7032 22nd Avenue NW, Seattle, WA 98117, Seattle, 98117 - 3 bed, 2 bath
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7032 22nd Avenue NW
Seattle, WA 98117
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,800Sq Ft
5,100Lot Size
Property Price
LIST PRICE$987,500
EST. MARKET VALUE
$1,014,378
SUMMARY
This Ballard Craftsman represents a Prime Investment Opportunity, listed at $987,500—positioned well below the $1,014,379 Fair Market Value by 2%. This valuation gap provides $26,879 in Instant Equity. With a Condition Rating of 4, the home offers a functional layout with significant potential for cosmetic modernization. Featuring a 5,100-square-foot flat lot, deck, and patio, it sits near highly-rated schools like Ballard High School. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$1,014,378
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 |
|---|---|---|---|---|---|---|
★ 7032 22nd Avenue NW Subject 3 bd · 2 ba · 1,800 sqft · $564 | $987,500* List Price | 3 | 2 | 1,800 | $564 | - |
A 6717 26th Avenue NW Sold 3 bd · 3 ba · 1,840 sqft · $622 · 0.3 mi | $1,145,000 | 3 | 3 | 1,840 | $622 | 0.3 mi |
B 7313 25th Avenue NW Sold 4 bd · 2 ba · 1,700 sqft · $697 · 0.2 mi | $1,185,000 | 4 | 2 | 1,700 | $697 | 0.2 mi |
C 7336 11th Ave NW Sold 4 bd · 2 ba · 1,730 sqft · $607 · 0.7 mi | $1,050,000 | 4 | 2 | 1,730 | $607 | 0.7 mi |
D 7527 23rd Avenue NW Sold 3 bd · 2 ba · 1,430 sqft · $612 · 0.3 mi | $875,000 | 3 | 2 | 1,430 | $612 | 0.3 mi |
E 7735 13th Avenue NW Sold 3 bd · 2 ba · 1,640 sqft · $640 · 0.6 mi | $1,050,000 | 3 | 2 | 1,640 | $640 | 0.6 mi |
F 7559 14th Avenue NW Sold 3 bd · 2 ba · 1,520 sqft · $660 · 0.5 mi | $1,002,499 | 3 | 2 | 1,520 | $660 | 0.5 mi |
G 7754 Jones Avenue NW Sold 3 bd · 2 ba · 2,200 sqft · $507 · 0.4 mi | $1,115,000 | 3 | 2 | 2,200 | $507 | 0.4 mi |
H 3003 NW 65th Street Sold 3 bd · 2 ba · 2,120 sqft · $566 · 0.6 mi | $1,200,000 | 3 | 2 | 2,120 | $566 | 0.6 mi |
I 6558 16th Avenue NW Active 4 bd · 2 ba · 1,740 sqft · $537 · 0.4 mi | $935,000 List Price | 4 | 2 | 1,740 | $537 | 0.4 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 1925, this home is functional but dated. The kitchen features older mid-century style wood cabinetry and countertops, despite minor updates like a newer stainless steel dishwasher and subway tile backsplash. The bathroom and laundry area are basic and vintage, indicating the property is move-in ready but requires cosmetic modernization and updates.
PROSSTRENGTHS & OPPORTUNITIES
- Timeless Craftsman Appeal
Built in 1925, this home retains its original character and old-world charm, offering a quintessential Ballard aesthetic that is highly sought after by local buyers.
- Exceptional Outdoor Space
The rare 5,100-square-foot flat lot features a beautiful deck and side patio, providing significant outdoor living and entertaining space seldom found in this dense urban neighborhood.
- Versatile Living Layout
The finished lower level with a third bedroom, family room, and additional bath offers excellent flexibility for guests, a home office, or a media room, maximizing the 1,800 square feet.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Given the 1925 construction date, the property may require ongoing maintenance or updates to aging systems such as plumbing and electrical to meet modern efficiency standards.
- Recent Price Volatility
A significant price reduction from the original listing price of $1,049,000 suggests initial market resistance, which may impact buyer perception of value during negotiations.
About 7032 22nd Avenue NW
Quintessential Ballard Craftsman showcasing timeless character and old-world charm. A gracious main-floor layout offers two bedrooms, a full bath, inviting living room, and spacious eat-in kitchen. The lower level adds a third bedroom, ¾ bath, and versatile family room. Set on a rare 5,100-square-foot flat lot, the home extends effortlessly outdoors with a beautiful deck for relaxing and a side patio ideal for grilling and entertaining. A special Ballard offering with character, flexibility, and exceptional outdoor space.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 5,100 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Adams Elementary School
Grades K-5 • 0.6 mi
6/10
Salmon Bay School
Grades K-8 • 0.3 mi
7/10
Whitman Middle School
Grades 6-8 • 1.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,800 | 1,801.924 |
| Lot Size | 5,100 | 4,494.536 |
| Price | $987.5K | $974.4K |
| Price per sq ft | $549 | $569 |
| Built year | 1925 | 1948 |
| HOA | $0 | $78 |
| Days on market | 44 | 35 |
Pricing History
Listed for Sale
Sep 29, 2026
$987,500
$1,049,000
-6% Price Drop
Initial Listing
Price Change
Sep 10, 2026
$1,049,000
Initial Listing