7518 24th Avenue NW 301, Seattle, WA 98117, Seattle, 98117 - 2 bed, 2 bath
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Seattle, WA 98117
This Ballard condo represents a Strong Value Opportunity, listed at $499,950—positioned well below the $528,960 Fair Market Value by 5%. This valuation gap offers $29,010 in Instant Equity. With a Condition Rating of 4, the unit features a spacious, private layout with no common walls, though it requires cosmetic updates to modernize the original 1979 finishes. Located near top-rated schools like Loyal Heights Elementary, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7518 24th Avenue NW 301 Subject | $499,950* List Price | 2 | 2 | 1,247 | $424 | - |
A 8501 12th Avenue NW #107 Pending | $499,999 List Price | 2 | 2 | 1,045 | $478 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 and offered for the first time in 45 years, the property is well-maintained but significantly dated. The kitchen features original oak cabinetry and laminate countertops from the era of construction. While the listing notes 'modern upgrades' like newer windows and insulation, the primary living surfaces, kitchen, and likely the bathrooms are over 20 years old and require cosmetic updates to meet modern standards.
This rare unit features absolutely no common walls, offering a level of quiet and seclusion that is highly unique for a condominium setting.
The building has no rental cap and relatively low monthly HOA dues that include utilities, providing significant long-term value and options for investors or future landlords.
With southern and western exposures, the home is flooded with light, while newer windows and extra-thick insulation ensure modern energy efficiency.
Being offered for the first time in 45 years and featuring virtual staging suggests the interior finishes may be dated and require modernization to meet current buyer tastes.
Built in 1979, this boutique building lacks the modern communal amenities such as fitness centers or rooftop lounges found in newer Ballard developments.
Available for the first time in 45 years, this spacious 2-bedroom, 1.75-bath Ballard condo offers exceptional privacy with no shared walls. Tucked away in a quiet well-maintained building, this sun-drenched sanctuary boasts brilliant western and southern exposures that flood the space with natural light. Updated windows and extra-thick insulation provide energy efficiency, complemented by a cozy wood-burning fireplace. The expansive layout features a primary bedroom with ensuite bath, a generous private deck, and a large kitchen with upgraded appliances. Unmatched storage solutions include large closets within the unit, plus a separate secure storage unit downstairs. A dedicated utility room provides you a pantry, full-sized washer and dryer, and convenient central vacuum. Complete with secure intercom entry, elevator access, and an assigned parking space, the home is as functional as it is inviting. Adding incredible long-term value, the pet-friendly building features a well-run, self-managed HOA with low $565 monthly dues covering W/S/G, maintenance, and insurance, all with the ultimate flexibility of no rental cap. Perfectly positioned for urban living with a true neighborhood feel, you are just moments from the Loyal Heights Community Center, Golden Gardens, and downtown Ballard. Rapid transit lines offer effortless connections to Northgate, the light rail, South Lake Union, and downtown Seattle. Virtually staged.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades PK-5 • 0.8 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
Jun 24, 2026
$499,950
Initial Listing