on market | 9 | 35 |
Oct 15, 2026
$795,000
Initial Listing