7217 4th Avenue NW, Seattle, WA 98117, Seattle, 98117 - 2 bed, 1 bath
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7217 4th Avenue NW
Seattle, WA 98117
ACTIVE
CONDITION: FAIR
2Beds
1Baths
860Sq Ft
3,330Lot Size
Property Price
LIST PRICE$859,000
EST. MARKET VALUE
$777,120
10% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $859,000—positioned above the $777,121 Fair Market Value. While the property requires a premium, it offers significant upside through its Finished Attic and Basement/Garage ADU potential. Featuring Modernized Infrastructure including updated electrical and plumbing, the home maintains a Condition Rating of 4. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the prime Phinney Ridge location to build long-term equity through strategic renovation.
Estimated Market Value
$777,120
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 |
|---|---|---|---|---|---|---|
★ 7217 4th Avenue NW Subject | $859,000* List Price | 2 | 1 | 860 | $904 | - |
A 630 NW 76th Street Sold | $760,000 | 2 | 1 | 840 | $905 | 0.2 mi |
B 7361 17th Avenue NW Sold | $725,000 | 2 | 1 | 830 | $873 | 0.8 mi |
C 338 NW 79th Street Sold | $885,000 | 1 | 1 | 930 | $952 | 0.4 mi |
D 7220 4th Avenue NW Pending | $820,000 List Price | 3 | 2 | 1,050 | $781 | 0.0 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 1918, the property has essential system updates (electrical and plumbing) and 'updated' kitchen/bath components. However, the listing's mention of needing a 'breath of freshness' combined with the dated wood-paneled attic and unfinished basement indicates the home is functional but requires cosmetic updates and minor repairs to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Phinney Ridge Location
Situated in one of Seattle's most desirable neighborhoods, the property offers exceptional walkability to Greenwood Avenue's trendy shops and restaurants while maintaining a quiet, tree-lined residential feel.
- Significant Value-Add Potential
The large basement and garage provide a rare opportunity to develop an ADU or capture additional living space, offering a clear path for future equity growth and increased square footage.
- Modernized Infrastructure
The home features essential updates to electrical and plumbing systems, alongside a refreshed kitchen and bath, blending modern reliability with preserved 1918 architectural charm like oak hardwoods and 7-inch baseboards.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 860 square feet of finished space and a single bathroom, the current footprint may be restrictive for buyers requiring more interior volume or a second bath.
- Cosmetic Refresh Needed
The listing indicates the home is 'waiting for a new breath of freshness,' suggesting that buyers should budget for aesthetic updates to fully modernize the interior aesthetic.
About 7217 4th Avenue NW
Light filled Phinney gem waiting for a new breath of freshness. Open floorplan with updated kitchen cabinetry, updated electrical and plumbing done. Top nailed Oak hardwood floors, 7 inch baseboards and lots of old world charm left. Updated bath with large walk in shower. Finished attic space with skylights. The large Basement/Garage has great potential to turn into an ADU or capture as additional living space. Enjoy the quiet tree lined street on the spacious front porch. Easy commute downtown and a short walk to Greenwood Av and all the hottest Phinney Ridge restaurants and shops. Close to every service you'll ever need. Phinney at it's finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1918
- Lot Size
- 3,330 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 860 | 1,803.474 |
| Lot Size | 3,330 | 4,544.116 |
| Price | $859.0K | $978.6K |
| Price per sq ft | $999 | $570 |
| Built year | 1918 | 1949 |
| HOA | $0 | $68 |
| Days on market | 37 | 36 |
Pricing History
Listed for Sale
Aug 3, 2026
$859,000
Initial Listing